A recent report published by Infinium Global Research on safety service market provides in-depth analysis of segments and sub-segments in the global as well as regional safety service market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional safety service market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global safety service market. According to the report, the global safety service market is projected to grow at a CAGR of 9.8% over the forecast period of 2019-2025.
Safety services have vital importance nowadays owing to the significance of safety in every field. Companies operating in the global safety service market are focusing on investments in research and development that propel technological advancement in safety services. The leading players are expanding their market share in the global safety service market through mergers, acquisitions, and new product launches.
The surge in the number of policies and procedures for safety procedures in manufacturing plants drives the growth of the safety service market. The rising importance of workplace safety contributes to the growth of the safety service market. The rising integration of safety services with routine business operations promotes the growth of the safety service market. The increasing complexities of business operations and the need for customer-centric safety service boost the growth of the safety service market. The advancement in technology overcomes the loopholes of predecessor solutions that contribute to the growth of the safety service market. In addition, the growing adoption of wearable safety trackers and different mobile applications in industrial units stimulate the growth of the safety service market. On the flip side, high implementation costs hinder the growth of the safety service market. Moreover, rising advancements in analytics technology, big data, and cloud create numerous opportunities for the growth of the safety service market.
Based on geography, the global safety service market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a dominant share in the global safety service market. The increasing adoption of safety solutions in North America drives the growth of the safety service market in North America. Asia-Pacific region is anticipated to grow in the global safety service market with a significant CAGR over the forecast period. Europe is showing growth in the global safety service market.
The report on global safety service market covers segments such as component, and end-use industry. On the basis of component, the sub-markets include software, service, and other components. On the basis of end-use industry, the sub-markets include oil and gas, chemical, petrochemical, pharmaceutical, wastewater, utilities, transportation of hazardous materials, and other end-use industry.
The report provides profiles of the companies in the market such as Enablon, HazTek Inc., Hygiene Technologies International Inc., Jaama Ltd., WorkCare Inc., Gensuite LLC, Trinity Consultants Inc., VelocityEHS, Eviance Inc., CSA Group, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of safety service market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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