Environmental Intelligence Platform Market Trends

Growth Drivers

• Big Data Transforming Field of Environmental Intelligence- Environmental intelligence is evolving into the next stage of environmental management by utilizing the power of environmental data. It can be done with technology-driven processes to optimize economic value, foster development, foster societal acceptance, and lessen environmental impact. Around 2.5 quintillion bytes worth of data are generated each day across the globe.
• Sudden Climate Change- The issue of climate change is also becoming more urgent for both corporate and political leaders. The corporate community is also starting to see climate change as a problem that needs to be considered when making long-term plans. The consequences on financial performance will probably be the same whether they are direct or indirect. As a result, global demand is eventually increasing due to climate change.  For instance, National Mission for a Green India Mission strives to improve ecological functions like carbon sinks. It expands on the Green India initiative of the Prime Minister, which aims to afforest 6 million hectares and reach the national goal of a 33% increase in the area covered by forests.
• Increasing Awareness by Different Organizations- With the rising of pollution day by day, the initiatives taken by different organizations to make people aware of the environment have led to enterprises focusing more. The increasing awareness amongst enterprises has driven the growth of the market.

Challenges

• Limited Accesses to Such Platforms for SMEs- The main challenge faced by the people which limits the growth of this market is that there is limited access to such platforms for SMEs. They do not have much knowledge as well as access to such platforms. Since SMEs are not very influential and instead have little impact on environmental protection, additional research is required to identify the most effective techniques for accelerating the adoption of eco-efficient practices by small firms. Only two-thirds of SMEs actively handled eco-efficiency measures in 2018. According to this report, SMEs must implement resource-efficient policies and green transformational leadership in order to enhance their company operations and achieve greater performance and development.
• Lack of Awareness Among People
• Scarcity of Professionals for the Operation of the Environmental Intelligence Platform