Workplace Safety Industry is Expand at a CAGR of 11.8% to Reach US$ 39.0 Million by 2032

The global workplace safety market was valued at USD 12.8 million in 2022 and it is anticipated to grow further till USD 39.0 million by 2032, at a CAGR of 11.8% during the forecast period.

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People are protected from a variety of life-threatening situations on the job site by workplace safety systems. The systems for workplace safety are made to guard against a variety of ergonomic, chemical, physical, and biological dangers. Therefore, the demand for workplace safety solutions is increased by the growing worries about occupational safety. Significant market growth is driven by the high need for dependable safety solutions to ensure asset and personal security.

Market Driver and Trends:

The rise in investments by various government and private organisations in the market as well as the adoption of the rising prevalence of workplace injuries and fatalities are the main factors driving the growth of the workplace safety industry. In addition, throughout the projected period, new trends like the introduction of smart PPE are anticipated to offer profitable prospects for market expansion.

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COVID-19 Impact:

Solutions and services for workplace and worker safety have been accelerated by the global COVID-19 epidemic. To protect employers from coronavirus, businesses and corporate offices are increasingly looking for workplace safety solutions. The need for various workplace safety solutions, such as asset monitoring, employee tracking, and vehicle proximity-alert safety systems, has surged as a result of the government's preventive actions (VPASS). Therefore, the Covid-19 pandemic would probably have a favourable effect on the market for workplace safety systems.

Global Workplace Safety Market Segmentation:

By Component
• Solution
• Services

By Type
• Personal Safety
• Public Safety
• Machinery & Equipment Safety

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By Industry
• Construction
• Manufacturing
• Chemicals
• Pharmaceuticals
• Oil & Gas
• Food & Beverages
• Energy & Utilities

Major Players in the Global Workplace Safety Market:

The key players studied in the report are Cegid Group, Celerant Technology, Clover Network, Inc., EPOS Now (ePOS Inc.), ERPLY, Future POS, Lightspeed POS Inc., NCR Corporation, Oracle Corporation, PAR Technology, Phorest Salon Software, Revel Systems, Inc., Shopify, Shopkeep, Inc., Square, Inc., Toast, Inc., TouchBistro, Inc., Upserve, Inc., and Vend Limited among others.

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This release was published on openPR.