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Verdantix Says The Global Market For EH&S Software Will Expand By 11% Annually To Reach $1.4 Billion In 2020The global market for environment, health and safety software will exceed $1.4 billion in 2020 up from $932 million in 2016, according to a new market size and forecast model produced by independent analyst firm Verdantix. The market will grow at a 11% compound annual growth rate over the next 5 years reflecting economic growth, industry dynamics, and private equity investments. Software suppliers such as Dakota Software, DNV GL, EtQ, Gensuite, Mitratech, SAI (News - Alert) Global and thinkstep are positioned to benefit from this growth trend. "In the last 2 years the EH&S software market has changed from a sleepy, cottage industry into a booming growth segment," commented Jordan Nadian, Industry Analyst at Verdantix. "Growth equity investors such as Battery Ventures, Genstar and JMI as well as trade buyers such as UL and Wolters Kluwer have collectively invested more than $500 million into the EH&S software market in the last 18 months. Investment capital is now a major driving force in the growth of the sector." The Verdantix report, 'EH&S Software: Global Market Size And Forecast 2016-2020', is based on revenue data from the 30 largest vendors and estimates of data from an additional 170 smaller vendors based in 17 countries. Report highlights include:
"An increasing proportion of EH&S leaders buy into the business case for EH&S software. The broad acceptance that better information management systems deliver better EH&S results is an essential ingredient in the growth of the market," commented David Metcalfe, Verdantix CEO. "And because the market is driven by hundreds of regulations, a wave of investment, and growing demand for integrated EHSQ platforms, we see few downside risks. But vendors who do not raise capital in 2016 will find the competitive environment increasingly difficult as multiple vendors breach the 500 employee mark." For more information on the evolution of the EH&S software market attend the Verdantix Summits in Amsterdam November 8-9 and Houston May 15-17.
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