Global Environmental Health and Safety (EHS) Market was valued at USD 4,729.3 Million in 2019 and is projected to reach USD 11,500.5 Million by 2027, growing at a CAGR of 11.7% from 2019 to 2027.
The EHS market is expected to witness significant growth in the near future, especially in developing economies. Adoption of EHS in SMBs was low in the early years due to the high cost of environmental compliance software.
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Thus, to comply with EHS standards and regulations, several federal agencies have been operational in developing economies to ensure the implementation of EHS. Additionally, these agencies have introduced cost-effective solutions to comply with EHS standards primarily for SMEs and cost-sensitive economies. The major driving factors for the EHS market are the multiple statutory and statutory requirements to maintain EHS safety standards. This is expected to result in significant growth potential in the market across all regions over the forecast period.
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Environmental Health and Safety (EHS) Market – Definition
The environmental health and safety market report provides an analysis of the global environmental health and safety market for the period 2017-2027, with 2018 being the base year and 2019 to 2027 the forecast period. Data from 2017 has been included as historical information.
The environmental health and safety market study would help clients understand the analysis of environmental health and safety based on different verticals.
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Environmental Health and Safety (EHS) Market Taxonomy
The EHS market is segmented on the basis of components, end-use industry, and geography. Components segment can be subdivided based on software solutions and services offered. The different types of software solutions associated with EHS include quality and risk assessment software, data analysis software, cost management software, environmental compliance software, energy and carbon, etc. The EHS services segmentation includes consulting services, project management, analysis, training, implementation, auditing and certification. The major end-use industries implementing EHS Software and Services covered in this report are Chemical & Petrochemical, Power & Mining, Construction, Agriculture, Transportation, Manufacturing, Government and public sector, retail, healthcare and others.
Based on geography, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America has recorded the maximum implementation of EHS in terms of software and services, and the region is expected to dominate the EHS market. This high growth rate is expected due to the development of end-use industry infrastructure in the United States. Additionally, the growing awareness in terms of compliance with environmental regulations has further strengthened the EHS market in North America.
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Environmental Health and Safety (EHS) Market – Company Profiles
Some of the key players in the global environmental health and safety (EHS) market are
IHS Inc., 3E Company, International Finance Corporation, Enablon North America Corporation, SAP SE, UL LLC and Medgate Inc.
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