LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- As per The Business Research Company’s Environment Management, Compliance And Due Diligence Global Market Report 2023, the global environmental management, compliance, and due diligence market is on a remarkable growth trajectory, with the market size expected to rise from $9.45 billion in 2022 to $10.32 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 9.2%. The environmental management, compliance, and due diligence market is expected to grow to $14.01 billion in 2027 at a CAGR of 7.9%.
Global Concerns Drive Market Expansion
The environmental management, compliance, and due diligence services market is experiencing unprecedented growth, driven by increasing worldwide environmental safety concerns. According to the U.S. Bureau of Labor Statistics, employment in this field is projected to grow by 8% from 2019 to 2029, significantly faster than the average for all occupations. Environmental auditing, a vital component of this sector, is advancing rapidly, with the adoption of new approaches and techniques.
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Key Players in the Market
Major players in the environmental management, compliance, and due diligence market, including AECOM, Tetra Tech, and Arcadis, are pioneering innovations that are reshaping the industry.
Organizations are embracing carbon footprint management at a granular level to meet carbon emissions regulations. For example, SAP launched a carbon emissions accounting system in June 2020 as part of its Climate 21 program, enabling enterprises to efficiently conduct their operations while making sustainability an economic and strategic priority. This innovation is driving substantial growth within the environmental management, compliance, and due diligence services market.
Regional Dynamics
In 2022, North America held the distinction of being the largest region in the environmental management, compliance, and due diligence market, while Western Europe stood as the second-largest region.
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Market Segmentation
The environmental management, compliance, and due diligence market offers a diverse array of service types, end-users, and applications:
- By Service Type: The market encompasses Environment Management Services, Environment Compliance Services, and Environment Due Diligence Services, catering to various aspects of environmental responsibility.
- By End-Users: The market serves a wide range of industries, including Mining, Manufacturing and Process Industries, Energy and Utilities, Government and Regulators, Infrastructure and Development, and Other End-Users.
- By Applications: It plays a pivotal role in Government, Utilities, and other applications that impact environmental management and sustainability.
As the environmental management, compliance, and due diligence market continues its robust growth, stakeholders can utilize this comprehensive report to gain insights into environmental management, compliance, and due diligence market trends, innovations, and regional dynamics. It is an invaluable resource for businesses, investors, and policymakers who are dedicated to contributing to a sustainable and environmentally responsible future.
Environment Management, Compliance And Due Diligence Global Market Report 2023 by The Business Research Company provides insights on the environment management, compliance and due diligence market size, environment management, compliance and due diligence market segments, environment management, compliance and due diligence market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.
The Business Research Company has published over 6,500+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
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