The environment, health, and safety market is projected to grow from USD 7.9 billion in 2024 to USD 11.5 billion by 2029 at a CAGR of 7.6% during the forecast period. Driven by heightened public awareness of environmental issues such as climate change and pollution, industries are under pressure to minimize their ecological impact. EHS services assist companies in efficiently managing waste, emissions, and resource usage, contributing to environmental sustainability. This proactive approach not only ensures regulatory compliance but also enhances operational efficiency and addresses environmental challenges. As industries strive to meet stringent environmental standards, the demand for EHS services continues to grow, driving innovation in environmental management practices.
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As leading companies worldwide increasingly prioritize robust EHS systems, the EHS market is being driven by the growing recognition of EHS as a critical component for achieving various business objectives. Beyond mere regulatory compliance, organizations now view EHS as essential for effective risk management, sustainability efforts, corporate social responsibility, operational efficiency, cost reduction, and brand reputation enhancement. A strong EHS culture correlates with increased productivity, product quality, employee morale, and profitability. Businesses invest in comprehensive EHS solutions to capitalize on these benefits, recognizing that effective EHS management not only safeguards people and the planet but also drives long-term business success.
The software segment contributed the largest market share in the environment, health, and safety market during the forecast period.
EHS software helps identify hazards, manage safety data, and monitor worker health, promoting a safer and healthier work environment. With features like data analysis and risk assessment, businesses can proactively prevent accidents. EHS software enables enterprises to protect their employees’ health and safety from potential workplace hazards. It also assists organizations in staying afloat in this dynamic regulatory environment by keeping them informed of regulation updates.
A heightened awareness of EHS issues drives the demand for EHS software and services. High-profile incidents involving hazardous chemicals have pushed governments worldwide to implement stricter regulations, particularly in the chemical and energy sectors. EHS software empowers businesses to navigate these more stringent regulations and prioritize safety and environmental responsibility.
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Unique Features in the Environment, Health, and Safety Market
In order to help organisations maintain compliance and reduce regulatory risks, EHS systems combine compliance management features to monitor and ensure adherence to environmental rules, health and safety standards, and corporate sustainability goals.
EHS systems facilitate prompt response, data-driven decision-making, and regulatory reporting to appropriate authorities by offering real-time monitoring and reporting capabilities for environmental parameters, health indicators, and safety measures.
Certain EHS solutions include behavior-based safety initiatives, which are aimed at encouraging safe work practices, creating a safety culture, and giving staff members the authority to spot and correct harmful workplace practices and circumstances.
EHS solutions employ mobile and wearable technologies to support remote data collecting, safety inspections, incident reporting, and training activities, enabling real-time communication and collaboration among workers and stakeholders.
In order to detect patterns, anticipate safety risks, and stop events before they happen, advanced EHS systems use artificial intelligence (AI) algorithms and predictive analytics. This allows them to optimise risk mitigation and resource allocation.
Major Highlights of the Environment, Health, and Safety Market
Organizations are focusing on promoting employee engagement and participation in EHS initiatives through training programs, safety culture initiatives, and employee feedback mechanisms, driving a culture of safety and accountability within the workforce.
The need for industry-specific EHS solutions that handle the unique risk factors and regulatory requirements of industries like chemicals, manufacturing, construction, healthcare, and energy is expanding.
In an effort to increase data integration, streamline EHS management, and boost operational efficiency, EHS solutions are being linked with key business processes including supply chain management (SCM) and enterprise resource planning (ERP) systems.
In order to detect, evaluate, and reduce environmental, health, and safety risks, EHS solutions are becoming more and more focused on risk management techniques. This helps organisations manage risks proactively and stop events before they happen.
Cloud-based EHS solutions with scalability, flexibility, and accessibility are in greater demand as they enable businesses to improve collaboration, streamline EHS administration, and adjust to evolving business requirements.
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Top Companies in the Environment, Health, and Safety Market
The major vendors covered in the environment, health, and safety market include VelocityEHS (US), asWolters Kluwer (Netherlands), Intelex Technologies (Canada), Benchmark ESG (US), Cority Software Inc. (Canada), Sphera (US), Intertek (UK), Quentic (Germany), UL Solutions (US), Ideagen (UK), SAP (Germany), IBM (US), Evotix (UK), EcoOnline (Norway), Diligent Corporation (US), ETQ (US), 3E (US), Dakota Software Corporation (US), IsoMetrix (US), Enhesa (US), VisiumKMS (US), SafetyCulture (Australia), TextContext (Canada), ComplianceQuest (US), Pro-Sapien (UK), SHEQX (Australia), CMO Software (UK), Indus Environmental Services (India), Inicia (Japan), ASK-EHS Engineering (India), SHE Group (South Africa), and EHS Brazil (Brazil). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches, to expand their environment, health, and safety market presence.
Wolters Kluwer is a global leader in providing professional information, software solutions, and services across various sectors, including healthcare, finance, legal, tax, audit, risk, and compliance. Within the Environment, Health, and Safety (EHS) market, Wolters Kluwer stands out as a prominent provider of software solutions and services. Their offerings are tailored to meet the needs of diverse industries, focusing on compliance, risk management, and operational efficiency. Their comprehensive platforms cover a range of EHS areas, including incident management, regulatory compliance, audit management, and occupational health and safety. By leveraging advanced technology, Wolters Kluwer helps organizations streamline their EHS processes, mitigate risks, and ensure regulatory adherence. With a commitment to continuous innovation and a customer-centric approach, Wolters Kluwer remains a trusted partner for companies looking to enhance their EHS performance and achieve sustainable business outcomes
VelocityEHS is a leading developer of environment, health, and safety (EHS) technology, dedicated to assisting global enterprises in achieving operational excellence. Their comprehensive suite of solutions covers health, safety, environmental compliance, training, operational risk, and environmental, social, and corporate governance (ESG) aspects. Through AI-powered ESG & EHS management software, VelocityEHS empowers organizations to drive sustainable outcomes while reducing costs. With seven platform solutions tailored to address key EHS- & ESG-related challenges, VelocityEHS ensures simplicity and efficiency in managing complex business demands. Their software offers a user-friendly yet highly effective solution for managing EHS and sustainability, providing businesses with visibility across all aspects of their operations. Moreover, VelocityEHS boasts rapid implementation timelines and cost-effective solutions, enabling companies to streamline their processes without exceeding budget constraints. With a dedicated in-house team committed to delivering world-class service, VelocityEHS ensures a seamless transition to a fully implemented system in as little as two to four weeks.
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