Almost one third of employees in Romania (31%) expressed doubt that they will be able to keep their current job or a similar one until the age of 60, which is 4% above the EU average, as per the latest report of the European Agency of Safety and Health at Work, analyzed by executive search company Arthur Hunt Romania.
Workplace Safety Market projected to reach $19 9 billion by 2025, with a remarkable CAGR of 10 4%
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Workplace Safety Market projected to reach $19 9 billion by 2025, with a remarkable CAGR of 10 4%
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by Component (Hardware, Software, and Services), System, Application (Incident and Emergency Management, Asset Tracking, PPE Detection), Deployment Mode, End-User (Industrial and Commercial), and Region - Global Forecast to 2025 ,
published by MarketsandMarkets™, the market size is expected to grow from USD 12.1 billion in 2020 to USD 19.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period.
The Workplace Safety Market is expected to be lucrative for technology vendors. It is also expected to witness substantial growth in the next five years due to mandates and guidelines posed by regulatory bodies such as OSHA, to increase safety in workplaces. Moreover, the growing surveillance industry, particularly in North America and Europe, would push companies to deploy or develop Workplace Safety solutions in the coming years. Furthermore, a high adoption rate is expected to be registered in APAC during the forecast period.