EHS Software Market Size And Forecast 2019-2024 (Global)
Isabel Velasco
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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.Market Size Data Reflects Aggregate EHS Software Revenues
Global Spending On EHS Software Will Reach $1.2 Billion During 2019
Macro-Level Economic Drivers Support EHS Software Growth That Varies Across Industries And Geographies
New Access To Spending On Operational Risk And Competitive Pressure From Dedicated IIoT Platforms Will Impact Market Development
The EHS Software Market Will Grow At A 9.2% Compound Annual Growth Rate To Reach $1.9 Billion In 2024
Figure 2. EHS Software Investment Plans For 2019 Across Nine Business Processes
Figure 3. 2019 EHS Software Market Size By Region ($millions, %)
Figure 4. 2019 EHS Software Market Forecast By Industry ($millions)
Figure 5. 2019 EHS Software Market Size By Industry Risk Category ($millions, %)
Figure 6. EHS Budget Changes For 2019
Figure 7. EHS Software Market Forecast And CAGR 2019-2024
Figure 8. EHS Software Market Forecast By Region 2019-2024 ($millions)
Figure 9. EHS Software Market Forecast By Industry 2019-2024 ($millions)
Figure 10. EHS Software Market Forecast By Risk Category 2019-2024 ($millions)
About the Author
Isabel Velasco
Industry Analyst
Isabel is an Industry Analyst in the Verdantix EHS practice. Her current agenda focuses on research on all applications of EHS Software, and digital technologies used for EHS ...
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