Market Size And Forecast: EHS Software 2023-2029 (Global)
Bill Pennington
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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 market, as well as the trends and drivers that will shape the market into 2029. The Verdantix model, informed by analysis of EHS software revenues, macroeconomic drivers and insights gathered via research, puts the EHS software market at $1.9 billion in 2023. The market will grow by a CAGR of 14.6%, to reach $4.5 billion in 2029, propelled by various factors. Notably, barriers to the digitization of standard EHS practices will fall, and firms will increasingly adopt advanced technologies. There will be expansion in the mid-market – and into new geographies – with a push towards standardization within international firms. Meanwhile, ESG concerns will remain a consistent and large driver of growth, with reporting requirements and thresholds rising.Adjusted economic drivers and deep market insights provide an expanded view of the EHS software market
Market size data reflect macroeconomic EHS and software-specific trends
Economic drivers indicate steady, but average, global growth
The EHS software market displays continued growth, encouraged by a myriad of drivers
Global spending on EHS software hit $1.9 billion in 2023
Global technology proliferation, along with sustainability drivers, will accelerate growth in select regions
The EHS software market will grow at a CAGR of 14.6% to reach $4.5 billion in 2029
Figure 2. Industries categorized by EHS risk level
Figure 3. EHS software market size by region: 2023
Figure 4. EHS software market size by industry: 2023
Figure 5. EHS software market size by industry risk category: 2023
Figure 6. EHS software market forecast: 2023-2029
Figure 7. EHS software market forecast by region: 2023-2029
Figure 8. EHS software market forecast by risk category: 2023-2029
About the Authors
Nathan Goldstein
Senior Manager
Nathan is a Senior Manager at Verdantix, specializing in EHS software and the convergence of sustainability, EHS and operational risk. He leads research that helps corporate d...
View ProfileBill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
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