Environment Health And Safety Market by Component (Software, Services), End-user (Energy & Utilities, Healthcare, Construction, Chemical & Materials), Deployment Mode (Cloud, On-Premises), & Region for 2024-2031
Report ID: 10922|No. of Pages: 202
Environment Health And Safety Market by Component (Software, Services), End-user (Energy & Utilities, Healthcare, Construction, Chemical & Materials), Deployment Mode (Cloud, On-Premises), & Region for 2024-2031
Environment Health And Safety Market Valuation – 2024-2031
Technological advancements in EHS software and services are propelling the Environment Health and Safety (EHS) Market upwards by improving regulatory compliance and operational efficiency, making EHS solutions more attractive to organizations across various industries. According to the analysts from Verified Market Research, the EHS market is estimated to reach a valuation of USD 17.77 Billion by 2031 over the forecast subjugating around USD 7.82 Billion valued in 2024.
The rapid expansion of the EHS market is primarily driven by stringent environmental and safety regulations, increasing corporate responsibility toward sustainability, and the rising need for workplace safety measures. It enables the market to grow at a CAGR of 10.80% from 2024 to 2031.
Environment Health And Safety Market: Definition/ Overview
Environment Health And Safety (EHS) is defined as a methodology that is implemented by organizations to ensure the well- of their workers and compliance with environmental regulations. It is encompassed by a broad range of software solutions and services that are designed to help organizations manage their environmental impact, occupational health issues, and safety risks.
Furthermore, EHS solutions are utilized across various industries to monitor and report on environmental performance, manage workplace safety protocols, and ensure regulatory compliance. These solutions are increasingly integrated with emerging technologies such as IoT sensors, artificial intelligence, and data analytics to provide real-time monitoring and predictive insights for risk management.
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What are the Key Drivers Identified in the Environment Health and Safety (EHS) Market?
The increased implementation of environmental and safety standards across businesses is a key driver of the EHS market. For example, the United States Environmental Protection Agency (EPA) fined $1.5 billion in penalties for environmental offenses in 2022, demonstrating the increasing pressure on businesses to meet stringent regulatory standards. This regulatory environment requires firms to implement EHS solutions to avoid penalties and assure compliance with environmental and worker safety rules.
Global demand for EHS solutions has increased as workers become more aware of workplace hazards and safety norms. According to the International Labour Organization (ILO), about 2.78 million people die each year as a result of workplace accidents or diseases. Companies have been investing in EHS systems to control risks, avoid accidents, and assure employee safety.
Furthermore, many businesses are employing sustainable practices to achieve their ESG (Environmental, Social, and Governance) objectives. According to a United Nations report from 2022, more than 90% of the world’s major firms already produce sustainability reports. EHS solutions play an important role in helping businesses assess and manage their environmental impact, contributing to market expansion.
What Challenges Are Faced in the Environment Health And Safety Market?
The Environment Health and Safety (EHS) Market faces significant challenges related to the complexity of regulatory compliance across various industries and regions. With governments continuously updating environmental and workplace safety regulations, businesses often struggle to keep up with the changes. This complexity is heightened for multinational companies that must adhere to different regulatory frameworks across the countries in which they operate. Managing compliance and ensuring that employees are trained on the latest regulations become costly and resource-intensive, creating hurdles for organizations aiming to implement EHS systems efficiently.
Many businesses use a variety of software platforms for different operational processes, such as enterprise resource planning (ERP) systems and human resource management software. Integrating EHS platforms into these existing systems without disrupting workflows or creating redundancies is a difficult task. Furthermore, some businesses face resistance to adopting new technologies due to concerns over costs or the perceived complexity of implementation, limiting the overall uptake of advanced EHS solutions.
Furthermore, the EHS market is challenged by the growing need for data security and privacy. As companies collect vast amounts of data to manage and monitor their environmental and safety performance, they also become more vulnerable to cybersecurity threats. Safeguarding sensitive employee information, environmental data, and compliance records is crucial, especially as the use of cloud-based EHS systems becomes more prevalent. Organizations must navigate the challenges of ensuring robust cybersecurity measures while also complying with data protection regulations, adding another layer of complexity to EHS management.
Category-Wise Insights
What Factors Attributed to the Dominance of Software in the Component Segment?
The software segment is estimated to dominate the EHS market during the forecast period. EHS software solutions are developed to offer comprehensive functionalities for environmental management, occupational health monitoring, and safety risk assessment in a single platform. These integrated solutions are preferred over disparate systems as they are designed to provide a holistic approach to EHS management.
Furthermore, the automation capabilities of EHS software are highlighted as a key factor in its widespread adoption. Manual processes are replaced by automated workflows for incident reporting, compliance monitoring, and audit management. This automation is credited with reducing human error, improving efficiency, and enabling more consistent EHS practices across organizations.
How does the Construction Industry dominate the End-user Segment?
The dominance of the construction industry in the end-user segment is attributed to the ongoing growth and expansion of infrastructure projects globally. Significant investments in residential, commercial, and industrial construction have been made, driven by urbanization and population growth. As cities expand, the demand for innovative building solutions and high-quality materials has been increasingly emphasized. The construction sector has been recognized for adopting advanced technologies and methodologies that enhance project efficiency and sustainability, making it a critical player in the overall market.
Furthermore, the construction industry has been influenced by a strong focus on safety and regulatory compliance, which has necessitated the integration of improved practices and materials. Innovations such as sustainable building techniques and smart construction practices have been widely embraced to address environmental concerns and enhance the longevity of structures. The industry’s responsiveness to emerging trends, such as green building certifications and energy-efficient designs, has further solidified its position in the end-user segment. This adaptability to changing market demands has enabled the construction industry to remain a dominant force in shaping various market dynamics.
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Country/ Region-wise Acumens
What Factors are Attributed to North America’s Market Leadership?
According to VMR Analyst, North America is estimated to dominate the environment, health, and safety market during the forecast period. North America, particularly the United States, has established stringent environmental regulations that drive the demand for EHS solutions. The Environmental Protection Agency (EPA) enforces several laws, including the Clean Air Act and Clean Water Act, to ensure that industries comply with safety and environmental standards. According to the EPA, over $5 billion was spent on environmental compliance and enforcement activities in 2022, reflecting the region’s robust regulatory framework that boosts the adoption of EHS services and software.
Increasing focus on occupational health and safety regulations in the United States and Canada has accelerated the demand for EHS solutions. According to the U.S. Bureau of Labor Statistics (BLS), there were approximately 2.6 million non-fatal workplace injuries and illnesses reported in 2021. This heightened awareness of workplace hazards, combined with the enforcement of the Occupational Safety and Health Administration (OSHA) standards, promotes the growth of EHS services in industries such as manufacturing, healthcare, and construction.
Furthermore, many North American companies are adopting sustainable business practices, which require advanced EHS systems to monitor and manage environmental impact. According to the National Renewable Energy Laboratory (NREL), corporate power purchase agreements for renewable energy reached over 11.1 gigawatts in 2021, with the U.S. leading this trend. This shift toward sustainability goals and ESG (Environmental, Social, and Governance) reporting necessitates the integration of EHS solutions for better compliance and management.
How is the Asia Pacific Region Positioned in the Market?
The Asia Pacific region is estimated to exhibit the highest growth within the environment, health, and safety market during the forecast period. Rapid industrial growth and urbanization across countries like China, India, and Southeast Asia are driving the demand for EHS solutions to manage the environmental and safety risks associated with these developments. According to the World Bank, China alone contributed to over 28% of global industrial output in 2021. The increased industrial activities lead to higher emissions and workplace safety hazards, prompting the adoption of EHS systems to comply with regional and global safety standards.
Governments in Asia-Pacific countries are increasingly implementing stringent environmental regulations to curb pollution and enhance sustainability. For example, China has been intensifying its focus on environmental monitoring and enforcement under its “Blue Sky Protection” campaign. The Chinese Ministry of Ecology and Environment reported that in 2021, China had improved air quality in 87.5% of its cities, reinforcing the need for effective EHS solutions to meet environmental targets.
Furthermore, with the expansion of industries such as manufacturing, construction, and mining in Asia-Pacific, there is a growing focus on improving workplace safety standards. According to the International Labour Organization (ILO), Asia-Pacific accounts for over 60% of the world’s workforce and experiences a higher incidence of workplace-related accidents and diseases. This growing emphasis on occupational health and safety is driving the adoption of EHS systems to mitigate risks and comply with labor regulations.
Competitive Landscape
The EHS market’s competitive landscape is characterized by the presence of both established players and innovative startups. Major technology companies and specialized EHS solution providers are engaged in continuous product development and strategic partnerships.
Some of the prominent players operating in the environment health and safety market include:
- Enablon
- Intelex Technologies
- VelocityEHS
- Cority
- Sphera
- Gensuite
- SAP SE
- ETQ, LLC
- UL Solutions
- DNV GL
Latest Developments
- In February 2023, Intelex Technologies, a global leader in EHS software, announced the launch of its enhanced Incident Management Software. This new version includes AI-powered features for predictive safety analytics, enabling organizations to proactively identify and mitigate risks before incidents occur. The software aims to help companies comply with complex safety regulations more efficiently.
- In September 2022, Sphera, a leading provider of integrated risk management software, acquired Thinkstep, a sustainability consulting and software company. This acquisition strengthens Sphera’s EHS capabilities by integrating Thinkstep’s expertise in environmental product compliance and sustainability reporting, further expanding its global footprint in the EHS market.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~10.80 % from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Customization scope |
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| Regions Covered |
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| Key Players | Enablon, Intelex Technologies, VelocityEHS, Cority, Sphera, Gensuite, SAP SE, ETQ, LLC, UL Solutions, DNV GL |
| Customization | Report customization along with purchase available upon request |
Environment Health And Safety Market, By Category
Component:
- Software
- Services
End-user:
- Energy & Utilities
- Healthcare
- Construction
- Chemical & Materials
- Others
Deployment Mode:
- Cloud
- On-Premises
Region:
- North America
- Asia Pacific
- Europe
- Rest of the World
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL ENVIRONMENT, HEALTH AND SAFETY MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL ENVIRONMENT, HEALTH AND SAFETY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL ENVIRONMENT, HEALTH AND SAFETY MARKET, BY COMPONENT
5.1 Software
5.2 Services
6 GLOBAL ENVIRONMENT, HEALTH AND SAFETY MARKET, BY DEPLOYMENT MODE
6.1 On-Premise
6.2 Cloud-Based
7 GLOBAL ENVIRONMENT, HEALTH AND SAFETY MARKET, VERTICAL
7.1 Overview
7.2 Energy and Utilities
7.3 Chemicals and Materials
7.4 Healthcare
7.5 Construction an Engineering
7.6 Food and Beverage
7.7 Government and Defense
7.8 Manufacturing
7.9 Others
8 GLOBAL ENVIRONMENT, HEALTH AND SAFETY MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL SOLAR CHARGE CONTROLLER MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 AECOM
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Jacobs
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Intelex Technologies
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Enablon
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Tetra Tech
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 SAP SE
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Golder Associates
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Wolters Kluwer
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Corty Software Inc.
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Honeywell International Inc.
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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