The Health, Safety and Environment (HSE) Consulting and Training Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Health, Safety and Environment (HSE) Consulting and Training Services Global Market Report 2024, The health, safety and environment (HSE) consulting and training services market size is expected to see strong growth in the next few years. It will grow to $59.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increase in stringent government regulatory compliances, rising demand for AI-based platforms and solutions in manufacturing industry, rising awareness about workspace and employee safety. Major trends in the forecast period include innovation and technological advancements, robotics and automation for high-risk tasks, AI-powered safety management platform, innovative integrated solution.
The increase in stringent government regulatory compliance is expected to fuel the growth of the health, safety, and environment (HSE) consulting and training services market going forward. Government regulatory compliance refers to the adherence of organizations, businesses, or individuals to the laws, regulations, standards, and guidelines set forth by governmental bodies. As data collection and analysis increase, regulations aim to protect personal information and ensure responsible use. Government regulations provide a legal framework outlining the minimum standards and best practices for health, safety, and environmental protection in various industries. For instance, in April 2022, according to the Gov.UK, a UK-based government website, the Building Safety Act 2022 took effect following Royal Assent by the monarch of the United Kingdom. The Act was introduced to address the need for fundamental reforms to improve the safety of residential and mixed-use buildings. The Act also establishes a new Building Safety Regulator to oversee the safety and standards of all buildings. It introduces a National Regulator for construction products to monitor and enforce the safety of all construction products on the UK market. Therefore, the increase in stringent government regulatory compliance is driving the growth of the health, safety, and environment (HSE) consulting and training services market.
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The health, safety and environment (hse) consulting and training services market covered in this report is segmented –
1) By Service: Consulting Services, Training Services
2) By Offerings: Software, Services
3) By End User: Automotive And Discrete Manufacturing, Process Manufacturing, Utilities, Government, Construction And Real Estate, Logistics And Transportation, Other End Users
Major companies operating in the health, safety and environment (HSE) consulting and training services market are developing innovative solutions such as visual AI advisor. This technology or system that utilizes uses computer vision and artificial intelligence to analyze video data from existing security cameras. For instance, in May 2022, SparkCognition, a US-based an AI-powered technology company, launched its sparkcognition visual AI advisor. It is an AI-powered safety management system designed for health, safety, and environment (HSE) management to transforms existing security cameras into a proactive intelligence platform, enabling organizations to detect and analyze objects in its video feed to reduce accidents, strengthen security, and better understand their business. Visual AI advisor converts standard camera infrastructure into an intelligent visual analytics and alerts platform by assisting industrial enterprises in identifying important issues related to safety, security, visual inspection, productivity, and situational awareness using image and video data.
The health, safety and environment (hse) consulting and training services market report table of contents includes:
1. Executive Summary
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