Workplace Safety Market Size is Projected To Reach 30.4 Billion USD By 2028 At A CAGR of 12.8% | Valuates Reports
BANGALORE, India, Nov. 2, 2022 /PRNewswire/ -- Workplace Safety Market is segmented by Type - Hardware, Software, Services, by Application - Industrial, Commercial. Global Opportunity Analysis and Industry Forecast, 2022 - 2028. It is published in Valuates Reports under the Public Health Category.
The global Workplace Safety market size is projected to reach 30.4 Billion USD by 2028, from 13.1 Billion USD in 2021, at a CAGR of 12.8% during 2022-2028.
Major Factors Driving The Growth Of The Workplace Safety Market Are
Some of the factors influencing Workplace Safety market expansion include rising workplace injuries and tight industrial health and safety requirements.
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TRENDS INFLUENCING THE GROWTH OF WORKPLACE SAFETY MARKET
The industry will increase as long as environmental, health, and safety services and software can assist businesses in effectively managing their generated garbage. Additionally, the market for environmental health and safety is anticipated to develop as a result of the popularity and proliferation of mobile applications related to these topics.
Managers are able to design unique checklists using good safety management software. For instance, appropriate signage, safety rails, three-point handrails, and anti-slip tiles allow workers to exert themselves fully and fearlessly. A field agent that has faith in their vehicle will depart the job location as quickly as possible and without hesitation. Such minute details can have a major impact on confidence levels and emanate a pleasant vibe.
The systems for workplace safety are made to guard against a variety of ergonomic, chemical, physical, and biological dangers. Therefore, the demand for workplace safety solutions is increased by the growing worries about occupational safety. Significant Workplace Safety market growth is driven by the high need for dependable safety solutions to ensure asset and personal security.
A rise in the demand for environmental health & safety services that aid in monitoring various services such as water conservation, waste management, employee safety, monitoring, emission control, and many others has been caused by the existence of stringent rules and regulations relating to the protection of the environment and occupational health and safety.
Furthermore, the Workplace Safety market is expanding primarily due to the mandated usage of industrial safety solutions in workplaces. The adoption of workplace safety solutions is likely to be sped up by initiatives done by various governmental and regulatory entities, including the National Institute for Occupational Safety and Health (NIOSH) and the Occupational Safety and Health Administration (OSHA).
The use of safety data as a predictive tool for risk management and the rising integration of big data into safety solutions all contribute to the Workplace Safety market expansion. The need for workplace safety solutions is expected to increase throughout the projected period as a result of the remarkable growth that the surveillance sector is experiencing, particularly in Europe and North America. As the market for workplace safety has grown, several companies have begun implementing real-time location monitoring systems (RTLMS), environmental health and safety systems (EHS), and monitoring and surveillance solutions to protect their assets. The Workplace Safety market for industrial safety systems is creating new growth potential because of the industrial internet of things (IIoT).
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WORKPLACE SAFETY MARKET SHARE ANALYSIS
Based on region, the most lucrative region during the forecast period in North America. In the market for workplace safety, North America is anticipated to hold the greatest market share. Regarding infrastructure and usage of security technologies, it is among the most developed locations. The region is seeing a rise in the use of cloud computing across a variety of industries, which has fueled the market for cloud-based workplace safety solutions.
Based on application, During the forecasted years, it is anticipated that the industrial end-user segment will hold the largest market share. Aerospace and defense, mining, building, oil and gas, transportation, pharmaceuticals, semiconductor, and energy and power make up the industrial segment.
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Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Key players
- IBM
- Honeywell
- 3M
- Hexagon
- Appian
- Bosch
- Cority
- Enablon
- Intelex Technologies
- Damotech
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SIMILAR REPORTS
- The global Environmental Health and Safety market size is projected to reach USD 222920 million by 2028, from USD 159740 million in 2021, at a CAGR of 4.8% during 2022-2028.
- Global Floor Safety Products Market Insights and Forecast to 2028
- Global Safety and Productivity Solutions Market Insights, Forecast to 2028
- The global Safety Inspection Software market size is projected to reach USD 639.4 million by 2028, from USD 313.3 million in 2021, at a CAGR of 10.6% during 2022-2028.
- The global Safety Signs market was valued at USD 1859 million in 2020 and it is expected to reach USD 2541.7 million by the end of 2027, growing at a CAGR of 4.4% during 2021-2027.
- Global Workplace Safety Systems Market Insights, Forecast to 2028
- Global Workplace Wellness Service Market Insights, Forecast to 2028
- The global Construction Safety Helmets market size is estimated to be worth USD 952.1 million in 2022 and is forecast to a readjusted size of USD 1117.1 million by 2028 with a CAGR of 2.7% during the review period.
- The global eyewear market size was valued at USD 110,900.0 million in 2020, and is projected to reach USD 237,051.1 million by 2030, registering a CAGR of 8.4%.
- The global Flame Retardants market size is projected to reach USD 8262.7 million by 2027, from USD 6592.5 million in 2020, at a CAGR of 2.8% from 2021 to 2027.
- The global IoT market size is projected to reach USD 74630 million by 2028, from USD 34250 million in 2021, at a CAGR of 11.6% during 2022-2028.
- The global Smart Factory market is projected to reach USD 131740 million by 2028 from an estimated USD 71200 million in 2022, at a CAGR of 10.8% during 2023 and 2028.
- The global connector market was valued at USD 62.3 billion in 2020, and is projected to reach USD 114.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.
- The global environmental sensor market size is projected to reach USD 1798.7 million by 2027 from USD 1296.2 million in 2020 at a CAGR of 5.6% during 2021-2027.
- The global E-waste Recycling market size is estimated to be worth USD 17260 million in 2022 and is projected to reach USD 27240 million by 2028 with a CAGR of 7.9% during the review period.
- The global Industry 4.0 market size is projected to reach USD 280150 Million by 2028, from USD 107250 Million in 2021, at a CAGR of 14.4% during 2022-2028.
- The global Automotive Airbags market size is estimated to be worth USD 13960 million in 2022 and is forecast to be a readjusted size of USD 16480 million by 2028 with a CAGR of 2.8% during the review period.
- The global 3D Scanner market size is estimated to be worth USD 3738.7 million in 2022 and is forecast to a readjusted size of USD 7379.5 million by 2028 with a CAGR of 12.0% during the review period.
- The global Face and Voice Biometrics market size is projected to reach USD 10760 million by 2027, from USD 5294.1 million in 2020, at a CAGR of 10.5% during 2021-2027.
- The global wearable technology market size was valued at USD 54841.40 million in 2020 and is projected to reach USD 184403.60 million by 2031 growing at a CAGR of 12.8% from 2022 to 2031.
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