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Environment Health And Safety Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
What Is the Forecasted Market Size and Growth Rate for the Environment Health And Safety Market?The environmental health and safety market has grown rapidly in recent years. It is expected to expand from $8.55 billion in 2024 to $9.51 billion in 2025, at a CAGR of 11.2%. Growth factors include the increasing use of environmental health and safety mobile apps, stricter regulations, growing awareness about environmental health and safety, efforts by industries to reduce waste and improve process efficiency, and the rising number of employee safety regulations.
The environment health and safety (EHS) market is projected to grow to $14.35 billion by 2029, at a CAGR of 10.8%. This growth is attributed to rising government regulations, the increasing number of businesses, investments in EHS software to comply with OSHA and EPA regulations, and waste reduction targets. Key trends include advancements in research and development, technological innovations, and low carbon emission policies.
What Factors Are Propelling the Expansion of the Environment Health And Safety Market?
The heightened focus on waste reduction targets is expected to spur the growth of the environmental health and safety market. Waste reduction targets are specific goals set by individuals, organizations, or governments to reduce waste generation and disposal. The growing awareness of environmental degradation and the shift toward a sustainable economy have increased the need for waste reduction initiatives. Waste reduction targets aim to mitigate pollution, minimize hazardous waste, and protect ecosystems and human health. For instance, in September 2024, the UK's gov.uk reported that in 2022, the UK sent 6.3 million tons of biodegradable municipal waste to landfills, with England accounting for 81% of that total. England alone contributed 5.1 million tons. Thus, heightened waste reduction targets are driving the environmental health and safety market.
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Which Businesses Are at the Forefront of Environment Health And Safety Market Development?
Major companies operating in the environment health and safety market are Microsoft Corporation, International Business Machines Corporation, Honeywell International Inc., SAP SE, Salesforce Inc., NEC Corporation, Ball Corporation, Jacobs Engineering Group Inc., AECOM Inc., ERM Group Inc., Blackstone Inc., SGS SA, Wolters Kluwer N.V., John Wood Group PLC, Hexagon AB, TETRA Technologies Inc., UL Solutions Inc., RPS Group plc, Valsoft Corporation Inc., Alcumus HSE Limited, Ideagen plc, Intelex Technologies Inc., Quentic GmbH, Cority Software Inc., Benchmark ESG, Evotix Limited.
What Are the Latest Innovations in the Environment Health And Safety Market?
Prominent companies in the environment health and safety (EHS) market are focusing on advanced cloud-based solutions like SAP S/4HANA Cloud private editions to help businesses transform their EHS processes and foster sustainable growth. The SAP S/4HANA Cloud Private Edition is a customizable solution that offers flexibility in deployment. In 2023, SAP SE, a Germany-based software company, launched a new version of this solution to simplify EHS processes, enabling organizations to identify and mitigate risks, assess hazards, and monitor safety controls while enhancing automation and transparency for sustainable growth.
How Is the Environment Health And Safety Market Segmented?
The environment health and safety market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Application: Medical And Pharmaceutical Waste Management, Industrial Waste Management, Wastewater Management, Other Applications
4) By Vertical: Energy And Utilities, Chemicals And Materials, Healthcare, Construction And Engineering, Food And Beverage, Government And Defense, Manufacturing, Other Verticals
Subsegments:
1) By Software: Environmental Management Software (Ems), Health And Safety Management Software (Hsms), Risk Management Software, Compliance Management Software, Incident Management Software, Environmental, Health, And Safety (Ehs) Analytics Software, Audit And Inspection Management Software, Occupational Health Management Software, Sustainability Reporting Software, Energy Management Software, Document Management Software For Ehs, Safety Training And Learning Management Systems (Lms)
2) By Services: Consulting Services, Implementation And Integration Services, Training And Education Services, Audit And Inspection Services, Risk Assessment And Compliance Services, Managed Services, Environmental Impact Assessment (Eia) Services, Safety And Risk Management Services, Occupational Health And Wellness Services, Incident Investigation And Reporting Services, Ehs Compliance And Regulatory Advisory Services, Outsourced Environmental Monitoring Services
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Where Is the Environment Health And Safety Market Growth Most Prominent?
North America was the largest region in the environment health and safety market in 2024. Europe is expected to be the fastest growing region in the market. The regions covered in the environment health and safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Environment Health And Safety Global Market Report?
- Market Size Analysis: Analyze the Environment Health And Safety Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Environment Health And Safety Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Environment Health And Safety Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Environment Health And Safety Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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