[216+ Pages Research Report] According to Facts & Factors, the global Environmental Health and Safety Software Market (EHS) is estimated to increase from USD 6.45 billion in 2021 to USD 11.78 billion in 2028 during the forecast period with a Compound Annual Growth Rate (CAGR) of 11.6%. The report analyses the Environmental Health and Safety Software Market's drivers and restraints, as well as the impact they have on the demand throughout the projection period.
Environmental health and safety (EHS) software solutions are in charge of ensuring that various environmental themes, such as regulatory requirements, sustainability performance against environmental protection, accident prevention, environmental audit & safety checks, process standardization, and incident response, are kept in check. As a one-stop-shop for convenience measures, the software collects data, tasks, & documents and combines them in a database.
Environmental health and safety (EHS) software solutions are transforming company sustainability, profit growth, corporate social responsibilities, and operational efficiencies related to environmental engagement, and are becoming a standard element of every business organization.
From a business standpoint, incurring harsh and hefty penalties as a result of health and safety violations can have a negative influence on the company's financials, which is why there is an increasing demand for strong environmental health and safety (EHS) software.
The global environmental health and safety software market is expected to grow at a faster rate in terms of revenue during the forecast period, thanks to factors such as an increase in the number of regulations and compliance measures, as well as rising government initiatives focusing on safety and standards, to name a few. Additionally, during the forecast period, the global market is expected to expand due to an increase in the number of global organizations aimed at pushing the boundaries of laws and regulations, as well as rising demand for software and services in terms of emission controls.
Furthermore, various IT organizations that are compliant with severe EPA requirements are projected to drive the worldwide Market forward throughout the forecast period. To mention a few, the worldwide market is predicted to be driven by factors such as streamlining waste management practices and a rise in the number of applications operated by mobile devices. During the forecast period, the market is likely to benefit from an increase in the number of reputable vendors as well as increased popularity among end-users. During the forecast period, however, the rising prices associated with EHS software solutions are projected to restrain the global environmental health and safety software market's growth.
Report Attribute |
Details |
Market Size in 2021 |
USD 6.45 Billion |
Projected Market Size in 2028 |
USD 11.78 Billion |
CAGR Growth Rate |
11.6% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Alcumus, ProntoForms, Dakota Software, SAI Global, VelocityEHS, Ideagen, IsoMetrix, ETQ, Enablon, Verisk 3E, SafeSite, Dakota Software, Intelex, SHE Software, SHEQX, EcoOnline, Cority, Enhesa, Quentic, Gensuite, Sphera, UL, VisiumKMS, ProcessMap, ProntoForms, SafetyCulture, Pro-Sapien, and ComplianceQuest. |
Key Segment |
By Product Component, By Application, By End-User, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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During the forecast period of 2022-2028, Asia Pacific will lead the global environmental health and safety software market. By 2028, Asia Pacific is predicted to have the greatest market share. Singapore, Japan, China, India, and Australia are among Asia Pacific's fastest-growing economies, with the market likely to grow at a rapid pace. China has made enormous strides in the industrial sector. China has surpassed the United States as the world's manufacturing capital. Its government is enforcing more EHS regulations and standards. The China Environment and Health Initiative has been created by the Social Science Study Council, and it is expected to generate new research on China's health, environment, and development. These are the primary drivers that will propel this region's growth in the global market from 2022 to 2028.
During the forecast period of 2022-2028, North America is also expected to rise substantially. The US and Canadian governments' rigorous laws and regulations are a crucial element in the environmental health and safety software market’s rapid expansion in North America. The majority of global software and service implementation takes place in this region. This dominance is likely to continue over the forecast period 2022-2028, owing to reasons such as the development of the energy and chemical sectors, as well as the strict controls imposed by the government in this region.
The major market players for the global environmental health and safety software market are :
The global environmental health and safety software market is segmented as follows:
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