PUNE, India, Dec. 12, 2019 /PRNewswire/ — In terms of revenue, the global environmental health and safety software market was valued at US$ 1,145.1 Million in 2018, growing at a CAGR of 12.8% over the forecast period.
Owning to the growing size of companies, the need to streamline safety standards and workplace compliance has become one of the major industry challenges. This trait is especially common among government agencies who pioneer rules with regards to safety programs. Despite enormous measures, hazards and safety issues still remain at risk. The adoption of EHS software has hence surged across private and large enterprises sector. The sheer size of these enterprises also adds to the need of the software, wherein some of these enterprises are spread across various departments such as local, state and federal, for instance. The adoption of Environmental Health and Safety Software Market is prevalent across large enterprises, which holds about 61.61% market share. The small and medium-sized enterprises is estimated to deploy the solution on a faster pace and thus showcases high growth potential over the forecast period
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The energy and utilities industry occupied more than 25% of the market share in 2018, and is expected to grow at a CAGR of 13.8% during the forecast period. EHS helps to automatically track, manage and report tasks such as those of air emissions within the industry. The application of in-depth EHS software minimizes the environment, health and safety overheads, additionally, it substantially reduces costs, by over 80%, thus resulting in considerable savings.
The Environmental Health and Safety Software Market report provides qualitative and quantitative analysis of the global market. The scope of the market has been evaluated from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major Environmental Health and Safety Software Market players, their regional and global presence, along with insights into prominent strategies. The geographical analysis focuses on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- Government agencies shoulder the crucial responsibility of making rules with regards to safety standards and workplace compliance. The adoption of EHS by government offices and branches for creating and monitoring safety regulations at workplace is augmenting the Environmental Health and Safety Software Market growth.
- The modular solutions offered by EHS software such as medical and occupational health, environment and waste management, industrial hygiene and safety, in addition to compliance and risk management is being adopted as a unified mechanism to customize data for a specified area. This indicates potential growth opportunity for the market.
- Some of the prominent players operating in the Environmental Health and Safety Software Market include IBM Corporation, SAP SE and Sphera amongst others.
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Global Environmental Health and Safety Software Market
- By Deployment
- Cloud Based
- On Premise
- By Verticals
- Oil and Gas
- Energy and Utilities
- IT and Telecommunication
- By Organization Size
- Small and Medium Sized Enterprises
- Large Enterprise
- By Region:
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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SOURCE Absolute Markets Insights