Environmental Health and Safety (EHS) Market: Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow 2018 - 2026
Environmental Health & Safety (EHS) Market in Brief The global environmental health & safety (EHS) market was valued at US$ 4,729.3 Mn in 2019 and is expected to reach US$11,500.5 Mn by 2027, expanding at a CAGR of 11.7% from 2019 to 2027. The EHS market is expected to witness prominent growth in the near future, especially in developing economies. Adoption of EHS across SMBs was low in the early years due to the high cost of environmental compliance software. Thus, to adhere with EHS norms and regulations, several Federal agencies have been operational across developing economies to ensure the implementation of EHS. Furthermore, these agencies have introduced cost-effective solutions to comply with EHS standards primarily for SMBs and cost-sensitive economies. Prominent driving factors for the EHS market are the multiple statutory and legal requirements to maintain EHS safety standards. This is e...