PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1475843
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1475843
Global Environment, Health, and Safety Market is valued at approximately USD 46.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2023-2030. Environmental, health, and safety management (EHSM) encompasses a company's endeavors to enhance its performance in environmental, health, and safety (EHS) domains. This entails implementing procedures to ensure and enhance the safety of individuals and their surroundings. These systematic approaches are pivotal in aligning with and sustaining the organization's overarching environmental objectives. EHS management serves as a cornerstone in the operational framework of any enterprise, not only mitigating environmental impact and fostering employee safety and welfare but also bolstering employee retention rates. The primary aim of EHS initiatives is to preclude and mitigate workplace accidents, emergencies, health concerns, and environmental degradation stemming from operational activities. EHS operates within a legal framework, necessitating the identification and adherence to production standards, with a specific emphasis on safety and environmental preservation within work environments. The market growth is driven by key factors such as increasing public concerns in terms of environmental issues, and the development of advanced EHS software solutions.
The market for environmental health and safety (EHS) services and software is poised for growth due to its capacity to streamline waste management for businesses. Additionally, the escalating demand for environmental health and safety mobile applications is anticipated to fuel market expansion further. Notably, environmental AI applications hold considerable promise in curbing greenhouse gas emissions across various regions. For instance, according to Agriculture, Forestry, and Other Land Uses organization, North America and East Asia have the potential to slash emissions by 1.6% to 6.1% and 2.7% to 4.8%, respectively, by 2030. In the logistics and transportation sector, IoT devices have been utilized to optimize routes, resulting in significant fuel savings. As a result, the adoption of cutting-edge technology is expected to create opportunities for developers of Environmental Health and Safety (EHS) software, thereby catalyzing growth in the Environmental Health and Safety Market throughout the forecast period. However, costly software installation and low rate of EHS software solution adoption among businesses stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Environment, Health, and Safety Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022, North America is expected to be the fastest growing region, primarily attributed to the concentration of oil and gas extraction industries in the region. These industries rely on EHS services to meet regulatory requirements and safeguard the health and safety of their workforce. Moreover, the escalating investments by various sectors in EHS IT software to align with regulations set by OSHA and EPA are anticipated to drive heightened demand for EHS solutions across North America. Moreover, Asia Pacific is projected to registered a fastest growth in the market place.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable