Snippet: The Utilities industry is forecast to spend $101 million USD on EHS software in 2021, according to independent research firm Verdantix in the Market Size and Forecast: EHS Software 2020-2026 (Global) report.
March 15, 2021 • Glasgow, UK
The utilities industry will spend $101 million USD on environmental, health and safety (EHS) software in 2021, according to a new study from independent research firm Verdantix.
The Verdantix forecast represents a 9.8% growth rate from 2020, in which utilities firms spent $92 million.
For context, this is higher than the expected growth rate of the market overall in 2021, which is 4.7%.
Consequently, out of the 25 industries tracked, utilities is the fourth biggest spender in the EHS software market.
Murray Ferguson, Director at Pro-Sapien Software, an EHS software vendor, commented:
“It’s great to see the utilities sector is active and growing, and as utility firms modernize, we expect to see health and safety benefit, too. Digital transformation in the industry has only been accelerated by the pandemic, and as much of that is being supported by Microsoft Azure and Office 365 platforms, Pro-Sapien stands ready to assist modernizing utility firms with our Office 365-based safety software.”
The Verdantix report, Market Size and Forecast: EHS Software 2020-2026 (Global) details the current state and size of the market, taking into consideration prior forecasts to understand the impact of COVID-19 on growth.
Overall, the EHS software market will reach $1.47 billion in 2021, driven in part by the increasing digitization of EHS processes.
For utilities firms, there are several ways EHS software helps tackle common challenges relating to safety engagement, accessibility to information, and having a remote workforce.
For more information on how Pro-Sapien’s EHS software works for utilities companies, see our Utilities page.
Pro-Sapien is the go-to provider of enterprise Environmental, Health & Safety (EHS) software on SharePoint and Office 365. Developed with high risk and heavily regulated sectors in mind, Pro-Sapien’s award-winning software harnesses the Office 365 platform to to support a range of EHS and Quality functions.
For additional information about Pro-Sapien, or to request a demonstration, please visit www.pro-sapien.com