Environment, Health, and Safety Market

Environment, Health and Safety (EHS) Market Size & Share - Worldwide

[252 Pages Report] The global Environment, Health and Safety Market size was valued at $7.9 billion in 2024.  Over the course of projection period, the EHS Market is anticipated to increase at a CAGR of 7.6% in between 2024-2029 to reach over $11.5 billion by 2029. Governments around the world are enacting stricter environmental and safety regulations to protect workers and the environment. This necessitates compliance by businesses, leading them to invest in EHS solutions.

To know about the assumptions considered for the study, Request for Free Sample Report

To know about the assumptions considered for the study, download the pdf brochure

Environment, Health and Safety Market Growth Dynamics

Driver: Digitally connected workforce with connected wearables for safe operations to improve EHS management

Every industry has its set of risks associated with its operations, and the management must take steps to address and mitigate them. Industries are empowering  miners with a new wearable device. Wearable technology adoption is poised to revolutionize productivity and occupational health and safety for workers. These devices, often integrated with advanced electrical components and IoT connectivity, come in various apparel and accessory forms. While initially popular for personal fitness, wearables are increasingly used to monitor health risks and enhance occupational safety.

In the past few years, there has been tremendous growth and rapid change in connected worker solution technologies and market adoption. Industries use digital technologies to increase data flow, information, insights, and actions throughout operations to make processes safer and more efficient. In 2020, workplace safety emerged at the forefront during the COVID-19 pandemic. EHS software is a form of data management built to help users avoid workplace incidents, maintain regulatory compliance, and track untoward incidents. It covers many functions that mostly center on compliance and security, such as safety data sheet management, health and safety management programs, EHS training, emissions tracking management, entry permits management for confined spaces, spill response management, and incident investigations management.

Restraint: Data silos and information gaps

Integrating EHS software with existing enterprise systems, such as ERP or legacy data management systems, presents significant challenges due to the complexity and disparate nature of these systems. Data integration can be complex and time-consuming, requiring coordination between various departments, IT teams, and software vendors. Integrating EHS software with existing systems may lead to the creation of data silos, where EHS data is segregated from other organizational data sources, hindering the flow of crucial information for comprehensive EHS management. Data silos can result in fragmented insights, duplication of efforts, and inconsistencies in reporting, undermining the organization's ability to make informed decisions and effectively manage EHS risks. Overcoming data integration challenges requires careful planning, collaboration between stakeholders, and leveraging integration tools and technologies to ensure seamless connectivity and data exchange between EHS software and other enterprise systems.

Opportunity: Modernization of industry infrastructure for low carbon emissions

Technology companies are exploring ways to reduce the energy consumption of their products. Companies focus on designing energy-efficient products, power supplies, and integrated circuits to be energy-efficient and creating cooperative solutions to help customers reduce their carbon emissions. Environment-friendly corporate practices minimize business risks, improve reputation, and generate enormous market opportunities in the EHS market. In the recent wireless era, numerous devices use wireless technology in their day-to-day activities; these devices consume an extensive amount of energy and emit considerable carbon during usage. Technological companies are presented with an opportunity to reduce the energy consumption of these wireless devices and minimize the amount of carbon they emit.

Challenge: Lack of skills and end-to-end solutions

Although there is an increase in the number of EHS software solution users, more technical expertise is needed to operate and maintain these solutions. Organizations need to recognize the importance of EHS software solutions proactively. This has led to inadequate professional knowledge in handling EHS software solutions, as technological skill sets are required to handle complex EHS software solutions. Due to insufficient end-to-end solutions, organizations use multiple software to generate the required output. Regarding software, an end-to-end solution describes a system that addresses all business needs and processes in one centralized hub. Hence, the concerns related to the availability of technical expertise and end-to-end solutions are restraining the adoption and growth of the global EHS market.

The construction and engineering vertical registered the highest CAGR in the environment, health, and safety market during the forecast period.

The construction and engineering sector of EHS focuses on ensuring safety in construction projects and engineering operations. This sector relies on five key solutions: incident management, audit and inspection, waste management, on-demand training, and compliance management. Demand for EHS services in this sector is driven by stringent regulations, public concern for safety and the environment, and technological advancements. EHS initiatives aim to prevent accidents, injuries, and environmental damage through safety protocols, risk assessments, and compliance with regulations. Technology like digital monitoring systems and wearable safety devices is revolutionizing safety practices in the industry.

Project deployment and implementation services are expected to hold the largest market size during the forecast.

Project deployment and implementation services in the EHS domain are crucial for integrating EHS software effectively within organizations. These services, which include project planning, system configuration, data migration, training, and support, are driven by the growing recognition of the importance of robust EHS management systems in enhancing workplace safety, environmental sustainability, and regulatory compliance. As companies prioritize risk mitigation, operational efficiency, and corporate responsibility, they seek expert assistance in deploying EHS software. Additionally, evolving regulatory requirements and the need to align with industry standards contribute to the demand for these services. With digital transformation initiatives on the rise, specialized expertise is increasingly sought to navigate the complexities of EHS software deployment and ensure seamless integration with existing IT infrastructure.

Based on region, North America is expected to hold the largest market size during the forecast.

North America, encompassing countries like the US and Canada, boasts well-developed infrastructures that fuel a significant demand for EHS solutions. Contributions from leading nations such as the US and Canada primarily drive the EHS market in North America. These countries' robust economies facilitate substantial investments in cutting-edge technologies, further enhancing their market dominance. The stringent regulatory frameworks upheld by the US and Canadian governments are a crucial catalyst for the EHS market's growth. The US's EHS department, for instance, oversees the development and enforcement of safety programs aimed at safeguarding the well-being of workers and the environment, covering areas like chemical safety, occupational safety, and hazardous waste management.

Market Players:

The major vendors in this market include VelocityEHS (US), Wolters Kluwer (Netherlands), Intelex Technologies (Canada), Benchmark ESG (US), Cority Software Inc. (Canada), Sphera (US), Intertek (UK), Quentic (Germany), UL Solutions (US), Ideagen (UK). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their footprint in the environment, health, and safety market.

Want to explore hidden markets that can drive new revenue in Environment, Health, and Safety Market?

Unlock Insights

Click on image to enlarge

Scope of the Report

This research report categorizes the environment, health, and safety market to forecast revenues and analyze trends in each of the following submarkets:

Based on Offering:

• Software
• Services
  • Analytics Services
  • Project Deployment and Implementation Services
  • Business Consulting and Advisory Services
  • Audit, Assessment, and Regulatory Compliance Services
  • Certification Services
  • Training and Support services

Based on Application:

• Health Safety Management
• Environmental & Sustainability Management
• Waste Management
• Energy & Water Management
• Air Quality & Compliance Management
• Incident & Risk Management
• Other Applications

Based on Vertical:

• Energy and Utilities
• Chemicals and Materials 
• Healthcare and Lifesciences
• Construction and Engineering
• Food and Beverage
• Government and Defense
• Other Vertical

By Region:

• North America
  • United States (US)
  • Canada
• Europe
  • United Kingdom (UK)
  • Germany
  • France
  • Italy
  • Spain
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • GCC Countries
    • UAE
    • KSA
    • Rest of GCC Countries
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

Recent Developments:

• In February 2024, VelocityEHS acquired Contractor Compliance, a Canadian-based enterprise safety and risk management software solution provider. The deal adds innovative third-party contractor and vendor compliance capabilities to the award-winning VelocityEHS Accelerate Platform.
• In August 2023, UL Solutions announced the acquisition of CERE, a privately owned, Madrid-based third-party testing, simulation, and certification company.
• In May 2023, Cority announced the acquisition of Greenstone, a UK-headquartered software company with a suite of sustainability solutions for enterprises, supply chains, and asset managers. This marks the third sustainability-focused acquisition for Cority in the past two years, including WeSustain and Reporting 21.
• In January 2023, Wolters Kluwer Legal & Regulatory announced it had acquired Della AI Ltd., a provider of leading AI technology based on advanced NLP. This technology was expected to allow legal professionals to review contracts in multiple languages by simply asking questions.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst