Press release
Environment Health And Safety Market Expansion Continues, with Forecast Valuation of $14.35 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Environment Health And Safety Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Rapid expansion has been observed in the environment health and safety market in recent years. The market is projected to escalate from $8.55 billion in 2024 to $9.51 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. The historical growth rate is largely due to factors such as the widespread use of environmental health and safety mobile apps, stringent regulations and rules, heightened consciousness regarding environmental health and safety, industrial efforts to minimize waste and enhance process efficiency, and the growing number of regulations regarding employee safety.
Environment Health And Safety Market Size Forecast: What's the Projected Valuation by 2029?
The market size for environment health and safety is predicted to witness brisk expansion in the coming years, swelling to $14.35 billion by 2029 with a compound annual growth rate (CAGR) of 10.8%. The anticipated growth within the foresight timeframe is due to factors such as increasing governmental rules for environmental defence, an expanding scale of businesses, heightened industry investments in EHS IT software to adhere to OSHA and EPA guidelines, and escalated targets to reduce waste. Key trends identified for the forecast period include the evolution of advanced research and development centres, technological progress, innovative practices, and policies aimed at reducing carbon emissions.
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What Are the Drivers Transforming the Environment Health And Safety Market?
The advancement in aims to lessen waste production is predicted to fuel the expansion of the environment health and safety market. Waste reduction targets pertain to specific objectives set by individuals, organizations, or governments to lower the volume of waste produced, disposed of, or dumped in landfills within a particular period. The heightened need for these targets stems from a global recognition of the immediate necessity to tackle environmental deterioration and shift towards a more sustainable and circular economy. These targets incorporate ecological health and safety measures to ease pollution, reduce hazardous waste production, and protect ecosystems and human health, thereby supporting sustainable waste management practices. For example, data from the UK-based information website gov.uk revealed that in 2022, 6.3 million tons of biodegradable municipal waste were sent to landfill, with 81% of it attributed to England. England contributed 5.1 million tons to the total biodegradable waste that the UK sent to landfill that year. Consequently, the increase in waste reduction targets leads to the growth of the environment health and safety market.
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What Long-Term Trends Will Define the Future of the Environment Health And Safety Market?
Companies that are significant players in the environment health and safety market are concentrating on the introduction of enhanced cloud private editions, such as SAP S/4HANA Cloud private editions. These editions assist businesses in altering their EHS procedures and fostering sustainable expansion. SAP S/4HANA Cloud Private Edition is a cloud solution that can be customized according to a particular organization's unique requirements, offering adaptability in terms of cloud deployment. For example, in 2023, SAP SE - a software company based in Germany - introduced a new version, the SAP S/4HANA Cloud private edition. This new edition presents innovative features that simplify the environmental, health, and safety (EHS) processes. It allows organizations to pinpoint and lessen risks, evaluate hazards, employ preventive strategies, and supervise risk controls. This technology embodies automation, comprehensive system integration, and openness, aiding businesses in modifying their EHS procedures and attaining sustainable growth.
Which Segments in the Environment Health And Safety Market Offer the Most Profit Potential?
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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Which Firms Dominate the Environment Health And Safety Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Environment Health And Safety Market?
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.
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