With the emergence and long-term Impact of COVID-19, Global Environment Health & Safety Market to reach USD 77.2 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Environment Health & Safety Market is poised to raise up to USD 77.2 Billion by 2030. Environment Health & Safety (EHS) is used to represent a wide range of laws, regulations, policies, professional programs and workplace practices aimed at safeguarding the well-being of employees, the public, and the environment. The EHS department of a company ensures that work activities do not pose harm to the environment or jeopardize the safety and health of individuals, while also ensuring compliance with relevant legislation. The primary objective of EHS is to prevent and minimize workplace accidents, emergencies, health issues, and any negative impact on the environment resulting from work practices. EHS operates as a regulatory system that identifies and adheres to a company’s production standards, with a strong focus on employment conditions in terms of safety and environmental protection. The driving factors that boosts the growth of EHS market are growing use of health apps (eHealth) by workforce and the rising awareness of Workplace Health and Safety in the organizations.
Geographically, the global Environment Health & Safety market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is projected to have the largest revenue market share during the forecast period due to the presence of a large number of oil and gas extraction companies in the region which heavily rely on environmental health & safety (EHS) services to adhere to regulations and ensure the health and safety of their employees. Asia Pacific is the most lucrative and fastest developing region for Environment Health & Safety due to growing pharmaceutical, manufacturing, construction and mining industries.
The global Environment Health & Safety market is highly competitive owing to the presence of several key manufacturers such as Intelex Technologies, Velocity EHS, Benchmark ESG, Wolters Kluwer, Dakota Software Corporation, Indus Environmental Services, SafetyCulture and others.
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Global Environment Health & Safety Market Size study & Forecast, by Product (Software, Services), by Deployment Mode (Cloud, On-Premises), by End-Use (Chemical & Petrochemical, Energy & Mining, Healthcare, Telecom & IT, Construction, Manufacturing, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Environment Health & Safety Market is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2023-2030.
- In the Product segment, Services emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth due to the presence of a large number of oil and gas extraction companies in the region which heavily rely on environmental health & safety (EHS) services to adhere to regulations and ensure the health and safety of their employees.
- Asia-Pacific is expected to grow at a higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Chemical & Petrochemical
- Energy & Mining
- Telecom & IT
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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