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Growing EHS Regulations and Standards Facilitating EHS Market’s Growth at 12.0% CAGR from 2024

01-11-2017 07:28 AM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Growing EHS Regulations and Standards Facilitating EHS

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 has been affected greatly. Yet there has been a significant imposition of regulations that has collectively increased the spending on improved information management systems. The global EHS market is expected to expand at a CAGR of 12.0% from 2016 to 2024, reaching US$ 8,315.1.0 Mn by 2024.

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. The different types of software solutions associated with EHS include quality and risk assessment software, data analytics software, cost management software, environmental compliance software, energy and carbon management software, and others. The EHS service segmentation includes consulting services, project management, analytics, training, implementation, auditing, and certification. Key end-use industries implementing EHS software and services covered in this report are chemical & petrochemical, energy & mining, construction, agriculture, transportation, manufacturing, government & public sThe 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. The different types of software solutions associated with EHS include quality and risk assessment software, data analytics software, cost management software, environmental compliance software, energy and carbon management software, and others.

The EHS service segmentation includes consulting services, project management, analytics, training, implementation, auditing, and certification. Key end-use industries implementing EHS software and services covered in this report are chemical & petrochemical, energy & mining, construction, agriculture, transportation, manufacturing, government & public sector, retail, healthcare and others. Based on geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.ector, retail, healthcare and others. Based on geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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