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Global Environmental Health and Safety Software Market Size Expected to Reach USD 11.78 Billion by 2028

13-Oct-2021 | Facts and Factors

Facts and Factors Market Research has published a new report titled “Environmental Health and Safety Software Market By Product component (Software and Services), By Application (Wastewater Management, Pharmaceutical Waste Management, Industrial Waste Management, and others), By End-User (Healthcare, Chemical & Pharmaceuticals, Construction, Energy & Mining, Telecom and IT, and others), And By Regions- Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2028”. According to the report, the global Environmental Health and Safety Software Market is predicted to be valued at approximately USD 6.45 billion in 2021 and is expected to reach a value of around USD 11.78 Billion by 2028, at a CAGR of around 11.6% between 2022 and 2028.

Environmental Health and Safety software or EHS software functions as a data management tool that helps in storing and analyzing information pertaining to waste management, sustainability, occupational health, and safety of workers.

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EHS services are mainly utilized by businesses for the purpose of maintaining regulatory compliance through the tracking of the environmental performance metrics, providing comprehensive reporting functions, and tracking inventory. Firms also use the data collected by EHS software to assist in the risk management analysis and coin a particular strategy.

Firms make use of EHS software for reducing workplace risks, enhancing environmental performance via waste reduction, and ensuring responsibility for workplace events. Furthermore, the product is also used for improving the activities pertaining to data collection and reporting. Environmental health and safety software is extensively utilized across the highly regulated sectors in which the standard of compliance is very high.

Environmental health and safety software comprises a database, driven by enterprise software applications that cover data from different broad fields of environment and waste management, occupational health and medical safety, and industrial hygiene.

Easy access to the software for the employee from any location to boost the market trends

Easy accessibility of the software is predicted to help the employees of the firm make use of EHS services wherever and whenever they require them. The software also helps the managers to create a strong safety culture through the facilitation of employee participation in large numbers.

Furthermore, EHS software offers a tool for myriad firms to maintain the health and safety of their employees from potential hazards in the workplace. In addition to this, it assists the companies in fulfilling the health and safety legislation. All these aspects are predicted to drive the growth of the market during the forecast timeline.

Apart from this, firms are opting for environmental health and safety software for gaining strategic as well as a competitive edge over their business rivals. Nevertheless, pricing pressures and tough competition from IIOT tool providers can hinder business growth over the forecast period. Moreover, the high costs of EHS software deployment will impede the expansion of the industry over the forecast timeline.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 6.45 Billion

Projected Market Size in 2028

USD 11.78 Billion

CAGR Growth Rate

11.6% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Alcumus, ProntoForms, Dakota Software, SAI Global, VelocityEHS, Ideagen, IsoMetrix, ETQ, Enablon, Verisk 3E, SafeSite, Dakota Software, Intelex, SHE Software, SHEQX, EcoOnline, Cority, Enhesa, Quentic, Gensuite, Sphera, UL, VisiumKMS, ProcessMap, ProntoForms, SafetyCulture, Pro-Sapien, ComplianceQuest., and Others

Key Segment

By Product Component, By Application, By End-User, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Energy and mining to dominate the end-user segment by 2028 in terms of revenue

The growth of the segment during the forecast timeline is due to a rise in industrialization as well as construction events across the globe.

Large enterprises to contribute majorly towards the overall market revenue share by 2028

The segmental growth over the forecast period is attributed to the growing demand for the product by the large firms for acquiring a competitive edge over their business rivals.

North America to account for a major revenue share of the overall market by 2028

The growth of the market in the region is credited to the huge acceptance of EHS software across a spectrum of end-use sectors like oil & gas and construction.

Browse the full “Environmental Health and Safety Software Market By Product component (Software and Services), By Application (Wastewater Management, Pharmaceutical Waste Management, Industrial Waste Management, and others), By End-User (Healthcare, Chemical & Pharmaceuticals, Construction, Energy & Mining, Telecom and IT, and others), And By Regions- Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/environmental-health-and-safety-software-market

Top Market Players

The key market participants for the global environmental health and safety software market are Alcumus, ProntoForms, Dakota Software, SAI Global, VelocityEHS, Ideagen, IsoMetrix, ETQ, Enablon, Verisk 3E, SafeSite, Dakota Software, Intelex, SHE Software, SHEQX, EcoOnline, Cority, Enhesa, Quentic, Gensuite, Sphera, UL, VisiumKMS, ProcessMap, ProntoForms, SafetyCulture, Pro-Sapien, and ComplianceQuest., among others.

This report segments the environmental health and safety software market as follows:

Environmental Health and Safety Software Market: Product Component Segment Analysis

  • Software
  • Services

Environmental Health and Safety Software Market: Application Segment Analysis

  • Wastewater management
  • Pharmaceutical waste management
  • Industrial waste management
  • Others

Environmental Health and Safety Software Market: End-User Segment Analysis

  • Healthcare
  • Chemical and pharmaceuticals
  • Construction
  • Energy and mining
  • Telecom and IT
  • Others

Environmental Health and Safety Software Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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