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Environment, Health, and Safety Market by Offering (Software and Services (Analytics, Project Deployment and Implementation, Audit, Assessment, and Regulatory Compliance, Certification)), Application, Vertical & Region - Global Forecast to 2029

Publisher MarketsandMarkets
Published Apr 04, 2024
Length 254 Pages
SKU # MKMK18686752

Description

Environment, Health, and Safety Market by Offering (Software and Services (Analytics, Project Deployment and Implementation, Audit, Assessment, and Regulatory Compliance, Certification)), Application, Vertical & Region - Global Forecast to 2029



The environment, health, and safety market is estimated to be USD 7.9 billion to USD 11.5 billion at a CAGR of 7.6% from 2024 to 2029. Deploying EHS software solutions using mobile and cloud technologies has helped several organizations meet complex EHS challenges. These mobile and cloud solutions offer enterprises the pay-as-you-go service model, which allows enterprises to optimize cost and budgetary compliances. Therefore, the increasing adoption of cloud-based platforms drives the growth of the EHS market globally.

“The energy and utilities vertical segment will contribute the largest market share in the environment, health, and safety market during the forecast period.”

The energy and utilities sector has observed a notable uptake in EHS software solutions due to evolving laws, regulations, and standards. These solutions ensure compliance with rules, mitigating operational risks and accurately reporting air emissions from energy system processes. Given the inherent hazards associated with energy production, transmission, and distribution, companies in this vertical prioritize safety measures, regulatory adherence, and environmental responsibility. EHS initiatives encompass a range of activities, including safety training, hazard identification, environmental monitoring, emergency readiness, and community engagement. From power plants and oil and gas facilities to utility maintenance operations, EHS programs aim to prevent accidents, minimize environmental impact, and foster a safety and sustainability culture.

""Asia Pacific will register the highest growth rate during the forecast period.”

The Asia Pacific region is set to undergo significant growth opportunities in the coming years, with countries like India, China, Australia, and New Zealand expected to experience high growth rates. As countries in Asia Pacific continue to undergo rapid industrialization and urbanization, there is a growing recognition of the importance of ensuring the health, safety, and well-being of workers and the surrounding environment. This heightened awareness is driving governments and regulatory bodies to introduce and enforce stricter workplace safety regulations and environmental standards. Governments across the Asia Pacific are implementing stricter environmental and safety regulations. Some examples include China's revised law on Chemical Classification and Labeling and India's amendments to its Hazardous Waste Management Rules (2016). Companies must comply with these regulations to avoid penalties and operational disruptions, driving investment in EHS solutions and practices.

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%

By Designation: C-level –35%, D-level – 25%, and Managers – 40%

By Region: North America – 40%, Europe – 20%, Asia Pacific – 30%, Middle East & Africa- 5%, and Latin America- 5%.

The major players in the environment, health, and safety market are VelocityEHS (US), Wolters Kluwer (Netherlands), Intelex Technologies (Canada), Benchmark ESG (US), Cority Software Inc. (Canada), Sphera (US), Intertek (UK), Quentic (Germany), UL Solutions (US), Ideagen (UK), SAP (Germany), IBM (US), Evotix (UK), EcoOnline (Norway), Diligent Corporation (US), ETQ (US), 3E (US), Dakota Software Corporation (US), IsoMetrix (US), Enhesa (US), VisiumKMS (US), SafetyCulture (Australia), TextContext (Canada), ComplianceQuest (US), Pro-Sapien (UK), SHEQX (Australia), CMO Software (UK), Indus Environmental Services (India), Inicia (Japan), ASK-EHS Engineering (India), SHE Group (South Africa), and EHS Brazil (Brazil). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, product enhancements, and acquisitions to expand their environmental, health, and safety footprint.

Research Coverage

The market study covers the environment, health, and safety market size across different segments. It aims to estimate the market size and the growth potential across various segments, including offering (software and services (Analytics, Project Deployment and Implementation, Audit, Assessment, Regulatory Compliance, Certification)), applications, verticals, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the global environment, health, and safety market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (increase in government initiatives to follow workforce safety and environmental regulations and standards, a digitally connected workforce with connected wearables for safe operations to improve EHS management, the proliferation of software-as-a-service deployment model, and growing recognition of EHS as a strategic business imperative.), restraints (High cost associated with EHS software solutions, lack of qualified EHS professionals, data Silos & Information Gaps), opportunities (Increase in government initiatives for low carbon emission policies, technological innovations to help various industries achieve worker engagement and adopt quality programs, modernization of industry infrastructure for low carbon emissions) and challenges (Technological integration and data management, poor regulatory frameworks in emerging economies, lack of skills and end-to-end solutions) influencing the growth of the environment, health, and safety market. Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product and service launches in the environment, health, and safety market. Market Development: Comprehensive information about lucrative markets – the report analyses various regions' environment, health, and safety markets. Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the environment, health, and safety market. Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like VelocityEHS (US), Wolters Kluwer (Netherlands), Intelex Technologies (Canada), Benchmark ESG (US), Cority Software Inc. (Canada), Sphera (US), Intertek (UK), Quentic (Germany), UL Solutions (US), Ideagen (UK), SAP (Germany), IBM (US), Evotix (UK), EcoOnline (Norway), Diligent Corporation (US).

Table of Contents

254 Pages
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
    • YEARS CONSIDERED
    • CURRENCY CONSIDERED
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
    • RESEARCH DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RISK ASSESSMENT
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
    • IMPLICATION OF RECESSION ON ENVIRONMENT, HEALTH, AND SAFETY MARKET
  • EXECUTIVE SUMMARY
    • ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENVIRONMENT, HEALTH, AND SAFETY MARKET
    • ENVIRONMENT, HEALTH, AND SAFETY MARKET, BY KEY SEGMENT
    • ENVIRONMENT, HEALTH, AND SAFETY MARKET, BY SERVICE TYPE
    • ENVIRONMENT, HEALTH, AND SAFETY MARKET, BY VERTICAL
    • NORTH AMERICA: ENVIRONMENT, HEALTH, AND SAFETY MARKET, BY OFFERING AND KEY VERTICAL
    • INTRODUCTION
    • MARKET DYNAMICS
    • ENVIRONMENT, HEALTH, AND SAFETY MARKET: BRIEF HISTORY
    • VALUE CHAIN ANALYSIS
    • ECOSYSTEM
    • CASE STUDIES
    • PORTER'S FIVE FORCES MODEL
    • PATENT ANALYSIS
    • DISRUPTIONS IMPACTING BUYERS/CLIENTS IN ENVIRONMENT, HEALTH, AND SAFETY MARKET
    • PRICING ANALYSIS
    • KEY STAKEHOLDERS AND BUYING CRITERIA
    • TECHNOLOGY ANALYSIS
    • TARIFF AND REGULATORY LANDSCAPE
    • REGULATORY LANDSCAPE
    • KEY CONFERENCES & EVENTS
    • TECHNOLOGY ROADMAP FOR ENVIRONMENT, HEALTH, AND SAFETY MARKET
    • BEST PRACTICES IN ENVIRONMENT, HEALTH, AND SAFETY MARKET
    • CURRENT AND EMERGING BUSINESS MODELS
    • TOOLS, FRAMEWORKS, AND TECHNIQUES USED IN ENVIRONMENT, HEALTH, AND SAFETY MARKET
    • HS CODES: ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS OR FOR MAKING CONNECTIONS TO OR IN ELECTRICAL CIRCUITS (8535)
    • INVESTMENT AND FUNDING SCENARIO
    • INTRODUCTION
    • SOFTWARE
    • SERVICES
    • INTRODUCTION
    • HEALTH & SAFETY MANAGEMENT
    • ENVIRONMENTAL & SUSTAINABILITY MANAGEMENT
    • WASTE MANAGEMENT
    • ENERGY & WATER MANAGEMENT
    • AIR QUALITY & COMPLIANCE MANAGEMENT
    • INCIDENT & RISK MANAGEMENT
    • OTHER APPLICATIONS
    • INTRODUCTION
    • ENERGY & UTILITIES
    • CHEMICALS & MATERIALS
    • HEALTHCARE & LIFE SCIENCES
    • CONSTRUCTION & ENGINEERING
    • FOOD & BEVERAGE
    • GOVERNMENT & DEFENSE
    • OTHER VERTICALS
    • INTRODUCTION
    • NORTH AMERICA
    • EUROPE
    • ASIA PACIFIC
    • MIDDLE EAST & AFRICA
    • LATIN AMERICA
    • OVERVIEW
    • KEY PLAYER STRATEGIES/RIGHT TO WIN
    • REVENUE ANALYSIS
    • MARKET SHARE ANALYSIS
    • COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    • COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    • COMPETITIVE SCENARIO
    • BRAND/PRODUCT COMPARISON
    • COMPANY VALUATION AND FINANCIAL METRICS
    • MAJOR PLAYERS
    • STARTUPS/SMES
    • INTRODUCTION
    • GREEN TECHNOLOGY AND SUSTAINABILITY MARKET
    • CARBON FOOTPRINT MANAGEMENT MARKET
    • DISCUSSION GUIDE
    • KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • CUSTOMIZATION OPTIONS
    • RELATED REPORTS
    • AUTHOR DETAILS
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