Workplace Safety Market Size, Share, Growth & Forecast 2032

Workplace Safety Market Insights

According to the report published by Zion Market Research, the global Workplace Safety Market size was valued at USD 15.52 Billion in 2023 and is predicted to reach USD 39.22 Billion by the end of 2032. The market is expected to grow with a CAGR of 10.85% during the forecast period. The report analyzes the global Workplace Safety Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Workplace Safety industry.

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Global Workplace Safety Market: Overview

A healthy workplace is a place where managers & workers collaborate and adopt improvement processes to protect and promote the safety, well-being, and health of all the workers in the workplace. It also facilitates the sustainability of the workplace. The workplace safety solutions safeguard the employees and workers from adverse situations that could potentially prove fatal. Any potential explosion, low visibility, falling from a height, and high noise are various indicators included in the workplace safety system to safeguard the workers.

Global Workplace Safety Market: Growth Factors

One of the major factors driving the growth of the global workplace safety market is the growing concerns regarding worker safety all across the globe. Moreover, the significant spike in demand from the chemical, manufacturing, oil & gas sector is likely to propel the growth of the global workplace safety market vigorously during the forecast period. The growing stringent regulations from the government authorities regarding the protection of workers have also boosted demand for workplace safety solutions and software to monitor the employee’s safety and other wellbeing factors.

The continuous technological advancements for the innovation and development of workplace safety systems has led to the adoption of the internet of things in the process to improve the level of performance and safety, which are further expected to propel the growth of the market. Also, the rising awareness among workers regarding the workplace safety systems in the organizations is also boosting the growth of the market globally. The growing complexity in the working process in every sector has significantly increased the incidences of various accidents. In particular, the electric and fire hazards cause several accidents that affect the life of the employees. Hence, such emerging scenarios will significantly boost the growth of the global workplace safety market during the forecast period.

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Global Workplace Safety Market: Segmentation

The global workplace safety market can be segmented into end-user, application, deployment type, system, components, and regions.

By end-user, the market can be segmented into commercial and industrial. The industrial segment procured the largest market share in the global workplace safety market owing to the high demand from energy & power, semiconductor, pharmaceutical, automobile, oil & gas, construction, mining, aerospace, and defense industrial sector.

By application, the market can be segmented into personal protective equipment detection, asset tracking & management, and incident & emergency management. The incident & emergency management segment accounts for the largest share in the global workplace safety market. The growth can be attributed to the growing emergency scenarios like fire and electrical hazards in the organizations.

By deployment type, the market can be segmented into cloud and on-premise. The cloud segment holds the largest share in the global workplace safety market owing to the fact that it facilitates the superior control of data integrated with low risk of data loss and issues regarding regulatory compliance.

By system, the market can be segmented into real-time location monitoring, access control & surveillance system, environmental health, and safety. The real-time location monitoring segment holds hegemony over others due to the growing need for asset tracking, staff tracking, on-site operation monitoring, and proximity tracking activities.

By component, the market can be segmented into services, software, and hardware. The hardware segment dominates the global workplace safety market.

Workplace Safety Market: Report Scope

Global Workplace Safety Market: Regional analysis

North America accounts for the largest share in the global workplace safety market due to the presence of prominent technology providers in the region. Moreover, the region is the hub of tech-savvy consumers who adopt advanced workplace safety systems to safeguard their employees.

Asia Pacific is expected to witness huge growth during the forecast period due to the growing number of startups and small & medium enterprises in the region that require workplace safety solutions.

Global Workplace Safety Market: Competitive Players

Some of the significant players in the global workplace safety market are:

• Engage EHS
• BasicSafe
• Intense Eye
• ANVL
• EHS Insight
• Kinetic
• Atheer
• Vero Solutions
• Damotech
• Panasonic Corporation
• AWS
• Arventa
• INX Software
• Vector Solutions
• HIS
• Intelex
• Enablon
• Cority
• Bosch Building Technologies
• Microsoft
• Appian
• Hexagon AB
• 3M
• Honeywell
• IBM.

The Global Workplace Safety Market is segmented as follows:

By end-user 

• commercial
• industrial

By application 

• personal protective equipment detection
• asset tracking & management
• incident & emergency management 

By deployment type 

• cloud 
• on-premise

By system 

• real-time location monitoring
• access control & surveillance system
• environmental health
• safety 

By components 

• services
• software
• hardware

Global Workplace Safety Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.