An oceanographic monitoring system can be defined as a system that is used to monitor activities in the ocean such as earthquakes, hurricanes, tsunamis, and floods among others. The oceanographic monitoring system provides real time data related to the height of waves, the magnitude of underwater earthquakes, and the speed of hurricanes among others to prevent and mitigate the damage caused by these disasters. The oceanographic monitoring system is helpful in detecting tsunamis, which are large waves of extremely long length and generated by a violent, impulsive undersea disturbance or activity near the coast or in the ocean. The oceanographic monitoring system constantly monitors the disturbances occurring on the surface of the ocean and send reports in case of a discrepancy in regular activities.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧,𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝑭𝒓𝒆𝒆 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐇𝐞𝐫𝐞 ➦
https://straitsresearch.com/report/oceanographic-monitoring-system-market/request-sample
Factors Driving Growth of the Global Oceanographic Monitoring System Market
The ocean and coastal regions exhibit spatially and temporally varying environmental conditions. With the changing environmental and climatic conditions, natural calamities such as tsunamis, hurricanes, and floods are increasing substantially. In 2018, According to the World Vision Organisation, more than 500,000 earthquakes occurs each year, out of which over a 100 cause damage. Moreover, the 3 major tsunamis have occurred across the globe. In 2004, the tsunami in the Indian Ocean caused more than 2,30,000 deaths. In 2018, an earthquake and tsunami in Indonesia of 6.9 and 7.5 Richter magnitude caused more than 2,000 deaths. As a result, the governments across the globes are adopting oceanographic monitoring systems to reduce destructions caused by natural calamities, which is expected to drive the growth of the global oceanographic monitoring system market.
Key Players
Key players in the market are focusing on developing new systems as per project needs and enhancing their existing systems with novel technologies. Vendors are significantly investing in R&D to develop new monitoring systems and actively participating in trade fairs to showcase their products. For instance, in 2019, Valeport developed SWiFT SVP & SWiFTplus with other monitoring instruments for showcasing at Ocean Business 19.
By Region
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East
- Africa
Most utilities globally are moving toward digitalization with smart meters and advanced metering infrastructure that allows collection of real-time usage data from customers, along with provision for control functions, including time-based rates and demand response.
For instance, CenterPoint Energy (US) installed an advanced metering system, SCADA mobile data platform, and a customer vision platform to strengthen the connection between the company and its customers.
Similarly, General Electric (US) launched a smart grid test program to demonstrate the potential of integrating digitally equipped devices owned by customers with General Electric’s smart grid for customer energy programs.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8477 Competitive Outlook: The key market players operating in the global market as identified by MRFR are SolarWinds (US), ConnectWise Automate (US), Monitis.com (US), NinjaRMM (US), Continuum Managed Services (US), CA Technologies (US), Kaseya (Ireland), Oracle Corporation (US), Ipswitch (US), Red Gate Software Ltd (UK), Paessler AG (Germany), New Relic, Inc. (US), Microsoft Corporation (US), Nagios Enterprises, LLC (US), and Site24x7 (US).
The major strategies implemented by most of the players are agreements, partnerships, and collaborations.
The services segment has further bee divided into professional services and managed services.
Based on the deployment type, the global system monitoring market has been bifurcated into cloud and on-premise.Based on the organization size, the global system monitoring market has been bifurcated into small- and medium-sized enterprise (SME) and large enterprise.Based on the vertical, the global system monitoring market has been divided into IT & telecom, banking, financial services and insurance, government, energy and utilities, manufacturing, healthcare, and others.
