The Environment, Health, and Safety Market size is projected to grow from USD 6.7 billion in 2022 to USD 9.4 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. The increase in government initiatives to follow certain workforce safety and environmental regulations and standards are driving the growth of the EHS market.
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Software segment is estimated to lead the EHS market in 2022
EHS software providers enable various software features to meet their commercial clients requirements. These features include environmental and occupational health management, energy and water management, waste management, air quality and compliance management, safety management, incident and risk management, fire safety, and inventory management. Besides these major features, the EHS software offers employee engagement, chemical management, security program management, and product stewardship.
Cloud segment is set to emerge as a larger market during the forecast period
The cloud deployment mode offers better control of the data, along with the reduced risk of data loss and concerns related to regulatory compliance. Owing to these benefits, several enterprises prefer cloud usage to ensure safety and security. Opting for the cloud deployment type to deploy container security completely depends on the businesses’ needs and users’ requirements. Cloud deployment provides organizations with increased scalability, speed, 24/7 service, and enhanced IT security. The adoption of cloud-based solutions is growing at a good pace, and the trend is expected to grow during the forecast period.
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The major vendors covered in the EHS market include VelocityEHS (US), Wolters Kluwer (Netherlands), Intelex Technologies (Canada), Cority Software Inc. (Canada), Benchmark ESG (India), Sphera (India), Intertek (UK), Quentic GmbH (Germany), UL Solutions (US), Alcumus (UK), Evotix (UK), VisiumKMS (US), Ideagen (UK), EcoOnline AS (Norway), Diligent Corporation (US), ETQ (US), Dakota Software Corporation (US), ProcessMAP (US), SafetyCulture (Australia), ProntoForms (Canada), 3E (US), Enhesa (US), SHEQX (Australia), IsoMetrix (US), SAP (Germany), Pro-Sapien (UK), SafetySite (Denmark), CMO Software (UK), ComplianceQuest (US), Indus Environmental Services (India), Inicia (Japan), ASK-EHS Engineering (India), Al Sahraa Group (UAE), SHE Group (South Africa), EHS Brazil (Brazil), and IVEMSA (Mexico). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches, to expand their presence in the EHS market.
VelocityEHS provides EHS and sustainability solutions to its clients. It also delivers cost-efficient, intuitive solutions, easy to implement, and provides a better user experience. The company offers various EHS software such as Incident Management, Audit and Inspection, Compliance Management, Chemical Management, Performance Management, Risk Analysis, Training Management, Training Content, and Reporting and Dashboards to its commercial clients. The company’s mobile application, MDSonline, is a chemical inventory management solution provider which aims to make enterprise-level EHS functionality accessible and affordable to businesses of all sizes. VelocityEHS is one of the largest providers of EHS solutions.
Intelex develops and supports software solutions for EHSQ programs. The company develops web-based and mobile applications that simplify the management of programs and help clients improve their business performance. The program solutions delivered by Intelex ensure better compliance, risk reduction, reduce the cost of quality, track and report safety data, and ensure real-time data analysis and improved performance. Intelex customizes its solutions according to the requirements of its clients and needs. The company deploys its services to industries such as automotive, aviation and aerospace, chemical, consumer goods, construction, education, energy and electricity, food and beverages, government, healthcare and medical, life sciences, manufacturing, metals and mining, oil and gas, and retail. The company has 3.5 million users worldwide and is spread across North America and Europe.
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