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  • Environmental Health & Safety Market Forecast | 2023-2028

    Environmental Health & Safety Market Forecast | 2023-2028

    Environmental Health & Safety Market Forecast | 2023-2028
    Report code - SR1837 Delivery - 2 Weeks
    Environmental Health & Safety (EHS) Market Size, Share, Trend, Forecast, & In See more...

    Market Insights

    The environmental health & safety (EHS) market is estimated to grow from USD 6.39 billion in 2022 to USD 9.61 billion by 2028 at a CAGR of 7.0% during the forecast period.

    EHS Market Size

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    What is environmental health and safety (EHS)?

    Environment health and safety or EHS, is an acronym for the group that studies and implements practical aspects of environmental protection as well as occupational health and safety. In a nutshell, it is what organizations do to ensure that their activities do not harm anyone.

    Environmental Health & Safety (EHS) Market Reports Overview

    Market Size in 2028

    USD 9.61 Billion

    Market Size in 2022

    USD 6.39 Billion

    Market Growth (2023-2028)

    CAGR of 7.0%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    COVID-19 Impact on EHS Market

    COVID-19 has both positive and negative market effects because, as a result of the lockdown, carbon emissions have decreased globally. The reduction in emissions caused by COVID-19 is a short-term benefit; however, as industries and businesses look to recoup some of their financial losses at the beginning of the year, it will actually lead to a much higher level of carbon emissions.
    COVID-19 has had a negative impact on recycling efforts all over the world. Countries, including the United States, have suspended or reduced their recycling programs in order to focus on the collection of extra household waste or because services have been disrupted by the virus.

    Key Players

    The following are some of the key players operating in the environmental health and safety (EHS) market are-

    • Intelex (US)
    • Sphera (US)
    • VelocityEHS (US)
    • Enablon (France)
    • Cority US)
    • Gensuite (US)
    • SAI Global (US)
    • Quentic (Germany)
    • UL (US)
    • Alcumus (UK)
    • SHE Software (UK)
    • VisiumKMS (US)
    • Ideagen (UK)
    • EcoOnline (Ireland)
    • ETQ(US)
    • Dakota Software (US)

    Market Dynamics

    The environmental health and safety market is driven by a host of factors, some of which are noted below:

    • Increased government initiatives to ensure that certain workplace safety and environmental regulations and standards are followed.
    • Ehs software solutions assist organizations in protecting their employees' health and safety, as well as the environment—the natural world in which they live.
    • Ehs software solutions have a high price tag.
    • Businesses in low-income countries are slow to adopt Ehs software solutions.
    • High software implementation and installation costs are expected to stymie market growth. 
    • Technological advancements are assisting various industries in achieving worker engagement and implementing environmental, health, safety, and quality programs.

    EHS Market Snapshot

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    Segment Analysis

    Component Trends

    The market has been bifurcated into Software, Services. The Services segment accounted for the largest market share in 2022 & is expected to remain dominant during the forecast period.

    Services aim to train and develop expertise, provide timely software or platform upgrades, and assist customers in integrating their software or platform with other Information Technology (IT) solutions.

    Deployment Mode Trends

    The market has been bifurcated into on-premises & cloud, Under these, the cloud segment occupied a significant share of the market in 2022 & is expected to grow at a robust CAGR during the forecast period. 

    Owing to its low cost and ease of installation, the cloud is expected to become a popular delivery mechanism among large corporations and SMEs. SMEs are more inclined to employ cloud-based solutions than on-premises solutions because of the low cost and round-the-clock support and maintenance provided by software vendors.

    Cloud software is stored on a server owned by a different supplier. End customers can access both the program and the data online because SaaS and cloud-based software are tightly associated. Dropbox, Office 365, and Google Docs, for example, are examples of cloud software. The cloud software companies hosting data services own and maintain the infrastructure. EHS departments benefit greatly from the ability to conduct audits and inspections remotely rather than visiting each location.

    Vertical Trends

    The market has been classified into energy and utilities, chemicals and materials, healthcare, construction and engineering, food and beverage, government and defense, & others. The energy and utilities segment accounted for the highest share of the environmental health and safety (EHS) market in 2022.

    Due to increased knowledge of EHS rules, regulations, and standards, the energy and utilities vertical has seen substantial adoption of environment, health, and safety software solutions. Historically, occupational health risks were measured in terms of immediate accidents, particularly mortality rates. Today, the emphasis has shifted to the long-term impacts of cancer-causing chemicals and radiation exposure, leading to growing adoption in energy and utilities.

    Regional Insight

    APAC is expected to dominate the overall market. Asia Pacific is home to thriving economies such as Singapore, Japan, China, India, and Australia, all of which are expected to experience rapid growth in the environmental health & safety market. During the forecast period, it is expected to have the highest CAGR.

    Regional Insight

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    • China has experienced tremendous industrial growth and is now the world's manufacturing capital.
    • Its government is becoming more stringent in terms of EHS regulations and compliance.
    • The Social Science Research Council (SSRC) launched the China Environment and Health Initiative, which aims to generate new research on the relationship between health, environment, and development in China.

    Segmentation

    The market is segmented into the following categories.

    By Component

    • Software
    • Services

    By Deployment Mode

    • On-premises,
    • Cloud

    By Vertical

    • Energy and Utilities
    • Chemicals and Materials
    • Healthcare
    • Construction and Engineering
    • Food and Beverage
    • Government and Defense

    By Region:

    • North America (Country: the USA, Canada, and Mexico) 
    • Europe (Country: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region: Latin America, the Middle East, and Others)

    Segmentation

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    Target Audience

    The target audience of environment health and safety market includes-

    • Distributors
    • Suppliers
    • Manufacturers
    • Hospitals

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

     

    How big is the sales opportunity?

    In-depth Analysis of the EHS Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Environment health and safety or EHS, is an acronym for the group that studies and implements practical aspects of environmental protection as well as occupational health and safety. In a nutshell, it is what organizations must do to ensure that their activities do not harm anyone.

    The market is estimated to grow at a CAGR of 7.0% during the forecast period.

    The market is estimated to grow from USD 6.39 billion in 2022 to USD 9.61 billion by 2028.

    The target audience of the market includes Distributors, Suppliers, Manufacturers, and Hospitals.

    Key players operating in the market are VelocityEHS (US), Enablon (France), Intelex (US), Cority US), Gensuite (US), Sphera (US), SAI Global (US), Quentic (Germany), UL (US), Alcumus (UK), SHE Software (UK), VisiumKMS (US), Ideagen (UK), EcoOnline (Ireland), ETQ(US), Dakota Software (US).

    APAC is expected to dominate the overall market. APAC is home to thriving economies such as Singapore, Japan, China, India, and Australia, all of which are expected to experience rapid growth in the market.

    Increased government initiatives to ensure that certain workplace safety and environmental regulations and standards are followed. EHS software solutions assist organisations in protecting their employees' health and safety, as well as the environmentthe natural world in which they live. EHS software solutions have a high price tag. Businesses in low-income countries are slow to adopt EHS software solutions.

    The study period of this market report is 2017-2028.