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Environmental Health and Safety Market Size Worth USD 97.03 Billion by 2025 | CAGR: 8.7%

The Environmental Health and Safety market is expected to grow at CAGR of 8.7% to reach USD 97.03 billion by 2025.

Global Environmental and Health Safety Market to Exhibit a Considerable CAGR; Advent of Advanced EHS Software to Aid Market Growth

The global environmental and health safety market is likely to exhibit a commendable CAGR, driven by the increasing concerns surrounding climate change. The need to preserve environmental resources has become a necessity, due to the rapidly growing industrialization and construction activities across the world. The awareness regarding workplace policies and the efforts put towards betterment of existing safety regulations will create a massive potential for growth for the companies operating in this market. As major concerns have been raised to combat hazardous industrial wastes, it is likely that there will be hefty budget allocations towards developing ways to reduce as well as manage these wastes.

Europe to Dominate the Global Market

The report segments of the global environmental and health safety market based on regional demographics into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, Europe will emerge dominant in the coming years, owing to the enormous industrial hub in several countries across this region. The wastes created by growing industries such as mining and construction, construction, manufacturing, and chemicals and petroleum have contributed to the growth of the regional market. The improving workplace and industrial safety regulations imposed in several European countries such as France, Spain, Germany, and England will aid the growth of the market in Europe.

Browse 60 Tables and 154 Figures spread through over 180 Pages and in-depth TOC on” Environmental Health and Safety Market, By Product (EHS Software, and EHS Services), By Application, By End Use, and by Geography (North America, Europe, Asia Pacific, Latin America and MEA) – Analysis, Share, Trends, Size, & Forecast from 2019 – 2025”

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Services Segment Dominated the Global Market

The report segments the market based on product type into software and services. Among these, the services segment held a higher market share and will continue to dominate the market in the coming years, owing to high product adoption in major countries across the world. A few of the major services provided by associated companies are consulting, monitoring, and testing. Additionally, the designing of corporate strategic models aimed at obtaining and establishing a sustainable environment will aid market growth. Having said that, the software segment is gaining rapid popularity among end users, owing to the ease of use and high efficiency offered by several software across the world. Despite the dominance of services segment, software is likely to exhibit a higher CAGR in the coming years.

The scope of this report covers the market by its major segments, which include as follows:

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