Global Environmental Health and Safety Market Share Is Likely To Grow At A CAGR Value Of Around 10.8% By 2028

25-Apr-2022 | Facts and Factors

According to Facts & Factors, The global environmental health and safety market was worth around USD 6125.2 million in 2021 and is estimated to grow to about USD 11333.3 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.8% over the forecast period. The report analyzes the environmental health and safety market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the environmental health and safety market.

The term environmental, health and safety management (EHSM) refers to a company's attempts to enhance its environmental, health, and safety (EHS) performance. The practice of putting processes in place to ensure and improve the safety of people and their environment is known as EHS management. These processes are essential for achieving and maintaining the organization's overall environmental goals. The accelerated use of EHS software by various end-user sectors such as energy and utilities, chemicals and materials, healthcare, construction and engineering, chemicals and materials, food and beverage, government and defense, and an increase in the number of accidents at mining, oil and gas, and chemical plants are the major factors driving the market growth during the forecast period.

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Browse the full “Environmental Health and Safety Market By Component (Software, Services (Analytics, Project Deployment, and Implementation, Business Consulting and Advisory, Audit, Assessment and Regulatory Compliance, Certification, Training, and Support)), By Deployment Mode (On-premises and Cloud), By Vertical (Energy and Utilities, Chemicals and Materials, Healthcare, Construction and Engineering, Food and Beverage, Government and Defense, and Others (Telecom and IT, Automotive, and Retail)), and By Region - Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028" report at https://www.fnfresearch.com/environmental-health-and-safety-market

With the increasing awareness among individuals of EHS software, the value of the EHS market will continue to rise in the future years. As a result of a greater emphasis on corporate social responsibility and business continuity transformation, the EHS industry is seeing substantial growth opportunities in the coming years. In addition, an increase in the amount of money spent by small and medium-sized businesses on EHS software implementation will drive market expansion in the future years. With the increasing number of connected devices, the possibility to use them efficiently to assist in EHS management is expanding, boosting the market growth.

Moreover, the scalability and flexibility of EHS, cloud-based Environmental Health, and Safety (EHS) solutions are rapidly gaining traction among a diverse range of end-users, and the requirement for global testing and quality standards for chemical industry applications are opening up new opportunities for the market for Environmental Health and Safety (EHS) solutions in the coming years. The adoption of Environmental, Health, and Safety (EHS) solutions across industries is fuelled by uniform policies and high-quality instruments.

The Environmental Health and Safety Market is segregated based on Component, Deployment Mode, and Vertical. Based on Component, the global market is distinguished into Software, Services (Analytics, Project Deployment, and Implementation, Business Consulting and Advisory, Audit, Assessment and Regulatory Compliance, Certification, Training, and support). Based on Deployment Mode, the global market is distinguished into On-premises and Cloud. Based on Vertical, the global market is distinguished into Energy and Utilities, Chemicals and Materials, Healthcare, Construction and Engineering, Food and Beverage, Government and Defense, and Others (Telecom and IT, Automotive, and Retail)

The Asia Pacific is likely to lead the market throughout the forecast period. The growing societal demand for businesses to provide a healthy environment is driving the EHS services market in these regions. The growing societal demand on industries to provide a healthy environment is driving the EHS services market in China. For decades, China has been chastised for its lack of occupational and industrial safety standards. As a result, there has been an increase in investment in the development of advanced environmental health and safety systems.

Europe is expected to have great growth during the projection period as a result of severe environmental legislation. The European Agency for Safety and Health at Work (EU-OSHA) and the Environment Agency (EA) drafted the legislation governing health, safety, consumer protection, and environmental protection. These directives enable the adoption of measures to improve the free circulation of goods.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 6125.2 Million

Projected Market Size in 2028

USD 11333.3 Million

CAGR Growth Rate

10.8% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

VelocityEHS (US), Enablon (France), Intelex (US), Cority (US), Gensuite (US), Sphera (US), SAI Global (US), Quentic (Germany), UL (US), Alcumus (UK), SHE Software (UK), VisiumKMS (US), Ideagen (UK), EcoOnline (Ireland), ETQ (US), Dakota Software (US), ProcessMap, SafetyCulture (Australia), ProntoForms (Canada), Verisk 3E (US), Enhesa (US), SAP (Germany), IsoMetrix (South Africa), SHEQX (UK), Pro-Sapien (UK), SafeSite (US), and ComplianceQuest (US), among others

Key Segment

By Component, Deployment Mode, Vertical, and Region

Major Regions Covered

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

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Key players functioning in the Environmental Health and Safety Market include VelocityEHS (US), Enablon (France), Intelex (US), Cority (US), Gensuite (US), Sphera (US), SAI Global (US), Quentic (Germany), UL (US), Alcumus (UK), SHE Software (UK), VisiumKMS (US), Ideagen (UK), EcoOnline (Ireland), ETQ (US), Dakota Software (US), ProcessMap, SafetyCulture (Australia), ProntoForms (Canada), Verisk 3E (US), Enhesa (US), SAP (Germany), IsoMetrix (South Africa), SHEQX (UK), Pro-Sapien (UK), SafeSite (US), and ComplianceQuest (US), among others.

Recent Development:

  • In 2021, VelocityEHS, the global leader in cloud-based environmental, health, safety (EHS), and sustainability software, today announced the launch of the VelocityEHS Accelerate® Platform. The VelocityEHS Accelerate Platform, designed to drive peak performance in the areas of health, safety, risk, environmental, social, and corporate governance (ESG), and operational excellence, is the starting point of an exciting journey that will change how EHS software delivers value to organizations that adopt it.
  • In 2021, Enablon and EY collaborated to offer an ESG management and reporting solution. The solution, which is based on Enablon technology, provides a consolidated repository for tracking enterprises' environmental, social, and governance (ESG) data and strategies.

The global environmental health and safety market is segmented as follows:

By Component

  • Software
  • Services

By Deployment Mode

  • On-premises
  • Cloud

By  Vertical

  • Energy and Utilities
  • Chemicals and Materials
  • Healthcare
  • Construction and Engineering
  • Food and Beverage
  • Government and Defense
  • Others (Telecom and IT, Automotive, and Retail)

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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