Overview and Scope
Environment health and safety (EHS) is a multidisciplinary field that focuses on safeguarding human health, promoting workplace safety, and ensuring environmental protection within various settings, including workplaces, communities, and natural habitats. It involves assessing, managing, and mitigating risks associated with environmental hazards, occupational health hazards, and safety hazards to prevent accidents, injuries, illnesses, and environmental degradation.
Sizing and Forecast
The environment health and safety market size has grown rapidly in recent years. It will grow from $7.74 billion in 2023 to $8.55 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to the popularity of environmental health and safety mobile applications, the presence of strict rules and regulations, growing awareness of environmental health and safety, industries to reduce waste and improve process efficiency, and increasing number of employee safety regulations.
The environment health and safety market size is expected to see rapid growth in the next few years. It will grow to $12.95 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to rising government regulations for environmental protection, increasing number of businesses, increasing investments from industries in EHS IT software to comply with OSHA and EPA regulations, and increased waste reduction targets. Major trends in the forecast period include advanced research and development centers, technological advancement, innovations, low carbon emission policies.
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Segmentation & Regional Insights
The environment health and safety market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Application: Medical And Pharmaceutical Waste Management, Industrial Waste Management, Wastewater Management, Other Applications
4) By Vertical: Energy And Utilities, Chemicals And Materials, Healthcare, Construction And Engineering, Food And Beverage, Government And Defense, Manufacturing, Other Verticals
North America was the largest region in the environment health and safety market in 2023. Europe is expected to be the fastest growing region in the market. The regions covered in the environment health and safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increased waste reduction targets are expected to propel the growth of the environmental health and safety market going forward. A waste reduction target is a specific goal set by individuals, organizations, or governments to reduce the amount of waste generated, disposed of, or sent to landfills within a defined timeframe. The increased need for waste reduction targets is due to a growing global awareness of the urgent need to combat environmental degradation and transition towards a more sustainable and circular economy. Waste reduction targets incorporate ecological health and safety considerations to mitigate pollution, minimize hazardous waste generation, and safeguard ecosystems and human well-being, promoting sustainable waste management practices. For instance, in September 2021, the United States Environmental Protection Agency (EPA), a US-based government agency, set a goal to reduce food loss and waste by 50% by 2030 to 164 pounds per person, focusing on preventing food waste generation and keeping food in the human supply chain. Therefore, increased waste reduction targets the growth of the environmental health and safety market.
Key Industry Players
Major companies operating in the environment health and safety market are Microsoft Corporation, International Business Machines Corporation, Honeywell International Inc., SAP SE, Salesforce Inc., NEC Corporation, Ball Corporation, Jacobs Engineering Group Inc., AECOM Inc., ERM Group Inc., Blackstone Inc., SGS SA, Wolters Kluwer N.V., John Wood Group PLC, Hexagon AB, TETRA Technologies Inc., UL Solutions Inc., RPS Group plc, Valsoft Corporation Inc., Alcumus HSE Limited, Ideagen plc, Intelex Technologies Inc., Quentic GmbH, Cority Software Inc., Benchmark ESG, Evotix Limited.
The environment health and safety market report table of contents includes:
1. Executive Summary
2. Environment Health And Safety Market Characteristics
3. Environment Health And Safety Market Trends And Strategies
4. Environment Health And Safety Market – Macro Economic Scenario
5. Global Environment Health And Safety Market Size and Growth
….
32. Global Environment Health And Safety Market Competitive Benchmarking
33. Global Environment Health And Safety Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Environment Health And Safety Market
35. Environment Health And Safety Market Future Outlook and Potential Analysis
36. Appendix
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