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Environment Health and Safety (EHS) Market size is set to grow by USD 3.93 billion from 2024-2028, Increase in government initiatives to strengthen EHS compliance to boost the market growth, Technavio

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NEW YORK, June 25, 2024 /PRNewswire/ — The global environment health and safety (EHS) market  size is estimated to grow by USD 3.93 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.68%  during the forecast period.  Increase in government initiatives to strengthen ehs compliance is driving market growth, with a trend towards shifting focus from detection to prevention of hazards. However, need for high initial capital investments for ehs software  poses a challenge. Key market players include AECOM, AMEC Europe LTD., Benchmark Digital Partners LLC, Cority Software Inc., Enhesa NV, Fortive Corp., Hexagon AB, International Business Machines Corp., Johnson Controls International Plc., ProcessMAP Corp., SAP SE, SGS SA, Sphera Solutions Inc., Tetra Tech Inc., Vector Solutions, VelocityEHS Holdings Inc., Verisk Analytics Inc., W. R. Grace and Co., WSP Global Inc., and Wolters Kluwer NV.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (On-premises and Cloud based), End-user (Energy and utilities, Chemicals and materials, Healthcare, Construction and engineering, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

AECOM, AMEC Europe LTD., Benchmark Digital Partners LLC, Cority Software Inc., Enhesa NV, Fortive Corp., Hexagon AB, International Business Machines Corp., Johnson Controls International Plc., ProcessMAP Corp., SAP SE, SGS SA, Sphera Solutions Inc., Tetra Tech Inc., Vector Solutions, VelocityEHS Holdings Inc., Verisk Analytics Inc., W. R. Grace and Co., WSP Global Inc., and Wolters Kluwer NV

Key Market Trends Fueling Growth

The EHS market is experiencing growth due to the heightened focus on risk mitigation in workplaces worldwide. With an increase in work-related injuries and fatalities, such as the 5.7% rise in the US in 2023, companies are investing more in accident prevention. A proactive approach to safety management leads to fewer incidents, lower long-term costs, and measurable returns, particularly for industries with numerous daily hazards. This trend necessitates EHS software vendors to adapt, creating new market opportunities. 

The Environment, Health and Safety (EHS) market is experiencing significant growth due to increasing awareness and regulations. Operational excellence and provision of a safe work environment are key priorities for businesses. Providers of EHS solutions offer services like risk assessment, training, and software solutions. These solutions help companies manage and mitigate risks, ensure regulatory compliance, and improve overall safety. The use of technology, such as IoT sensors and AI, is a trend in the EHS market, enabling real-time monitoring and predictive analysis. Additionally, the market is seeing an increase in demand for contract services, particularly in industries with high risk profiles. Employing EHS best practices not only benefits workers but also enhances corporate reputation and reduces potential legal liabilities. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Small and medium-sized enterprises (SMEs) and large industries encounter significant barriers in implementing EHS software due to high initial costs and ERP system integration issues. The capital required for EHS infrastructure investments restricts market expansion. Integrating EHS software with ERP systems is beneficial, as EHS standards impact most enterprise operations. However, the challenge lies in aligning IT infrastructure with EHS software, which may hinder EHS software adoption and market growth.The Environment, Health and Safety (EHS) market faces several challenges in implementing and enforcing effective protocols. Consuls and projects require consistent compliance with regulations such as Harmonic, Incidentals, and Environmental regulations. The complexity of these regulations can make it difficult for companies to keep up. Additionally, the need for continuous improvement and updating of EHS practices adds to the challenge. The use of technology, such as sensors and automation, can help streamline processes and ensure compliance. However, the cost of implementing and maintaining these technologies can be a barrier for some organizations. Furthermore, the need for employee training and engagement in EHS practices is crucial but can be a challenge due to varying levels of awareness and commitment. Overall, the EHS market requires a proactive and adaptive approach to address these challenges and ensure a safe and healthy working environment.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This environment health and safety (ehs) market report extensively covers market segmentation by

Deployment 1.1 On-premises1.2 Cloud basedEnd-user 2.1 Energy and utilities2.2 Chemicals and materials2.3 Healthcare2.4 Construction and engineering2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 On-premises-  The energy and utilities sector is a significant consumer of Environmental Health and Safety (EHS) software and services, driven by increasing investments and stricter compliance standards. Major players include Cority Software and Intelex Technologies. Countries like China, US, India, France, Spain, and Germany are investing heavily in this industry. China aims to reduce energy intensity and carbon emissions by 13.5% and 18%, respectively, under its 14th Five-Year Plan. Europe also focuses on reducing the industry’s environmental impact, with a target of reducing greenhouse gas emissions by 55% by 2030. Hazardous energy, a potential danger to workers, is a significant challenge. Regulatory bodies like OSHA have implemented standards like Lockout/Tagout practices to safeguard workers, contributing to the growth of the EHS market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Environment, Health, and Safety (EHS) market encompasses a range of services and solutions designed to ensure compliance with environmental protection laws and address public concerns related to health and safety issues. Key areas of focus include water quality management, audit and inspection services, air emission measurement, ergonomics, and corrective actions. EHS service providers offer consulting services, software solutions such as EHS software providers Enablon and eVision, and deployment of systems for various industries like oil & gas, chemical, exploration & drilling, and mechanical engineering. Energy consumption and emergency care training are also essential components of EHS solutions. Companies in this sector help organizations mitigate environmental issues, prevent pollution incidents like oil & gas spills, and maintain a safe and healthy work environment.

Market Research Overview

The Environment, Health and Safety (EHS) market encompasses solutions and services aimed at ensuring workplace safety, protecting the environment, and promoting employee health. This market is driven by stringent regulations and growing awareness of the importance of EHS in various industries. Key areas of focus include air and water quality monitoring, hazardous material management, safety training, and incident management. Technological advancements, such as IoT sensors and AI-powered analytics, are revolutionizing EHS by enabling real-time monitoring and predictive maintenance. Additionally, the market is witnessing a shift towards cloud-based solutions and outsourced services for cost savings and improved efficiency. Overall, the EHS market is a critical component of sustainable business practices and is expected to grow significantly in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud BasedEnd-userEnergy And UtilitiesChemicals And MaterialsHealthcareConstruction And EngineeringOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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SecurityGen and NEC Team Up to Strengthen Cybersecurity Operations for Indonesian Telcos

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Harnessing future-ready solutions and expertise to safeguard Telecom networks against emerging threats

JAKARTA, Indonesia, Sept. 24, 2024 /PRNewswire/ — In a significant development for telecom cybersecurity, SecurityGen, an award-winning global leader in telecom cybersecurity, and PT NEC Indonesia, a leader in IT, network and AI technologies and a multi-vendor system integrator, have announced a partnership to strengthen telecom network defences across Indonesia. This alliance brings together SecurityGen’s cutting-edge security solutions and NEC’s extensive expertise in telecom infrastructure in a bid to combat a spectrum of increasingly advanced cyber threats.

The partnership aims to enhance the performance, reliability, and security of telecom networks throughout the region with SecurityGen providing future-ready threat-informed defence platform, comprising its Breach Attack platform and Monitoring system, and NEC offering crucial professional services to support and optimize these advanced security solutions. SecurityGen will also ensure rapid, effective deployments through comprehensive training and onboarding. By focusing on future-proofed solutions and fostering local talent, this partnership supports NEC’s vision of bolstering its security-as-a-service offering and solidifying its position as a trusted partner for Indonesian telcos.

This collaboration becomes even more vital given the speed with which telecom networks are evolving – making them increasingly complex and vulnerable. Unfortunately, traditional security measures are not effective enough anymore. By integrating advanced, AI-powered threat intelligence with automated security systems, this partnership aims to provide telco SOCs with unprecedented visibility into signalling traffic and robust validation against real-world attacks. This proactive approach, with in-built remediation, will not only mitigate breach risks but also equip security teams with the essential tools and expertise to counteract sophisticated cyber threats and maintain business resilience.

Amit Nath, Co-Founder & CEO of SecurityGen, said, “Our partnership with NEC is a crucial step towards fortifying Indonesia’s telecom sector with the expertise and tools essential for securing modern networks and operations. Together, we’re committed to building local competencies and implementing advanced, research-driven strategies to ensure the long-term security and resilience of the telecom infrastructure.”

Joji Yamamoto, President Director of NEC Indonesia said, “”In Indonesia, we have seen rapidly increasing growth of cloud services, and connected devices and subscribers for IoT use cases. NEC Indonesia welcomes the partnership with SecurityGen to join forces in advancing network security in Indonesia to protect information assets through the introduction and operation of measures against cyber-attacks.”

***

About SecurityGen
Founded in 2022, SecurityGen is a global leader in telecom security. We provide a solid security foundation to drive secure telecom digital transformations and ensure safe and robust network operations. Our extensive product and service portfolio offers complete protection against existing and advanced telecom security threats. www.secgen.com

About PT. NEC Indonesia

NEC first established its Jakarta Representative Office in 1968. Through the years, PT. NEC Indonesia recognized the importance of instituting telecommunications infrastructure for the country and has introduced several NEC technologies and solutions. This has resulted in PT. NEC Indonesia achieving the market leader position of being a total solutions provider for the Indonesian telecommunications industry.

Today, with its headquarters in Jakarta, PT. NEC Indonesia continues to play a significant role in providing total telecommunications and IT business solutions to its customers in the government and enterprise businesses. For more information, please visit http://id.nec.com/ 

 

 

 

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SOURCE PT. NEC Indonesia

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Patricia Calderon, Global Head of Water of CDP: How to drive water action across supply chains

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JAKARTA, Indonesia, Sept. 24, 2024 /PRNewswire/ — This is an article from Patricia Calderon, Global Head of Water of CDP:

Supply chains are the knots that tie our global economy together and allow it to operate as it does.

In recent years those knots have become more complex and fragile.

Major trade routes can be held up by conflict, politics, or simply a container ship running aground. The world is deeply dependent on pinch points functioning with high volumes of traffic and little to no barriers. Below that level exist smaller, more intricate threads which have built up over time, across borders and through river basins.

The fragility now baked into the system is, in part, a result of our changing climate and the unsustainable nature of supply chains. Building resilience within supply chains to adapt to frequent extreme weather events is now crucial. Lessening their environmental impact is part of the same equation.

Deep dive

New research from CDP, the global non-profit leading the world’s environmental disclosure system for companies, cities, states, and regions, has examined the problem using data directly from companies.

We looked at 3,163 large companies with an annual revenue of more than EUR/ US$250 million. These companies disclosed to CDP’s annual water security questionnaire. A total of 1,542 companies – 50% – responded that they are engaging their supply chain on water risks. This includes inserting water requirements into supplier contracts, collecting water data, raising awareness of water issues, or collaborating on innovation.

Further analysis provides a unique insight into how some of the world’s largest brands are grappling with water issues. 1 in 5 companies are facing supply chain risks which could have a substantive financial or strategic impact on their business. These risks were estimated to total US$77 billion. And according to 79 businesses, a total of US$7 billion was deemed to be at immediate risk due to urgent water scarcity, food, regulatory and reputational issues.

Stem the tide

The data is clearly telling us our water supplies are becoming ever more fragile and the financial toll is mounting up. It’s down to large companies with the biggest water impacts to take immediate action, working with their suppliers to stem the tide of water risk.

Our research points to some of the tools currently being used by responsible companies – financial incentives, stricter contracts, and closer engagement are key. A group of forward-thinking businesses are already working on the problem. 443 businesses – 14% – offer their senior leaders, including the board, incentives to improve water management across the supply chain. A smaller group provide direct financial incentives to their chief procurement or purchasing officers.

Buyers and suppliers need to collaborate to ensure sustainability is a business norm. Recognizing it as a key differentiator among suppliers will be essential going forward. If we fail to address these issues the mounting financial impact of water risks will become all too apparent.

Going beyond

The report makes a strong case for companies to take immediate action on water issues in their supply chain and offers six key steps for companies. Each one of these indicators follows from the next: assess supply chain risks and impacts; set global targets; incentivize executives to act; include water in supplier requirements; engage with suppliers; and incentivize and support suppliers.

Ensuring supply chains can build resilience, reduce water risks, and keep our economies going is within reach. But to do so quickly and comprehensively we need to go beyond voluntary measures. The bar should be raised much higher in order to close the gap between where we are now and need to be.

Stronger regulation for mandatory disclosure and transparent reporting mechanisms are imperative to drive progress. This requires a combined approach with government policy, industry standards, and stakeholder engagement all playing a role.

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SOURCE CDP

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J-Stories launches special page to report on largest Japan-Taiwan summit bringing together startups and investors in the region

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This year’s event in Tokyo expanded to its largest scale yet amid growing interest in Taiwan’s dominant semiconductor and AI sectors

Japan’s solutions-focused news service J-Stories is an official media partner of the 2024 Japan-Taiwan Innovations Summit. Here’s J-Stories’ special page where summit-related stories are featured in partnership with Startup Island TAIWAN, Taiwan’s national startup brand. J-Stories is run by Tokyo-based media agency Pacific Bridge Media & Consulting.

TOKYO, Sept. 23, 2024 /PRNewswire/ — The 2024 Japan-Taiwan Innovation Summit, the largest startup event to date featuring Japanese and Taiwanese aspiring to expand overseas, was held this month (Sept.17-18) in central Tokyo. Over 1,000 participants from various sectors – including politics, academia, large business and media – engaged with approximately 70 innovative startups over the two days.

The annual summit, which started two years ago, expanded further from previous years, incorporating cutting-edge industries, including AI, biomedical science, cybersecurity, digital services, fintech, defense and aerospace.

The two-day event was co-hosted by Taiwan’s National Development Council (NDC), a government body of Taiwan, and the Tokyo Metropolitan Government. Tokyo-based media agency Pacific Bridge Media & Consulting also supported the event as the official media partner, featuring various reports and videos about the event on a special online page, bridging the gap between Taiwan’s top entrepreneurs and the startup community in Japan.

Discussed among the main topics were Taiwan’s booming semiconductor supply chain and its uninhibited growth potential within the next decade. Taiwan’s leading chipmaker, TSMC, was launched as a startup more than three decades ago with the support of the Taiwanese government. Now, the international company is building factories in southern Japan, giving those in Tokyo high hopes for Taiwan’s investments in bumping up semiconductor production capabilities and building more factories in Japan.

At this year’s summit, it was not only Taiwanese entrepreneurs who took the floor, but also Japanese startups. The summit featured a significant number of Japanese participants from financial institutions, venture capitalists, and trading companies. This increased Japanese involvement is expected to strengthen the JapanTaiwan network and contribute to the development of a thriving international ecosystem.

To start Day 1, Taiwan’s NDC Minister Liu Chin-Ching (Paul Liu), the Taiwanese delegation leader for this summit, took the stage. Minister Liu stated: “We are implementing the ‘Bridge Plan’ to expand innovation internationally. While we have been advancing innovation domestically in Taiwan, our future goal is to pursue international collaboration, with Japan being our first partner.” He emphasized the significance of Japan and Taiwan’s collaborative efforts. 

A video message from Tokyo Gov. Yuriko Koike was shown following Liu’s speech. She emphasized, “Taiwan and Japan have built a strong cooperative relationship. Let’s join forces between Tokyo and Taiwan to launch significant innovation.”

Among the speakers was Kei Furukawa, an Investment Partner at UTokyo IPC, who gave a lecture titled “Innovation and Startup Development Systems at the University of Tokyo VC,” discussing the advancement of innovation and entrepreneurship through collaboration between government and universities in Japan.

Additionally, there were presentations from Japanese and Taiwanese startups and innovation companies, speeches by notable guests, and more. The summit concluded with an invitation-only opening ceremony for the Taiwan Startup Tokyo office and a gala dinner with investors.

Visit J-Stories’ special page here:
https://jstories.media/jp/specials/jtis

Event Overview:

Name: 2024 Japan-Taiwan Innovation SummitDate: September 17 (Tuesday) – 18 (Wednesday), 2024, 10:00 AM – 5:00 PMVenue: Tokyo Innovation Base (TiB) 2nd Floor (3-8-3 Marunouchi, Chiyoda-ku, Tokyo, in front of Yurakucho Station)Format: On-site participationLanguages: Chinese, Japanese, and English (with simultaneous interpretation)Organizer: Startup Island TAIWAN

For more information on the Japan-Taiwan Innovation Summit 2024, please click here:

https://togethergobig.jp/en-summit

About J-Stories:

J-Stories is an online news platform that communicates innovative ideas, products, and technologies from Japan that address global issues to audiences and investors worldwide in Japanese, English, and Chinese. As the media partner for the “2024 Japan-Taiwan Innovation Summit,” J-Stories will be publishing articles about the summit before and after the event. J-Stories is run by Tokyo-based multilingual media agency Pacific Bridge Media & Consulting.

To receive the latest articles from J-Stories, please subscribe to our newsletter by emailing: jstories@pacificbridge.jp

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SOURCE PACIFIC BRIDGE MEDIA AND CONSULTING

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