The Latin America, Middle East and Africa Environment, Health and Safety Market would witness market growth of 10.8% CAGR during the forecast period (2021-2027).
The norms regarding EHS are constantly changing and it becomes a big challenge for the companies to keep pace with them. However, with the help of EHS management software, companies can monitor the changes and go ahead with better decisions. Moreover, the market of EHS is expected to witness lucrative growth opportunities due to factors including a large number of compulsory compliance requirements, higher stakeholder performance demands, and corporate objectives to enhance EHS performance, and the quest to constantly adapt to the changing scenario.
The issues related to EHS across Latin America have become a more serious problem for companies because of the surge in the number of norms and strict enforcement activities. Additionally, every Latin American nation does not hold a similar perspective toward EHS, particularly given the wide cultural and geographical differences between countries and regions. This kind of difference among the countries makes it highly crucial to implement solutions for every individual jurisdiction.
For example, Argentina became the very first Latin American country to formally accept the ILO regulations on occupational safety and health management systems on April 28, 2005, hence displaying its dedication to enhance working conditions and decrease occupational accidents and diseases. Moreover, Brazil is constantly observing the huge criticism in the way it has managed the environmental issues. At present, organizations in Brazil are aimed to assess the adequacy of their Environmental Management systems (EMSs), including the procedures, strategies, and companies’ structures to meet their goals.
The Brazil market dominated the LAMEA Manufacturing Environment, Health and Safety Market by Country 2020, thereby, achieving a market value of $33.1 million by 2027. The Argentina market would witness a CAGR of 11.8% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 10.9% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Services segment is further bifurcated across Business Consulting & Advisory, Audit, Assessment & Regulatory Compliance, Project Deployment & Implementation, Analytics, Certification and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on End User, the market is segmented into Energy & Utilities, Chemicals & Materials, Construction & Engineering, Healthcare, Manufacturing, Government & Public Sector and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Environment, Health and Safety Market is Predict to reach $9.2 Billion by 2027, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ideagen Plc, Wolters Kluwer, Tetra Tech, Inc., WSP Global, Inc., (Golder Associates), SGS S.A., AECOM Corporation, Fortive Corporation, Verisk Analytics, Inc., Cority Software, Inc. and Gensuite LLC.
By Component
By Deployment Type
By End User
By Country
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