The Latin America, Middle East and Africa Workplace Safety Market would witness market growth of 13.8% CAGR during the forecast period (2020-2026). A secure and safe work environment is considered as a productive one. Regulations for safety in the workplace are mandatory for all workers irrespective of the size or kind of the businesses. Safety measure ensures the health of workers, equipment, and business property. Preventing or reducing injuries and harm to equipment & facilities will bring down the expenses and result in more profit for a business.
For the majority of organizations across all industrial sectors, workplace safety has become a priority at work and various organizations are aware about the proactive approach to injury prevention and treatment shows an organization’s dedication toward the well-being of their employees. As per the National Safety Council, an employee is injured on the job in every seven seconds. After the execution of the Total Worker Health concept by The National Institute for Occupational Health (NIOSH), a considerable shift is being observed within the industry toward a more exhaustive method to well-being beyond physical health.
This multi-faceted approach involves social, emotional, financial, and environmental aspects of health. After the execution of this program, the aim of workplace safety programs has changed from identifying unsafe conditions to detecting risks for prevention-based programs that highlight education, training, and detecting problems before somebody gets harm. Employers are increasing their funding in the deployment of this standard, and thus, it is anticipated to boost the workplace safety market in the next few years.
Based on Component, the market is segmented into Hardware, Software and Services. Based on System, the market is segmented into Environmental Health & Safety, Access Control & Surveillance System, Real Time Location Monitoring and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Incident & Emergency Management, Asset Tracking & Management, Personal Protective Equipment Detection and Others. Based on End User, the market is segmented into Industrial and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Workplace Safety Market in LAMEA is expected to register a CAGR of 13.8% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Honeywell International, Inc., 3M Company, Hexagon AB, Appian Corporation, Microsoft Corporation, Robert Bosch GmbH, Amazon.com, Inc., Panasonic Corporation, and Cority Software, Inc.
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