Environmental Health and Safety (EHS) Software Market Report 2024

This Environmental Health And Safety (EHS) Software market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The environmental health and safety (EHS) software market size has grown strongly in recent years. It will grow from $6.99 billion in 2023 to $7.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth during the historic period can be attributed to the increasing need for data management, heightened awareness of workplace safety, growing environmental concerns, the need for compliance management, and improved mobile accessibility.

The environmental health and safety (EHS) software market size is expected to see strong growth in the next few years. It will grow to $10.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to the increasing adoption of cloud-based solutions, a rise in corporate social responsibility initiatives, a growing number of workplace accidents, greater automation of compliance processes, and heightened environmental concerns. Major trends during this period include technological advancements, integration with IoT devices, data analytics, the adoption of cloud-based solutions, and machine learning.

The rising number of corporate social responsibility (CSR) initiatives is anticipated to drive the growth of the environmental health and safety (EHS) software market. CSR initiatives encompass actions and programs undertaken by companies to address their impact on society beyond profit maximization. The growth in CSR initiatives is fueled by factors such as enhanced reputation, risk management, consumer expectations, investor attraction, and ongoing innovation. EHS software supports these CSR efforts by aiding companies in tracking sustainability initiatives, ensuring compliance with environmental regulations, and fostering a safer, more ethical workplace. For example, in January 2024, a survey conducted by Virgin Pulse, a US-based employee wellness platform, indicated a 67% increase in participation in wellbeing programs compared to 2022, underscoring the significant rise in employee engagement. Thus, the increasing emphasis on CSR initiatives is propelling the growth of the EHS software market.

Leading companies in the EHS software market are prioritizing the development of advanced technologies, such as EHS solutions for tracking and managing workplace incidents. EHS solutions represent a comprehensive set of practices aimed at managing environmental, health, and safety aspects within organizations. For instance, in February 2023, Health & Safety Institute (HSI) Inc., a US-based software firm, introduced EHS Essentials to meet the rising demand for comprehensive, cost-effective EHS solutions. EHS Essentials is designed to enhance workplace safety and compliance through an integrated platform that streamlines incident management, audits, inspections, and OSHA compliance. This solution facilitates the transition from manual processes to digital systems, improving operational efficiency and ensuring effective EHS management.

In August 2022, Partners Group AG, a Switzerland-based private equity firm, acquired VelocityEHS Holdings Inc. for an undisclosed sum. This acquisition is expected to enhance Partners Group’s investment strategy and position VelocityEHS as a prominent player in the EHS and environmental, social, and governance (ESG) sectors. VelocityEHS Holdings Inc. is a US-based developer of EHS technology.

Major companies operating in the environmental health and safety (EHS) software market are International Business Machines Corporation, Honeywell International Inc., SAP SE, Wolters Kluwer N.V., Drägerwerk AG & Co. KGaA, Tetra Tech Inc., UL Solutions Inc., Ramboll Group A/S, Diligent Corporation, Sphera Solutions Inc., Health & Safety Institute Inc., Cority Software Inc., SafetyCulture Pty Ltd., Benchmark ESG, Verisk 3E, Intelex Technologies Inc., Quentic GmbH, EcoOnline AS, iPoint-systems GmbH, Omnigo Software LLC, Dakota Software Corporation, Nimonik Inc., eCompliance Management Solutions Inc.

North America was the largest region in the environmental health and safety (EHS) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental health and safety (EHS) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the environmental health and safety (EHS) software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Environmental health and safety (EHS) software is a digital tool designed to help organizations manage compliance with environmental regulations, workplace safety, and health standards. It assists companies in tracking incidents, monitoring environmental performance, ensuring regulatory compliance, and fostering safer work environments through features such as data management, reporting, and risk assessment.

The main components of EHS software include solutions and services. Solutions refer to strategies, tools, or systems created to address and manage EHS-related issues. EHS software can be deployed either via cloud or on-premises models. It is utilized across various applications, including small and medium enterprises (SMEs) and large corporations, and serves several industries such as oil and gas, energy and utilities, healthcare and life sciences, construction and manufacturing, chemicals, mining and metals, food and beverages, and others.

The environmental health and safety (EHS) software market research report is one of a series of new reports that provides environmental health and safety (EHS) software market statistics, including environmental health and safety (EHS) software industry global market size, regional shares, competitors with an environmental health and safety (EHS) software market share, detailed environmental health and safety (EHS) software market segments, market trends and opportunities, and any further data you may need to thrive in the environmental health and safety (EHS) software industry. This environmental health and safety (EHS) software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The environmental health and safety (EHS) software market includes revenues earned by entities by providing services such as incident management, risk assessment and management, environmental monitoring, and health and safety training. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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