The Air Quality Monitoring Software Market by Application (Indoor and Outdoor), End-User (Industrial, Commercial, Urban Air Quality Monitoring Agencies, and Government Agencies and Research Institutes), and
The “Air Quality Monitoring Software Market by Application (Indoor and Outdoor), End-User (Industrial, Commercial, Urban Air Quality Monitoring Agencies, and Government Agencies and Research Institutes), and Region – Global Forecast to 2022” report has been added to Research and Markets’ offering.
The global air quality monitoring software market is projected to grow at a CAGR of 7.05%, from 2017 to 2022, to reach a market size of USD 544.6 Million by 2022.
This growth can be attributed to the increase in rapid industrialization, rising global levels of air pollution, increasing public awareness of healthcare, and government regulations for effective air pollution monitoring and control.
The North American market is expected to lead the air quality monitoring software market during the forecast period. The North American market is a mature market, with the increased use of advanced pollution monitoring technologies by key end-users and the presence of well-established distribution channels for the supply of air quality monitoring products.
Easy accessibility and the fast adoption of advanced technologies due to significant expenditure by the US and Canadian governments and the presence of government regulations to promote the adoption of air quality monitoring devices among key end-users are the major factors driving market growth in this region.
High product costs associated with air quality monitoring solutions and rise in adoption of alternate and renewable sources of energy could act as restraints for the air quality monitoring software market, leading to a decline in profits. The players in the air quality monitoring software market provide services to developing and underdeveloped nations where government regulations are stringent.
The leading players in the air quality monitoring software market include Environnement S.A. (France), Cambridge Environmental Research Consultants Ltd (UK), 3M Company (US), KISTERS AG (Germany), and Robert Bosch GmbH (Germany). New product launches was the most commonly adopted strategy by the top players. This was followed by contracts & agreements, joint ventures, collaborations, mergers & acquisitions, and expansions and investments.