The Global Workplace Safety Market size was valued at USD 14.9 billion in 2023 and is estimated to grow at a CAGR of around 15.1% during the forecast period, i.e., 2025-30.
Workplace Safety Market Driver:
Rising Workplace Safety Concerns Due to Increasing Incidents of Injuries & Life Losses – The prioritization of workplace safety has become increasingly important for organizations as they recognize the significance of taking a proactive approach to injury prevention & treatment, reflecting their commitment to the well-being of their employees. The severity of the situation becomes even more evident when taking into account the data provided by the National Safety Council, which reveals that a worker gets injured on the job every seven seconds.
In response to these escalating numbers, the National Institute for Occupational Health (NIOSH) introduced the Total Worker Health concept, signifying a significant change in the industry towards a more comprehensive approach to employee well-being. This transformative initiative has shifted the focus of workplace safety efforts from merely identifying hazardous conditions to actively identifying risks for prevention-oriented programs. As a result, this surge is anticipated to propel the workplace safety market as organizations acknowledge the significance of safeguarding their workforce.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Workplace Safety Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Component
- Hardware- Market Size & Forecast 2020-2030, (USD Million)
- Safety Sensors- Market Size & Forecast 2020-2030, (USD Million)
- RFID Tags & Readers- Market Size & Forecast 2020-2030, (USD Million)
- Wearables- Market Size & Forecast 2020-2030, (USD Million)
- Software- Market Size & Forecast 2020-2030, (USD Million)
- Services- Market Size & Forecast 2020-2030, (USD Million)
- Hardware- Market Size & Forecast 2020-2030, (USD Million)
- By System
- Real-time location monitoring- Market Size & Forecast 2020-2030, (USD Million)
- Environmental Health & Safety- Market Size & Forecast 2020-2030, (USD Million)
- Access Control & Surveillance System- Market Size & Forecast 2020-2030, (USD Million)
- Others- Market Size & Forecast 2020-2030, (USD Million)
- By Application
- Incident & Emergency Management- Market Size & Forecast 2020-2030, (USD Million)
- Asset Tracking & Management- Market Size & Forecast 2020-2030, (USD Million)
- PPE Detection- Market Size & Forecast 2020-2030, (USD Million)
- Personnel/Staff Tracking
- By Deployment Mode
- Cloud- Market Size & Forecast 2020-2030, (USD Million)
- On-premises- Market Size & Forecast 2020-2030, (USD Million)
- By End Use Industry
- Construction & Engineering- Market Size & Forecast 2020-2030, (USD Million)
- Chemicals & Materials- Market Size & Forecast 2020-2030, (USD Million)
- Government & Defense- Market Size & Forecast 2020-2030, (USD Million)
- Healthcare- Market Size & Forecast 2020-2030, (USD Million)
- Food & Beverage- Market Size & Forecast 2020-2030, (USD Million)
- Others- Market Size & Forecast 2020-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – IBM, Honeywell, 3M, Hexagon AB, Appian, Microsoft, Bosch, Cority, Wolters Kluwer, Intelex, HCL Technologies, Amazon Web Services, Hitachi Solutions, Vector Solutions, HIS and others
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