Environmental Services Benchmark Reveals The Seven Leaders In the Market
- Global spend on environmental services to reach $54 billion by 2029 as firms prioritize sustainability actions and risk mitigation
- Environmental services firms are enhancing capabilities to meet demand through market acquisition
Environmental Services Benchmark Reveals The Seven Leaders In the Market
London, UK. The environmental services market is experiencing surging growth as businesses address resource scarcity and escalating climate risks. As sustainability becomes a business imperative, firms are driving demand for environmental services experts. Global spend is projected to reach $54 billion by 2029, as organizations strive to mitigate environmental risks and accelerate sustainable transformation.
With environmental factors increasingly shaping corporate decision-making, and internal resources stretched, services firms from diverse backgrounds are expanding their offerings to deliver comprehensive solutions, for use cases ranging from on-the-ground implementation to boardroom strategy. A new Verdantix benchmark report evaluating nine of the most prominent environmental service providers on the market reveals that three firms – Arcadis, ERM and WSP – demonstrate the most comprehensive environmental services capabilities.
The inaugural Green Quadrant: Environmental Services 2024 report offers business leaders invaluable insights for navigating this dynamic market and for selecting the best-fit services partner. Key report findings:
- Clients are prioritizing environmental services firms with subject-matter expertise, a proven track record of project delivery at scale and a commitment to leveraging a range of techniques and technology to deliver a maximum return on investment.
- Digital innovation is a key differentiator in environmental services, with leading firms investing in tech stack development, software implementation and environmental data management, to optimize operations. Several services firms have developed proprietary digital tools to streamline environmental challenges, such as ERM’s Mine Assure and Arcadis’s HydroNET.
- Environmental services firms offer a comprehensive range of services that generate business-critical benefits for customers, such as mitigating risk, conserving asset investments and optimizing operations. For example, Jacobs’s Intelligent O&M and ERM’s emissions.AI help firms sustainably optimize operations to limit water and energy consumption and reduce carbon emissions.
- Environmental services firms are strengthening their consulting capabilities and geographic reach to capitalize on the growing demand for sustainability projects, through strategic acquisitions, such as the 2024 acquisition by AECOM of Sustainable Engineering Group and ALL4 acquiring Laragon.
“Innovation, investment and acquisition have created a dynamic environmental services market landscape. As organizations transition from setting sustainability goals to taking action, the demand for external partner expertise will intensify,” commented Tom Brown, Senior Analyst, Verdantix. “We’re seeing environmental services firms increase their market share and capabilities through strategic acquisitions. By expanding their offerings, these firms can deliver comprehensive solutions that optimize client resources, mitigate risks and maximize ROI.”
To learn more, read the full report here.
