Global Environment, Health, and Safety Market Insights Forecasts to 2032

• The Global Environment, Health, and Safety Market Size was valued at USD 6.5 Billion in 2022.
• The Market is Growing at a CAGR of 7.3% from 2022 to 2032
• The Worldwide Environment, Health, and Safety Market Size is expected to reach USD 13.23 Billion by 2032
• Europe is expected to grow the fastest during the forecast period

The Global Environment, Health, and Safety Market size is anticipated to exceed USD 13.23 Billion by 2032, growing at a CAGR of 7.3% from 2022 to 2032. Technological advancements that assist various industries in achieving worker engagement and implementing environment, health, safety, and quality programs are propelling the EHS (Environment, Health, and Safety) market forward.

Market Overview

The term environmental, health, and safety management (EHSM) refers to a company's efforts to improve its environmental, health, and safety (EHS) performance. The process of putting processes in place to ensure and improve the safety of people and their surroundings is known as environment, health, and safety management. These processes are critical to the organization's overall environmental goals being met and maintained. EHS management (Environmental, Health, and Safety) is an essential component of any business's operations. It not only helps to reduce environmental impact and promote employee safety and well-being, but it also helps to increase staff retention. EHS's primary goal is to prevent and reduce workplace accidents, crises, and health issues, as well as environmental harm caused by work activities. EHS is a legal framework that deals with identifying and adhering to a company's production standards, with a focus on working conditions in terms of safety and environmental protection.

Report Coverage

This research report categorizes the market for the global environment, health, and safety market based on various segments and regions forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the environment, health, and safety market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the environment, health, and safety market.

Driving Factors

The ability of environmental health and safety services and software to assist businesses in efficiently managing waste generated will drive market growth. Furthermore, the popularity of environmental health and safety mobile applications is rapidly growing, which is expected to drive the growth of the environmental health and safety market. The presence of strict rules and regulations related to environmental protection and occupational health and safety has increased the demand for environmental health and safety services that assist in monitoring various services such as water conservation, waste management, employee safety, monitoring, emission control, and many others. In addition, the growing awareness of environmental health and safety motivates the organization to deploy these systems.

Restraining Factors

Low-income businesses have been slow to adopt EHS software solutions. The high costs of software implementation and installation are expected to stifle market growth. Low-income countries find it difficult to purchase solutions from other countries and have them installed in their organizations. Installation and subscription fees for these solutions have become prohibitively expensive.

Market Segmentation

The Global Environment, Health, and Safety Market share are classified into component, deployment mode, application, and end user.

• The services are expected to grow fastest in the global environment, health, and safety market during the forecast period.      

Based on components, the environment, health, and safety market has been segmented into software and services. Among these, the services segment is expected to grow fastest in the global environment, health, and safety market during the forecast period. Analytics, Project Deployment and Implementation, Audit Assessment and Regulatory Compliance, Certification, Training, and support are all service segments. EHS services include EHS compliance program development and implementation, and EHS management information system design. Among services, the analytics sector is expected to grow at the fastest rate. Analytics services help businesses collect and analyze data from various sources to increase profit margins.

• The cloud segment is expected to grow at the highest pace in the global environment, health, and safety market during the anticipated period.   

Based on the deployment mode, the global environment, health, and safety market is divided into cloud, and on-premise. Among these, the cloud segment is expected to grow at the highest pace in the global environment, health, and safety market during the forecast period. Given its low cost and ease of implementation, the cloud segment is expected to become a popular delivery mechanism among large corporations and SMEs. SMEs are more likely to use cloud-based solutions than on-premises solutions due to the low cost and round-the-clock support and maintenance provided by software vendors. Cloud software is stored on a server owned by a different provider.

• The industrial waste management segment is expected to grow at the highest pace in the global environment, health, and safety market during the forecast period.   

Based on the application, the global environment, health, and safety market is divided into medical and pharmaceutical waste management, industrial waste management, wastewater management, and others. Among these, the industrial waste management segment is expected to grow at the highest pace in the global environment, health, and safety market during the forecast period. Increased pressure on industries to reduce waste and improve process efficiency will drive demand for EHS services. The most widespread application is industrial waste management, which is expected to grow at the highest pace due to strict international industrial waste, transportation, and disposal regulations.

• The energy and mining are expected to grow fastest in the global environment, health, and safety market during the forecast period.      

Based on end users, the global environment, health, and safety market has been segmented into chemicals and petrochemicals, energy and mining, healthcare, and telecom and IT. Among these, the energy and mining segment is expected to grow fastest in the global environment, health, and safety market during the forecast period. Market participants provide EHS services related to occupational health and safety as well as employee safety. OSHA (Occupational Safety and Health Administration) rules have made it mandatory for businesses to keep an electronic record of workplace accidents and incidents. The increasing number of employee safety regulations in the energy and mining sectors is expected to drive market growth.

Regional Segment Analysis of the Global Environment, Health, and Safety Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global environment, health, and safety market over the predicted timeframe.

North America is projected to hold the largest share of the global Environment, Health, and Safety market over the predicted timeframe. The economies of the United States and Canada are stable and well-established, allowing them to invest heavily in R&D activities that contribute to the development of new technologies. The strict rules and regulations enforced by the governments of the United States and Canada are a major reason for the EHS market's rapid growth. The US EHS department is in charge of developing and implementing safety programs to ensure the safety and well-being of federal, state, and local occupational safety and health and environmental regulations.

Europe is expected to grow the fastest in the global environment, health, and safety market during the forecast period. The European market is rapidly adopting environmental, health, and safety (EHS) services and software to phase out the current take-make-dispose model, maximize raw materials, and reduce waste production. EU-OSHA and the European Environment Agency (EEA) created the laws governing health, safety, consumer protection, and environmental protection. Europe's stringent environmental regulations are expected to drive demand for EHS software and services in the coming years.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global Environment, Health, and Safety along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AECOM
• Jacobs
• Intelex Technologies
• Enablon
• Tetra Tech, Inc.
• SAP SE
• Golder Associates
• SGS SA.
• ERM Group, Inc.
• VelocityEHS
• John Wood Group PLC
• RPS Group
• ETQ

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2022, Partners Group purchased a substantial minority stake in VelocityEHS. This will fuel VelocityEHS's growth and solidify its position as a market leader in the global EHS and ESG software market.

• In September 2022, Cority announced the acquisition of Reporting 21, a well-known sustainability-focused SaaS platform and consultancy. Cority will benefit from the acquisition by enabling organizations to operate responsibly and make better decisions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Environment, Health, and Safety Market based on the below-mentioned segments:

Global Environment, Health, and Safety Market, By Component

• Software
• Services

Global Environment, Health, and Safety Market, By Deployment Mode

• Cloud
• On-premise

Global Environment, Health, and Safety Market, By Application

• Medical and Pharmaceutical Waste Management
• Industrial Waste Management
• Wastewater Management
• Others

Global Environment, Health, and Safety Market, By End User

• Chemicals and Petrochemicals
• Energy and Mining
• Healthcare
• Telecom and IT
• Others

Global Environment, Health, and Safety Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa