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Since streamflow data is not easily available for planning, designing, or managing river flows, it is common practice to use rainfall-runoff models to acquire such data. The RainOff computer program computes runoff from rainfall on hydrologic catchment areas (watersheds) whose extension is restricted by the condition that the rainfall can be assumed equally distributed over the area. The rainfall is transformed into recharge by directing through a retention reservoir from which water escapes depending on predetermined characteristics such as storage capacity, maximum rate of escape, and initial storage. The first reservoir provides the rainfall excess (recharge) as overflow. Thus, the transformation of rain into surface drainage (runoff) and flooding is produced. Modeling with RainOff gives the chance to predict the hydrology of the catchment (watershed) and of flood prediction along with simulating discharge and water table height in drainage systems. There are various approaches to make projections of future runoff for changed climatic conditions, for example, precipitation and evapotranspiration.
The rainfall and runoff software market is rising across the globe due to the recent reduction in river flows, increasing population, water channel infiltration, and land-surface infiltration. Rainfall and runoff software provide governments with the benefit of cost-effectiveness and enhanced safety by mitigating flood risks. Adoption of rainfall and runoff software is increasing due to the considerable uncertainty and changes in rainfall levels in different regions. The companies are focusing on reducing the effects of flooding, erosion, and water pollution. Technological advances occur at an increasingly faster pace, and improvements to hydrologic and hydraulic software are no exception. Thus, all these factors are anticipated to drive the rainfall and runoff software market during the forecast period.
Lack of awareness about implementation of specific rainfall and runoff software among various small enterprises is limiting the rainfall and runoff software market growth. Sometimes, it becomes challenging to integrate runoff models into practice. However, the rainfall and runoff software market is expected to grow significantly due to the rising number and strength of floods and flash flood events which has affected the environment, taking a high human and economic toll. A rainfall-runoff simulation model is used for estimation of flood peaks for small drainage basins.
Rainfall-runoff software helps in predicting the impact of change and the next generation of hydrological models. The rainfall and runoff software market can be segmented based on application, deployment type, and geography. On the basis of deployment, the rainfall and runoff software market is segmented into cloud and on premise. For higher catchments, runoff routing methods are widely accepted for hydrologic investigation for flood estimation. On the basis of application, the market can be segmented into hydrologic modeling, flood routing and weather prediction, and others. Demand for rainfall and runoff software is increasing as it improves labor productivity and predictability. Geographical segmentation of the rainfall and runoff software market includes North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. Increasing adoption of digital technologies such as cloud, big data, and others by various governments to mitigate disasters is expected to drive the growth of the rainfall and runoff software market during the forecast period.
Key players active in the rainfall and runoff software market includes BMT Group Ltd, FLO-2D Software, Inc., KISTERS AG, Vieux and Associates Inc., HydroCAD Software Solutions LLC, Bentley Systems Incorporated, SoilVision Systems Ltd., Innovyze, SINTEF, Water Resource Associates LLP, and XP Solutions. There are various pricing models associated with rainfall and runoff software which includes perpetual licensing, subscription model, and open source software. Major players are executing numerous strategies such as mergers & acquisitions, R&D investments, production innovation and others in order to gain competitive advantage in the rainfall and runoff software market.
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