Workplace Safety Market by Component, System, Application, Deployment Mode, End-user and Region - Global Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Workplace Safety Market by Component (Hardware, Software, and Services), System, Application (Incident and Emergency Management, Asset Tracking, PPE Detection), Deployment Mode, End-User (Industrial and Commercial), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global workplace safety market size is expected to grow from an estimated value of USD 12.1 billion in 2020 to USD 19.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.4% from 2020 to 2025.

The workplace safety market is driven by various factors, such as increasing need for stricter safety regulations and substantial shift within industries towards a more holistic approach to health and well-being. However, lack of skilled workplace safety and health professionals, and lack of employee engagement, are some of the factors restraining the growth of the workplace safety market.

Software segment to grow at a higher CAGR during the forecast period.

In today's work environment, companies must ensure the safety of workers and assets by reducing incidents, identifying and mitigating safety risks, and complying with occupational safety regulations, all while controlling costs. The safety management solution helps organizations by improving the safety culture and protecting the workforce across the enterprise. The solution collects and analyzes data, including real-time field data collected through mobile devices, to identify occupational hazards that create risks for injuries and illnesses. Moreover, the software helps organizations by transforming and leading them on a path to employee and environment safety.

Due to global lockdown, the adoption of digital and cloud-based solutions and services has increased. As almost 70-80% of workers are working from home, the demand for software and solutions has increased. Organization's concern to track the workers' activities and ensure their safety while working remotely has increased the market of software.

Environmental health and safety (EHS) segment to account for a higher market share during the forecast period

EHS promotes a safe and healthy working environment. It can also create a favorable industrial relations climate, build a great reputation, and avoid potentially expensive shutdowns, sickouts, or avoidable injuries. With this system, employees are able to meet the inherent health requirements and work-related occupational exposures. To comply with regulatory and policy requirements, such as OSHA standards for medical surveillance, companies need to safely store, archive, track, and share employee medical records with employees or relevant authorities at any time. Tracking and analyzing trends in health issues or absences enables organizations to proactively implement changes to working environments to serve the workforce. The environmental health and safety system helps organizations streamline the management of employee medical information and activities so that they can spend less time on paperwork and more time on delivering care to their employees. Organizations can effectively keep track of their workers' medical history, plan visits, and manage prescriptions and treatments with environmental health and safety systems.

North America is to account for highest market share during the forecast period

North America is expected to be the largest contributor in terms of the market size in the workplace safety market. It is home to global innovative technology providers and filled with affluent and tech-savvy consumers demanding cutting-edge workplace safety solutions. The major factors driving the growth of workplace safety in North America include the strengthening of safety standards and government regulations. Workplace Health and Safety (WHS) regulatory frameworks aim to secure the health and safety of workers and the workplaces around them. Various regulatory frameworks enable the safety and security of places that require workplace safety products, thus acting as a driver for the growth of the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview And Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.3 Covid-19 Pandemic-Driven Market Dynamics And Factor Analysis

5.3.1 Drivers And Opportunities

5.3.2 Restraints And Challenges

5.3.3 Cumulative Growth Analysis

5.4 Industry Standards And Regulations

5.5 Use Cases

5.6 Ecosystem

5.7 Value Chain

5.8 Average Selling Price

5.9 Porter's Five Forces

6 Workplace Safety Market, By Component

7 Workplace Safety Market, By System

8 Workplace Safety Market, By Deployment

9 Workplace Safety Market, By Application

10 Workplace Safety Market, By End User

11 Workplace Safety Market, By Region

12 Competitive Landscape

13 Company Profiles

13.1 Introduction

13.2 IBM

13.3 Honeywell

13.4 3M

13.5 Hexagon AB

13.6 Appian

13.7 Microsoft

13.8 Bosch Building Technologies

13.9 Cority

13.10 Enablon

13.11 Intelex

13.12 HSI

13.13 Vector Solutions

13.14 INX Software

13.15 Arventa

13.16 AWS

13.17 Panasonic Corporation

13.18 Damotech

13.19 Startup Company Profiles

13.19.1 Vero Solutions

13.19.2 Atheer

13.19.3 Kinetic

13.19.4 Ehs Insight

13.19.5 ANVL

13.19.6 Intense Eye

13.19.7 Basicsafe

13.19.8 Engage EHS

13.20 Right To Win

14 Adjacent Markets

15 Appendix

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