The overall EHS market revenue stream has been estimated based on the revenues of the vendors offering EHS solutions and services. It is inclusive of analytics services; project deployment and implementation services; audit, assessment, and regulatory compliance services; business consulting and advisory services; certification services; and training and support services. The report provides the closest approximations of the revenue numbers for the overall market and its sub segments. The market numbers are further split into regions.
The global EHS market is expected to grow from USD 4.36 billion in 2017 to USD 7.38 billion by 2022, at a CAGR of 11.1% during the forecast period.
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The key players in the Environment, Health, and Safety (EHS) Market include – SAP (Germany), Enablon (US), EtQ (US), Intelex (Canada), Gensuite (US), Enviance (US), Cority (Canada), Verisk 3E (US), VelocityEHS (US), Optial (UK), Sphera Solutions (US), and SiteHawk (US).
The report includes an in-depth competitive analysis of the key players in the EHS market along with their company profile, recent developments, and key market strategies. The report segments the EHS market by component (solutions and services), vertical, and region.
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The global EHS market is expected to grow from USD 4.36 billion in 2017 to USD 7.38 billion by 2022, at a CAGR of 11.1% during the forecast period. Stringent government regulations and guidelines; rising awareness about EHS among employees and organizations; and increasing number of accidents, especially in mining, energy, construction, and chemical industries are some of the factors contributing to the growth of the global EHS market.
Increasing investments in EHS by end users are expected to further drive the market growth. Complex standards and regulations, poor implementation of regulations, and lack of corrective actions are the major factors restricting the growth of the EHS market.
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Analytics services are being rapidly adopted by developing regions, such as APAC, Latin America and MEA. These services help organizations in aggregating data from multiple resources and analyzing it for expanding profit margins.
Once the data is uploaded into the EHS analytics system, organizations can view the data in a customizable dashboard, share the data with other organizations, and import the data into an excel sheet to build their own reports. Primarily, EHS analytics services are cloud-based, and there is no need to connect these services to any external hardware.
Contractors, suppliers, and other stakeholders can view and report their data with the help of analytics services.
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