Users Lag in Implementing Critical Process Safety Lifecycle Management Solutions

While process safety systems are widely used across the process industries, new ARC Advisory Group research on the process safety lifecycle management systems market reveals that end users continue to lag in implementing fully functional process safety lifecycle management systems.  This is largely due to ignorance and a lack of complete solutions, which would make it much easier for end users to maintain the effectiveness of their systems over time. The ARC research indicates that most end user implementations to date consist of a hodgepodge of supplier software and homespun spreadsheets/databases.

“Safety regulations and standards continue to drive the market as companies seek ways to ensure compliance with limited resources.  Offerings in this space continue to mature in order to meet the growing need as end users realize custom spreadsheet applications aren’t adequate,” noted Mark Sen Gupta, Director of Research at ARC Advisory Group and principal author of ARC’s Process Safety Lifecycle Management Global Market Research report.

About ARC’s Process Safety Lifecycle Management Research

Process Safety Lifecycle Management Market TrendsThis ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the safety lifecycle management market.  This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques.  The research includes competitive analysis, plus five-year market forecasts by world region, application scope, vertical industry, deployment, lifecycle stage, revenue category, type of service provided, sales channel, and customer type. 

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations.  These include a:

  • Market Intelligence Workbook (Excel) - personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast.  This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
  • Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.  The PDF is available with or without detailed charts.

For more information on this and other available ARC market research, please visit our Market Data & Studies section..

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