Market Insights
The global environment, health, and safety market is expanding exponentially and is set to gain a valuation of worth USD 8.09 billion during 2018-2023. The growth graph of the market is registered at a CAGR of 11.50% over the forecast years. This report has been presented by Market Research Future analysts who have also studied the growth initiatives for this market.
Environmental health and safety process implement real features of the environment and its protection woes along with safety notions. The monitoring requirements play a vital role in the EHS process, where the EHS department managers tend to identify regulations that must be conveyed to the executive management to cater. Thus, the result of this process involves implementing necessary and suitable actions. The environmental health and safety solutions make it easy for organizations to maintain, track and manage manufacturing and use of chemical activities. While keeping track of such events, more focus is given to chemicals that can harm the environment and living organisms.
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Industry News
March 25, 2019: Bloomberg Environment had announced about the launch of its next-generation compliance solution for Environment, Health & Safety (EHS) professionals, which offered new features and expanded content. The latest Bloomberg Environment offering provided a full range of material integrated on a single platform, including news, analysis, regulatory monitoring, full-text of EHS laws and regulations, case law, and proprietary compliance tools.
Key Players:
The prominent players in the EHS Market are – SAP (Germany), EtQ (US), Gensuite (US), Enablon (US), Intelex (Canada), Enviance (US), Verisk 3E (US), Sphera Solutions (US), Cority (Canada), and VelocityEHS (US).
Optial (UK), and SiteHawk (US) are among the other players in this market.
Global EHS Market Segmentation
Market Research Future Report offers a comprehensive segmental analysis of the global environment, health and safety market that is listed based on component, vertical, and region.
- By the mode of the component, the EHS market comprises of solution and service.
- By the mode of service, this market is further comprised of project deployment & implementation services, audit, assessment, regulatory compliance services, data analytics services, business consulting & advisory services, training & support services, and certification services
- By the mode of vertical, the EHS market comprises of energy & utilities, healthcare, food & beverage, chemicals & materials, construction & engineering, government & defense, and others (telecom and IT automotive, and retail)
Regional Outlook: Global EHS Market
Region-wise, North America, Europe, Asia-Pacific are the geographical segments of the EHS market.
North America is observing to be the leading market due to the US and Canada that are well-established economies and are heavily investing in research and development activities in concert with environment health and safety. As a result, such investments are heavily contributing to the development of new and advanced technologies.
Whereas, Asia-Pacific is expected to be the fastest growing region with a higher CAGR on records. Countries like China, Japan, Australia, and India have also witnessed the adoption of new technologies. The government in these countries is also continuously investing in research and development of the EHS solutions in various organizations, which is supporting the market in positive ways. Europe is also expected to witness growth during the forecast period.
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Target Audience
- EHS service providers
- Consultancy and advisory firms
- EHS solution providers
- System integrators
- Certification and training firms
- Governments
- Regulatory agencies
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