Press Release

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.

Browse over xx market data 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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