Process Safety Lifecycle Management

The Process Safety Lifecycle Management Market Research delivers current market analysis plus a five year market and technology forecast. The research is available in multiple editions including worldwide, all regions, and most major countries.

Users Lag in Implementing Adequate Process Safety Lifecycle Management Solutions

While process safety systems are widely used across the process industries, ARC research reveals that end users continue to lag in implementing fully functional process safety lifecycle management systems. This is largely due to business ignorance coupled with a lack of holistic solutions, which would make it much easier for end users to maintain the effectiveness of their systems over time. Most end user implementations continue to consist of a hodgepodge of supplier software coupled with homespun spreadsheets/databases.

Safety regulations and standards continue to drive the market as companies seek ways to ensure compliance with dwindling resources. Offerings in this space continue to mature to meet the growing need as end users slowly realize spreadsheets hidden on employees’ laptops cannot meet the need. Unfortunately, businesses have so many challenges vying for the corporate board’s attention. The responsibility for elevating process safety lifecycle management’s value to the board’s attention will take the cooperation of company personnel and suppliers.

Process Safety Lifecycle Management Strategic Issues

Process Safety Lifecycle Management market trendsIn addition to providing a five-year market forecast, the Process Safety Lifecycle Management market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Low-load Solutions

Lifecycle management can be laborious and expensive if the tools used require manual intervention and data capture. Worse still, record-keeping can become woefully inaccurate and misleading. End users should seek a solution that provides a single version of the truth. End users should also seek a solution that automatically gathers information and creates easily auditable records and reports because on-site personnel are spread thin, are expensive, and may not have all the expertise captured within an off-the-shelf solution.

Integrate for the Big Picture

Organization operational risk is a much larger issue in which process safety lifecycle management plays a role. Process safety lifecycle solutions should not only be integrated within the process safety realm, but also facilitate integration with enterprise-wide operational risk evaluation offerings that allow the corporation to evaluate vulnerabilities across the organization. End users want to find the most holistic integrated solution available. Implementations should avoid stranded safety data, manual integration tasks, and solutions that force users to look in multiple places. All in all, the solution should make it easy for users to quickly ascertain the state of the safety systems in terms of health, risk and compliance.

Conform to Standards

The number of standards applicable to an enterprise may vary; however, any solution chosen should support ANSI/ISA 84 and/or IEC 61508/11 at a minimum. In fact, the IEC 61511 standard has over 400 requirements that can be addressed through a comprehensive digital platform. Organizations like NFPA and API also have standards and best practices that should be considered but rely heavily on the ISA/IEC standards. Any vendor solution should be evaluated for conformance to these industry standards. 

Market Data Research Available Datasets

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.

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 AnalysisUse CasesTarget Role
Worldwide Market Growth Outlook by Industry & Region with 3-year history where availableIn-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industriesProduct & Marketing Managers
Worldwide Industry Growth Outlook by Region with 3-year history where availableStrategic technology growth planning for markets defined by a single or multiple vertical industriesIndustry 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 regionsRegional & Country Sales Managers
Market Growth Outlook Executive ViewStrategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regionsExecutives
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 AnalysisUse CasesTarget Role
Worldwide Competitive Analysis by TechnologyIn-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industriesProduct & Marketing Managers
Worldwide Competitive Analysis by IndustryStrategic technology-based competitive analyses for markets defined by a single or multiple vertical industriesIndustry Managers
Regional/Country Competitive Analysis by IndustryStrategic technology-based competitive analyses for markets defined by a single or multiple world regionsRegional Sales Managers
Competitive Analysis Executive ViewStrategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regionsExecutives

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Regional Trends
  • Industry Trends
  • Strategic Recommendations

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Application Scope
    • Enterprise
    • Local
    • Plant
  • Market Shares by Industry
    • Chemical
    • Electric Power Generation
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Refining
  • Market Shares by Revenue Category
    • Infrastructure/Hosting
    • Services
    • Software License (non-hosted)
    • Software Maintenance
    • Software Subscription
  • Market Shares by Type of Service
  • Market Shares by Deployment Model
    • Hosted
    • Cloud
    • On Premise
  • Market Shares by Lifecycle Stage
    • Define and Analyze
    • Design and Implement
    • Operate/Maintain/Decommission
  • Market Shares by Sales Channel
  • Market Shares by Customer Type

Market Forecasts

  • Total Shipments of Process Safety Lifecycle Management
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Application Scope
    • Enterprise
    • Local
    • Plant
  • Shipments by Industry
    • Chemical
    • Electric Power Generation
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Refining
  • Shipments by Revenue Category
    • Infrastructure/Hosting
    • Services
    • Software License (non-hosted)
    • Software Maintenance
    • Software Subscription
  • Shipments by Type of Service
  • Shipments by Deployment Model
    • Hosted
    • Cloud
    • On Premise
  • Shipments by Lifecycle Stage
    • Define and Analyze
    • Design and Implement
    • Operate/Maintain/Decommission
  • Shipments by Sales Channel
  • Shipments by Customer Type

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

  • Market Forecast by Country
  • Market Forecast by Industry

Industry Participants

List of countries included in each region: MIRA-Country

For More Information

To speak with the author or to purchase the Process Safety Lifecycle Management Market Research, please contact us.

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