Global Environmental Health and Safety Software Market Analysis and Forecast Report 2021-2026 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Environmental Health and Safety Software Market by Product, by Application, by End-User, and by Regions, Global and Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021-2026” report has been added to from ResearchAndMarkets.com offer.

The global Environmental Health and Safety Software Market is expected to be valued at around USD 6.4 Billion in 2020 and is projected to reach a value of around USD 9.1 Billion by 2026, at a CAGR of around 8.9 % between 2021 and 2026.

Environmental health and safety software or EHS software works as a data management tool that helps store and analyze information related to waste management, sustainability, occupational health and worker safety .

EHS services are primarily used by businesses to maintain regulatory compliance through tracking environmental performance metrics, providing comprehensive reporting capabilities, and tracking inventory. Companies also use the data collected by the EHS software to help with risk management analysis and define a particular strategy.

Companies use EHS software to reduce workplace risks, improve environmental performance through waste reduction, and ensure accountability for workplace events. In addition, the product is also used to improve activities relating to data collection and reporting. Environmental health and safety software is widely used in highly regulated industries where the level of compliance is very high.

Environmental health and safety software includes database driven enterprise software applications that cover data from different major areas of environment and waste management, occupational health and medical safety and industrial hygiene.

Easy access to employee software from anywhere to drive market trends

The software’s easy accessibility should help company employees use EHS services where and when they need them. The software also helps managers create a strong safety culture by making it easy for large numbers of employees to participate.

Additionally, EHS software provides a tool for a myriad of businesses to maintain the health and safety of their employees from potential workplace hazards. On top of that, it helps businesses comply with health and safety legislation. All these aspects are expected to drive the growth of the market over the forecast period.

Apart from this, companies are opting for environmental health and safety software to gain a strategic and competitive advantage over their business competitors. Nevertheless, pricing pressures and fierce competition from IIOT tool vendors may hamper the growth of the business during the forecast period. Additionally, the high costs of deploying EHS software will hamper the expansion of the industry during the forecast period.

Energy and Utilities will dominate the vertical segment by 2027 in terms of revenue

The growth of the segment over the forecast period is due to an increase in industrialization as well as construction events across the globe.

Large companies will mainly contribute to the overall market revenue share by 2027

The segmental growth over the forecast period is attributed to the increasing demand for the product by large companies to gain a competitive advantage over their business competitors.

North America will account for a significant share of the overall market revenue by 2027

The market growth in the region is attributed to the huge acceptance of EHS software across an array of end-use sectors like oil & gas and construction.

Main market players

Leading market players for the Global Environmental Health and Safety Software Market are

  • EHS speed

  • Enablon

  • Intelex

  • Cority

  • Gensuite

  • Sphere

  • World SAI

  • Quentic

  • UL

  • Alcumus

  • SHE Software

  • VisiumKMS

  • Idea

  • EcoOnline

  • AND Q

  • Dakota Software

  • ProcessMap

  • SecurityCulture

  • ProntoForms

  • Verisk 3E

  • Enhesa

  • SAP

  • IsoMetrix

For more information on this report, visit https://www.researchandmarkets.com/r/q1saga

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