Market Size And Forecast: EHS Software 2020-2025 (Global)

Executive Summary

This report helps executives at EHS software vendors, EHS service providers active in EHS information management and investors in the EHS software market understand the current state and size of the EHS software market, as well as the trends and drivers that will shape the market into 2025. The Verdantix market model, driven by EHS software revenues and macroeconomic drivers, estimates that the EHS software market will reach $1.35 billion in 2020. The EHS software market will grow by a 10.1% compound annual growth rate to reach $2.2 billion in 2025. This growth is driven by private equity, which is injecting new money towards product development and acquiring major EHS software vendors. Additionally, the EHS function is focusing on innovation and, with this shift, comes a greater focus on EHS software. These changes have led to increased spending on new EHS technologies, the continued shift from on-premise to SaaS deployment and an increased presence of dedicated IoT safety platforms, all contributing to growth of the EHS software market.