Environment, Health, and Safety (EHS) Market Growth(CAGR of 8.6%), Outlook, Demand, Key Player Analysis and Opportunity 2023-2028

Environment, Health, and Safety (EHS) Market Outlook 2023:

IMARC Group's latest report, titled "Environment, Health, and Safety (EHS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global environment, health, and safety (EHS) market size reached US$ 72.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 121.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028.

What is Environment, Health, and Safety (EHS) Market Standards ? :

Environment, health, and safety (EHS) represents a department that ensures the work of an organization follows best practices, complies with applicable legislation, does not cause any environmental damage, puts the health and safety of workers at risk, etc. It generally aids in preventing and reducing accidents caused by exposure to carcinogens, ergonomic hazards, and fall from height and heavy machinery while improving the profit and productivity of the company. Consequently, environment, health, and safety finds wide-ranging applications in various industries, such as energy and utility, healthcare, construction, food and beverage (F&B), defense, etc., across the globe.

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Environment, Health, and Safety (EHS) Market Growth and Development:

The growing consumer concerns towards the increasing pollution levels are primarily driving the environment, health, and safety (EHS) market. Additionally, the implementation of several stringent regulations by government bodies across countries for the discharge of wastewater containing zinc, lead, mercury, etc., is further catalyzing the market growth. Besides this, the widespread adoption of EHS in wastewater treatment plants is acting as another significant growth-inducing factor. Moreover, the rising investments by small and medium-sized businesses in environment, health, and safety software are positively influencing the global market. Apart from this, the escalating demand for EHS solutions for testing and maintaining quality standards in the chemical industry and extensive R&D activities by key market players are also stimulating the market growth. Furthermore, the inflating need for the Internet of Things (IoT), data analytics, mobility, etc., in this department is anticipated to fuel the environment, health, and safety (EHS) market over the forecasted period.

Competitive Landscape with Key Players:

• Alcumus Group Limited
• Dakota Software Corporation
• Enhesa
• ETQ LLC (Hexagon AB)
• Intelex Technologies ULC (Industrial Scientific Corporation)
• ProcessMAP Corporation
• Pro-Sapien Software
• SafetyCulture Plus Pty Ltd
• SAP SE
• Sphera Solutions Inc
• UL LLC
• Verisk Analytics Inc

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Key Market Segmentation:

Breakup by Component:

• Software
• Services
o Analytics
o Project Deployment and Implementation
o Business Consulting and Advisory
o Audit, Assessment and Regulatory Compliance
o Certification
o Training and Support

Breakup by Deployment Type:

• On-premises
• Cloud-based

Breakup by Vertical:

• Energy and Utilities
• Chemicals and Materials
• Healthcare
• Construction and Engineering
• Food and Beverage
• Government and Defense
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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