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Identity Verification Market to Grow by USD 16.92 Billion from 2024-2028, Increase in Digitalization with E-ID Cards and Smart Infrastructure Boost the Market, AI’s Impact – Technavio

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NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global identity verification market size is estimated to grow by USD 16.92 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  20.3%  during the forecast period. Increase in digitalization with electronic id (EID) cards and smart infrastructure initiatives is driving market growth, with a trend towards growing adoption of bring your own device (byod) among enterprises. However, privacy and security concerns of data transferred through iot  poses a challenge. Key market players include Equifax, Inc., Jumio, Thales Group, TransUnion, Experian, Trulioo, Onfido, Shufti Pro, Mitek Systems, Inc., DocuSign, Inc., Applied Recognition Corp., Authenteq Tarbena GmbH, GB Group plc, Gen Digital Inc., ID Merit, Intellicheck Inc., Khosla Labs Pvt. Ltd., Mastercard Inc., PXL Vision AG, Lexisnexis Risk Solutions Inc.

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Identity Verification Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 20.3%

Market growth 2024-2028

USD 16922.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.35

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, Australia, UK, Canada, and Germany

Key companies profiled

Equifax, Inc., Jumio, Thales Group, TransUnion, Experian, Trulioo, Onfido, Shufti Pro, Mitek Systems, Inc., DocuSign, Inc., Applied Recognition Corp., Authenteq Tarbena GmbH, GB Group plc, Gen Digital Inc., ID Merit, Intellicheck Inc., Khosla Labs Pvt. Ltd., Mastercard Inc., PXL Vision AG, Lexisnexis Risk Solutions Inc.

Market Driver

The Identity Verification Market is witnessing significant growth due to increasing security risks associated with online transactions and the digitalization of various industries. Businesses in finance, healthcare, emerging markets, and border controls are adopting advanced verification techniques such as artificial intelligence (AI) and biometric technologies to secure digital identities. AI and machine learning (ML) are being used for data analysis and fraud detection, while biometric checks include facial recognition, fingerprint recognition, and liveness detection. Identity-related theft incidents continue to rise, making security measures a top priority. Self-service identity verification, multi-factor authentication, and data-driven verification methods are becoming increasingly popular. The BFSI industry, e-commerce, gaming, and cryptocurrency exchanges are major sectors investing in identity verification systems to meet Anti-Money Laundering (AML) requirements and ensure customer confidence. Traditional non-biometric solutions are being replaced with more efficient and secure biometric devices, including cameras, microphones, GPS functionalities, and mobile devices. Regulations, such as cloud-based deployment and data privacy concerns, are driving the need for secure IT infrastructure and technical expertise. Security personnel and system integrators are in high demand to address cyber threats and ensure regulatory compliance. Emerging technologies like intelligent border control, real-time verification, and diverse data sources are shaping the future of identity verification. The industry is expected to continue growing as businesses and governments prioritize data security and fraud mitigation tools. 

In today’s business landscape, the Bring Your Own Device (BYOD) trend is gaining popularity among enterprises. This shift towards a mobile-first, web next scenario allows employees to access their privileged accounts through mobile devices, enhancing productivity and morale. Privileged users, also known as admin users, hold significant authority in managing backend functions of a system. They can set up, modify, and delete accounts, alter user roles, change system settings, and access sensitive data. As enterprises adopt this mobile-first approach, the demand for identity verification solutions to secure these privileged accounts is escalating. 

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Market Challenges

The Identity Verification Market is facing several challenges in today’s digital world. With the increase in online transactions and the growing use of digital identities, security risks are on the rise. Verification techniques such as artificial intelligence (AI) and biometric technologies are being adopted to mitigate these risks, but they come with their own set of challenges. Finance and healthcare industries, in particular, are under pressure to ensure security measures are in place to prevent identity-related theft incidents. Emerging markets and businesses are embracing digitalization and automation, leading to an increase in internet usage and eCommerce. However, the lack of awareness and technical expertise among businesses and security personnel pose significant risks. Breaches and cyber threats are becoming more frequent, leading to potential losses and damage to customer confidence. Government agencies and corporations are investing in intelligent border control and self-service identity verification to enhance security. Biometric devices such as facial recognition, video analytics, and liveness detection are being used for real-time verification. However, the use of these technologies raises data privacy concerns and regulatory compliance requirements. The financial sector, in particular, is under pressure to comply with Anti-Money Laundering (AML) regulations and prevent fraudulent activities through data-driven verification methods and multi-factor authentication. The emergence of blockchain-based identity verification and biometric checks is expected to address some of these challenges. However, the Identity Verification Industry also faces challenges in implementing security measures in diverse data sources, such as facial verification, phone verification, and cryptocurrency exchanges. Fraud mitigation tools and machine learning models are being used to detect and prevent identity-related fraud and cybercrime. Industry-specific requirements and data analysis are crucial for effective fraud detection and regulatory compliance. In conclusion, the Identity Verification Market is undergoing significant changes due to digitization initiatives and emerging technologies. Security measures, data privacy concerns, and regulatory compliance are key challenges that need to be addressed to ensure the safety and efficiency of identity verification systems. Businesses and organizations must invest in security training, consulting, and system integrators to stay ahead of cyber threats and maintain customer trust.In today’s security-challenged world, ensuring complete data security is an elusive goal. The proliferation of Internet of Things (IoT) systems poses significant risks, as these systems connect machines and people, increasing potential entry points for hackers. Customized software modules used in IoT devices create additional interfaces, making entire systems more vulnerable. Sensitive data transferred through these devices is critical and must be protected. The rise in connected devices necessitates identity verification solutions to mitigate risks and safeguard data. Organizations must invest in advanced identity verification technologies to secure their IoT systems and protect their valuable information.

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Segment Overview 

This identity verification market report extensively covers market segmentation by  

ComponentSolutionsServicesTypeLarge EnterprisesSMEsBiometricNon-biometricGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaApplicationKYC, KYB, And OnboardingAccess Control And User MonitoringIdentity Fraud Compliance And ForensicsDeployment ModeCloudOn-premises

1.1 Solutions-  Identity verification solutions are essential for businesses to authenticate the identity of users or customers. These solutions ensure that the person completing a process is the true owner of the provided information, preventing unauthorized access, false identities, and fraud. Offline methods include face-to-face verification, where individuals present themselves in person at a company location or institution. Online methods include multi-factor authentication, biometric verification, and document verification. The global market for identity verification solutions is projected to expand due to the increasing need for secure and reliable identity verification processes.

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Research Analysis

The Identity Verification Market is witnessing significant growth due to the increasing number of online transactions and the need to secure digital identities. With the rise of emerging technologies like artificial intelligence (AI) and biometric technologies, verification techniques are becoming more sophisticated and efficient. The finance and healthcare sectors are major contributors to this industry, with strict regulations and AML requirements driving the demand for identity verification solutions. However, the increasing risk of data breaches and cyberattacks poses a significant challenge, making data privacy concerns and cybersecurity needs top priorities. In emerging markets, where internet penetration is growing rapidly, identity verification is essential for businesses to mitigate risks and comply with regulations. On-premise solutions are also gaining popularity, especially in lower-income countries, to provide secure and accessible identity verification services. Blockchain-based identity verification is another emerging trend, offering enhanced security and decentralization. Overall, the Identity Verification Industry is a critical component of the digital economy, ensuring secure and authentic transactions while addressing the evolving security risks and regulatory requirements.

Market Research Overview

The Identity Verification Market is a rapidly growing industry that addresses the security risks associated with online transactions and the management of digital identities. With the increasing use of digital services in finance, healthcare, emerging markets, and businesses, there is a growing need for advanced verification techniques to ensure security and prevent identity-related theft incidents. Artificial intelligence (AI) and biometric technologies, including facial recognition, video analytics, and liveness detection, are becoming increasingly popular for identity verification. These technologies offer efficiency, security, and accuracy, making them essential for industries such as finance, healthcare, border controls, and smart cities. However, the lack of awareness and potential losses from breaches and cyber threats necessitate  security measures, including security personnel, training, consulting, and system integrators. The industry also faces challenges from regulatory compliance, cybercrime, and digitization initiatives. Emerging technologies like machine learning (ML) and blockchain-based identity verification are expected to play a significant role in the future of identity verification. The market is diverse, encompassing various sectors, including BFSI, government & defense, healthcare & life sciences, retail & e-commerce, energy & utilities, IT & ITES, and more. Identity verification is crucial for industries dealing with confidential data, client financial details, login credentials, and personal identifiers. The market is expected to grow significantly due to the increasing need for real-time verification, diverse data sources, and fraud detection expertise.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSolutionsServicesTypeLarge EnterprisesSMEsBiometricNon-biometricGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaApplicationKYC, KYB, And OnboardingAccess Control And User MonitoringIdentity Fraud Compliance And ForensicsDeployment ModeCloudOn-premises

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Electronic System Design Industry Posts $5.7 Billion in Revenue in Q2 2026, ESD Alliance Reports

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IC Physical Design & Verification, Semiconductor IP, and Services Reported Double-Digit Year-over-Year Revenue Increase

MILPITAS, Calif., Oct. 19, 2026 /PRNewswire/ — Electronic System Design (ESD) industry revenue increased 12.2% to $5,710.8 million in the second quarter of 2026 from the $5,089.4 million registered in the second quarter of 2025, the ESD Alliance, a SEMI Technology Coalition, announced today in its latest Electronic Design Market Data (EDMD) report. The four-quarter moving average rose 11.2%, based on a comparison of the most recent four quarters to the prior four.

“The electronic design automation industry once again reported strong year-over-year revenue growth in Q2 2026,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report and Chief Executive Officer of Silvaco Group, Inc. “All product categories except Printed Circuit Board and Multi-Chip Module reported gains, with IC Physical Design and Verification, Semiconductor IP, and Services showing double digit growth. All geographic regions reported growth in Q2, with double digit increases in the APAC region.“

The companies tracked in the EDMD report employed 71,396 people globally in Q2 2026, a 1.6% decrease from the Q2 2025 headcount of 72,529 and down 1.6% compared to Q1 2025.

The quarterly EDMD report contains detailed revenue information within the following category and geographic breakdowns.

Second Quarter Revenue by Segment and Geographic Region ($Millions)

Americas

EMEA*

Japan

APAC*

Q2′ 26 Total

Q2′ 25 Total

% Growth

Total EDA Revenue

1400.3

451.9

266.7

1141.2

3260.0

3061.4

6.5 %

CAE

921.5

286.5

100.0

769.5

2077.6

1929.0

7.7 %

PCB & MCM

139.6

79.2

39.7

105.8

364.2

430.5

-15.4 %

IC Physical Design & Verification

339.1

86.2

127.0

266.0

818.3

701.9

16.6 %

Total SIP Revenue

881.7

183.0

21.9

1112.5

2199.0

1826.7

20.4 %

Reporting SIP Companies

289.2

70.5

21.9

343.6

725.2

618.9

17.2 %

Non-reporting SIP Companies**

592.4

112.5

0.0

768.9

1473.9

1207.8

22.0 %

Total Services Revenue

161.5

30.7

14.5

45.0

251.7

201.2

25.1 %

Total EDA, SIP & Services Revenue

2443.5

665.6

303.1

2298.7

5710.8

5089.4

12.2 %

* EMEA = Europe, Middle East, and Africa. APAC = Asia Pacific

** Non-reporting SIP companies include ARM Holdings PLC (excl. ARM PIPD), CEVA Inc., and
Rambus Inc. Beginning with Q4 2016, ARM PIPD exclusion is estimated.

Revenue by Product and Application Category – Year-Over-Year Change

Computer-Aided Engineering (CAE) revenue increased 7.7% to $2,077.6 million. The four-quarter CAE moving average increased 10.7%.

IC Physical Design and Verification revenue increased 16.6% to $818.3 million. The four-quarter moving average for the category increased 5.4%.

Printed Circuit Board and Multi-Chip Module (PCB and MCM) revenue dropped 15.4% to $364.2 million. The four-quarter moving average for PCB and MCM decreased 1.3%.

Semiconductor Intellectual Property (SIP) revenue increased 20.4% to $2,199.0 million. The four-quarter SIP moving average rose 16.6%.

Services revenue increased 25.1% to $251.7 million. The four-quarter Services moving average rose 15.2%.

Revenue by Region – Year-Over-Year Change

The Americas, the largest reporting region by revenue, procured $2,443.5 million of electronic system design products and services in Q2 2026, a 7.1% increase. The four-quarter moving average for the Americas rose 8.6%.

Europe, Middle East, and Africa (EMEA) procured $665.6 million of electronic system design products and services in Q2 2026, a 2.3% increase. The four-quarter moving average for EMEA grew 8.6%.

Japan’s procurement of electronic system design products and services increased 9.3% to $303.1 million in Q2 2026. The four-quarter moving average for Japan decreased 8.2%.

Asia Pacific (APAC) procured $2,298.7 million of electronic system design products and services in Q2 2026, a 22.4% increase. The four-quarter moving average for APAC grew 18.3%.

About the EDMD Report
The ESD Alliance Electronic Design Market Data (formerly the Market Statistics Service) report presents Electronic Design Automation (EDA), SIP and Services industry revenue data quarterly. Both public and private companies contribute data to the report available from SEMI. Each quarterly report is published approximately three months after quarter close. EDMD report data is segmented as follows:

Revenue by product category (CAE, IC Physical Design and Verification, SIP, PCB and MCM Layout, and Services) including numerous detailed sub-categoriesRevenue by geographic region (Americas, EMEA, Japan and APAC)Total employment at participating companies

For information about SEMI market research reports, visit the SEMI Market Research Reports and Databases Catalog.

About the Electronic System Design Alliance
The Electronic System Design (ESD) Alliance, a SEMI Technology Coalition, is the central voice to communicate and promote the value of the semiconductor design ecosystem as a vital component of the global electronics industry. As an international association of companies providing goods and services throughout the semiconductor design ecosystem, it is a forum to address technical, marketing, economic and legislative issues affecting the entire industry. For more information about the ESD Alliance, visit http://esd-alliance.org.

Follow the ESD Alliance

X: @ESDAllianceLinkedIn Facebook 

About SEMI
SEMI® is the global industry association connecting over 4,000 companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

The information supplied by the ESD Alliance is believed to be accurate and reliable, but the ESD Alliance assumes no responsibility for any errors that may appear in this document. All trademarks and registered trademarks are the property of their respective owners.

Association Contacts

Paul Cohen
Phone: 508-769-2106
Email: pcohen@semi.org

Lisa Gillette-Martin/Bodewell Group (Media Inquiries)
Phone: 1-408-205-4732
Email: lgmartin@bodewellgroup.com 

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Scorpion deepens its investment in pest control and lawn care, acquires Coalmarch Marketing

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Coalmarch’s team, client relationships, and pest and lawn care expertise join Scorpion, gaining more technology, data, and resources for Coalmarch clients

SALT LAKE CITY, Oct. 19, 2026 /PRNewswire/ — Scorpion, the leading provider of digital marketing and technology solutions for local businesses, today announced it has acquired Coalmarch Marketing, a Raleigh, North Carolina-based digital marketing agency dedicated to the pest control and lawn care industries since 2004. The move deepens Scorpion’s investment in pest control, lawn care, and landscape marketing, bringing Coalmarch’s team, its client relationships, and more than two decades of experience to Scorpion.

“This is really about two great teams coming together,” said Trey Pelz, Scorpion’s General Manager of Pest. “Coalmarch has built something special: great people, strong relationships, and a team that truly understands this industry. We don’t want to change what’s already working. We want to build on it and put more behind it. There’s no technology that can replace a great relationship, but we can give it more tools, better data, and more resources to help these businesses grow. That’s really what this is about: keeping what works, and giving it more.”

“We’re entering one of the most interesting periods marketing has ever seen, and we’re investing heavily in the technology and data behind it,” Pelz said. “Coalmarch’s clients keep the high-touch, industry-specific experience they already know, now with even more behind it.”

Jeff Davis, CEO of Coalmarch, shares that view. “I’ve gotten to know Trey and the Scorpion team well, and I’ve seen firsthand how they operate,” said Davis. “They share the same commitment to client growth that we’ve built Coalmarch on, now backed by a level of technology and investment that makes what we’ve built even stronger.”

Coalmarch clients now gain access to RevenueMAX, Scorpion’s AI-powered solution built to turn marketing into measurable revenue, not just leads.

“Welcoming Coalmarch to Scorpion is another intentional step in our M&A strategy,” said Kirby Oscar, SVP of Corporate Development at Scorpion. “This investment deepens our vertical commitment and supports a key pillar in our long-term growth plans. Coalmarch’s team has built an impressive business that has helped the pest, lawn, and landscaping industries grow, and we’re looking forward to accelerating that growth.”

Respectively, Scorpion and Coalmarch bring more than two decades of pest and lawn-specific marketing experience under one team.

About Scorpion
Scorpion is the leader in helping local businesses find their most valuable clients through digital marketing solutions. With technology focused on driving revenue at every step of the client journey, Scorpion is pushing the industry forward past a focus on leads, and toward a focus on what truly matters, revenue growth. Backed by award-winning AI, unmatched data, and more than 25 years of marketing expertise, Scorpion wins local businesses more customers, more revenue, and most importantly, better ROI. With Scorpion, there’s no guesswork, only growth. To learn more, visit Scorpion.co.

About Coalmarch
Coalmarch is a digital marketing agency dedicated exclusively to the pest control and lawn care industries. Founded in 2004 and based in Raleigh, North Carolina, Coalmarch has spent more than 20 years helping pest and lawn care businesses grow through SEO, paid search, website development, and marketing built specifically for how these companies operate in the field. Coalmarch is now part of Scorpion. Learn more at Coalmarch.com.

Media Contact
Scorpion Public Relations
ScorpionPR@Scorpion.co

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Environment, Health, and Safety Market worth $13.97 Billion by 2032 – Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 19, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Environment, Health, and Safety Market is projected to grow from USD 9.28 billion in 2026 and to reach USD 13.97 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. 

Browse 300 market data Tables and 55 Figures spread through 350 Pages and in-depth TOC on “Environment, Health, and Safety Market – Global Forecast to 2032”

Environment, Health, and Safety Market Size & Forecast:

Market Size Available for Years: 2020–20322025 Market Size: USD 8.62 billion2026 Market Size: USD 9.28 billion2032 Projected Market Size: USD 13.97 billionCAGR (2026–2032): 7.0%

Environment, Health, and Safety Market Trends & Insights:

The global EHS market is witnessing strong growth, driven by increasing regulatory requirements, growing focus on workplace safety, and the need for organizations to manage environmental and occupational risks more effectively.By offering, the services segment is expected to register the highest CAGR of 9.8%.By vertical, the energy & utilities segment is projected to grow at the fastest rate from 2026 to 2032.Asia Pacific is projected to be the fastest-growing region in the global Environment, Health, and Safety Market.

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The Environment, Health, and Safety Market is expected to reach USD 13.97 billion by 2032 from USD 9.28 billion in 2026, at a compound annual growth rate (CAGR) of 7.0% during 2026–2032. The market is witnessing strong growth as organizations increasingly focus on workplace safety, environmental compliance, risk management, and operational efficiency. Stricter regulations, rising awareness of employee health and safety, and the need to reduce workplace incidents are accelerating EHS adoption. Enterprises are increasingly investing in digital EHS software and services to streamline compliance management, incident reporting, risk assessment, audits, inspections, and environmental monitoring. The growing adoption of cloud-based platforms, analytics, automation, and connected technologies further supports more integrated, data-driven EHS management.

The growing deployment of EHS technologies enables organizations to continuously monitor workplace risks, environmental performance, safety incidents, and compliance requirements. These solutions support incident management, corrective actions, risk assessment, safety inspections, environmental reporting, and regulatory compliance. EHS software centralizes data, automates workflows, improves visibility, and enables faster decision-making, while services support implementation, consulting, training, and ongoing system management. As organizations prioritize safer workplaces, regulatory compliance, and sustainable operations, EHS market adoption is expected to expand across developed and emerging economies.

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By offering, the software segment is expected to hold the largest market share.

The software segment is expected to hold the largest share of the global Environment, Health, and Safety (EHS) market, driven by the growing need for centralized, automated, data-driven management of workplace safety, environmental compliance, and operational risks. Organizations are increasingly adopting EHS software to manage incident reporting, risk assessments, audits, inspections, compliance requirements, environmental monitoring, and employee health and safety programs. The growing focus on regulatory compliance, sustainability, workplace safety, and ESG initiatives is further increasing demand for integrated EHS platforms.

These solutions leverage cloud computing, artificial intelligence (AI), analytics, mobile technologies, and automation to improve real-time visibility into EHS performance, identify potential risks, streamline reporting, and support faster corrective actions. Integration with enterprise systems, IoT devices, connected equipment, and environmental monitoring technologies is further enhancing EHS software capabilities. As organizations prioritize proactive risk management, regulatory compliance, and sustainability, EHS software is becoming critical to improving operational efficiency, reducing incidents, and enabling scalable, data-driven EHS management.

By service, the analytics services segment is expected to witness the highest growth rate during the forecast period.

The analytics services segment is expected to grow rapidly as organizations increasingly use EHS data analytics to identify risks, monitor compliance, and improve workplace safety. The growing volume of environmental, health, and safety data is driving demand for real-time dashboards, predictive analytics, incident trend analysis, and performance monitoring.

Analytics services also support EHS decision-making by converting complex operational data into actionable insights without requiring significant in-house analytical capabilities. The increasing adoption of cloud-based EHS platforms, IoT-enabled monitoring, and AI-driven analytics is enabling proactive risk identification, improved regulatory compliance, and stronger safety performance, further driving segment growth.

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Asia Pacific is expected to register the highest growth rate during the forecast period.

Asia Pacific is projected to register the highest CAGR in the Environment, Health, and Safety (EHS) market during the forecast period, driven by rapid industrialization, expanding manufacturing and infrastructure activities, stricter workplace safety regulations, and increasing adoption of cloud-based EHS software across countries such as China, Japan, India, South Korea, and Australia. Organizations are increasingly deploying digital EHS platforms for incident management, risk assessment, compliance management, environmental monitoring, workforce health, and safety analytics to improve operational visibility and reduce workplace risks. The region’s growing focus on sustainability, ESG reporting, worker protection, and regulatory compliance is further accelerating demand for integrated EHS solutions and services. AI, real-time analytics, mobile applications, and automated reporting are also enabling organizations to shift from reactive compliance to proactive risk prevention. A notable recent development is Cority’s 2026 expansion of AI-driven EHS capabilities, with more than 30 AI workflows demonstrated across safety, health, environmental, and operational risk management, highlighting the broader shift toward intelligent and integrated EHS platforms.

Top Companies in Environment, Health, and Safety Market:

The Top Companies in Environment, Health, and Safety Market are Wolters Kluwer (Netherlands), VelocityEHS (US), Intelex (Canada), Benchmark ESG (US), Cority (Canada), Intertek (UK), Sphera (US), Quentic (Germany), PureEHS (US), Ideagen (UK), SAP (Germany), IBM (US), Evotix (UK), EcoOnline (UK), Diligent Corporation (US), Octave Reliance (US), 3E (US), Dakota Software (US), IsoMetrix (South Africa), Enhesa (Belgium), VisiumKMS (US), SafetyCulture (Australia), TrueContext (Canada), ComplianceQuest (US), Pro-Sapien (UK), XGRC Software (South Africa), Mitratech (US), Indus Environmental Services (India), Inicia (Japan), Core-EHS (India), and EHS Brasil (Brazil).

Environment, Health, and Safety Market – Investment & funding +Merger & Acquisition

Investment and Funding Context

The Environment, Health, and Safety Market is attracting increasing investment as organizations prioritize cloud-based EHS platforms, AI-enabled risk management, sustainability integration, and digital compliance. Investment is increasingly directed toward AI, analytics, mobile EHS workflows, and integrated EHS and sustainability platforms. For instance, Sphera received a significant growth investment from Neuberger Berman in 2025, with Blackstone retaining a majority stake, supporting further expansion of its operational risk management software and data portfolio. Similarly, Medgate received a strategic investment led by Norwest Venture Partners in 2026 to accelerate product expansion, analytics innovation, and acquisitions in enterprise EHS software. These developments indicate growing private investment toward scalable, AI-enabled, and integrated EHS technology.

Revenue Shift Context

The Environment, Health, and Safety Market is shifting from traditional compliance-focused tools toward integrated, AI-enabled platforms that help organizations continuously identify risks, automate workflows, improve workforce safety, and connect EHS with sustainability and operational performance. Wolters Kluwer reported that 49% of EHS functions planned to invest in AI within 12 months, highlighting rising demand for AI-driven EHS capabilities. Cority is also expanding its CorityOne platform with AI, mobile capabilities, and integrated sustainability management, while its Cortex AI suite enables intelligent agents across EHS and sustainability workflows. This shift moves EHS from a compliance cost center to a data-driven performance and risk-prevention function, creating new revenue opportunities in AI, analytics, automation, connected worker solutions, and subscription-based platforms.

Mergers and Acquisitions

M&A activity in the Environment, Health, and Safety Market is increasingly focused on consolidating EHS software, occupational health, crisis management, sustainability, and AI-driven risk capabilities. Recent transactions demonstrate a shift toward integrated platforms that connect safety, environmental compliance, workforce health, emergency response, and sustainability management.

Environment, Health, and Safety Market: MERGERS AND ACQUISITIONS, JANUARY 2025–JUNE 2026

Month & Year

Deal Type

Company 1

Company 2

Description

February 2026

Acquisition

Peak Rock Capital (US)

UL Solutions EHS Software (US)

Peak Rock Capital agreed to acquire UL
Solutions’ EHS software business, which was
subsequently rebranded as PureEHS,
covering employee health, occupational
health, safety, and training.

December 2025

Acquisition

EcoOnline (UK)

Alcumus EHS Software (UK)

EcoOnline acquired Alcumus’ EHS software
business, expanding its global EHSQ
portfolio and customer reach across
multiple industries.

Company Revenue Share Details

The Environment, Health, and Safety Market remains highly competitive and fragmented, with no single vendor controlling the overall market because it covers environmental management, occupational health and safety, risk management, compliance, sustainability, and operational risk. Wolters Kluwer has strengthened its position with the Enablon platform, which combines EHS, operational risk, process safety, ESG, and AI-powered capabilities. Cority maintains a strong position through its integrated CorityOne platform, supported by EHS, sustainability, and ESG capabilities and acquisitions such as Greenstone. EcoOnline has expanded its global EHSQ footprint through acquisitions, including Alcumus’ EHS software business, adding complementary risk, compliance, and sustainability capabilities. Other major participants, including VelocityEHS, Intelex, Sphera, Benchmark ESG, Ideagen, SAP, IBM, and Evotix, contribute through EHS management, environmental compliance, operational risk, sustainability, and workplace safety solutions. Overall, demand for integrated cloud platforms, AI-enabled risk management, mobile workforce solutions, sustainability reporting, and connected EHS data is increasingly shaping competition, while the lack of standardized standalone EHS revenue reporting makes precise company revenue-share comparisons difficult.

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Related Market Reports:

Workplace Safety Market by Hardware (Safety Sensors, RFID Tags & Readers, Wearables, Software), by System(Real-time Location Monitoring, EHS, Access Control & Surveillance), by Application(Incident & Emergency, PPE Detection, Asset & Staff Tracking) – Global Forecast to 2030

Risk Analytics Market by Offering (AI-Enabled & Predictive Risk Analytics Software, GRC & ERM Software, Third-party Risk Management Tools, Risk Assessment & Advisory Services, Cyber & IT Risk Management Services, Compliance & Regulatory Management Services), and Risk Type – Global Forecast to 2030

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