- Companies mainly deploy environmental health & safety systems in order to ensure the safety and well-beings of their employees and as well as monitor their environmental balance
- Increasing awareness about employee as well as workplace safety with growing environmental conservation efforts have been at the forefront of the development of the global market
ALBANY, New York, April 6, 2020 /PRNewswire/ -- In its recent research report, TMR provide in depth information about the overall working dynamics of the global environmental health & safety system market. The research report tries to shed light on the current vendor landscape, geographical outlook, prominent growth drivers as well as inhibitors, and the key segments of the global market.
According to the research report, the global environmental health & safety system market was initially valued at US$4,729.3 Mn in 2019. The market is expected to clock up a hefty CAGR of 11.7% over the course of the given period of forecast ranging from 2019 to 2027. With this rate of growth, the global market for environmental health & safety system is expected to reach a valuation worth US$11,500.5 Mn by the end of 2027.
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Global Environmental Health & Safety System Market - Key Takeaways
- The global environmental health & safety system market is segmented in terms of component, end-use sector, and region. The components segment is classified on the basis of services provided and software solutions.
- The segment of environmental health & safety system services has been the dominant one in the global market and is expected to continue lead in the coming years of the forecast period.
- The EHS services have witnessed considerable deployment across a broad range of industry verticals across the globe.
- In terms of end use sector, the segment of chemical & petrochemical industries has been dominating the global market in recent past.
- Increasing adoption from developed and leading economies such as China, Japan, Russia, Brazil, and the US have helped in driving the growth of the segment.
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Environment Health & Safety System Software Type: Quality and Risk Assessment Software, Data Analytics Software, Cost Management Software, Environmental Compliance Software, Energy and Carbon Management Software, and Others; Services Type: Consulting, Project Management, Analytics, Training, Implementation, Auditing, Certification at https://www.transparencymarketresearch.com/environmental-health-safety-market.html
Global Environment Health & Safety System Market - Key Driving Factors
- One of the key driving factors for the growth of the global environmental health & safety system market has been its growing awareness in the emerging economies.
- In recent years, there have been strict regulations and mandates issued for ensuring the workplace balance and employee safety.
- In addition to this, increasing concerns about the environment sustainability is also helping to drive the adoption of environmental health & safety systems across the globe.
- Several federal agencies have launched cost efficient solutions in order to comply with the EHS standards mainly for cost-sensitive economies and SMBs has also had a great effect on the development of the global market.
- A large number of emerging economies are now setting up regulatory regimes and environmental institutions after being profoundly inspired by their counterparts in the US and Europe.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/2292
Global Environmental Health & Safety System Market - Geographical Outlook
- North America, Latin America, Middle East and Africa, Europe, and Asia Pacific are the major regional segments of the global environmental health & safety system market
- The market has been traditionally dominated by the regional segment of North America and is expected to continue leading over the forest period.
Analyze Environmental Health & Safety System Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Global Environmental Health & Safety System Market - Key Players
Some of the key companies in the global environmental health & safety system are IHS Inc., 3E Company, International Finance Corporation, Enablon North America Corporation, SAP SE, UL LLC, and Medgate Inc.
Market Segmentation
- Software Type
- Quality and Risk Assessment Software
- Data Analytics Software
- Cost Management Software
- Environmental Compliance Software
- Energy and Carbon Management Software
- Others
- Services Type
- Consulting
- Project Management
- Analytics
- Training
- Implementation
- Auditing
- Certification
- Region
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
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