What Has Been The Evolution of the Environmental Health And Safety EHS Software Market in Recent Years?
The environmental health and safety ehs software market has seen considerable growth due to a variety of factors.
• The market size of Environmental Health and Safety (EHS) software has seen significant growth in the past years. It is set to increase from $7.56 billion in 2024 to $8.21 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
This growth during the historical period can be linked to the rising demand for data management, heightened awareness towards workplace safety, burgeoning environmental considerations, growing requirements for compliance management, and enhanced mobile accessibility.
What Are the Future Growth Projections for the Environmental Health And Safety EHS Software Market?
The environmental health and safety ehs software market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the environmental health and safety (EHS) software market is likely to witness significant growth, reaching $11.26 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%.
The predictors of growth in the forecast period include the growing use of cloud-based solutions, increased corporate social responsibility initiatives, a rising number of workplace accidents, enhanced automation of compliance processes, and escalating environmental concerns. Key trends to watch in the forecast period are advancements in technology, integration with IoT devices, data analytics, the adoption of cloud-based solutions, and machine learning.
What Are The Core Factors Supporting Growth In The Environmental Health And Safety EHS Software Market?
The surge in corporate social responsibility (CSR) efforts is anticipated to fuel the expansion of the environmental health and safety (EHS) software market. CSR initiatives are specific actions and schemes that businesses implement as a part of their CSR tactic, taking accountability for their societal impact beyond merely boosting profits. The rise in CSR initiatives is attributed to a variety of factors like bettered reputation, consumer anticipations, risk mitigation, luring investors, and fostering innovation and advancements. The EHS software aids CSR initiatives as it enables businesses to monitor sustainability endeavors, ascertain conformity with environmental rules and foster a safer, more ethical work ambiance. For example, data from a survey undertaken by Virgin Pulse, an all-inclusive employee wellness platform based in the U.S, in January 2024 stated a 67% surge in participation in wellbeing schemes when compared to 2022, proving a notable ascent in employee involvement. Consequently, the escalating number of CSR initiatives is propelling the growth of the environmental health and safety (EHS) software market.
What Are The Major Segments Within The Global Environmental Health And Safety EHS Software Market?
The environmental health and safety (EHS) software market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Model: Cloud, On-Premises
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-User Vertical: Oil And Gas, Energy And Utilities, Healthcare And Life Sciences, Construction And Manufacturing, Chemicals, Mining And Metals, Food And Beverages, Other End-User Verticals
Subsegments:
1) By Solution: EHS Management Software, Incident Management Software, Compliance Management Software, Risk Management Software, Audit Management Software, Training Management Software, Environmental Management Software, Chemical Management Software, Safety Data Sheet (SDS) Management Software, Mobile EHS Solutions
2) By Services: Consulting Services, Implementation Services, Training and Support Services, Maintenance and Upgrade Services, Integration Services, Data Analysis Services
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What Trends Are Shaping The Environmental Health And Safety EHS Software Market?
Leading firms in the environmental health and safety (EHS) software market are prioritizing the enhancement of modern technologies, specifically EHS solutions that monitor and control workplace events. The term EHS solutions speaks to a thorough framework and specific procedures built to manage the environmental, health, and safety (EHS) components in companies. For example, Health & Safety Institute (HSI) Inc., an American software enterprise, introduced EHS Essentials in February 2023 to cater to the rising need for all-inclusive and affordable environmental, health, and safety (EHS) provisions. EHS Essentials is engineered to smooth out workplace safety and conformity by delivering a comprehensive platform that simplifies managing accidents, audits, examinations, and OSHA adherence. This forward-thinking tool aids companies in transitioning from traditional methods to digital systems, enhancing productivity and guaranteeing superior management of their EHS duties.
Who Are the Key Players In The Environmental Health And Safety EHS Software Market?
Major companies operating in the environmental health and safety (EHS) software market are:
• International Business Machines Corporation
• Honeywell International Inc.
• SAP SE
• Wolters Kluwer N.V.
• Drägerwerk AG & Co. KGaA
• Tetra Tech Inc.
• UL Solutions Inc.
• Ramboll Group A/S
• Diligent Corporation
• Sphera Solutions Inc.
• Health & Safety Institute Inc.
• Cority Software Inc.
• SafetyCulture Pty Ltd.
• Benchmark ESG
• Verisk 3E
• Intelex Technologies Inc.
• Quentic GmbH
• EcoOnline AS
• iPoint-systems GmbH
• Omnigo Software LLC
• Dakota Software Corporation
• Nimonik Inc.
• eCompliance Management Solutions Inc.
What Is The Most Dominant Region In The Environmental Health And Safety EHS Software Market?
North America was the largest region in the environmental health and safety (EHS) software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental health and safety (EHS) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
