Market Size And Forecast: Safety Management Software 2021-2026

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Executive Summary

This report helps executives at safety management software vendors, EHS service providers, and investors focused on the safety management software market understand the current state and size of the market, as well as the trends and drivers that will shape it into 2026. The Verdantix market model is driven by current macroeconomic drivers and is informed by EHS software revenues and customer distribution across safety management use cases, as indicated by our global survey of 301 EHS software decision-makers. Verdantix calculates that the safety management software market will reach $957 million in 2021. The market will then grow at a 12.1% CAGR to reach $1.7 billion in 2026. This expansion will, in part, be driven by software vendors increasingly targeting a wider portion of the potential market by catering to small and medium-sized enterprises (SMEs). Additionally, growing stakeholder expectations and the impact of environmental, social and governance (ESG) factors are raising safety management standards beyond simply meeting compliance.

Table of contents

Demand For Safety Management Software Is Set To Grow, Aided By The Advancing Technology Maturity Of Customers 
Market Size Data Reflect Aggregate Safety Management Software Revenues And Trends 
Macro-Level Economic Drivers Support Software Growth Across Industries And Geographies 
Global Spend On Safety Management Software Will Reach $957 Million In 2021 
Tapping Into The Unlocked Potential Of The SME Market Will Increase Safety Management Software Spend
Safety Management Software Market Will Grow At A CAGR Of 12.1% To Reach $1.7 Billion In 2026 

Table of figures

Figure 1. Industries Categorized By EHS Risk Level 
Figure 2. Adoption Of Software By EHS Processes In 2021 
Figure 3. Safety Management Software Market Size By Region 2021 
Figure 4. Safety Management Software Market Size By Industry Risk Category 2021 
Figure 5. Safety Management Software Market Forecast And CAGR 2021-2026 
Figure 6. Safety Management Software Market Forecast By Region 2021-2026 
Figure 7. Safety Management Software Market Forecast By Industry Risk 2021-2026 
 

About the authors

Bill Pennington

Research Director, Environment, Health & Safety

Bill leads the Verdantix Environment, Health & Safety practice. His current agenda focuses on EHS and sustainability services, product stewardship as well as benchmarking EHS technology buyer’s budgets, priorities and preferences globally. Bill comes from a background of corporate EHS roles in the manufacturing and logistics industries. He holds an MBS degree in sustainability from the Rutgers University.

Christopher Sayers

Analyst

Chris is a Technology Analyst in the Verdantix EHS practice. His current research agenda focuses on digital mental health and wellbeing solutions. Chris joined Verdantix in 2020 and has previous experience at EY, where he specialised in robotic process automation (RPA). He holds an M.Eng. in Engineering Science from Oxford University with a concentration in machine learning and machine vision.

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