The environmental health and safety (ehs) software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Environmental Health And Safety (EHS) Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The environmental health and safety (EHS) software market size has grown strongly in recent years. It will grow from $6.99 billion in 2023 to $7.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increasing data management requirements, a rise in workplace safety awareness, growing environmental concerns, the need for compliance management, and increased mobile accessibility.
The environmental health and safety (EHS) software market size is expected to see strong growth in the next few years. It will grow to $10.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to the rise in adoption of cloud-based solutions, rise in corporate social responsibility initiatives, increasing number of workplace accidents, rise in automation of compliance processes, and rise in environmental concerns. Major trends in the forecast period include technological advancements, integration with IoT devices, data analytics, adoption of cloud-based solutions, and machine learning.
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Scope Of Environmental Health And Safety (EHS) Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Environmental Health And Safety (EHS) Software Market Overview
Market Drivers –
The increasing number of corporate social responsibility (CSR) initiatives is expected to propel the growth of the environmental health and safety (EHS) software market going forward. Corporate social responsibility (CSR) initiatives refer to specific actions and programs that companies undertake as part of their CSR strategy to take responsibility for their impact on society beyond just maximizing profits. The number of corporate social responsibility (CSR) initiatives is increasing due to several reasons, such as enhanced reputation, risk management, consumer expectations, investor attraction, and innovation and improvement. Environmental health and safety (EHS) software supports corporate social responsibility (CSR) initiatives by helping companies track sustainability efforts, ensure compliance with environmental regulations, and promote a safer, more ethical workplace. For instance, in January 2024, according to the survey conducted on 612 participants by Virgin Pulse, a US-based comprehensive employee wellness platform, participation in wellbeing programs rose by 67% compared to 2022, highlighting significant growth in employee engagement. Therefore, the increasing number of corporate social responsibility (CSR) initiatives is driving the growth of the environmental health and safety (EHS) software market.
Market Trends –
Major companies operating in the environmental health and safety (EHS) software market are focusing on developing advanced technologies, such as EHS solutions to track and manage workplace incidents. EHS solutions refer to a comprehensive framework and set of practices aimed at managing environmental, health, and safety (EHS) aspects within organizations. For instance, in February 2023, Health & Safety Institute (HSI) Inc., a US-based software company, launched EHS Essentials to address the increasing demand for comprehensive and cost-effective environmental, health, and safety (EHS) solutions. EHS Essentials is designed to streamline workplace safety and compliance by offering an all-in-one platform that simplifies the management of incidents, audits, inspections, and OSHA compliance. This innovative solution helps organizations transition from manual processes to digital systems, improving efficiency and ensuring better management of their EHS responsibilities.
The environmental health and safety (EHS) software market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Model: Cloud, On-Premises
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-User Vertical: Oil And Gas, Energy And Utilities, Healthcare And Life Sciences, Construction And Manufacturing, Chemicals, Mining And Metals, Food And Beverages, Other End-User Verticals
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Regional Insights –
North America was the largest region in the environmental health and safety (EHS) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental health and safety (EHS) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the environmental health and safety (EHS) software market are International Business Machines Corporation, Honeywell International Inc., SAP SE, Wolters Kluwer N.V., Drägerwerk AG & Co. KGaA, Tetra Tech Inc., UL Solutions Inc., Ramboll Group A/S, Diligent Corporation, Sphera Solutions Inc., Health & Safety Institute Inc., Cority Software Inc., SafetyCulture Pty Ltd., Benchmark ESG, Verisk 3E, Intelex Technologies Inc., Quentic GmbH, EcoOnline AS, iPoint-systems GmbH, Omnigo Software LLC, Dakota Software Corporation, Nimonik Inc., eCompliance Management Solutions Inc.
Table of Contents
1. Executive Summary
2. Environmental Health And Safety (EHS) Software Market Report Structure
3. Environmental Health And Safety (EHS) Software Market Trends And Strategies
4. Environmental Health And Safety (EHS) Software Market – Macro Economic Scenario
5. Environmental Health And Safety (EHS) Software Market Size And Growth
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27. Environmental Health And Safety (EHS) Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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