Which new trends are likely to be seen

in Environmental Software Market ?

Global Environmental Software Market – Introduction

• Environmental software, also known as environmental management system

(EMS), helps enterprises with monitoring, reporting, and enforcement of internal
environmental compliances.
• Environmental software helps enterprises to track and examine environment data
to reduce risks and meet regulatory requirements. Environmental software aids
organizations to mechanize data collection & compliance, and ease identification
& concerns about environmental waste. Moreover, the software streamlines
environmental compliance of water, air, and waste guidelines so users can easily
initiate ongoing program enhancements.

Impact of Coronavirus (COVID-19) on the Environmental Software Market

Lockdowns across major regions (Europe, Asia, and North America) due to an increase
in the spread of Coronavirus (COVID-19) has a negative impact on the environmental
software market. Economies across the globe started shrinking and growth is declining
due to the pandemic situation. Therefore, most industries have stopped operations or
activities worldwide, which is expected to negatively influence the growth of the
environmental software market.

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Increasing Stringent Government Regulations & Compliances Regarding

Environment Protection Expected to Drive the Global Environmental Software
Market

• Globally, the increasing need to minimize environmental liabilities coupled with

eliminating long-term business risks is significantly influencing enterprises to
deploy advanced environment solutions for safety purposes. Several government
agencies & organizations are enforcing stringent regulations & compliance
requirements across various industries, in terms of safety & health of personnel.
• For example, companies in the U.K., U.S, Australia, and Canada have
to mandatorily comply with industrial waste disposal standards and
strict wastewater treatment norms such as the National Pollutant
Inventory (NPI) in Australia, National Pollutant Release Inventory
 (NPRI) in Canada, and Toxics Release Inventory (TRI) in the U.S. The
formation of these stringent standards is expected to drive companies
to deploy environment management software to maintain environment
safety.
• Moreover, the environment management system provides wide-ranging
functionalities, including audit & inspection management, incident management,
chemical management, compliance management, training management, risk
analysis, performance metrics, air emission measurement, waste compliance,
water quality, safety meetings, corrective actions, and ergonomics.
• The impact of this driver is expected to be high throughout the forecast period. Use
of environmental software is on the rise across the globe, led by increasingly
stringent government regulations & compliances regarding environment
protection. This is expected to boost the global environmental software market in
the next few years.

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High Installation Cost of Environmental Software Expected to Hamper the

Environmental Software Market

• Across developing or under-developed nations, environmental software witness as

a lower adoption owing to high cost of installation which is expected to hamper the
growth of the environmental software market worldwide. Furthermore, some
auxiliary services such as auditing could be expensive and complex, making
environmental software more expensive.
• Therefore, high installing cost of environmental software is expected to hamper the
global environmental software market.

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North America to Account for Major Share of the Global Environmental Software
Market

• In terms of region, the global environmental software market can be segmented

into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America is anticipated to account for major share of the global environmental
software market during the forecast period due to the presence of several IT
companies along with stringent Environmental Protection Agency (EPA)
regulations, indicating potential growth of the market. Europe is expected to be the
second largest market for environmental software from 2020 to 2030.
• Asia Pacific is projected to be a rapidly growing market for environmental software
during the forecast period due to increasing awareness regarding environment
safety across various industry verticals such as energy & utility, chemicals, and
pharmaceuticals, specifically in India, Japan, and China.
Key Players Operating in the Global Environmental Software Market Include:

• Gensuite
• Intelex Technologies Inc.
• Cority Software Inc.
• Quentic GmbH
• DNV GL
• Others

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