Global Environment, Health and Safety Market to reach USD 9.7 billion by 2027.Global Environment, Health and Safety Market is valued approximately USD 5.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.4 % over the forecast period 2021-2027. Environment, Health, and Safety (EHS) is a broad phrase that companies use to describe laws, rules, regulations, professional programmes, and workplace activities to safeguard employees', the public's, and the environment's health and safety from workplace risks. The EHS department of an organization guarantees that the company's work does not harm the environment or endangers the health and safety of its employees, and that it complies with all relevant laws. The major economic engine in many economies is the government's growing regulations. Employees in industries such as energy and chemicals deal with dangerous products, therefore EHS (environmental health and safety) services and software are used to avoid workplace problems. The presence of strict environmental and occupational health and safety regulations has resulted in a rapid increase in demand for software and services for emission control, water conservation, waste management, employee safety, monitoring, and a variety of other environmental health and safety parameters. Due to the existence of several IT businesses and rigorous Environmental Protection Agency (EPA) rules, environmental health and safety software is projected to see a significant increase in demand in the United States. Companies around the country are boosting their investments in order to improve operational efficiency and comply with Occupational Safety and Health Administration (OSHA) standards. Additionally, the existence of EHS service providers such as AECOM Technology Corporation, Tetra Tech, Enablon, and Velocity EHS is anticipated to help in market expansion by raising awareness. However, the lack of knowledge among market participants, particularly in emerging nations, is projected to stifle the market's growth throughout the projection period. In June 2021, VelocityEHS released a new platform, VelocityEHS Accelerate. This platform is intended to improve operational excellence, health, safety, risk, environmental, social, and cooperative governance.


The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Environment, Health and Safety market. Singapore, Japan, China, India, and Australia are among the developing economies in APAC, and the EHS industry is projected to grow at a rapid pace in these regions. During the projection period, APAC is predicted to have the greatest CAGR. China has seen tremendous industrial expansion and is now the world's manufacturing capital. Its government is strictly implementing EHS regulations and requirements. The Social Science Research Council (SSRC) has launched the China Environment and Health Initiative, which will generate new research on China's health, environment, and development.

Major market player included in this report are:
VelocityEHS
Enablon
Intelex
Cority
Gensuite
Sphera
SAI Global
Quentic
UL
Alcumus
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software
Services
By Deployment Mode:
On-premises
Cloud
By Vertical:
Energy and utilities
Chemicals and materials
Healthcare
Construction and engineering
Food and beverage
Government and defense
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Environment, Health and Safety Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors