A recent market research report added to the research report portfolio of MarketResearchReports.biz presents a thorough analytical overview of the global market for environmental health and safety. According to the report, the global environmental health and safety market is envisioned to expand at an impressive CAGR of 12% over the period between 2016 and 2024, rising from a valuation of US$3,009.0 mn in 2015 to an opportunity of US$8,315.1 mn in 2024.
The study is titled “Environmental Health & Safety (EHS) Market (Software Type: Quality and Risk Assessment Software, Data Analytics Software, Cost Management Software, Environmental Compliance Software, Energy and Carbon Management Software, and Others; Services Type: Consulting, Project Management, Analytics, Training, Implementation, Auditing, Certification) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.”
The study presents a comprehensive overview of the key factors that will either drive or hinder the growth prospects of the market, along with the trends that will play a decisive role in its overall development in the next few years. The overall impact of these factors on the overall demand for environmental health and safety services and software is also included in the report. An overview of the key opportunities in the market at international as well as regional levels is also included in the report.
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The study states that factors such as legal and statuary requirements abiding corporates to follow EHS norms and a significant rise in corporate investment towards EHS software platforms so as to maintain EHS standards has led to a significant rise in demand for EHS tools and services in the past few years. Furthermore, the significant rise in industrial activities in emerging economies such as the UAE, South Africa, India, and China are also leading to the increased adoption of EHS tools and services in these regions, fueling the global EHS market in turn.
The report segments the global EHS market on the basis of criteria such as component, end-use industry, and geography. On the basis of the chief components, the global EHS market has been segmented into software and services. The software segment is further analyzed for sub-segments such as data analytics, cost management, quality and risk assessment, energy and carbon management, and environmental compliance. The services segment is further analyzed for services such as project management, consulting, analytics, implementation, training, certification, and auditing.
Key end-use industries for EHS tools and services examined in the report are energy and mining, construction, chemical and petrochemical, agriculture, government and public sector, transportation, retail, manufacturing, and healthcare. From a geographical standpoint, the EHS market across regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The report provides a decisive analytical view of the global EHS market by furnishing vast qualitative and quantitative data pertaining to all the segments covered. The segments have been examined on the basis of future and present trends. The regional segmentation of the market provides a thorough overview of the current and the potential future demand for EHS tools and services in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The study presents detailed business profiles of some of the leading companies operating in the market. Some of the market’s leading vendors are Enviance Inc., 3E Company, Catalyst Connection, CMO Software, International Finance Corporation, Intelex Technologies Inc., Enablon North America Corporation, Catalyst Connection, Medgate Inc., EtQ Inc., IHS Inc., SAP SE, UL LLC, ProcessMap Corporation, and IBM Corporation.