Environment, health, and safety management is an all-in-one term that focuses on improving the EHS performance of a business. EHS management refers to the implementation of procedures focused on ensuring and improving the safety of workers and their surroundings.
Market OverviewMarket Research Future (MRFR) has announced a new release on the global environment, health, and safety market.
The report looks into the market’s historical growth pattern and delivers a complete overview of the market’s likely growth trajectory over the 2018-2023 forecast period.
According to the report, the global environment, health, and safety market is expected to rise at a CAGR of 11.50% over the 2018-2023 forecast period, reaching a value of USD 8.09 billion.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/press-release/environment-health-safety-marketThe environment, health, and safety market has been driven primarily by the growing awareness regarding the importance of environmental protection and the growing awareness regarding workplace safety.
Increasing number of accidents in workplaces have led to the formulation of strict health and safety policies, especially in industries such as energy and chemicals, where accidents can be highly dangerous.
At the same time, environmental protection has become a major feature of all industrial activities in recent years and is likely to remain a major target for companies operating in all verticals in the coming years, due to the strict government regulations being put in place to ensure the environmental viability of industrial processes.
This is likely to be the major driver for the global environment, health, and safety market over the forecast period.Segmental Analysis:The global Environment Health and Safety Global Market is segmented on the basis of component, service, vertical, and region.By component, the global environment, health, and safety market is divided into solutions and services.Of these, the services market is further categorized into project deployment and implementation services, regulatory compliance services, assessment, audits, business consulting and advisory services, certification services, data analytics services, and training and support services.By vertical, the global environment, health, and safety market is segmented into chemicals and materials, energy and utilities, construction and engineering, government and defense, healthcare, food and beverages, and others such as IT & telecom, automotive, and retail.Key Players:The prominent players in the market of EHS are – SAP (Germany), EtQ (US), Gensuite (US), Enablon (US), Intelex (Canada), Enviance (US), Verisk 3E (US), Sphera Solutions (US), Cority (Canada), and VelocityEHS (US).Optial (UK), and SiteHawk (US) are among the other players in this market.
According to a research report "EHS Market by Component, Service (Project Deployment and Implementation, Business Consulting and Advisory, Audit, Assessment, Regulatory Compliance), Deployment Mode (Cloud, On-Premises), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Environment, Health, and Safety (EHS) market size expected to grow from USD 5.3 billion in 2019 to USD 8.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.To reach new levels of efficiency, accuracy, and security, organizations need real-time visibility and stability in business operations.
It further assists organizations to comply with existing health and safety rules and regulations.
These features include environmental and occupational health management, energy and water management, waste management, air quality and compliance management, safety management, incident management and risk management, fire safety, and inventory management.The energy and utilities vertical to account for the largest market size during the forecast periodThe energy and utilities vertical has witnessed significant adoption of EHS solution because of the evolving EHS laws, regulations, and standards.
The energy and utilities vertical primarily includes natural gas, oil, nuclear power, coal, renewable energy, electricity, water, waste, and recycling sectors.North America to account for the highest market share during the forecast periodNorth America accounts for the highest market share in the EHS market.
The country leads in the adoption of EHS solution and services along with offering great opportunities for the overall growth of the EHS market.
Increasing government initiatives and programs are expected to drive the EHS market across North America.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=59608773The major EHS market vendors include Enablon (France), VelocityEHS (US), Intelex (Canada), Gensuite (US), Cority (Canada), Quentic (Germany), Sphera (US), Enviance (US), ETQ (US), UL (US), SAP (Germany), DNV GL (Norway), SAI Global (US), Verisk 3E (US), Dakota Software (US), ProcessMAP (US), IsoMetrix (South Africa), Airsweb (England), SafetyCulture (Australia), ProntoForms (Canada), and Enhesa (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
According to a new market research report "EHS Market by Component, Service (Project Deployment and Implementation, Business Consulting and Advisory, Audit, Assessment, Regulatory Compliance), Deployment Mode (Cloud, On-Premises), Vertical, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the Environment, Health, and Safety (EHS) market size expected to grow from USD 5.3 billion in 2019 to USD 8.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.
The increasing business demand to enhance operational efficiency and stability is expected to make EHS a dominant model for organizations across all verticals in the near future.Browse in-depth TOC on "EHS Market”122- Tables26- Figures 161- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59608773Solution segment to account for the largest market size during the forecast periodThe EHS solution helps small to large enterprises manage incidents and maintain compliance across operational processes.
It further assists organizations to comply with existing health and safety rules and regulations.
These features include environmental and occupational health management, energy and water management, waste management, air quality and compliance management, safety management, incident management and risk management, fire safety, and inventory management.The energy and utilities vertical to account for the largest market size during the forecast periodThe energy and utilities vertical has witnessed significant adoption of EHS solution because of the evolving EHS laws, regulations, and standards.
The energy and utilities vertical primarily includes natural gas, oil, nuclear power, coal, renewable energy, electricity, water, waste, and recycling sectors.North America to account for the highest market share during the forecast periodNorth America accounts for the highest market share in the EHS market.
The country leads in the adoption of EHS solution and services along with offering great opportunities for the overall growth of the EHS market.