Alarm Management System Market

Alarm Management System Market

Global Alarm Management System Market: Introduction

Nowadays, alarm overload has become a common issue in most manufacturing plants. The reason behind this overload is formerly integrated independent systems for effective operations with fewer operators. Thus, each operator has to deal with more alarms by monitoring a wider area. Alarm management systems help customers by rationalizing these alarms in manufacturing plants. Alarm management systems help to overcome the situation of inaccurate alarms, disabled alarms and alarm floods. Hence, alarm management systems help to increase situation awareness, which further positively impacts plant production and safety.

Alarm management systems are generally used for grouping, classifying alerts, prioritizing and enabling event notifications used in SCADA (Supervisory Control And Data Acquisition). Alarm management systems function in a similar manner in other applications as well, such as in medical care and IT. Alarm management systems reduce fatigue and improve focus and readability for the individuals monitoring SCADA. In complex industrial and power generation systems that use SCADA, alarm management systems reduce the use of alarms for events. These systems also prioritize events and alarms and then route them towards those in need of a response.

Global Alarm Management System Market: Dynamics

Alarm management systems reduce alarm flooding through near real time alerts, which is one of the major factors driving the growth of the market during. That apart, these systems help to keep processes safe and profitable through a DCS (Distributed Control System) which maintains and creates a master alarm database. Thus, this factor will also propel the growth of the alarm management system market over the projected period. Furthermore, these systems improve decision support, operator effectiveness and situation awareness. This is another factor that will also contribute towards the growth of the alarm management system market during the forecast period. Increasing need to conform with current industry standards and best practices, such as EEMUA 191, ISA 18.2 and IEC 62682, will also create demand space for alarm management systems during the forecast period. However, some implementation and technical challenges, such as configuration issues, redefining KPIs (Key Performance Indicators) and alarm philosophy development, are expected to restrain the growth of the alarm management system market during the forecast period. Some other factors, such as implementation of dynamic alarming, need to keep alarm rationalization up to date, etc. are also likely to hinder the growth of the alarm management system market during the forecast period.

Global Alarm Management System Market: Segmentation

The global Alarm Management System market can be segmented on the basis of component, industry and region.

Alarm Management System market, by component

Software

Services

Alarm Management System market, by industry

Manufacturing

Healthcare

Information and Technology

Others

Global Alarm Management System Market: Competition Landscape

Key Vendors

Some of the key vendors in the alarm management system market are PAS Global, LLC, exida.com LLC, Honeywell International Inc., KLAS Research, Yokogawa India Ltd., Vocera Communications, Ascom Holdings, GE Healthcare, Masimo Corporation, Koninklijke Philips and Spok, Inc.

Global Alarm Management System Market: Regional Outlook

Geographically, the alarm management system market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan.

North America is anticipated to be the major revenue generating region in the global alarm management market owing to the increasing usage of alarm management systems for clinical purposes. Moreover, increasing demand for integrated healthcare IT systems to ensure reliability and various initiatives being taken by government bodies to reduce alarm fatigue are other important factors driving the growth of the alarm management system market in this region. The alarm management system market in Asia Pacific is anticipated to grow at a significant rate owing to the growing usage of alarm management systems in manufacturing industries in this region. Countries, such as China, Japan and India, are expected to drive the growth of the market in this region.

The report covers an exhaustive analysis on:

Market Segments

Market Dynamics

Historical Actual Market Size, 2013-2017

Market Size and Forecast 2018 to 2028

Supply and Demand Value Chain

Current Trends/Issues/Challenges

Competition and Companies Involved

Technology

Value Chain

Market Drivers and Restraints

Regional analysis for the global Alarm Management System market includes:

North America Alarm Management System Market

U.S.

Canada

Latin America Alarm Management System Market

Argentina

Mexico

Brazil

Rest of Latin America

Western Europe Alarm Management System Market

Germany

France

U.K.

Spain

Italy

Nordic

Benelux

Rest of Western Europe

Eastern Europe Alarm Management System Market

Poland

Russia

Asia Pacific Alarm Management System Market

India

ASEAN

Australia and New Zealand

Rest of SEA and Others of APAC

Japan Alarm Management System Market

China Alarm Management System Market

Middle East and Africa Alarm Management System Market

GCC Countries

North Africa

South Africa

Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. It provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. It also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market

Changing market dynamics of the industry

In-depth market segmentation

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and product offerings

Potential and niche segments/regions exhibiting promising growth

A neutral perspective towards market performance

Must-have information for market players to sustain and enhance their market footprint


1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. Value Chain Analysis
3.5.1. Profit Margin Analysis
3.5.2. Service Providers
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Solution
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Solution, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Solution, 2022-2032
5.3.1. Suite
5.3.2. Services
5.4. Y-o-Y Growth Trend Analysis By Solution, 2017-2021
5.5. Absolute $ Opportunity Analysis By Solution, 2022-2032 Deep-dive segmentation will be available in the sample on request
6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By Industry, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Industry, 2022-2032
6.3.1. Oil & Gas
6.3.2. Chemicals
6.3.3. Power
6.3.4. Mining & Metals
6.3.5. Water & Wastewater
6.3.6. Pulp & Paper
6.3.7. Food & Beverage
6.3.8. Pharmaceuticals
6.3.9. Others
6.4. Y-o-Y Growth Trend Analysis By Industry, 2017-2021
6.5. Absolute $ Opportunity Analysis By Industry, 2022-2032 Deep-dive segmentation will be available in the sample on request
7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia & Pacific
7.3.6. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Solution
8.2.3. By Industry
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Solution
8.3.3. By Industry
8.4. Key Takeaways
9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Mexico
9.2.1.2. Brazil
9.2.1.3. Rest of Latin America
9.2.2. By Solution
9.2.3. By Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Solution
9.3.3. By Industry
9.4. Key Takeaways
10. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. U.K.
10.2.1.5. Spain
10.2.1.6. BENELUX
10.2.1.7. Russia
10.2.1.8. Rest of Europe
10.2.2. By Solution
10.2.3. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Solution
10.3.3. By Industry
10.4. Key Takeaways
11. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By Solution
11.2.3. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Solution
11.3.3. By Industry
11.4. Key Takeaways
12. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. India
12.2.1.2. ASEAN
12.2.1.3. Australia and New Zealand
12.2.1.4. Rest of South Asia & Pacific
12.2.2. By Solution
12.2.3. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Solution
12.3.3. By Industry
12.4. Key Takeaways
13. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. Turkey
13.2.1.3. South Africa
13.2.1.4. Rest of MEA
13.2.2. By Solution
13.2.3. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Solution
13.3.3. By Industry
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Solution
14.1.2.2. By Industry
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Solution
14.2.2.2. By Industry
14.3. Mexico
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Solution
14.3.2.2. By Industry
14.4. Brazil
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Solution
14.4.2.2. By Industry
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Solution
14.5.2.2. By Industry
14.6. Italy
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Solution
14.6.2.2. By Industry
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Solution
14.7.2.2. By Industry
14.8. U.K.
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Solution
14.8.2.2. By Industry
14.9. Spain
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Solution
14.9.2.2. By Industry
14.10. BENELUX
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Solution
14.10.2.2. By Industry
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Solution
14.11.2.2. By Industry
14.12. China
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Solution
14.12.2.2. By Industry
14.13. Japan
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Solution
14.13.2.2. By Industry
14.14. South Korea
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Solution
14.14.2.2. By Industry
14.15. India
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Solution
14.15.2.2. By Industry
14.16. ASEAN
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Solution
14.16.2.2. By Industry
14.17. Australia and New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Solution
14.17.2.2. By Industry
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Solution
14.18.2.2. By Industry
14.19. Turkey
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Solution
14.19.2.2. By Industry
14.20. South Africa
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2021
14.20.2.1. By Solution
14.20.2.2. By Industry
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Solution
15.3.3. By Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Yokogawa
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Honeywell Process Solutions
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. ICONICS, Inc.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Hexagon AB
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Exida
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. PcVue Inc. 
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. ABB
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Schneider Electric
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. ETAP
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. TiPS, Inc.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. EnerSys Corporation
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
16.1.12. SSM InfoTech Solutions Pvt. Ltd.
16.1.12.1. Overview
16.1.12.2. Product Portfolio
16.1.12.3. Profitability by Market Segments
16.1.12.4. Sales Footprint
16.1.12.5. Strategy Overview
16.1.12.5.1. Marketing Strategy
16.1.12.5.2. Product Strategy
16.1.12.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings