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Global Safety Service Market Research Report (2020 to 2026) - by Component, End-use Industry and Region - ResearchAndMarkets.com

·4-min read

DUBLIN, July 28, 2021--(BUSINESS WIRE)--The "Safety Service Market Research Report by Component (Service and Software), by End-use Industry (Chemical, Oil and Gas, and Petrochemical), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Safety Service Market size was estimated at USD 2,592.12 Million in 2020 and expected to reach USD 2,872.31 Million in 2021, at a Compound Annual Growth Rate (CAGR) 11.14% to reach USD 4,887.27 Million by 2026.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Safety Service Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Safety Service Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Safety Service Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Safety Service Market?

4. What is the competitive strategic window for opportunities in the Global Safety Service Market?

5. What are the technology trends and regulatory frameworks in the Global Safety Service Market?

6. What is the market share of the leading vendors in the Global Safety Service Market?

7. What modes and strategic moves are considered suitable for entering the Global Safety Service Market?

Market Dynamics

Drivers

  • Rising trend of workplace safety and integration of safety services with business operations

  • Increasing investments in advanced technologies and increasing the number of mergers & acquisitions

  • Surge in the number of governmental policies and procedures for manpower safety in manufacturing plants

Restraints

  • High implementation costs

Opportunities

  • Rising advancements in analytics technology, big data, and cloud related software for safety purpose

  • Increasing need for safety in construction, automotive industrial and manufacturing plants

Challenges

  • Inclusion of safety norms in organizational culture and meetings expectations of a multi-generation workforce

Companies Mentioned

  • Cority Software Inc.

  • CSA Group

  • CSA Group Testing & Certification Inc.

  • Enablon S.A

  • Enhesa

  • EtQ Inc.

  • Gensuite LLC

  • HSE INTEGRATED

  • Hygiene Technologies International Inc

  • Intelex Technologies Inc.Ltd

  • Jaama Ltd.

  • ProcessMAP Corporation

  • Trinity Consultants Inc.

  • UL, LLC

  • VelocityEHS

  • Verisk 3E

  • WorkCare Inc.

For more information about this report visit https://www.researchandmarkets.com/r/k9i8wr

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005467/en/

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