Published Date: 26-Sep-2021
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According to a new report Global Environment, Health and Safety Market, published by KBV research, The Global Environment, Health and Safety Market size is expected to reach $9.2 billion by 2027, rising at a market growth of 7.8% CAGR during the forecast period.
The services segment would witness a promising CAGR throughout the forecast years. Services are considered as the support that EHS organizations provide to help their clients so that they can effectively use the EHS software and maintaining them. Services focus on delivering training and expertise, offering timely improvements to platform or software, and assisting clients in embedding their software or platform with other Information Technology (IT) solutions. The demand & growth of supporting services is fueling among the companies as they are increasingly adopting the EHS software.
The healthcare segment procured a considerable market share in 2020. The fact that EHS holds the potential to better manage facilities, laboratories, and pharmacies combined with ensuring the safety of the employees from biohazards is responsible for the growth of this segment. EHS services involve features like medical waste management, regulatory training, hospital risk assessment, and compliance & safety assessment, which is expected to boost the market growth in the upcoming years.
The Asia Pacific would witness the maximum growth rate over the forecast years. APAC is home to some of the booming countries like Singapore, India, Japan, Australia, and China, which are anticipated to witness promising growth in the EHS market. Moreover, the region would display the maximum growth rate during the forecast period. There is a massive industrial development in China and it is also the manufacturing hub of the world. Moreover, the government of China is constantly formulating stringent EHS norms and compliances.
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 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.
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