The global market for business and IT consulting services related to environment, health and safety information management and EH&S software will grow from $475 million in 2015 to $817 million in 2020, according to a forecast from Verdantix.
Beneficiaries of the 11 percent annual growth rate are AECOM, CH2M, Deloitte, ERM, IBM Global Business Services and Wipro Technologies as well as software providers like Credit360 and SAP who implement their own EH&S software products.
“The consulting market for EH&S information management is set to rebound in a big way as financial investors pour cash into EH&S software vendors enabling them to bring more comprehensive EH&S applications to market” says Verdantix CEO David Metcalfe. “The rise of broader EH&S software platforms will create new opportunities for consultants to customize workflows, integrate with other IT systems and apply business intelligence tools to uncover hidden value in EH&S data sets. The broader and more complex the software, the more customers need help on process design, implementation and integration.”
EH&S Technology Services: Global Market Forecast 2015-2020 is based on financial data from 9,500 firms in eight of the world’s largest economies and deal flow data from the top 25 software vendors and services firms. Highlights from the market model include:
Metcalfe says this is the market’s third phase. From 2000 to 2008 it focused on environmental compliance and from 2008 IT systems for health and safety were prominent. Now the market is moving towards integrated platforms for operational risk management.
An earlier report from Verdantix says the move towards the SaaS model for EH&S software is changing the nature of EH&S technology services engagements and customers are looking for large-scale integration to maximize their EH&S software value.
