Energy and utilities Segment is Expected to Dominate the Global Environment Health and Safety Market
According to
TechSci Research report, “Global Environment Health
and Safety Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”. Global Environment
Health and Safety is anticipated to project robust growth in the forecast
period with a CAGR of 6.73% through 2028. EHS solutions help organizations
safeguard the health and safety of their workers and the environment.
Government authorities such as the Occupational Health and Safety
Administration (OSHA), the Environmental Protection Agency (EPA), the
Department of Justice (DOJ), and state agencies require organizations to follow
certain workforce safety and environmental regulations and standards.
Regulatory authorities exert economic pressure on organizations for
optimizing their business processes and making them environment friendly. Due
to high scrutiny and stringent regulations, the management teams are forced to
deploy environment, health, and safety software solutions in the workplace to
reduce the occurrence of incidents at workplace. Enterprises need to adhere to the
major industry standards, such as Environmental Compliance Certificate (ECC),
Occupational Safety and Health Administration (OSHA), and Food and Drug
Administration (FDA). Regulatory compliance plays a major role in encouraging
companies to maintain industry standards and mandates for all business
processes. Every organization or workplace is associated with some or the other
form of risks, where the nature and intensity of the harm caused due to the
accidents vary according to the nature of the industry. The implementation of
EHS software across verticals is being proactively mandated by the governing
bodies and regional federal agencies to adhere to environmental and
occupational safety standards.
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Figures spread through 188 Pages and an in-depth TOC on " Global Environment Healthand Safety Market.”
Based on Vertical, Energy and
utilities segment is expected to hold the largest share of Environment Health
and Safety market during the forecast period, The energy and utilities vertical
has observed the significant adoption of environment, health, and safety
software solutions due to the rising awareness regarding the EHS laws,
regulations, and standards. In the past, occupational health risks were calculated
in terms of immediate accidents, especially fatality rates. Today, the emphasis
has increased on delayed effects of exposure to cancer-inducing substances and
radiation leading to higher adoption in energy and utilities.
Based on Region, North
America will dominate the market, North America comprises the US and Canada.
The US and Canada have sustainable and well-established economies, which
empower them to invest strongly in R&D activities, contributing to
developing new technologies. The major reason behind the strong development of
the EHS market can be attributed to the stringent rules and regulations
followed by the US and Canada governments. The EHS department of the US is
responsible for the development and implementation of safety programs intended
to protect the safety and well-being of federal, state, and local occupational
safety and health and environmental regulations. The EHS department manages
chemical safety, occupational safety, biosafety, industrial hygiene, hazardous
waste, asbestos, radon, and indoor air quality programs. North America,
particularly the United States and Canada, has been a significant market for
EHS software. The region has stringent environmental and occupational health
and safety regulations, driving the adoption of EHS software solutions.
Additionally, industries such as manufacturing, energy, and healthcare in North
America have been early adopters of EHS software to manage compliance, safety,
and risk mitigation.
Moreover, the region has a
strong foothold of EHS software vendors contributing positively to the market's
growth. Some vendors based out of North America include Intelex Technologies
Inc., VelocityEHS, Sai Global Pty Limited, Dakota Software Corporation, and
Gensuite.
Key market players in the Global
Environment Health and Safety Market are following: -
- VelocityEHS
- Wolters Kluwer
- Intelex Technologies
- Cority Software Inc.
- Benchmark ESG
- Sphera
- Intertek
- Quentic GmbH
- UL Solutions
- Alcumusway
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“The Global
Environment, Health, and Safety (EHS) market is propelled by several key
drivers. Stringent regulatory requirements worldwide mandate organizations to
adopt EHS solutions for compliance, fostering a culture of risk management. The
integration of advanced technologies such as artificial intelligence and IoT
enhances EHS capabilities, offering real-time monitoring and predictive
analytics. Corporate social responsibility and sustainability initiatives drive
the adoption of EHS practices, aligning businesses with environmental goals.
The digital transformation in EHS, leveraging cloud platforms and mobile
applications, streamlines data management and facilitates agile
decision-making. Increasing awareness of the interconnectedness between
occupational health, well-being, and organizational success further motivates
companies to invest in comprehensive EHS strategies, emphasizing a holistic
approach to employee safety and satisfaction. As these drivers continue to
shape the EHS landscape, the market evolves to meet the dynamic needs of
organizations striving for sustainability, compliance, and operational
excellence.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
Environment Health and
Safety Market – Global Industry Size, Share, Trends, Opportunity, and Forecast
Segmented by Component (Software and Services (Project Deployment and
Implementation Services, Audit, Assessment and Regulatory Compliance)),
Deployment Mode (Cloud, On premises), Vertical (Oil and Gas, Energy and
Utilities, Healthcare and Life Sciences, Construction and Manufacturing Chemicals), By Region, By Competition
2018-2028 has evaluated the future growth potential of Global Environment
Health and Safety Market and provides statistics and information on market
structure, size, share, and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities present in the Global
Environment Health and Safety Market.
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