Published Date: 19-Feb-2021
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According to a new report Global Workplace Safety Market, published by KBV research, The Global Workplace Safety Market size is expected to reach $21.3 billion by 2026, rising at a market growth of 10.6% CAGR during the forecast period.
The Real Time Location Monitoring market dominated the Global Workplace Safety Market by System 2019, growing at a CAGR of 9.1 % during the forecast period. The Access Control & Surveillance System market is estimated to grow at a CAGR of 9.7% during (2020 - 2026). Additionally, The Environmental Health & Safety market would showcase highest CAGR of 11.1% during (2020 - 2026).
The adoption of cloud-based solutions is increasing at a fast pace, and this trend is anticipated to witness a surge over the forecast years due to the broad range of functionalities and primary features these solutions offer. These advantages encourage various enterprises to opt for cloud deployment in order to ensure safety and security. The less cost and simple implementation are anticipated to make the cloud an extremely favoured delivery model among large enterprises and SMEs.
North America dominated the market in 2019. Europe is anticipated to develop with the prominent CAGR over the forecast years. The presence of severe regulations, like GDPR and the need to comply with them is increasing in the European Union (EU). The rising focus of APAC enterprises on keeping a robust psychologically secure environment because of high global competition and pressures for better efficiency, will mandate APAC enterprises to maintain the optimum level of workplace safety in physical and psychological terms.
Full Report: https://www.kbvresearch.com/workplace-safety-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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