EHS Software Market Size And Forecast 2019-2024 (Global)

Executive Summary

This report provides executives at EHS software vendors and investors with a detailed analysis of the size and forecast of the global market for EHS software including enterprise, mobile applications and IIoT-centric platforms. According to the market model, spending on EHS software will reach $1.2 billion during 2019 and this will grow at a compound annual growth rate of 9.2%, to reach $1.9 billion in 2024. Positive drivers of market growth include more stringent regulations in emerging markets, such as China; increased corporate spending; and acquisitions that open up access to operational risk budgets. Competitive pressure from safety IIoT platform providers, pricing pressure and the ongoing shift from on-premise to the cheaper upfront cost of cloud-based subscriptions will initially affect market growth negatively. North America and Europe will continue to dominate market share during 2024. Industries facing the highest levels of EHS risk will receive the most spend, yet food and beverage, pharma and transport will contribute the most to industry-level growth.