Safety Service Market Size, Share, Trends, Growth and Forecast 2032

Safety Service Market Insights

According to Market Research Store study, the global Safety Service Market size is anticipated to reach USD 18.83 Billion by 2032 from USD 11.05 Billion in 2023. Moreover, the global market is expected to witness a CAGR of 6.1% during the forecast period (2024-2032). The market research report encompasses market overview, growth factors, restraints, opportunities, segmentation, key developments, competitive landscape, consumer insights, and market growth forecast in terms of value or volume. These structured details offer an all-inclusive market overview, providing valuable insights for investment decisions, business decisions, strategic planning, and competitive analysis.

Global Safety Service Market: Overview

Safety services play a crucial role nowadays, as a safety in each and every field has become of utmost importance. With growing businesses all around the world, safety takes care of the business processes and ensures smooth working of the same.

Global Safety Service Market: Growth Factors

The presence of abundant players of various sizes is the major factor responsible for the cutthroat competition in the global safety service market. Increasing investments in advanced technologies and rising number of mergers & acquisitions in order to build up innovative safety solutions are few other factors boosting the growth of the global market. Not only this will help the players in the global market to grow, but it will also shape up the market to be one of the organized markets. The major factor contributing to the growth of the global safety service market is the rising trend of workplace safety. A variety of workplace safety solutions provides safety ranging from employee safety to asset management to safe data management. On the other hand, increasing complexities of business operations highlights the need for incorporation of safety solutions with regular business functionalities. This is taken care by the customer-centric safety service solutions, which put together everyday business operations with safety solutions in order to bring operational effectiveness.

Global Safety Service Market: Segmentation

The global safety service market is segmented on the basis of component and end-use.

Based on the component, the global market is segmented into software and services. The software segmented is further sub-segmented into safety risk assessment, incident and action management, data analytics, process safety management, hazard analysis management, and mobile apps. The services segment is sub-segmented into project management, consulting, analytics, training, auditing, implementation, and certification.

Based on the end-use, the global market is categorized as chemical, oil and gas, petrochemical, utilities, wastewater, pharmaceutical, transportation of hazardous materials, and food & beverage.

Safety Service Market: Report Scope

Global Safety Service Market: Regional Analysis

Geographically, the global safety service market is segmented as Asia Pacific, North America, Europe, South America, and the Middle East and Africa. North America presently dominates the global safety service market and is anticipated to continue its dominance in the near future. In addition, this trend is followed by Asia-Pacific and then Europe, and are further anticipated to contribute for considerable market shares in the coming years.

Global Safety Service Market: Competitive Players

Major players in the global safety service market are:

• HSE Integrated Ltd.
• UL LLC
• Trinity Consultants Inc.
• 3E Company
• Gensuite LLC
• Velocity EHS
• Enablon Corporation
• Intelex Technologies
• Enviance Inc.
• ProcessMAP Corporation
• EtQ Inc.
• Enhesa Inc.
• Haztek Inc.
• Hygiene Technologies International Inc.
• CSA Group Company
• Jaama Ltd.

Other key players influencing the global market include

• Crown Safety LLC
• PureSafety Inc.
• Workcare Inc.
• FDR Safety LLC
• Dade Moeller & Associates Inc.
• PrSM Corporation.

The global Safety Service Market is segmented as follows:  

By Component 

• software 
  • safety risk assessment
  • incident and action management
  • data analytics
  • process safety management 
  • hazard analysis management 
  • mobile apps 
• services 
  • project management 
  • consulting 
  • analytics 
  • training 
  • auditing
  • implementation 
  • certification 

By End-use 

• chemical
• oil and gas
• petrochemical 
• utilities 
• wastewater
• pharmaceutical
• transportation of hazardous materials
• food & beverage

Global Safety Service Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report 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.

Frequently Asked Questions