Environmental Intelligence Platform Market to Grow with a CAGR of 11.19% through 2028

Rising concerns about climate change and Increasing government regulations are likely to drive the market in the forecast period.

According to TechSci Research report, “Environmental Intelligence Platform Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Environmental Intelligence Platform Market stood at USD 2.08 billion in 2022 and is anticipated to grow with a CAGR of 11.19% in the forecast period. One of the primary drivers propelling the growth of the Environmental Intelligence Platform (EIP) market is the escalating regulatory pressure imposed by governments and international bodies. As concerns about environmental sustainability, climate change, and resource conservation intensify, authorities worldwide are enacting more stringent environmental regulations and reporting requirements. These regulations span diverse sectors, including energy, manufacturing, transportation, and agriculture, and demand comprehensive environmental data collection and analysis. EIPs are at the forefront of assisting organizations in meeting these compliance obligations. They empower businesses and institutions to gather real-time environmental data, assess their environmental footprint, and report transparently to regulatory bodies. The imperative to avoid costly penalties, reputational damage, and legal liabilities associated with non-compliance drives the adoption of EIP solutions. As environmental regulations continue to evolve and expand, the EIP market is poised for sustained growth, serving as an essential tool for entities striving to navigate the complex landscape of environmental compliance.

Another influential driver energizing the EIP market is the surge in corporate sustainability initiatives and the growing prominence of Environmental, Social, and Governance (ESG) criteria in investment decisions. An increasing number of businesses recognize that sustainability is not only a moral imperative but also a strategic advantage in an environmentally conscious marketplace. Companies are setting ambitious sustainability goals, pledging to reduce carbon emissions, conserve resources, and minimize environmental impacts. EIPs play a pivotal role in helping organizations monitor progress toward these objectives. By providing comprehensive data on energy consumption, emissions, waste management, and more, EIPs empower companies to make data-driven decisions that align with their sustainability objectives. Moreover, ESG investing, which factors in environmental performance when making investment decisions, has gained significant momentum. Companies that can demonstrate strong environmental stewardship are more attractive to investors seeking responsible and sustainable opportunities. Consequently, businesses are increasingly turning to EIPs to bolster their environmental credentials, enhance transparency, and attract ESG-conscious investors, thus fueling the continued growth of the EIP market.

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The Global Environmental Intelligence Platform Market is segmented into deployment, services, end user and region. Based on deployment The Cloud-Based segment had the largest market share in 2022 & expected to maintain it in the forecast period. Cloud-based EIP solutions offer unmatched scalability. Organizations can easily adjust their computing resources based on demand, accommodating growing data volumes and user needs. This scalability is particularly valuable in an environment where data volumes related to environmental monitoring and sustainability reporting can vary significantly. Cloud-based deployment often requires lower upfront capital expenditures compared to on-premises solutions. Instead of investing in costly hardware and infrastructure, organizations can subscribe to cloud services on a pay-as-you-go basis. This cost-effective model is especially appealing to smaller companies and organizations with limited IT budgets. Cloud-based EIP platforms are accessible from anywhere with an internet connection. This accessibility enables real-time data access and remote collaboration among geographically dispersed teams and stakeholders. As environmental initiatives often involve multiple stakeholders and remote data collection, this capability is crucial. Cloud providers handle routine maintenance, updates, and security, reducing the operational burden on internal IT teams. This frees up resources for organizations to focus on using the EIP platform to derive meaningful insights from their environmental data rather than managing infrastructure.

Based on service, The Consulting segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Consulting firms in the EIP sector typically employ environmental experts with in-depth knowledge of environmental regulations, sustainability practices, and data analytics. These specialists can provide organizations with invaluable insights and strategies for effectively leveraging EIPs to achieve their environmental goals. Environmental challenges and objectives can vary significantly across industries, regions, and organizations. Consulting services offer tailored solutions that address the unique needs and priorities of each client. Consultants work closely with organizations to design EIP implementations that align with their specific requirements. Environmental regulations are complex and continually evolving. Consulting firms assist organizations in understanding and complying with these regulations. They help clients navigate compliance requirements, ensuring that their EIP solutions facilitate accurate data reporting and adherence to environmental laws. Effective environmental intelligence relies on robust data strategies. Consultants assist organizations in developing comprehensive data collection and management plans. They help clients identify relevant data sources, establish data quality standards, and create processes for data collection, storage, and analysis. Many organizations have ambitious sustainability goals, such as reducing carbon emissions, conserving resources, or achieving specific environmental certifications. EIP consultants assist in creating sustainability roadmaps, outlining the steps needed to reach these objectives using EIP platforms. Environmental risks, such as climate change impacts, supply chain vulnerabilities, and resource scarcity, pose significant challenges to organizations.

Major companies operating in the Global Environmental Intelligence Platform Market are:

• IBM Corporation
• Microsoft Corporation
• SAP SE
• Oracle Corporation
• Environmental Intelligence Group
• Ecochain Technologies B.V.
• BreezoMeter Ltd.
• State of Green
• Climate-KIC
• Accenture plc

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“The Global Environmental Intelligence Platform market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The increasing air pollution and the health problems it causes are the major factors driving the growth of the market. According to the World Health Organization (WHO), 9 out of 10 people breathe air that is polluted at a high rate, and estimates that air pollution is causing alarming scenarios worldwide. Other factors driving the growth of the market include the rising concerns about climate change, increasing government regulations, and the growing adoption of smart cities. The increasing adoption of environmental intelligence platforms by various end-users such as government, energy, transportation, and manufacturing is also expected to boost the market growth. Additionally, The Asia Pacific region is expected to be the fastest-growing market for environmental intelligence platforms during the forecast period. This is due to the increasing air pollution in the region and the growing government regulations. China and India are expected to be the major markets in the region. Therefore, the market of Environmental Intelligence Platform is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Environmental Intelligence Platform Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Deployment (Cloud-Based, On-Premises), By Services (Implementation & Integration, Consulting, Support & Maintenance), By End User (Automotive, Food & Beverages, Manufacturing, Aerospace, Energy & Utilities, Healthcare, Government), By Region, By Competition”, has evaluated the future growth potential of Global Environmental Intelligence Platform Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Environmental Intelligence Platform Market.

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