The North America Environment, Health and Safety Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
The majority of companies consider EHS as a crucial component. Aspects such as codification and practice of procurement are covered inside the EHS management and they help in keeping the safety of employees and surroundings intact. With the help of technology, EHS management has witnessed a transformation. In addition, by harnessing the potential of technology, management systems are becoming more flexible, and effective. Some of the catalysts that augment the growth of the EHS market are strict government norms to reduce air pollution, a surge in environmental concerns, and a higher deployment of software as a service model. Though, the market growth is hampered by some factors including the huge cost of these solutions and resistance of employees toward EHS. Conversely, the global EHS market is witnessing new growth avenues as companies are highly embracing new technologies like IoT, AI, and Big Data.
The presence of leading market players across the North American region is expected to boost the regional market during the forecast period. In addition, it is clear that after a large-scale disaster, like the COVID-19 pandemic, the threat of perception for several industries has increased. Moreover, government and enterprises are constantly putting efforts to safeguard the environment and workplace safety, which would fuel the growth of the regional EHS market during the forecast period.
Moreover, as the region is home to some of the major IT companies, therefore it is witnessing high demand for EHS software. Furthermore, these companies are highly willing to put heavy investment in this type of software. Hence, these factors are likely to create new growth avenues for the players operating in the regional environment, health, and safety market during the forecast period.
The US market dominated the North America Environment, Health and Safety Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $791.2 million by 2027. The Canada market is showcasing a CAGR of 10.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.6% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Services segment is further bifurcated across Business Consulting & Advisory, Audit, Assessment & Regulatory Compliance, Project Deployment & Implementation, Analytics, Certification and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on End User, the market is segmented into Energy & Utilities, Chemicals & Materials, Construction & Engineering, Healthcare, Manufacturing, Government & Public Sector and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Environment, Health and Safety Market is Estimated to Reach USD 9.2 Billion by 2027 at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ideagen Plc, Wolters Kluwer, Tetra Tech, Inc., WSP Global, Inc., (Golder Associates), SGS S.A., AECOM Corporation, Fortive Corporation, Verisk Analytics, Inc., Cority Software, Inc. and Gensuite LLC.
By Component
By Deployment Type
By End User
By Country
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