The crucial demand for workplace safety solutions is needed in industries such as construction and engineering, energy and utilities, chemicals and materials, government and defense, and healthcare. It comes as no surprise that the global workplace safety market is valued at USD 14.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.5 percent annually until 2027 and is expected to reach USD 26.7 billion. Strict industrial health and safety regulations contribute to the industry’s growth.
Technology also plays a major role in the growth of workplace safety. Introducing new trends like intelligent clothing, smart safety, and autonomous vehicles contributes to market growth. For example, integrating big data in safety tools for risk management also contributes to the market’s growth. Market growth is also driven by industries that have adopted real-time location monitoring systems (RTLMS), monitoring and surveillance solutions to defend their assets, and environmental health and safety system (EHS).
Accordingly, players in the workplace safety market are adopting growth strategies, both organic and inorganic, to drive their businesses by leveraging such solutions based on the aforementioned technology. Some of the strategies include new product launches and improving services the companies currently have. Organizations in the industry are constantly upgrading their products and solutions by utilizing advanced technologies to provide better working environments.
In this edition of Manage HR, the magazine focuses on the Top 10 Workplace Safety Service Companies in 2022 under APAC and the Top 5 Workplace Safety Companies in 2022 under Australia, educating on the companies at the front lines of innovation. André Kraide, Vice President, Head of Human Resources – Brazil, Bayer [ETR: BAYN], has shared their viewpoints on managing HR APAC on the various aspects of the industry. With its goal to eradicate workplace injuries in Australia, Pursuit of Zero offers its safety services and goes beyond compliance to care. Qualitas Health, a healthcare provider, strives to deliver accessible and quality healthcare across Malaysia.
Manage HR APAC also brings exclusive insights through our leadership articles, CIOs and CXOs, from Jennifer Farinha, Human Resources Director, The Chefs Warehouse, and Nicole Thunich, Senior Vice President and Chief Safety, Health, Environment, and Quality Officer, Centuri Group, discussing their ideas on current market trends practiced in the industry.
We hope this information on market trends and the viewpoint of thought leaders assist in making informed decisions for your company.
