This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis. Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers. All of these modules and sub-modules may be purchased as a bundle or separately. A brief description of these modules, sub-modules, and their use cases is included below.
The Alarm Management market research delivers current market analysis plus a five-year market and technology forecast. It is available in multiple editions including worldwide, all regions, and most major countries.
Alarm Management Systems: Compliance to Standards Drives Investment
ARC Advisory Group research on the alarm management market reveals that reliable alarm management continues to be a focus in industrial process plants around the world. This is driven largely by the need to conform to current standards and best practices like ISA 18.2, EEMUA 191, and IEC 62682 and pushed by governments and insurers. The primary goal of these standards and practices is to develop a continuous improvement approach to alarm management and ease the “alarm burden” on operators, so they only see the information they need to see, particularly during process upsets or other abnormal situations.
Alarm Management Strategic Issues
In addition to providing a five-year market forecast, the alarm management market research provides detailed quantitative current market data and addresses key strategic issues as follow.
Have Tight Integration with the Control System
DCS suppliers have made significant progress in expanding their scope of applications and solutions beyond traditional DCS functionality. This includes applications such as alarm management. Many of the large alarm management suppliers today are also DCS suppliers. All DCS suppliers are involved in alarm management in some way, whether they offer their own alarm management solution or offer very tight integration with a third-party solution. Every DCS supplier also offers some manner of services related to alarm management. The level of sophistication of these services varies and should be evaluated on a case-by-case basis.
DCS suppliers tout tighter integration with their process automation systems and a growing list of services and solutions capabilities to assist end users in their alarm management projects. DCS suppliers also offer a wider range of complementary applications and services, with alarm management being just one aspect of a full offering of applications and solutions to cover the entire spectrum of process automation.
Avoid a Functional Replacement When Modernizing or Migrating Alarm Management System
Avoid just doing a “functional replacement” of the alarm management system. During a process automation system migration project, for example, many end users will simply implement a like-for-like replacement of functions in the legacy DCS for the functions in the new system. Any new alarm management solution will most likely offer a higher degree of functionality than the solution it is replacing and, more importantly, provide a path to using some more advanced technologies and functions outside of the scope of alarm management.
Use Alarm Management as a Path to Big Data, Analytics, and Procedural Automation
A new or upgraded alarm management solution could potentially help support many transformative technologies. Two technologies that come to mind are Big Data analytics and procedural automation. As one end user told ARC, “The information from a new alarm management system implementation can be used in the context of a data analytics solution. Many large plants are finding hidden value in some of these masked abnormal situations–ones that are near misses, degrading situations. To find those near misses, you must have event context.”
Calculated values could also be used in the context of an ISA 106 application for procedural automation. Many end users are finding value in automating procedures that were previously performed manually. This also overlaps into the realm of state-based control, in which process automation systems can dynamically react to changing states in the process without operator intervention.
Market Data Research Available Datasets
Market Growth Outlook
ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world. In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Market Growth Outlook Analysis | Use Cases | Target Role |
| Worldwide Market Growth Outlook by Industry & Region with 3-year history where available | In-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Industry Growth Outlook by Region with 3-year history where available | Strategic technology growth planning for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data) | Strategic technology growth planning for markets defined by a single or multiple world regions | Regional & Country Sales Managers |
| Market Growth Outlook Executive View | Strategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Market Competitive Analysis
ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Competitive Analysis | Use Cases | Target Role |
| Worldwide Competitive Analysis by Technology | In-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple world regions | Regional Sales Managers |
| Competitive Analysis Executive View | Strategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Worldwide Research Focus Areas
Worldwide Research Focus Areas
Strategic Analysis
- Executive Summary
- Market Trends
- Buyer Strategies
- Supplier Strategies
- Growth Contributors and Inhibitors
Competitive Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Market Shares by Revenue Category
- Service Revenues
- Software Revenues
- Market Shares by Industry
- Cement & Glass
- Chemical/Petrochemical
- Electric Power Generation
- Food & Beverage
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Refining
- Water & Wastewater
- Market Shares by Customer Type
- Market Shares by Sales Channel
Market Forecasts & Histories
- Total Shipments of Alarm Management
- Shipments by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Shipments by Revenue Category
- Service Revenues
- Software Revenues
- Shipments by Industry
- Cement & Glass
- Chemical/Petrochemical
- Electric Power Generation
- Food & Beverage
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Refining
- Water & Wastewater
- Shipments by Customer Type
- Shipments by Sales Channel
Industry Participants
The research identifies all relevant suppliers serving this market.
Regional Research Focus Areas
Strategic Analysis
Competitive Analysis
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market Forecasts & Histories
- Market Forecast & History by Country
- Market Forecast & History by Industry
Industry Participants
List of countries & currencies included in each region: MIRA-Country
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