UL Solutions Strengths, Domain Expertise, and Key Differentiators
UL Solutions turns safety, security, and sustainability challenges into growth opportunities for customers across more than 100 countries. Offering a comprehensive suite of services, including testing, inspection, and certification, alongside innovative software and advisory solutions, UL Solutions empowers customers to accelerate their product innovation initiatives and drive market success, all while ensuring compliance and advancing sustainability goals.
UL Solutions Recent Developments
UL Solutions has taken steps to advance global sustainability, AI transparency, and smart building innovation. By joining the World Business Council for Sustainable Development, the company aims to contribute its expertise in safety science and sustainability certifications to support informed decision-making and industry transparency. It also introduced the AI Model Transparency Benchmark, which evaluates AI systems on reliability, security, and ethical practices, helping businesses build consumer trust through verified transparency ratings. Additionally, in partnership with the Telecommunications Industry Association, UL Solutions launched SPIRE 2.0, a smart building assessment tool designed to enhance cybersecurity, connectivity, and sustainability, providing actionable insights for optimizing building performance and long-term value.
UL Solutions Mergers and acquisitions (M&A) Activities
UL Solutions has taken steps to advance global sustainability, AI transparency, and smart building innovation. By joining the World Business Council for Sustainable Development, the company aims to contribute its expertise in safety science and sustainability certifications to support informed decision-making and industry transparency. It also introduced the AI Model Transparency Benchmark, which evaluates AI systems on reliability, security, and ethical practices, helping businesses build consumer trust through verified transparency ratings. Additionally, in partnership with the Telecommunications Industry Association, UL Solutions launched SPIRE 2.0, a smart building assessment tool designed to enhance cybersecurity, connectivity, and sustainability, providing actionable insights for optimizing building performance and long-term value.
UL Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying UL Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of UL Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PureSafety Cloud customers.
UL Solutions Overview
Ownership: - x
Number of Employees: 15133
Functional Market: Learning and Development,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
UL Solutions Key Cloud and HCM Applications
PureSafety Cloud
UL Solutions HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
UL Solutions Revenue Breakdown by Type:
UL Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
UL Solutions HCM Applications Revenues By Verticals, $M:
UL Solutions Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
UL Solutions Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
UL Solutions Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified UL Solutions Customers
No. of UL Solutions Customers: 80000
No. of UL Solutions HCM Applications Customers: x
No. of UL Solutions Cloud HCM Customers: x
No. of UL Solutions Cloud HCM Subscribers: x
UL Solutions serves over 80,000 customers globally, offering innovative solutions in safety, security, and sustainability. With a broad portfolio of testing, inspection, certification, and software solutions, the company supports businesses in advancing product innovation and addressing evolving industry demands. Key customers in the Workplace Health and Safety sector include industry leaders such as Holt Cat, FedEx, Bunzl Distribution USA, Coca-Cola Bottling Company Consolidated, Vanderbilt University, Baptist Health, Vidant Health, and many others, showcasing the company’s diverse impact across sectors.
UL Solutions Market Opportunities, M&A and Geo Expansions
In August 2024, UL Solutions opened its North America Advanced Battery Laboratory in Auburn Hills, Michigan, marking a significant opportunity to lead the growing electrification and clean energy sectors. This cutting-edge facility enhances the company’s ability to deliver comprehensive battery testing for electric vehicles and industrial batteries, supporting automotive and energy transition industries. By advancing battery safety and performance, UL Solutions strengthens its market position and capitalizes on the global shift toward sustainable technologies, driving innovation and offering unmatched value to customers.
In the coming years, UL Solutions is poised to capitalize on a range of opportunities driven by global trends in sustainability, technological innovation, and evolving regulatory requirements. As industries continue to embrace renewable energy, electrification, and advanced manufacturing technologies, UL Solutions can expand its offerings in energy transition, electric vehicle infrastructure, and sustainable product development. Additionally, the growing focus on cybersecurity, data privacy, and AI accountability presents significant opportunities for UL Solutions to further enhance its testing, certification, and advisory services. The increasing demand for global supply chain transparency and product safety provides further growth potential, positioning UL Solutions to strengthen its leadership in providing trusted solutions for a safer, more sustainable world.
UL Solutions Risks and Challenges
In the coming years, UL Solutions may face risks stemming from regulatory changes and legal challenges, particularly as the company operates in the highly regulated sectors of safety certification and compliance. Shifting industry regulations, product safety standards, or environmental requirements could directly impact their ability to meet market demands. Additionally, economic fluctuations could pose a threat, as downturns may lead to cost-cutting measures by businesses, potentially reducing demand for testing and certification services. Staying ahead of these risks will require proactive adaptation to evolving standards and economic conditions to maintain growth and market leadership.
UL Solutions Ecosystem, Partners, Resellers and SI
UL Solutions functions within a vast global ecosystem, providing essential testing, inspection, certification, and software solutions to businesses across various industries. Their ecosystem enables organizations to achieve product safety, sustainability, and regulatory compliance, fostering innovation and ensuring alignment with international standards. With a network that includes strategic partnerships, global laboratories, and regulatory authorities, UL Solutions is a key player in safety science, driving sustainable business practices and supporting companies in meeting evolving global challenges.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
