Environment, Health And Safety (EHS) Management Software Market Size, Share, Growth, and Industry Analysis, By Type (Cloud Based and Web Based), By Downstream Industry (Medical, Maritime, Oil & Gas, Construction, Chemical Industry, and Other), and Regional Forecast to 2032

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ENVIRONMENT, HEALTH AND SAFETY (EHS) MANAGEMENT SOFTWARE MARKET OVERVIEW

The Environment, Health And Safety (EHS) Management Software Market Size was US$ 11071.89 Mn in 2023 and is projected to touch US$ 23222.88 Mn By 2032, Exhibiting a CAGR of 7.69% During the Forecast Period.

EHS is managing software used by many industries. The software is responsible for protecting the environment and maintaining health and safety at occupation. EHS is accountable for monitoring the undue and uncertain cause that might affect the environment and put the safety of workers at risk. The primary purpose is to avoid and minimize workplace accidents, crises, health difficulties, and any environmental destruction that may occur due to work practices. EHS is a regulatory organization that discovers and adheres to a firm’s production standards and emphasizes employment conditions in terms of security and environmental protection.

Rising awareness and concerns regarding the environmental impact and safety of the employees in industries are boosting demand for the software. The government initiative for implementing the services in every business has propelled the market expansion.

GLOBAL CRISES IMPACTING ENVIRONMENT, HEALTH AND SAFETY (EHS) MANAGEMENT SOFTWARE MARKET -COVID-19 IMPACT

"EHS management software market Had a Negative Effect Due to Lockdown Imposition during COVID-19 Pandemic"

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The obligation of lockdown across various regions has lessened carbon emission globally. The pandemic has declined a lot of industrial activities in the short-term. There fewer investments in tech consulting and system integration also witnessed a temporary downfall during that period. Thereby, the gradual opening of lockdown for businesses were restarted and recouped their financial losses and meeting the consumer demand the production process will fast that may lead to a higher level of emission.

LATEST TREND

"Increasing Data Management and Reporting Requirement to Impel Market Growth"

The market trend is the rising data management and reporting requirements propelling the market expansion. Organizations face more stress to collect, manage, and report EHS data to stakeholder and investors. EHS software ensures strong reporting and analytics capabilities. They are making it simple to collect and analyze data, for generating accurate reports to demonstrate compliance.

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ENVIRONMENT, HEALTH AND SAFETY (EHS) MANAGEMENT SOFTWARE MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into cloud based and web based

• Cloud Based: This software is a system that is available over the internet and data is stored and processed on remote servers. It provides greater flexibility, scalability, and accessibility.

• Web Based: It operates through a web browser and requires internet connectivity to provide convenience and ease of use as users can access the software from any device with a browser.

BY DOWNSTREAM INDUSTRY

Based on downstream industry, the global market can be categorized into medical, maritime, oil & gas, construction, chemical industry, and other

• Medical: Healthcare organizations are prioritizing patient safety and well-being. Besides, this EHS in healthcare involves infection control, biohazard management, safe drug handling, and regulatory compliance.

• Maritime: Government and maritime organizations using EHS to prioritize national security, environmental protection, and employee safety.

• Oil & Gas: Energy and utilities including oil and gas, renewable energy, and traditional utilities EHS that focuses on worker protection, environmental risk, and monitoring.

• Construction: This application segment requires advanced EHS efforts including hazard identification, site safety, equipment maintenance, and accident prevention to ensure worker safety and compliance with construction regulations.

• Chemical Industry: This segment faces complex EHS challenges due to the handling of hazardous materials and chemical processes.

• Other: There are other application areas where this software is used such as the food and beverage industry where EHS activities involve food safety protocols and other hygiene measures.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Growing Demand for Wearable Devices to Boost the Market"

The growing factor in the Environment, Health And Safety (EHS) Management Software Market growth is the rising demand for wearable devices in the industries. All industries have a set of risks linked with its operations. Industries are empowering their miners with a new wearable device. Wearable technology implementation is poised to revolutionize productivity and work-related health and safety for workers. These devices are often integrated with advanced electrical components and IoT connectivity to produce various apparel and accessory forms. While initially popular for personal fitness, wearable is increasingly used to monitor health risks and enhance occupational safety.

"Rising Government’s efforts to Enforce Safety Laws to Expand the Market"

Another growing factor for the market expansion is the organizations are required to adhere to a number of worker safety and environmental regulations and requirements by state agencies. Regulatory authorities pressurize companies to advance their operational procedures and make them eco-friendly. In order to decrease the frequency of workplace mishaps, management teams have been suggested to implement EHS software solutions. To improve the safety of the environment and their employees, businesses in all industries must now abide by these government directives and strict limitations. In addition, regulatory compliance pushes businesses to uphold industry norms and rules for all business operations. As a result, these factors are driving growth in the environmental health and safety market.

RESTRAINING FACTOR

"Data Silos and Information Gaps Hinder Market Growth"

The limiting factor for the market expansion is the data silos and information gap. Integrating EHS software with existing enterprise systems, such as ERP or legacy data management systems, presents significant challenges due to the complexity and disparate nature of this system. The software integration with existing systems may lead to the creation of a data repository hindering the flow of crucial information for comprehensive EHS management. High volume of data can result in undermining the organization’s ability to make informed decisions and effectively manage EHS risks.

OPPORTUNITY

"Transformation of Industry Infrastructure Could be an Opportunity for the Market Growth"

Transformation of companies is exploring ways to decrease the energy consumption of their products. Companies are dedicatedly designing energy-efficient products and integrated circuits to create cooperative solutions that can help customers to reduce their carbon emissions. In the wireless era, numerous devices use wireless technology in their day to day activities. These devices consume a high amount of energy and emit huge carbon during usage. Technological industries are presented with an opportunity to improve the energy consumption of these wireless tools and minimize the amount of carbon emission.

CHALLENGE

"Lack of Skills and End-to-End Solution Could Be a Budding Challenge for Market Growth"

Even though there is a boost in the number of EHS software solution users. There is a high requirement for technical expertise to operate and maintain these solutions. Organizations need to utilize the importance of EHS software solutions proactively. The inadequate professional knowledge for handling EHS software solutions as technological skill sets are required to operate complex EHS software solutions hindered the market growth.

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ENVIRONMENT, HEALTH AND SAFETY (EHS) MANAGEMENT SOFTWARE MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North market is boosted by manufacturing hubs and a significant number of major IT companies in the region. Rising knowledge in the developed countries about sustainable growth and the significance of reducing environmental impact is increasing the demand for EHS services. The United States Environment, Health And Safety (EHS) Management Software Market share is the major market contributor to EHS software growth. This growth is because of strict regulations and a growing importance on workplace safety and surroundings sustainability. Major industries such as manufacturing, construction, and energy are contributors to the growing demand for EHS solutions.

• EUROPE

Europe is the second-largest market witnessing rapid growth due to adoption of EHS services and software. They phase out the current take-make-dispose model, exploit raw materials, and limit the amount of wastes produced. European OSHA and European Environment Agency formulated the laws concerning health, safety, consumer protection, and the protection of the environment. The stringent environmental regulations in Europe are probably to spur the demand for EHS software and services over the coming years.

• ASIA

Asia Pacific stands as another key region in the market, determined by the rising need for EHS solutions to ensure worker safety and environmental acquiescence. The growing consciousness among individuals about environmental issues and their impact on health and well-being is propelling market development. The growing market in this region is attributed to the increasing number of occupational well-being, and maintaining standards workplace government initiative for creating standards policies along with rising well-developed infrastructure needs such software to retain overall safety.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Strategies"

Many prominent industry players are focusing on introducing their innovations to maintain their positions in the EHS market and cater the demand from the end consumers. Some other techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and producing new services are used by the market players for staying ahead in the market.

LIST OF TOP ENVIRONMENT, HEALTH AND SAFETY (EHS) MANAGEMENT SOFTWARE COMPANIES

• Wellsite Report (U.S.)
• Lighthouse HSE (Canada)
• SHEQX (Australia)
• IsoMetrix (U.S.)
• SiteDocs (U.S.)
• Safety (U.S.)
• Certainty Software (Canada)
• Gensuite (U.S.)
• Assignar (U.S.)
• Sync (Canada)
• MyEasyISO (U.S.)

KEY INDUSTRY DEVELOPMENT

May 2024: KPA announced the launch of new features in its KPA Flex software platform. These platform enhancements are modified for construction safety programs. They are designed to enhance efficiency, present real-time visibility, and strengthen safety culture.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The environment, health, and safety (EHS) management software market is growing owing to the rising implementation of advanced technologies. Additionally, the strict regulation imposed by the government to incorporate these safety software services. On the other hand, major players are consistently incorporating novel technologies for enhancing their software and providing better software to cater the end user requirements to strengthen their grip in the market. Despite challenges, that includes the untrained personnel for using the software and the information gaps among the end-users. The market is growing because of the transformation of industrial infrastructure and is encouraging market expansion due to the increasing demand for software.