Market Size of Air Quality Monitoring Software Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.30 % |
| Fastest Growing Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Air Quality Monitoring Software Market Analysis
The Air Quality Monitoring Software Market is expected to grow at a CAGR of 6.3% for the next five years. More people are required to assess project needs and comprehend building projects' internal or external components.
- Over the forecast period, the market is expected to be driven by increasing government initiatives for developing environmentally friendly industries, growth in the industrial sector that is creating a demand for air quality monitoring software, and strict government regulations for efficient air pollution monitoring and control.
- The market for air quality monitoring software is primarily driven by the increasing installation and use of air quality monitoring systems in both developed and developing nations. Additionally, there is a need for more skilled professionals to monitor and control the software and regular R&D infrastructure to develop a cost-effective monitoring system for developing countries.
- However, one of the major challenges associated with air quality monitoring software is the high cost of installation and constant invigilating of the readings. There is also a need for skilled persons for pollution control and monitoring measures and more research and development infrastructure for expanding cost-effective air maintenance technology.
- As the relationship between air quality and health, well-being, creativity, and productivity becomes increasingly clear, indoor air quality (IAQ) is receiving more attention than ever. Most major groups and agencies worldwide rank poor IAQ as one of the top five health concerns. As a result, proper indoor air quality is becoming a bigger priority for organizations, governments, institutions of higher learning, building owners, and managers worldwide.
- One of the main causes of death worldwide is air pollution. In the major developing Asian countries, there are numerous air quality problems, yet during COVID-19 lockdowns, urban air quality improved because of the decrease in public movement and fuel consumption. As a result, fewer industries needed air quality assessment equipment. However, due to rising worries about air quality and the rise of industrialization in many nations, post the relaxation of the Covid-related guidelines, the market is projected to accelerate soon.
