Global Environmental Health and Safety Software Market Size (2024 to 2029)
The Global Environmental Health and Safety Software market is predicted to reach USD 1.57 billion in 2024 and USD 2.55 billion by 2029, growing at a CAGR of 10.2% during the forecast period.
One of the major driving factors of the global Environmental Health and Safety Software market is the rising strict laws, regulations, guidelines, and processes related to the safety of the environment, which will also help the growth of the market in the coming years. The acceptance of international standards across emerging economies and the emergence of predictive analytics and IOT in the market are some other major driving factors of the Environmental Health and Safety Software market in terms of revenue rate that will continue in the next few years. Increasing business demand to enhance operational efficiency and stability and rapid increase in demand for EHS solutions and services are some of the major aspects that drive the growth of the market of Environmental Health and Safety software.
Data privacy issues and privacy concerns are some of the major restraints affecting the development of the global Environmental Health and Safety Software market. Another major limitation limiting the market's growth is the high price associated with the software.
Impact of COVID-19 on the global environmental health and safety software market:
Due to the unprecedented coronavirus outbreak, all the companies have suffered in terms of production and demand, supply chain and market disruption, and also financially. Most of the companies have halted their manufacturing units because of the strict government lockdown regulations imposed by the authorities in various developed and developing nations of the world. Almost all the companies have closed. Due to the financial crisis since March 2020, they have terminated some employees as they cannot pay salaries and are also facing severe financial problems due to the COVID-19 pandemic. Since all the countries have lifted the lockdown and given permission to the companies to restart their operations with strict rules and regulations, Major companies have restarted their production units, which in turn started the supply chain of their products and helped them recover from their financial crisis. In the Environmental Health and Safety Software market, companies related to the market expect to gain some profits in the upcoming two to three years due to rising strict laws, regulations, guidelines, and processes related to the safety of the environment.
GLOBAL ENVIRONMENTAL HEALTH AND SAFETY SOFTWARE MARKET REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
10.2% |
Segments Covered |
By Component, Services, Deployment Model, Vertical, and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
IsoMetrix (South Africa), Airsweb (England), Quentic (Germany), Sphera (US), Enviance (US), ETQ (US), UL (US), SAP (Germany), DNV GL (Norway), SAI Global (US), Verisk 3E (US), Enablon (France), VelocityEHS (US), Intelex (Canada), Gensuite (US), Cority (Canada), Dakota Software (US), ProcessMAP (US), SafetyCulture (Australia), ProntoForms (Canada), and Enhesa (US) and Others. |
This research report on the global Environmental Health and Safety Software Market has been segmented and sub-segmented by component, services, deployment mode, vertical, and region.
Global Environmental Health and Safety Software Market - By Component:
The environmental health and safety software market is mainly segmented into two types: solutions and services.
Global Environmental Health and Safety Software Market - By Services:
The market of Environmental Health and Safety Software is divided into analytics, project deployment and implementation, business consulting and advisory, audit, assessment, regulatory compliance, certification, training, and support.
Global Environmental Health and Safety Software Market - By Deployment Model:
The market for Environmental Health and Safety software is bifurcated into two types: cloud and on-premises. The on-premises segment holds the major share of the market as it enables the deployment of EHS solutions within company premises, helps customers maintain compliance needs, and monitors the security of deployed applications.
Global Environmental Health and Safety Software Market - By Vertical:
The Environmental Health and Safety software market is separated into energy and utilities, chemicals and materials, healthcare, construction and engineering, chemicals and material, food and beverages, government and defense, automotive, telecom, IT, and retail. Among these, the energy and utilities segment holds the dominant market share as it has witnessed the significant adoption of EHS solutions because of the evolving laws, regulations, and standards around the world.
Global Environmental Health and Safety Software Market - By Region:
Among these regions, North America holds the major share of the market for Environmental Health and Safety Software owing to its well-established infrastructure, which helps generate a huge demand for EHS solutions and increasing investments by the major key players in the United States and Canada. The North American region is also expected to hold the market's dominance during the outlook period.
Asia Pacific region holds the second largest share of the Environmental Health and Safety Software market due to the increasing demand for businesses to enhance operational efficiency and stability, especially in nations like India, China, Japan, Australia, etc.
Europe is expected to record an increase in this market during the forecast period owing to the rapid increase in the need for EHS solutions and services across the European nations.
KEY MARKET PARTICIPANTS:
The major companies operating in the global Environmental Health and Safety Software market include IsoMetrix (South Africa), Airsweb (England), Quentic (Germany), Sphera (US), Enviance (US), ETQ (US), UL (US), SAP (Germany), DNV GL (Norway), SAI Global (US), Verisk 3E (US), Enablon (France), VelocityEHS (US), Intelex (Canada), Gensuite (US), Cority (Canada), Dakota Software (US), ProcessMAP (US), SafetyCulture (Australia), ProntoForms (Canada), and Enhesa (US).
FAQ's
The increasing focus on workplace safety, stringent regulatory requirements, the need for efficient risk management, and growing awareness regarding environmental sustainability are key factors driving the adoption of EHS software globally.
Technological advancements such as artificial intelligence, Internet of Things (IoT), and cloud computing are revolutionizing EHS software by enabling real-time monitoring, predictive analytics, and remote access capabilities, thereby enhancing overall efficiency and compliance.
Integration complexities, data security concerns, resistance to change from traditional systems, and the high initial investment required for implementation are some of the key challenges faced by the EHS software market globally.
Emerging trends include the integration of EHS software with enterprise resource planning (ERP) systems, the rise of mobile applications for on-the-go monitoring and reporting, and the emphasis on sustainability and circular economy principles within EHS management practices.
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