Vital for Enhancing Worker Safety, Environmental Health and Safety Software Market to Top US$2 Billion in 2034
EHS Software is evolving from simply replacing paper records to driving real cultural change
NEW YORK, Sept. 11, 2024 /PRNewswire/ -- A single injury or death is one too many at an industrial or manufacturing plant, and yet nearly 3 million individuals die annually from work-related accidents or diseases. Chemicals, explosives, and heavy machinery pose significant hazards to workers. As companies look to improve their safety processes and efficient methods for logging incidents, they are turning to Environmental Health and Safety (EHS) software as a critical tool to reduce the volume of safety incidents. Global technology intelligence firm ABI Research forecasts that the EHS software market will grow by CAGR 6.7% over the next ten years and reach revenues of US$2.2 billion in 2034.
"Safety is a component of companies' Environmental, Social, and Governance (ESG) reporting. As a board-level requirement, companies need to show improvement in safety and a whole host of other metrics. These metrics can trigger an improved culture around safety and cascade throughout the company. However, paper-based data collection persists in many industrial and manufacturing plants. EHS software enables customers to gather data, analyze it to provide a baseline, and track progress with visualization tools," explains Michael Larner, Distinguished Analyst at ABI Research.
The chemical industry was one of the first verticals to appreciate the importance of improving processes to ensure safety as any missteps can have dramatic consequences. However, spending in the oil & gas industry (CAGR 7.0%) and the mining industry (CAGR 7.1%) shows that these sectors are catching up.
"Safety professionals are no longer the sole users of EHS software. Innovations such as the ability to capture images via a mobile device's camera, annotate them, and log potential risks encourages and empowers more staff members to embrace improving safety at their facility," Larner concludes.
Companies such as Alcumus, ComplianceQuest, Cority, Dakota Software, Enablon, Ideagen, Intelex, IsoMetrix, SafetyCulture, Secova, TenForce, and VelocityEHS are enabling their customers to digitize safety procedures and enhance related safety protocols.
These findings are from ABI Research's Ensuring Worker Safety with EHS Software application analysis report. This report is part of the company's Industrial & Manufacturing Markets research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
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SOURCE ABI Research
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