Market Insight: Comparing EHS Priorities In The European and North American Markets

Executive Summary

The global alignment of EHS priorities is accelerating. This trend is largely dictated by economic and regulatory pressures, with nuances by regional market and unique industry traits. In a period of economic volatility, overall EHS budgets have remained resilient, while ESG-specific allocations have reflected the discrepancy in investment amounts, given the continued geographic discourse around financial and regulatory pressure. Despite regional differences in vendor selection priorities and legislative prerogatives, the overarching core goals and processes around health, safety and the environment are expected to grow in importance across geographies, as novel technologies continue to push the sector towards digitized optimization.   

This report outlines the similarities and differences in the European and North American (NA) markets, considers the specific drivers for each region, and provides a look ahead to the coming years.