Environmental Health & Safety Market - Implementation of EHS Tools has been Witnessing Prominent Growth

Environmental health & safety tools are primarily used by companies to adhere with the environmental regulations and norms concerned with occupational and environmental health & safety. Over the past four decades, a large number of EHS regulations has been implemented across major industrialized economies such as North America and Europe.

After the global financial crisis in 2008, implementation of robust and costly EHS monitoring tools has been affected greatly. Yet there has been a significant imposition of regulations that has collectively increased the spending on improved information management systems.

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The implementation of EHS tools has been witnessing prominent growth owing to a rise in corporate investment across EHS software platforms. Furthermore, multiple statutory and legal requirements to maintain EHS safety standards have surged the deployment of EHS across major industry verticals such as chemicals and petrochemicals, construction, and energy and mining.

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Moreover, continued industrial growth in developing economies such as China, India, South Africa, and the UAE is encouraging EHS adoption. This has significantly affected the market for EHS to exhibit growth across developing nations.

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The EHS market is segmented on the basis of components, end-use industry, and geography. The components segment can be further classified on the basis of software solutions and the services offered.

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