Research: IH/OH software spending to hit $400M in 2025 due to COVID-19
The global market for Industrial Hygiene and Occupational Health (IH/OH) software will grow from $253 million in 2020 to $403 million in 2020 according to a new study from independent research firm Verdantix. The forecasted annual growth rate of 10% will be driven by emerging regional adoption of EHS software and increased customer demand for IH/OH software to better manage worker health and exposure. Vendors positioned to benefit from this growth include IH/OH software firms such as Cority, DNV GL, Enablon, Enterprise Health, Gensuite, Intelex, ProcessMap, UL and Velocity EHS.
“Due to the quick spread and disruptive nature, the COVID-19 outbreak will be a long-term positive factor for demand of IH/OH software,” commented Verdantix Senior Analyst Bill Pennington. “Firms are recognizing the value of innovative software to protect workers from exposure as well reliably manage worker health and illnesses. Many of the larger EHS vendors are capitalising on this growing demand by acquiring specialist IH/OH firms to boost their offering.”