Market Size And Forecast: Safety Management Software 2021-2026

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.