Workplace Safety Market Analysis and Forecast to 2032: By Component (Solution, Services), Type (Personal Safety, Machinery & Equipment Safety), Industry (Construction, Manufacturing, Transportation, Chemicals, Pharmaceuticals, oil & Gas, Food & Beverages,

Workplace Safety Market Analysis and Forecast to 2032: By Component (Solution, Services), Type (Personal Safety, Machinery & Equipment Safety), Industry (Construction, Manufacturing, Transportation, Chemicals, Pharmaceuticals, oil & Gas, Food & Beverages, Energy & Utilities, Others), and Region

The global workplace safety market was valued at USD 12.8 million in 2022 and it is anticipated to grow further till USD 39.0 million by 2032, at a CAGR of 11.8% during the forecast period.

People are protected from a variety of life-threatening situations on the job site by workplace safety systems. The systems for workplace safety are made to guard against a variety of ergonomic, chemical, physical, and biological dangers. Therefore, the demand for workplace safety solutions is increased by the growing worries about occupational safety. Significant market growth is driven by the high need for dependable safety solutions to ensure asset and personal security.
Global Workplace Safety Market Scope and Report Structure
Market Driver and Trends
The rise in investments by various government and private organisations in the market as well as the adoption of the rising prevalence of workplace injuries and fatalities are the main factors driving the growth of the workplace safety industry. In addition, throughout the projected period, new trends like the introduction of smart PPE are anticipated to offer profitable prospects for market expansion.
Market Restraints and Challenges
The market's expansion is, however, somewhat constrained by high implementation costs and a lack of adequately skilled workers' compensation and healthcare professionals.

Global Workplace Safety Market Segmental Overview
The global workplace safety market is segmented into component, type, industry, and region.

Global Workplace Safety Market by Component

Based on the component, it is segmented into solution, and services. The services segment is anticipated to dominate the market during the forecast period. Similarly, solution segment is anticipated to witness the fastest growth during the forecast period.

Global Workplace Safety Market by Type

Based on the type, it is segmented into personal safety, public safety, machinery & equipment safety. The personal safety segment is anticipated to dominate the market during the forecast period. Likewise, public safety segment is anticipated to witness the fastest growth during the forecast period.

Global Workplace Safety Market by Industry

Based on the industry, it is segmented into construction, manufacturing, transportation, chemicals, pharmaceuticals, oil & gas, food & beverages, energy & utilities, and others. The construction segment is anticipated to dominate the market during the forecast period. Similarly, the manufacturing segment is anticipated to witness the fastest growth during the forecast period.
Geographical Analysis of the Global Workplace Safety Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, Asia Pacific region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Workplace Safety Market
The key players studied in the report are Cegid Group, Celerant Technology, Clover Network, Inc., EPOS Now (ePOS Inc.), ERPLY, Future POS, Lightspeed POS Inc., NCR Corporation, Oracle Corporation, PAR Technology, Phorest Salon Software, Revel Systems, Inc., Shopify, Shopkeep, Inc., Square, Inc., Toast, Inc., TouchBistro, Inc., Upserve, Inc., and Vend Limited among others.
COVID-19 Impact
Solutions and services for workplace and worker safety have been accelerated by the global COVID-19 epidemic. To protect employers from coronavirus, businesses and corporate offices are increasingly looking for workplace safety solutions. The need for various workplace safety solutions, such as asset monitoring, employee tracking, and vehicle proximity-alert safety systems, has surged as a result of the government's preventive actions (VPASS). Therefore, the Covid-19 pandemic would probably have a favourable effect on the market for workplace safety systems.
Recent Developments

July 2020, Honeywell launched a digitalized workforce management suite to enforce site health and safety compliance. The newly launched solution is a complete, modular software solution to help industrial companies enforce compliance with key health & safety requirements, comprising body temperature checks, social distancing policies, and automated entry management processes with employees returning to the workplace.
November 2019, Oregon Occupational Safety and Health launched a free, online video training course for the roofing industry workers to increase their ability to address fall hazards.

Frequently Asked Questions
Q1. How big is the Workplace Safety market?

Ans. The global Workplace Safety market size was USD 12.8 million in 2022 and it is anticipated to grow further till USD 39.0 million by 2032, at a CAGR of 11.8% from 2023 to 2032.

Q2. What is the Workplace Safety market growth rate?

Ans. The growth rate of the Workplace Safety market is 11.8%.

Q3. Which region holds a major market share for the Workplace Safety market?

Ans. North America holds a major market share of the Workplace Safety market in 2022.

Q4. Which segment accounted for the largest Workplace Safety market share?

Ans. By industry, construction segment accounted for the largest Workplace Safety market share.

Q5. Who are the key players in the Workplace Safety market?

Ans. The global Workplace Safety market report includes players such as Cegid Group, Celerant Technology, Clover Network, Inc., EPOS Now (ePOS Inc.), ERPLY, Future POS, Lightspeed POS Inc., NCR Corporation, Oracle Corporation, PAR Technology, Phorest Salon Software, Revel Systems, Inc., Shopify, Shopkeep, Inc., Square, Inc., Toast, Inc., TouchBistro, Inc., Upserve, Inc., and Vend Limited among others.

Q6. What are the factors driving the Workplace Safety market growth?

Ans. The major factors driving the growth of the market are the growing market in emerging countries.

Q7. What are the key growth strategies of Workplace Safety market players?

Ans. The key growth strategies of Workplace Safety market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Workplace Safety market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Workplace Safety market during the forecast period.



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