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Rapid Expansion of End-User Industries to Enable the Geohazard Market Reach USD 910.2 Million by 2028

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Pune, India, Sept. 29, 2021 (GLOBE NEWSWIRE) — The global geohazard market size is projected to reach USD 910.2 million by 2028, exhibiting a CAGR of 4.7% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Geohazard Market, 2021-2028”. As per the report, the value of the market stood at USD 629.9 million in 2020.

The Centre for Research on the Epidemiology of Disasters Emergency Events Database (EM-DAT) has mentioned in its report that in 2018, nearly 3.5 million people were affected by geohazards. These natural incidents account for significant financial burden on nations worldwide. Governments across the world and industry leaders are focusing on leveraging the latest technologies in order to effectively assess such disasters. In May 2020, the California Department of Transportation (Caltrans) awarded USD 1.5 million to UCLA. The grant aims to establish a research program on seismic geohazard, thereby assessing and addressing the complex geohazard issues.

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List of Key Companies Covered in this Market Report:

•             Geosyntec Consultants (U.S.)

•             Fugro (Netherlands)

•             Penspen (UK)

•             Geo Serve Arabia (Saudi Arabia)

•             SRK Consulting (Canada)

•             Benthic (U.S.)

•             RINA (Italy)

•             WSB (U.S.)

•             Lloyd’s Register (UK)

•             Applus+ Velosi (Kuwait)

•             GeoStabilization International (U.S.)

•             Schlumberger (U.S.)

•             Geofem Ltd (Cyprus)

•             Gardline Limited (UK)

•             Maccaferri (Italy)

•             via+ Visitless Integrity Assessment Ltd. (Canada)

REPORT SCOPE & SEGMENTATION:

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 4.7%
2028 Value Projection USD 910.2 Million
Base Year 2020
Market Size in 2020 USD 629.9 Million
Historical Data for 2017 to 2019
No. of Pages 230
Tables, Charts & Figures 221
Segments covered Service; End-User; and Region
Growth Drivers Constant Evolution of End-user Industries to Propel the Market Growth
Utilization of Artificial Intelligence for Developing Products to Drive Growth
Growing Concerns to Integrate Advanced Technologies with New Structures to Boost Demand
Pitfalls & Challenges Unanticipated Investment Decline and High Product Cost May Hamper Market Growth

Market Segmentation

We have categorized the market on the basis of service, end-user, and geography. In terms of service, the market is divided into site investigation, risk assessment, modelling, and others. Based on end-user, it is fragmented into oil & gas, marine, residential & commercial, infrastructure, and others. Lastly, on the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.

What Does the Report Offer?

The report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. Apart from this, the report contains tangible insights into the current & upcoming market trends and highlights prominent industry developments. In addition to these factors, the report supplies a holistic understanding of the main drivers, restraints, and segments that are contributing to the growth of the market.

Drivers & Restraints

Utilization of Artificial Intelligence for Developing Products to Drive Growth

In order to be better prepared for geohazards, such as earthquakes, tsunamis, and landslides, industry leaders are relying extensively on innovation. Manufacturers are embarking upon utilizing the latest technologies available in order to develop systems that are able to analyze the conditions and better predict the occurrence of a geohazard. Technologies, such as Artificial Intelligence (AI), are widely adopted among companies in order to offer better accuracy. This growing dependence on cutting-edge technologies is estimated to drive the global geohazard market growth. For instance, an AI company called Minerva Intelligence Inc. signed a contract with White Gold Corp. (WGO) in April 2020 to identify and understand the geochemical relationship existing among different structures. The aim is to help the company augment their exploration activities across different properties.

However, the high cost associated with the implementation of sophisticated sensors coupled with the expenses of repair is estimated to strengthen the demand for geohazard assessment systems.

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Regional Insights

High Energy Demand in Asia Pacific to Bolster Growth in the Region

The market value in Asia Pacific stood at USD 198.54 million in 2020. The region is set to hold the leading geohazard market share during the forecast period. The increasing requirement for energy stoked by a rapidly increasing population will result in more establishments of power plants in major developing nations, bolstering the demand for geohazard assessment systems in the region. In addition, increasing marine activities from countries, such as India and China, are predicted to further strengthen growth.

The market in North America is expected to showcase steady growth during the projected timeline. Numerous regional organizations and institutions are introducing plants and facilities for research and production purposes in various parts of the region. This will propel market growth in the region.

Competitive Landscape

Collaboration with Industry Leaders to Help Key Players Establish in Key Regions

Key players operating in the market are focusing on collaborating with prominent enterprises in the oil & gas industry in order to expand their businesses in key regions. For instance, in September 2020, Fugro signed a contract with Oil and Natural Gas Corporation Limited (ONGC). Under the three-year contract, the company is expected to develop ONGC’s locations on the west and east coasts of India.

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Industry Developments:

  • In May 2020, Hilcorp Alaska LLC was issued a permit from the Bureau of Ocean Energy Management (BOEM). Backed by the authorization, the company started the conduction of a geohazard site clearance study in Cook Inlet, Alaska.

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Major Table of Content for Geohazard Market:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Industry Developments
    • Regulatory Landscape
    • Industry SWOT Analysis
    • Porters Five Forces Analysis
  • Qualitative Analysis – Impact of COVID-19
    • Impact of COVID-19 on the Geohazard Market
    • Steps Taken by the Government to Overcome the Impact
    • Key Developments by the Industry Players in Response to COVID-19
    • Potential Opportunities and Challenges due to COVID-19 Outbreak
  • Global Geohazard Market Analysis (USD Million), Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Service
      • Site Investigation
      • Risk Assessment
      • Modelling
      • Others
    • Market Analysis, Insights and Forecast – By End-User
      • Oil & Gas
      • Marine
      • Residential & Commercial
      • Infrastructure
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America

TOC Continued..

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Water Scale Removal Market Size, Share & COVID-19 Impact Analysis, By Type (Electronic Scale Removal and Magnetic Scale Removal), By Application (Residential, Commercial, Industrial), and Regional Forecasts, 2021-2028

Geochemical Services Market Size, Share & COVID-19 Impact Analysis, By Type (Laboratory-based, and Infiled-based), By Service Type (Sample Preparation, Mixed Acid Digest, Hydrogeochemistry, Fire Assay, X-ray Fluorescence, Aqua Regia Digest, and Others), By End-user (Mineral & Mining, Oil & Gas, Archaeological Survey, and Others) and Regional Forecasts, 2021-2028

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Artificial Intelligence

Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining

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JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.

 
 
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.  
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
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Invoca Wins CX Today Award for Best Conversational Intelligence Solution of 2024; Launches European Data Centre and Adds UK Sales Leader

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CX Today recognises Invoca as the foremost visionary in the Conversational Intelligence category. Additionally, expands its European presence with a new Data Centre and the appointment of Duncan MacPherson as UK Director of Sales.
LONDON, March 28, 2024 /PRNewswire/ — Invoca, the leading revenue execution platform for revenue teams, has won the CX Today Award for ‘Best Conversational Intelligence Solution’ of 2024. CX Today, the leading international news publication honouring excellence in CX technology, hosted the CX Awards to honour excellence in CX leadership, technology innovation, and industry success.

“Invoca’s exceptional work in conversational intelligence has helped push the category forward, and we are thrilled to see their accomplishments acknowledged at CX Awards 2024,” said Charlie Mitchell, Senior Editor at CX Today and host of the awards.
The award recognises Invoca’s strength in empowering revenue teams across marketing, contact centre sales, and customer experience to enhance buying experiences, increase high-value leads, and boost revenue. For businesses that acquire customers over the phone, Invoca enables these digital marketing and contact centre teams to collaborate to drive revenue growth. Invoca stands out for capturing deep insights from consumer calls and digital interactions and ingesting revenue driven by calls and other metadata from CRM and contact centre solutions, making Invoca the source of truth for consumer engagements.
“We’re thrilled to be named the Best Conversational Intelligence Solution of 2024 by CX Today as we highlight our longstanding vision to help brands acquire customers and grow their revenue,” said Gregg Johnson, CEO of Invoca. “As AI pioneers in this space, having first introduced our broad base of patented AI technologies in 2015, artificial intelligence and machine learning are core to helping companies improve the customer experience and connect the buyer journey.”
The CX Awards’ judging panel, including Dan Miller, Lead Analyst at Opus Research, reviewed hundreds of applications for their organisation’s ability to improve overall customer experience through innovation and high-impact features.
“Invoca continues to demonstrate that they are a clear leader in conversational intelligence AI. We recognised Invoca for their ability to employ a sophisticated blend of AI technologies — including patented machine learning, generative AI, voice biometrics, and deep learning neural networks, to drive revenue,” said Dan Miller, CX Awards judge and Lead Analyst at Opus Research.
Invoca Launches New European Platform and Data Centre Amid U.K. Sales Leadership Expansion
Invoca continues to reinforce its commitment to maintaining data excellence with unwavering reliability and strict adherence to security standards. Protecting customer data privacy remains a top priority, particularly given the heightened concerns surrounding security and privacy. Invoca’s new European platform and localised data centres support its growing customer base by ensuring all customers can adhere to the highest level of enterprise-grade data privacy, and GDPR compliance standards. Invoca’s powerful EU-based infrastructure enables its customers to recreate the same Invoca experience using the full feature suite while maintaining the highest standards of quality.
Invoca has also welcomed Duncan MacPherson as UK Director of Sales. MacPherson brings extensive experience with large companies and start-ups selling customer engagement solutions. This is part of an overall expansion in the UK market, which includes hiring a localised sales and customer success team, sales development, and marketing support.
More Information:
See the results you can get with Invoca’s award-winning conversation intelligence: https://www.invoca.com/customersInvoca’s GDPR Compliance: Everything You Need to Know: https://www.invoca.com/blog/invocas-gdpr-compliance-everything-you-need-to-knowWatch the CX Today Awards winners revealed on demand: www.cxtoday.com/cxawardsJoin Invoca’s talented team today: https://www.invoca.com/company/careersAbout InvocaInvoca is a revenue execution platform that connects marketing and sales teams to help them track and optimise the buying journey to drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
About CX AwardsHosted by CX Today, the awards ceremony has become the beacon of recognition for companies and professionals pushing the envelope in the CX technology sphere.
The CX Awards 2024 is here for its fourth year and is bigger and better than ever before! Winners of the 2023 awards included Vonage, Calabrio, and UJET and more. Then, the ceremony included exclusive streams from our people winners, Jay Patel from Webex and Kimberley Wood from Ultimate. Yet, this year’s event featured many more CX leaders who shared their unique takes on the space.
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ASC Achieves Certification for Webex Calling

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ASC announces compliance recording and AI-driven analytics tool for Webex Calling
HÖSBACH, Germany, March 28, 2024 /PRNewswire/ — ASC Technologies, a leading provider of comprehensive recording and analytics tools, announces its successful certification for Webex Calling with Webex by Cisco, a leading provider of collaboration technologies powering hybrid work and customer experience. This certification distinguishes ASC as one of the few global vendors who are authorized to provide record capabilities for Webex Calling communications. This capability is essential for organizations in regulated industries that must adhere to strict compliance standards.

A key benefit of the ASC solution is the simple and fast configuration in the Webex Control Hub, which ensures a high level of user-friendliness. In addition, ASC enables the migration of on-premise solutions to the cloud by seamlessly transferring recordings to the cloud environment. This step enables organizations to accelerate their digital transformation and take advantage of cloud-based services. In addition, AI-driven analytics, powered by ASC’s solutions, help organizations gain a comprehensive view of their communications, enrich customer relationships, and streamline compliance and risk management processes.
“As a stable company that has been established in the market for 60 years, we see the certification for Webex Calling not only as a confirmation of our technological expertise, but also as a promise to our customers and partners,” says Dr. Gerald Kromer, CEO of ASC. “We are committed to providing innovative and reliable solutions that meet the demands of today’s communications technologies while ensuring our customers’ compliance requirements.”
This certification is a further milestone in ASC’s successful partnership with Cisco, which has already existed for 20 years. ASC will be exhibiting at Enterprise Connect in Gaylord Palms, and Cisco Live in Las Vegas, showcasing its innovative recording and analytics solutions and demonstrating the results of its collaboration with Cisco. These events offer a glimpse into how ASC’s solutions drive efficiency and insight.
About ASC
ASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 14 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
About Webex by Cisco
Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality, and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world’s leading business and productivity apps – delivered through a single application and interface. Learn more at webex.com.
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