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The global workplace safety market size is expected to grow from an estimated value of USD 12.1 billion in 2020 to USD 19.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.4% from 2020 to 2025.
The workplace safety market is driven by various factors, such as increasing need for stricter safety regulations and substantial shift within industries towards a more holistic approach to health and well-being. However, lack of skilled workplace safety and health professionals, and lack of employee engagement, are some of the factors restraining the growth of the workplace safety market.
Software segment to grow at a higher CAGR during the forecast period. ....

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