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EHS software to grow by 6.7% in the next ten years, research shows

EHS software to grow by 6.7% in the next ten years, research shows. (Image source: Canva)

HSE

Each year, nearly three million people lose their lives due to work-related accidents or illnesses, with industrial and manufacturing plants posing significant risks from chemicals, explosives, and heavy machinery.

To address these hazards and enhance safety protocols, companies are increasingly adopting Environmental Health and Safety (EHS) software as a key tool to reduce workplace incidents.

According to global technology intelligence firm ABI Research, the EHS software market is projected to grow at a CAGR of 6.7% over the next decade, reaching US$2.2bn by 2034.

“Safety is an integral part of companies' Environmental, Social, and Governance (ESG) reporting, and it’s become a board-level priority. Businesses must demonstrate improvements in safety metrics, which can foster a stronger safety culture throughout the organisation. However, many industrial and manufacturing sites still rely on outdated paper-based data collection. EHS software allows companies to collect data, analyse it to establish a baseline, and track progress with visualisation tools,” said Michael Larner, analyst at ABI Research.

Employees urged to be part of the conversation

The chemical industry was among the first sectors to recognise the importance of refining safety processes, given the severe consequences of mistakes. However, other sectors such as oil & gas (CAGR 7.0%) and mining (CAGR 7.1%) are beginning to invest heavily in EHS solutions.

“EHS software is no longer limited to safety professionals. With innovations like capturing images via mobile devices, annotating them, and logging potential risks, more employees are encouraged and empowered to take an active role in improving safety within their facilities,” Larner said.

Companies such as Alcumus, ComplianceQuest, Cority, Dakota Software, Enablon, Ideagen, Intelex, IsoMetrix, SafetyCulture, Secova, TenForce, and VelocityEHS are helping businesses digitise their safety protocols and improve overall safety practices.

These insights are part of ABI Research’s analysis report Ensuring Worker Safety with EHS Software. This report is included in the company's Industrial & Manufacturing Markets research service, which provides analysis, data, and expert insights into key market trends.