According to a research report "EHS Market by Component, Service (Project Deployment and Implementation, Business Consulting and Advisory, Audit, Assessment, Regulatory Compliance), Deployment Mode (Cloud, On-Premises), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Environment, Health, and Safety (EHS) market size expected to grow from USD 5.3 billion in 2019 to USD 8.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.To reach new levels of efficiency, accuracy, and security, organizations need real-time visibility and stability in business operations.
It further assists organizations to comply with existing health and safety rules and regulations.
These features include environmental and occupational health management, energy and water management, waste management, air quality and compliance management, safety management, incident management and risk management, fire safety, and inventory management.The energy and utilities vertical to account for the largest market size during the forecast periodThe energy and utilities vertical has witnessed significant adoption of EHS solution because of the evolving EHS laws, regulations, and standards.
The energy and utilities vertical primarily includes natural gas, oil, nuclear power, coal, renewable energy, electricity, water, waste, and recycling sectors.North America to account for the highest market share during the forecast periodNorth America accounts for the highest market share in the EHS market.
The country leads in the adoption of EHS solution and services along with offering great opportunities for the overall growth of the EHS market.
Increasing government initiatives and programs are expected to drive the EHS market across North America.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=59608773The major EHS market vendors include Enablon (France), VelocityEHS (US), Intelex (Canada), Gensuite (US), Cority (Canada), Quentic (Germany), Sphera (US), Enviance (US), ETQ (US), UL (US), SAP (Germany), DNV GL (Norway), SAI Global (US), Verisk 3E (US), Dakota Software (US), ProcessMAP (US), IsoMetrix (South Africa), Airsweb (England), SafetyCulture (Australia), ProntoForms (Canada), and Enhesa (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.