The Latest Ehs Software Industry Statistics Explained
A majority (53%) of EHS professionals are actively using, piloting, or seeking EHS software.
The statistic indicates that a substantial portion of Environmental, Health, and Safety (EHS) professionals, specifically 53%, are currently engaging with EHS software in various capacities. This implies that more than half of EHS professionals are either actively using the software in their day-to-day operations, testing it through pilot programs, or actively looking for suitable EHS software solutions to implement in their work. The high percentage suggests a growing trend and recognition among EHS professionals of the benefits and importance of utilizing specialized software tools to enhance their management of environmental, health, and safety practices within organizations.
EHS software is primarily used by large organizations, where about 86% of firms that purchase EHS software have revenues over $1 billion.
This statistic suggests that the adoption of EHS (Environmental, Health, and Safety) software is predominantly seen in large organizations, with approximately 86% of firms purchasing such software having revenues exceeding $1 billion. The high usage of EHS software among big companies indicates a strong commitment to maintaining and improving environmental, health, and safety standards in the workplace. It implies that larger organizations with substantial resources are more inclined to invest in technology solutions that help monitor, track, and manage their environmental impact, employee health, and safety protocols to ensure compliance with regulations and industry best practices. The statistic indicates a correlation between organizational size, financial capacity, and the prioritization of EHS initiatives through software adoption.
Approximately 70% of EHS leaders believe that implementing EHS software will garner cost savings.
The statistic indicates that around 70% of EHS (Environment, Health, and Safety) leaders have a belief that utilizing EHS software will lead to cost savings within their organizations. This suggests a prevailing perception among industry professionals that the implementation of specialized software designed to manage environmental, health, and safety concerns can result in financial benefits. Such a high percentage of EHS leaders expressing this viewpoint suggests a widespread recognition of the potential efficiency improvements, risk reduction, and streamlined processes that EHS software can offer, leading to overall cost savings for businesses in this sector.
Over 80% of EHS decision makers plan to increase their spending on EHS software.
The statistic indicates that a significant majority of Environment, Health, and Safety (EHS) decision makers are intending to boost their expenditures on EHS software in the near future. This suggests a growing recognition among organizations of the importance of investing in software solutions that can help them effectively manage and streamline their environmental, health, and safety programs. The planned increase in spending may be driven by various factors such as a desire to enhance compliance, improve operational efficiency, mitigate risks, and promote a culture of safety within the workplace. Overall, the statistic reflects a positive trend towards prioritizing EHS technology as a key component of organizational strategy and demonstrates a commitment to leveraging software tools to achieve better EHS outcomes.
The Asia-Pacific EHS software market is projected to grow at the highest CAGR during the forecast period.
The statistic indicates that the Asia-Pacific market for Environment, Health, and Safety (EHS) software is expected to experience the highest Compound Annual Growth Rate (CAGR) compared to other regions during the forecast period. This implies that there is a growing demand for EHS software solutions in the Asia-Pacific region due to factors such as increasing regulatory requirements, focus on workplace safety, environmental concerns, and the adoption of technology for managing EHS compliance. The projected high growth rate suggests opportunities for EHS software vendors to expand their market presence and cater to the evolving needs of organizations in the region seeking to enhance their EHS management systems and overall sustainability efforts.
The services segment of the EHS software market is expected to grow at a higher CAGR during the forecasted period of 2021-2026.
This statistic suggests that the services segment within the EHS (environment, health, and safety) software market is projected to experience a higher compound annual growth rate (CAGR) compared to other segments within the industry between the years 2021 and 2026. This indicates a strong potential for increased demand and adoption of services related to EHS software during that time period. The growing emphasis on regulatory compliance, workplace safety, and environmental sustainability practices across industries is likely driving the expansion of the services segment as companies seek assistance with implementation, customization, training, and ongoing support for EHS software solutions.
SME’s are expected to hold a larger share of the EHS software market by 2026.
This statistic indicates a projection that small and medium-sized enterprises (SMEs) will increase their presence in the market for Environmental, Health, and Safety (EHS) software by 2026, gaining a larger share compared to larger corporations. This growth trend suggests that SMEs are recognizing the importance of investing in EHS software solutions to manage and mitigate risks, ensure compliance with regulations, and promote sustainable practices. The increasing availability of user-friendly and cost-effective EHS software tailored for SMEs, coupled with growing awareness of the benefits of proactive environmental and safety measures, is likely driving this expected shift in market share towards SMEs in the coming years.
The United States dominates EHS Software market with a 41.96% share, followed by Europe at 26.79%.
This statistic indicates the distribution of market share within the Environmental, Health, and Safety (EHS) software industry, with the United States holding a prominent position by capturing 41.96% of the market share. The data further reveals that Europe closely follows with a market share of 26.79%. This suggests that the United States leads the global EHS software market in terms of both the number of companies providing such software solutions and the adoption of these solutions by businesses. The significant market share held by the United States underlines its dominance in this sector, likely driven by a combination of factors such as technological innovation, regulatory frameworks, and industry demand for EHS software solutions.
The EHS Software Market in China and Japan is anticipated to grow at a high pace.
The statement indicates that the market for Environment, Health, and Safety (EHS) software solutions in both China and Japan is expected to experience significant growth in the near future. This growth is likely driven by increasing awareness and enforcement of environmental and safety regulations in these countries, prompting organizations to invest in software tools to ensure compliance and manage risks effectively. As companies prioritize workplace safety, environmental sustainability, and regulatory compliance, there is a growing demand for EHS software to streamline processes and improve overall risk management. This projected high growth rate suggests new opportunities for EHS software providers and reflects the importance of implementing robust software solutions in these markets.
Nearly 41% of companies implemented EHS software to standardize and streamline processes across multiple sites.
The statistic indicates that almost 41% of companies have adopted Environmental Health and Safety (EHS) software as a tool to standardize and streamline their processes across various sites. This suggests that a significant portion of companies recognize the importance of maintaining compliance with regulations and ensuring the safety of their employees and the environment. By implementing EHS software, these companies aim to achieve consistency and efficiency in managing their EHS practices across different locations, potentially leading to improved operational performance and reduced risks associated with non-compliance. The adoption of such technology reflects a proactive approach towards managing EHS responsibilities and demonstrates a commitment to sustainability and corporate social responsibility within these organizations.
Around 30% of EHS software buyers were replacing homegrown systems.
This statistic indicates that approximately 30% of buyers of Environmental, Health, and Safety (EHS) software are choosing to replace their existing homegrown systems with commercially available software solutions. Homegrown systems are custom-built software developed in-house to address specific EHS management needs. The fact that a significant portion of buyers are opting to replace these homegrown systems suggests a growing recognition of the limitations and challenges associated with maintaining and updating bespoke software solutions. By shifting to commercial EHS software, organizations may benefit from advanced features, improved functionality, regular updates, and dedicated support, ultimately enhancing their ability to manage EHS requirements efficiently and effectively.
The oil & gas industry is anticipated to hold the largest share of the EHS market by 2026.
The statistic indicates that the oil & gas industry is expected to dominate the Environmental, Health, and Safety (EHS) market by 2026, holding the most significant market share among all sectors. This suggests that the oil & gas industry will likely invest the most in implementing EHS practices and technologies to ensure compliance with regulations, minimize risks to health and safety, and reduce environmental impacts associated with their operations. This trend could be driven by the industry’s high-risk nature, stringent regulatory requirements, and growing emphasis on sustainability and corporate social responsibility. Additionally, it implies that EHS solution providers will likely target the oil & gas sector as a key market for their products and services in the coming years.
Incident management is the dominant application area for EHS software.
This statistic suggests that incident management is the most commonly utilized application area for Environment, Health, and Safety (EHS) software across multiple industries. Incident management involves the systematic recording, tracking, and resolution of any workplace incidents such as accidents, injuries, or near-misses that may impact the health and safety of employees or the environment. By being the dominant application area for EHS software, it highlights the critical importance placed by organizations on effectively managing and mitigating incidents to ensure the safety and well-being of their workforce and compliance with regulatory requirements.
On-premises deployment of EHS software is more common, with over 64% market share, leaving 36% for the cloud.
The statistic indicates that on-premises deployment of Environmental, Health, and Safety (EHS) software is more prevalent in the market, accounting for over 64% of the market share, while cloud-based deployment holds a smaller share of 36%. This suggests that a majority of businesses are opting to host their EHS software on their own physical servers within their premises rather than using cloud-based solutions hosted on remote servers. The preference for on-premises deployment may be influenced by factors such as data security and compliance requirements, customization needs, and the perceived control over the software and data. Despite the dominance of on-premises deployment, the increasing adoption of cloud-based solutions signals a shifting trend within the EHS software market as businesses seek more flexibility, scalability, and cost-effectiveness offered by cloud technologies.
Most EHS software systems (93%) offer mobile solutions to their users.
The statistic indicates that a significant majority of Environmental Health and Safety (EHS) software systems, standing at 93%, provide mobile solutions to their users. This means that these software systems are designed to be accessible and utilized on mobile devices such as smartphones and tablets. The availability of mobile solutions in EHS software systems enables users to conveniently access and manage health and safety data and processes while on the go, enhancing flexibility, efficiency, and responsiveness in addressing environmental and safety management needs. Overall, this high percentage underscores the industry’s recognition of the importance of mobile technology in empowering users to better manage and promote health and safety practices in various settings.
Almost 67% of firms that buy EHS software have between 1,000 to 5,000 employees.
This statistic indicates that a significant majority of companies purchasing Environmental, Health, and Safety (EHS) software fall within a specific range of employment size, with almost 67% of these firms having between 1,000 to 5,000 employees. This suggests that mid-sized to large companies are more likely to invest in EHS software solutions, potentially due to the complexity and scale of operations that require robust safety and compliance management. The finding underscores the importance of EHS software in helping organizations of this size manage risks, ensure regulatory compliance, and improve overall environmental and workplace safety standards.
The EHS market size was valued at USD 5.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2021 to 2028.
The statistic indicates that the Environmental, Health, and Safety (EHS) market was valued at USD 5.6 billion in 2020. Furthermore, it is projected to grow at a compound annual growth rate (CAGR) of 10.3% from 2021 to 2028. This forecast suggests a positive outlook for the EHS industry, with expectations of significant expansion and increasing market size over the specified time frame. The CAGR provides a measure of the annual growth rate that smoothens out fluctuations in the data, offering a consistent way to assess the industry’s growth trajectory over the forecast period.
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