Press release
Environmental Health And Safety (EHS) Software Market Set to Reach $11.26 Billion by 2029 with 8.2% Yearly Growth
Environmental Health And Safety EHS Software
The upward trajectory of corporate social responsibility (CSR) projects is set to bolster the expansion of the environmental health and safety (EHS) software market. CSR initiatives are purposeful measures and schemes that firms implement within their CSR strategy to be accountable for their societal impact beyond just profit optimization. The frequency of CSR tasks is on the rise for several factors such as improved reputation, risk regulation, customer hope, investor pull, and innovation and augmentation. EHS software bolsters CSR efforts by enabling businesses to monitor sustainability endeavors, maintain compliance with environment-oriented regulations, and foster a safer, more moral working atmosphere. For example, in a survey conducted by Virgin Pulse, a US-based comprehensive employee wellness platform, on 612 participants in January 2024, participation in wellbeing schemes skyrocketed by 67% compared to 2022, underlining substantial growth in employee contribution. Consequently, the growing number of CSR endeavors is propelling the expansion of the EHS software market.
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What growth opportunities are expected to drive the environmental health and safety (ehs) software market's CAGR through 2034?
In recent times, the market size for Environmental Health and Safety (EHS) software has seen substantial growth. The market value is set to escalate from $7.56 billion in 2024 to $8.21 billion in 2025, registering a Compound Annual Growth Rate (CAGR) of 8.5%. The growth observed in the historic period is due to factors such as growing data management needs, heightened awareness about workplace safety, burgeoning environmental concerns, increased demand for compliance management, and heightened mobile accessibility.
The market for environmental health and safety (EHS) software is predicted to experience notable expansion in the upcoming years, ballooning to a worth of $11.26 billion by 2029, with a compound annual growth rate (CAGR) of 8.2%. This growth across the forecasted timeline can be linked to factors such as increased adoption of cloud computing, uptick in corporate sustainability efforts, a surge in workplace incidents, expansion in the automation of compliance procedures, and rising ecological worries. Key trends projected for this period encompass technological progress, amalgamation with IoT devices, the utilization of data analytics, the increased uptake of cloud-based solutions, and the application of machine learning.
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What are the emerging trends shaping the future of the environmental health and safety (ehs) software market?
Leading companies in the environmental health and safety (EHS) software market are shifting their focus towards creating cutting-edge technologies, like EHS solutions. These solutions aim to monitor and control workplace accidents. EHS solutions symbolize a thorough framework and practices devised to manage environmental, health, and safety (EHS) elements within organizations. For example, in February 2023, Health & Safety Institute (HSI) Inc., a software company from the US, introduced EHS Essentials to cater to the growing demand for all-inclusive and cost-effective environmental, health, and safety (EHS) solutions. The EHS Essentials is designed to simplify workplace safety and compliance by providing a unified platform that eases the management of incidents, audits, inspections, and OSHA compliance. This revolutionary solution assists organizations in switching from manual systems to digital ones, enhancing efficiency and promising improved management of their EHS obligations.
Which growth-oriented segments of the environmental health and safety (ehs) software market are leading the industry's development?
The environmental health and safety (EHS) software market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment Model: Cloud, On-Premises
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-User Vertical: Oil And Gas, Energy And Utilities, Healthcare And Life Sciences, Construction And Manufacturing, Chemicals, Mining And Metals, Food And Beverages, Other End-User Verticals
Subsegments:
1) By Solution: EHS Management Software, Incident Management Software, Compliance Management Software, Risk Management Software, Audit Management Software, Training Management Software, Environmental Management Software, Chemical Management Software, Safety Data Sheet (SDS) Management Software, Mobile EHS Solutions
2) By Services: Consulting Services, Implementation Services, Training and Support Services, Maintenance and Upgrade Services, Integration Services, Data Analysis Services
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What regions are leading the charge in the environmental health and safety (ehs) software market?
North America was the largest region in the environmental health and safety (EHS) software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental health and safety (EHS) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the environmental health and safety (ehs) software market?
Major companies operating in the environmental health and safety (EHS) software market are International Business Machines Corporation, Honeywell International Inc., SAP SE, Wolters Kluwer N.V., Drägerwerk AG & Co. KGaA, Tetra Tech Inc., UL Solutions Inc., Ramboll Group A/S, Diligent Corporation, Sphera Solutions Inc., Health & Safety Institute Inc., Cority Software Inc., SafetyCulture Pty Ltd., Benchmark ESG, Verisk 3E, Intelex Technologies Inc., Quentic GmbH, EcoOnline AS, iPoint-systems GmbH, Omnigo Software LLC, Dakota Software Corporation, Nimonik Inc., eCompliance Management Solutions Inc.
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What Is Covered In The Environmental Health And Safety (EHS) Software Global Market Report?
•Market Size Forecast: Examine the environmental health and safety (ehs) software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the environmental health and safety (ehs) software market for a structured understanding.
•Key Players Overview: Analyze major players in the environmental health and safety (ehs) software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the environmental health and safety (ehs) software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the environmental health and safety (ehs) software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the environmental health and safety (ehs) software market.
•Industry Challenges: Identify potential risks and obstacles affecting the environmental health and safety (ehs) software market.
•Competitive Landscape: Review strategic developments in the environmental health and safety (ehs) software market, including expansions, agreements, and new product launches.
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Growing EHS Regulations and Standards Facilitating EHS Market’s Growth at 12.0 …
Environmental health & safety tools are primarily used by companies to adhere with the environmental regulations and norms concerned with occupational and environmental health & safety.
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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…
