Global Environmental Health and Safety Software Market Size & Growth (2021 – 2026)
The Global Environmental Health and Safety Software market was valued at 5.3 billion USD in the year 2019 and is expected to increase to 8.6 billion USD by the end of 2024, and also expand with a compound annual growth rate of 10.2{b5d304c96e94113bdfc523ff4218a1efff4746200bdb9eeb3214a56a1302f2e4} during the forecast period of 2021 to 2026.
DRIVING FACTORS
One of the major driving factors of the global Environmental Health and Safety Software market is the rising strict laws, regulations, guidelines and processes related to the safety of the environment, which will also help the growth of the market in the coming years. The acceptance of international standards across emerging economies, emergence of predictive analytics and IOT in the market are some other major driving factors of Environmental Health and Safety Software market in terms of revenue rate that will continue in the next few years. Increasing business demand to enhance operational efficiency and stability, rapid increase in demand for EHS solutions and services are some of the major aspects that drives the growth of the market of Environmental Health and Safety software.
CHALLENGES
Data privacy issues as well as privacy concerns are some of the major restraint effecting the development of the global Environmental Health and Safety Software market. Another major limitation that is limiting the growth of the market is the high price associated with the software.
Global Environmental Health and Safety Software Market Segmentation
This global market research report is segmented on the basis of component, services, deployment mode, vertical, and region.
- On the basis of component, the Environmental Health and Safety Software market is mainly segmented into two types such as solutions and services.
- On the basis of services, the market of Environmental Health and Safety Software is divided into analytics, project deployment and implementation, business consulting and advisory, audit, assessment, regulatory compliance, certification, training and support.
- On the basis of deployment model, the market of Environmental Health and Safety software is bifurcated into two types, namely cloud and on-premises. Among these, the on-premises segment holds the major hare of the market as it enables the deployment of EHS solution within a company premises, and it helps customers to maintain compliance needs and monitor the security of applications that have been deployed.
- On the basis of vertical, the Environmental Health and Safety software market is separated into energy and utilities, chemicals and materials, healthcare, construction and engineering, chemicals and material, food and beverages, government and defense, automotive, telecom, IT and retail. Among these, energy and utilities segment holds the dominant share of the market as it has witnessed the significant adoption of EHS solution because of the evolving laws, regulations and standards around the world.
Regional Analysis
The Environmental Health and Safety Software market is studied in various regions all around the world such as:
- North America – US, Mexico, Canada and rest of North America
- Europe – Germany, Spain, Italy, UK and France
- Asia Pacific – India, Japan, China, Australia and rest of Asia Pacific
- Rest of the World
Among these regions, North America holds the major share of the market of Environmental Health and Safety Software owing to the well-established infrastructures, which helps to generate a huge demand for EHS solution as well as increasing investments by the major key players in the United States and Canada. North America region is also expected to hold the dominance of the market during the outlook period.
Asia Pacific region holds the second largest share of the market of Environmental Health and Safety Software due to the increasing business demand to enhance operational efficiency and stability especially in the nations like India, China, Japan, Australia, etc.
Europe is expected to record an increase in this market during the forecast period owing to the rapid increase in the need for EHS solutions and services across the Europe nations.
Key market players:-
Some of the key players in the global Environmental Health and Safety Software market are IsoMetrix (South Africa), Airsweb (England), Quentic (Germany), Sphera (US), Enviance (US), ETQ (US), UL (US), SAP (Germany), DNV GL (Norway), SAI Global (US), Verisk 3E (US), Enablon (France), VelocityEHS (US), Intelex (Canada), Gensuite (US), Cority (Canada), Dakota Software (US), ProcessMAP (US), SafetyCulture (Australia), ProntoForms (Canada), and Enhesa (US).
Impact of COVID-19 on Environmental Health and Safety Software market
Due to the unprecedented coronavirus outbreak, all the companies have suffered in terms of the production and demand, supply chain and market disruption and also financially. Most of the companies have halted their manufacturing units because of the strict government lockdown regulations imposed by the authorities in various developed and developing nations of the world. Almost all the companies have closed and due to the financial crisis since March 2020, they have terminated some of the employees as they cannot pay salaries and are also facing severe financial problems due to the COVID-19 pandemic.
Since all the countries have lifted the lockdown and gave permissions to the companies to restart their operations with strict rules and regulations. Major companies have restarted their production units which in turn started the supply chain of their products and helping them to recover their financial crisis.
In the field of Environmental Health and Safety Software market, the companies related to the market are expecting that the market will gain some profits in the upcoming two to three years with rising strict laws, regulations, guidelines and processes related to the safety of the environment.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Environmental Health and Safety Software Market, By Component
6.1.1 Solution
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Environmental Health and Safety Software Market, By Services
6.2.1 Analytics
6.2.2 Project Deployment and Implementation
6.2.3 Business Consulting and Advisory
6.2.4 Audit
6.2.5 Assessment
6.2.6 Regulatory Compliance
6.2.7 Certification
6.2.8 Training And Support
6.2.9 Market Size Estimations & Forecasts (2021-2026)
6.2.10 Y-o-Y Growth Rate Analysis
6.2.11 Market Attractiveness Index
6.3 Environmental Health and Safety Software Market, By Deployment Mode
6.3.1 On-Premises
6.3.2 Cloud
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Environmental Health and Safety Software Market, By Vertical
6.4.1 Chemicals and Material
6.4.2 Food and Beverages
6.4.3 Government and Defense
6.4.4 Energy and Utilities
6.4.5 Healthcare
6.4.6 Construction and Engineering
6.4.7 Automotive
6.4.8 Telecom
6.4.9 IT
6.4.10 Retail
6.4.11 Market Size Estimations & Forecasts (2021-2026)
6.4.12 Y-o-Y Growth Rate Analysis
6.4.13 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America – Market Analysis (2018 – 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Services
7.2.4 By Deployment Mode
7.2.5 By Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Services
7.3.4 By Deployment Mode
7.3.5 By Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Services
7.4.4 By Deployment Mode
7.4.5 By Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Services
7.5.4 By Deployment Mode
7.5.5 By Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Services
7.6.4 By Deployment Mode
7.6.5 By Vertical
8. Key Player Analysis
8.1 SAP SE
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Airsweb
8.3 Quentic
8.4 Sphera
8.5 Enviance
8.6 DNV GL
8.7 SAI Global
8.8 Verisk 3E
8.9 Intelex
8.10 Cority
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
