The global workplace safety market is expected to almost double in size, rising from USD 19.64 billion in 2025 to USD 38.55 billion by 2030, according to a new report from MarketsandMarkets. The projected CAGR of 14.4% is fueled by stricter regulations, a stronger emphasis on worker well-being, and the adoption of advanced safety technologies. Enterprises are increasingly turning to AI-powered monitoring systems, wearables, and predictive analytics to prevent risks, reduce incidents, and support real-time decision-making. Analysts note that ESG compliance, digital transformation, and recent high-profile accidents have accelerated the need for comprehensive safety frameworks addressing both physical and mental health risks. Within hardware, the safety sensors segment is poised to lead, as sensors capable of detecting gas leaks, fires, and other hazards become essential in industrial environments.

The integration of AI and IoT is enhancing the capabilities of these smart sensors, improving incident detection and response times. Cloud deployment models are also gaining momentum, offering scalability, remote access, and centralised data management for global enterprises.

This trend is reinforced by the rise of hybrid work and the shift toward digital safety platforms that rely on predictive analytics and continuous updates. Regionally, Europe is expected to post the highest growth rate, driven by stringent EU workplace safety regulations and a strong commitment to worker welfare. Initiatives such as the EU Strategic Framework on Health and Safety at Work 2021–2027 are further spurring investment in advanced monitoring, analytics, and well-being programs.

Major industry players shaping this market include IBM, Honeywell, Hexagon, Appian, Microsoft, Bosch, Cority, HSI, Hitachi, and Kinetic.