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Growing EHS Regulations and Standards Facilitating EHS Market’s Growth at 12.0% CAGR from 2016 to 2024

11-30-2017 11:18 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Environmental health & safety tools are primarily used by companies to adhere with the environmental regulations and norms concerned with occupational and environmental health & safety. 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.

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The implementation of EHS tools has been witnessing prominent growth owing to a rise in corporate investment across EHS software platforms. Furthermore, multiple statutory and legal requirements to maintain EHS safety standards have surged the deployment of EHS across major industry verticals such as chemicals and petrochemicals, construction, and energy and mining.

Moreover, continued industrial growth in developing economies such as China, India, South Africa, and the UAE is encouraging EHS adoption. This has significantly affected the market for EHS to exhibit growth across developing nations. However, there are certain restraints harnessing the EHS market’s growth, such as potentially costly solutions and services to comply with EHS regulations and the expenditures incurred in auditing for complex sites.

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.

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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.

North America recorded the greatest implementation of EHS in terms of software and services, and the region is expected to dominate the EHS market at the highest CAGR of 13.2% from 2016 to 2024. This high growth rate is anticipated due to the development of end-use industry infrastructure across the U.S.

environmental-health-safety-market

Market players profiled in the report are prominent players in the field of software development along with major non-profit and consulting organizations. They include IHS Inc., 3E Company, International Finance Corporation, Enablon North America Corporation, SAP SE, UL LLC, and Medgate Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Transparency Market Research
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Albany, NY 12207
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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According to a new market report published by Transparency Market Research entitled “Environmental Health & Safety (EHS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” the environmental health & safety (EHS) market was worth US$ 3,009.0 Mn in 2015 and is expected to reach US$ 8,315.1 Mn by 2024, expanding at a CAGR of 12.0% from 2016 to 2024. North America was the largest
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Growing EHS Regulations and Standards Facilitating EHS Market’s Growth at 12.0 …
According to a new market report published by Transparency Market Research entitled “Environmental Health & Safety (EHS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” the environmental health & safety (EHS) market was worth US$ 3,009.0 Mn in 2015 and is expected to reach US$ 8,315.1 Mn by 2024, expanding at a CAGR of 12.0% from 2016 to 2024. North America was the largest
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Environmental health & safety tools are primarily used by companies to adhere with the environmental regulations and norms concerned with occupational and environmental health & safety. Request A Sample Of This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2292 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
Growing EHS Regulations and Standards Facilitating EHS Market’s Growth at 12.0 …
According to a new market report published by Transparency Market Research entitled “Environmental Health & Safety (EHS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” the environmental health & safety (EHS) market was worth US$ 3,009.0 Mn in 2015 and is expected to reach US$ 8,315.1 Mn by 2024, expanding at a CAGR of 12.0% from 2016 to 2024. North America was the largest