What Has Been the Progress and Growth of the Environment Health And Safety Market in Recent Years?
The environment health and safety market has seen considerable growth due to a variety of factors.
• The market size for environment health and safety has seen a significant surge in recent years. It is projected to expand from $8.55 billion in 2024 to $9.51 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%.
Several factors can be attributed to this historical period of growth, including the rise in popularity of environment health and safety mobile applications, the existence of strict laws and regulations, an increased awareness of environment health and safety, a push in industries to minimize waste and enhance process efficiency, and an increase in worker safety regulations.
How Does the Forecast Look for the Environment Health And Safety Market?
The environment health and safety market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the size of the environment health and safety market is predicted to experience significant expansion. The market is anticipated to inflate to $14.35 billion in 2029, bolstered by a compound annual growth rate (CAGR) of 10.8%.
The upturn during this forecast period is associated with factors such as increasing government rules regarding environmental safeguarding, the growth in the number of businesses, industries escalating their investments in EHS IT software to adhere to OSHA and EPA guidelines and amplified aims in waste reduction. The landscape in this period is expected to witness the proliferation of enhanced research and development facilities, technological progression, innovation and policies focused on low carbon emissions.
What Are The Leading Drivers Of Growth In The Environment Health And Safety Market?
The ascent in waste reduction objectives is predicted to drive the expansion of the environment health and safety market in the future. Waste reduction targets, defined by individuals, organizations, or governments within a certain timeline, aim to lessen the quantity of waste generated, discarded, or forwarded to landfills. The amplified request for such targets comes from a rising global consciousness about the pressing requirement to combat environmental deterioration and transition to a more sustainable, circular economy. These targets also include environmental health and safety factors to reduce pollution, limit hazardous waste production, protect ecosystems and human health, thereby endorsing more sustainable waste management methods. Like for example, gov.uk, a UK-based information website reported in September 2024 that in 2022, UK had sent 6.3 million tons of biodegradable municipal waste to landfill, with England being responsible for 81% of this total. England on its own part created 5.1 million tons out of the UK’s overall biodegradable waste that was sent to landfill that year. Thus, rising waste reduction objectives are fueling the growth of the environment health and safety market.
How Are The Segments Defined Within The Global Environment Health And Safety Market?
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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What New Trends Are Influencing The Environment Health And Safety Market?
In the environment health and safety market, leading companies are emphasizing the creation of advanced private cloud editions like SAP S/4HANA Cloud private editions. This initiative is to assist organizations in evolving their EHS operations and encourage sustainable development. SAP S/4HANA Cloud Private Edition is a specialized cloud solution, which can be adjusted according to singular organization requirements, offering versatility in cloud deployment. For example, in 2023, the Germany-based software enterprise, SAP SE, introduced a novel edition known as SAP S/4HANA Cloud private edition. It introduces innovative features to streamline environmental, health, and safety (EHS) processes, giving organizations the ability to identify and mitigate potential hazards, execute preventative measures, and oversee risk regulation. This technology promotes automation, system integration, and clarity, assisting firms in reforming their EHS operations and attaining sustainable growth.
Who Are the Key Players In The Environment Health And Safety Market?
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.
What Is The Most Dominant Region 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.
