Organizations are continuously under the pressure of reducing the pollution causing unfavorable impact on the environment owing to their production processes and services. Enterprises look forward to protecting their brand value and image and constantly plan to demonstrate their business practices in a socially responsible and acceptable manner. There are a few departments in organizations working towards reducing and preventing accidents and ensure better health and safety for their employees. Hence, organizations and clubbing with EHS providers to support various functions in their organization. For instance, Gensuite, a company providing support of EHS solutions, partnered with Duracell, an innovator of renewable energy, to launch EHS solutions across its organization to ensure user satisfaction coupled with crisis management, maintenance support, and sustainability.
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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 the EHS market. These players keep innovating and investing in research and development to present cost-effective offerings in the market. Additionally, mergers and acquisitions among the various players is changing the market structure.
The global EHS Market is projected to reach approximately USD 8.09 billion at a CAGR of ~11.50% by the end of the forecast period 2018–2023
The environment, health, and safety market is segmented on the basis of component, vertical, and region. These segments are further sub-segmented into the following:
- By component, the EHS market is bifurcated into solution and service.
- By service, this market is further segmented into project deployment & implementation services, audit, assessment, regulatory compliance services, data analytics services, business consulting & advisory services, training & support services, and certification services
- By vertical, the EHS market is segmented into energy & utilities, healthcare, food & beverage, chemicals & materials, construction & engineering, government & defense, and others (telecom and IT automotive, and retail)
- By region, North America, Europe, Asia-Pacific are the global segments.
The regional analysis of EHS market is considered for North America, Europe, Asia-Pacific and the rest of the world. North America is dominating the market as the US and Canada are well-established economies, heavily investing in research and development activities. These investments are contributing towards the development of new and advanced technologies. Asia-Pacific is also expected to be the fastest growing region in terms of CAGR. China, Japan, Australia, and India have witnessed the adoption of new technologies, and the government in these countries is continuously investing in research and development of the EHS solutions in various organizations. Europe is expected to witness a positive growth during the forecast period.
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- EHS service providers
- Consultancy and advisory firms
- EHS solution providers
- System integrators
- Certification and training firms
- Regulatory agencies
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