The global environment, health and safety technology services market will grow 72 percent, from $475 million in 2015 to $817 million in 2020, according to a Verdantix report.
The research firm 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.
EH&S information management software can help companies not only comply with ever-changing EHS regulations, but can also play a larger role in strengthening EHS management and employee engagement, according to an article published last month on EHS Today.
A separate Verdantix study published late last year found improving environment, health and safety, energy and sustainability reporting are top priorities among sustainability leaders at high-revenue firms: more than 90 percent of respondents cite improvements in health and safety, energy and environmental management as “very important” or “important.”
