The Europe Workplace Safety Market would witness market growth of 9.7% CAGR during the forecast period (2020-2026). Workplace safety includes safety elements and systems installed on the premises of a company to safeguard the workplace from physical, chemical, biological, and ergonomic hazards. To protect their assets and workers, several industries have deployed environmental health and safety (EHS), real-time location monitoring systems (RTLMS), and access control and surveillance systems.
Some of the major factors that are fuelling the adoption of workplace safety solutions and services are the support from governments, and a rise in initiatives from the regulatory bodies. The EHS solution helps in boosting the productivity of the employees while following the regulations. It plays an important role in industries to maintain the workplace safety following the operational compliances. It saves time by permitting users to develop complicated reports in minutes, utilizing data captured in real-time. Workplace safety solutions further facilitate environmental protection, safety at work, and occupational health management and focus on preventing and decreasing accidents, emergencies, and health problems at work.
The increasing awareness with respect to workplace safety across industries such as oil & gas, healthcare, mining, manufacturing, power generation, among others, is anticipated to fuel the growth of the industrial safety market. Simultaneously, the regulatory bodies have incorporated mandate policies for the industrial establishments to deploy the measures that are associated with occupational safety requirements. This aspect is expected to boost the growth of the industry safety market. Workspaces that include managing hazardous chemicals, equipment with sharp edges, working at very high temperatures and at great heights would further boost the adoption of products related to industry safety equipment.
Based on Component, the market is segmented into Hardware, Software and Services. Based on System, the market is segmented into Environmental Health & Safety, Access Control & Surveillance System, Real Time Location Monitoring and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Incident & Emergency Management, Asset Tracking & Management, Personal Protective Equipment Detection and Others. Based on End User, the market is segmented into Industrial and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Workplace Safety Market in Europe is expected to register a CAGR of 9.7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Honeywell International, Inc., 3M Company, Hexagon AB, Appian Corporation, Microsoft Corporation, Robert Bosch GmbH, Amazon.com, Inc., Panasonic Corporation, and Cority Software, Inc.
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