The global environment, health, and safety (EHS) market reached a value of US$ 66.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 112.22 Billion by 2027, exhibiting a CAGR of 8.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Environment, health, and safety (EHS) refers to a department ensuring that the work of an organization follows best practices, complies with applicable legislation, and does not cause any environmental damage or put the health and safety of workers at risk. It aims at preventing and reducing accidents caused by ergonomic hazards, exposure to carcinogens, fall from height and heavy machinery, while increasing the productivity and profit of the company. As a result, it finds extensive applications in the energy and utility, healthcare, construction, government, food and beverage (F&B), and defense sectors around the world.
Environment, Health, and Safety (EHS) Market Trends:
At present, there is a rise in the utilization of EHS software and services to aid companies in meeting the standards established by various environmental bodies across the globe. This, along with the rising awareness among individuals about environmental issues, represents one of the key factors driving the market. Moreover, stringent regulations implemented by governments of several countries to promote environmental health and safety are propelling the growth of the market. In addition, there is an increase in the integration of the internet of things (IoT), big data, data analytics, and mobility in EHS. This, coupled with the growing employment of EHS in wastewater treatment plants due to the rising number of laws for the discharge of wastewater containing zinc, lead, and mercury, is positively influencing the market. Besides this, the growing investments in EHS software by small and medium-sized businesses are offering a positive market outlook. Additionally, the escalating demand for EHS solutions for worldwide testing and maintaining quality standards in the chemical industry is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global environment, health, and safety (EHS) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment type and vertical.
Breakup by Component:
Project Deployment and Implementation
Business Consulting and Advisory
Audit, Assessment and Regulatory Compliance
Training and Support
Breakup by Deployment Type:
Breakup by Vertical:
Energy and Utilities
Chemicals and Materials
Construction and Engineering
Food and Beverage
Government and Defense
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcumus Group Limited, Dakota Software Corporation, Enhesa, ETQ LLC (Hexagon AB), Intelex Technologies ULC (Industrial Scientific Corporation), ProcessMAP Corporation, Pro-Sapien Software, SafetyCulture Plus Pty Ltd., SAP SE, Sphera Solutions Inc., UL LLC and Verisk Analytics Inc.
Key questions answered in this report:
How has the global environment, health, and safety (EHS) market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global environment, health, and safety (EHS) market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global environment, health, and safety (EHS) market and who are the key players?
What is the degree of competition in the industry?