Environmental health and safety software is now a hot commodity

Must read

3,248 ETH Stolen In Axie Infinity Co-Founder Hack – Here Are The Details

On Thursday night, the Axie Infinity co-founder suffered a hack that included a large amount of ETH being withdrawn from the wallet and...

Coinbase CEO Dispels Rumours: No Government Ban On Nigerians From The Crypto Exchange

Coinbase, a prominent crypto exchange headquartered in the United States, has debunked allegations that it was instructed by the Nigerian government to prevent...

Dogecoin Falls Out Of Top 10 Crypto, Are Meme Coins No Longer A Threat?

Sign Up for Our Newsletter! For updates and exclusive offers...

US Bitcoin Miners Sue Biden Administration In Battle Over Regulation

On Thursday, February 22, Bitcoin miner Riot Platforms, along with industry groups Texas Blockchain Council (TBC) and the Chamber of Digital Commerce, initiated...

Historically, environmental health and safety software hasn’t been a massive market — at least compared to others in the software-as-a-service segment — and it’s admittedly not the most enthralling startup category. But that’s changing, according to a new survey released by research firm Verdantix.

EHS software acts as a data management system for capturing and analyzing information related to occupational health and safety, waste management and sustainability. Companies use EHS software to track emissions and investigate workplace incidents, for example, as well as conduct health and safety training and grant entry to restricted spaces.

Verdantix’s Green Quadrant: EHS Software 2023 survey shows that the EHS software market had more than 50 transactions in the past two years and predicts that it’ll grow from $1.6 billion in 2022 to around $2.7 billion by 2027. Verdantix predicts it’ll buck the global economic downturn, furthermore, due to differentiators like the use of AI and automation.

“Over the past two years, the market landscape for EHS software has undergone a paradigm shift, as EHS providers have expanded their product offerings to meet the ravenous appetite for robust environmental management solutions brought on by the ESG megatrend,” Verdantix industry analyst Chris Sayers said in a statement. “As EHS functions seek to interlink with other business operations, providers are turning to emerging technologies as a point of differentiation and redefining the functional possibilities of EHS software.”

Per the Verdantix report, since ETF Partners invested around €10 million (roughly $11 million) in EHS vendor Enablon in 2011, private equity firms and strategic investors like Wolters Kluwer and Fortive have spent more than $4 billion to buy into the EHS software market. The absence of the world’s largest enterprise software vendors — including IBM, Microsoft, Oracle, Salesforce and SAP — has left a lot of oxygen in the market for midsize businesses to grow.

More articles

Latest article

3,248 ETH Stolen In Axie Infinity Co-Founder Hack – Here Are The Details

On Thursday night, the Axie Infinity co-founder suffered a hack that included a large amount of ETH being withdrawn from the wallet and...

Coinbase CEO Dispels Rumours: No Government Ban On Nigerians From The Crypto Exchange

Coinbase, a prominent crypto exchange headquartered in the United States, has debunked allegations that it was instructed by the Nigerian government to prevent...

Dogecoin Falls Out Of Top 10 Crypto, Are Meme Coins No Longer A Threat?

Sign Up for Our Newsletter! For updates and exclusive offers...

US Bitcoin Miners Sue Biden Administration In Battle Over Regulation

On Thursday, February 22, Bitcoin miner Riot Platforms, along with industry groups Texas Blockchain Council (TBC) and the Chamber of Digital Commerce, initiated...

Bitcoin Sellers Have Returned On Coinbase, Price Decline To Continue?

Data shows the Bitcoin Coinbase Premium Index has turned negative once more, a sign that could prove to be bearish for the asset’s...