Verisk 3E Company (US) and Enviance (US) are leading Players in Product Stewardship Market
The product stewardship market is projected to grow from USD 777 million in 2018 to USD 1,143 million by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% from 2018 to 2023. The major factors driving the growth of the product stewardship market are growing awareness among organizations to ensure health and safety of their employees and environment protection, increasing requirement of enterprises to publicize their environmental, health, and safety initiatives, and complying with various environmental regulations and government guidelines.
The major vendors of product stewardship solutions and services include Verisk 3E Company (US), Enviance (US), CGI (Canada), Enablon (US), Gensuite (US), SAP (Germany), thinkstep (UK), UL Wercs (US), Sphera (US), ERM Group (UK), Enhesa (US), ProcessMAP (US), SiteHawk (US), Velocity EHS (US), Intelex (Canada), Cority (Canada), Anthesis (UK), Covestro (Germany), Pace Analytical (US), Wood Group (UK), Phylmar Group (US), Yordas Group (UK), Scout Environmental (US), Arcadis (Netherlands), and Young and Global Partners (Belgium). These players have adopted various growth strategies such as partnerships, agreements, and collaborations; and new product launches & product enhancements to further expand their presence in the product stewardship market and broaden their customer base.
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Verisk 3E (US) is one of the leading players in the product stewardship market. It offers product safety and stewardship solutions to commercial clients. The company empowers product manufacturers with a comprehensive regulatory insight that can be directly embedded into their product safety and stewardship processes to drive informed and proactive decisions. Verisk 3E has adopted various growth strategies such as partnerships and collaborations to increase its market share and enhance its presence in the product stewardship market. In February 2018, Verisk 3E collaborated with Gensuite to provide organizations with extraordinary value and business capabilities through the combination of regulatory content expertise of Verisk 3E and leading EHS&S software platform of Gensuite.
Enviance (US) is one of the leading providers of Environmental, Health, and Safety (EHS) software and services. The company provides enterprise-ready, cloud-based EHS software that leverages the cloud computing technology to ensure online deliverance of its platform in real-time. It has majorly adopted inorganic growth strategies to diversify its product offerings equipped with innovative technologies. In line with its inorganic growth strategies, in June 2018, Enviance acquired Actio Corporation, a cloud-based EHS software provider that offers innovative solutions for materials and supply chain management. This acquisition has strengthened the ability of Enviance to deliver a single and comprehensive EHS solution.
Related Reports:
Product Stewardship Market by Type (Solutions, Services (Business Consulting and Advisory Services, Audit, Assessment, and Regulatory Compliance Services, Deployment and Implementation Services)), Organization Size, Region - Global Forecast to 2023
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