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Environmental Consulting Services Market Segmentation
The Site Remediation Consulting Services segment provides advice and assistance to businesses and other organizations on activities such as the control of environmental contamination from pollutants, toxic substances, and hazardous materials.
The Water and Waste Management Consulting Services segment provides advice and assistance to businesses and other organizations on activities such as waste water treatment and solid waste management.
The Environment Management, Compliance and Due Diligence services segment provides advisory services to businesses and other organizations for obtaining licenses, compliance with government regulations and due diligence.
Other services include advice and assistance to businesses and other organizations for sustainable business development.
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The global environmental consulting market size grew at a compound annual growth rate (CAGR) of 3%. This growth can be attributed to factors such as increased government regulation, rise in public concern about environmental degradation, rise in shale oil and gas production, and other similar factors mentioned in the report. This market is expected to grow at the same CAGR by 2021.
The USA’s environmental consulting industry was the largest in the world with almost 45% of the market. The USA has a large manufacturing base and urban population, which increase the demand for water and waste management consulting services.
As an environmental consulting trend, IoT technologies for environmental management are being used in treating sewage water. Environmental consulting companies are increasingly promoting the utilization and installation of IoT technologies that can help enterprises and governments monitor and conserve the environment.
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