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Allied Market Research

Environment, Health, and Safety (EHS) Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A09692
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Jan 2021 | 162 Views
 
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Environment, Health, and Safety (EHS) Market Statistics: 2027

Environment, Health, and Safety (EHS) is a general term organizations use to refer to laws, rules, regulations, professionals programs, and workplace efforts to protect health & safety of employees, public as well as the environment from hazards associated with the workplace. The EHS department of a company ensures that the work undertaken by the company does not cause undue environmental damage and put the worker’s health & safety at risk, and complies with applicable legislation.     

The basic aim of EHS is to prevent and reduce accidents, emergencies & health issue at work along with the environmental damage that could result from work practices. It is responsible for the development and implementation of all health & safety programs in a company. EHS is a regulatory framework, which deals with the identification and compliance of company’s production standards with a particular focus on working place conditions in terms of security and environment safeguard. 

Market scope and structure analysis:

Report Matric

Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered

  • Component
  • Deployment Type
  • Application
  • Enterprise Size
  • Region

  Regions covered

  • North America (the U.S. and Canada)
  • Europe (Germany, the UK, France, and rest of Europe)
  • Asia-Pacific (China, Japan, India, and rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, and Africa)

  Companies covered

  • 3E Company
  • International Finance Corp.
  • Enable North America Corp.
  • SAP SE
  • Medgate Inc
  • HIS Inc.
  • Sphera Solutions
  • Verisk 3E
  • Dakota Software
  • ProcessMAP

 

COVID-19 scenario analysis:

  • The emergence of COVID-19 pandemic has severely affected almost all the industries across the world. Further, lockdown enforcements and restrictions on movement of non-essential goods as well as resources in various countries have disrupted the supply chain of electronic components & networking equipment. Thus, this has led to the delay in supply of electronic components required to manufacture network equipment. 
  • It is expected that the U.S. and global tech market growth are slowing down to nearly 2% in 2020 due to which ICT spending in major economies, such as the U.S., have declined in the first half of 2020 but managed to recover in the second half. 
  • This is expected to impact negatively on the growth of the environment, health, and safety market in upcoming years. In addition, spending on tech consulting and systems integration services is witnessing temporary slowdown and is expected to fall by 5% if big IT organizations cancel their new tech projects.
  • However, the industry is expected to suffer from recession is almost every sector. Computer and equipment spending might be the weakest sector, followed by tech spending and system integration. Software spending growth is estimated to witness a decline. Fortunately, organizations are still predicting growth in the demand for cloud infrastructure services and potential increase in spending on specialized software.  

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

EHS is significant for many organizations. EHS management involves codification and practice of procurement to ensure the safety of workers and their surroundings. Technology has transformed the way EHS is managed and has allowed management systems to become more finely tuned, efficient, and also defined the role of corporate culture. Factors, such as stringent government regulations to decrease air pollution, rise in environmental concerns, and growth in adoption of software as a service model, drive the growth of the market. However, workers’ resistance toward EHS and expensive cost of these solutions restrain the growth of the market. Furthermore, growth in adoption of emerging technologies, such as AI, Big Data, and IoT, provide lucrative opportunities for the environment, health, and safety market.  

Increase in environment concern: 

EHS witnesses constant evolution as organizations and governments get more aware of environment concerns. However, with the development of new technology, new protection measures are also essential. The EHS management has to keep up with the changing environment and adapt to use the technology with the required time. With changing technology, the new regulations are also getting affected, which leads organizations to create new ways to follow standards and stay in compliance. 

Key Segments covered:

Segments

Sub Segments

  Component Type

  • Solution
  • Services

  Deployment Type

  • On-premise
  • Cloud

  Application

  • Medical & Pharmaceutical Waste Management
  • Wastewater Management
  • Industrial Waste Management  

  Industry Vertical

  • IT & Telecom
  • Energy & Utilities
  • Chemicals & Materials
  • Construction & Engineering
  • Government & Defense
  • Food and Beverages
  • Healthcare  and Pharmaceutical
  • Automotive


Key benefits of the report:

  • This study presents the analytical depiction of the global environment, health, and safety market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global environment, health, and safety market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global environment, health, and safety market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the environment, health, and safety market. 
  • The report provides detailed analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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