Report Highlights
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 Synopsis
Report Metrics | Details |
Base year considered | 2022 |
Forecast period considered | 2022-2032 |
Units considered | $ Million |
Segments covered | By Component, By Industry, By Region |
Industry covered | Technology |
Countries covered | U.S, Canada, Brazil, Argentina, Germany, U.K, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
Companies studied |
|
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
- Table 1 : Global Market Value (US$ Mn) Forecast by Region, 2017-2032
- Table 2 : Global Market Value (US$ Mn) Forecast by Solution, 2017-2032
- Table 3 : Global Market Value (US$ Mn) Forecast by Industry, 2017-2032
- Table 4 : North America Market Value (US$ Mn) Forecast by Country, 2017-2032
- Table 5 : North America Market Value (US$ Mn) Forecast by Solution, 2017-2032
- Table 6 : North America Market Value (US$ Mn) Forecast by Industry, 2017-2032
- Table 7 : Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
- Table 8 : Latin America Market Value (US$ Mn) Forecast by Solution, 2017-2032
- Table 9 : Latin America Market Value (US$ Mn) Forecast by Industry, 2017-2032
- Table 10 : Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
- Table 11 : Europe Market Value (US$ Mn) Forecast by Solution, 2017-2032
- Table 12 : Europe Market Value (US$ Mn) Forecast by Industry, 2017-2032
- Table 13 : East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032
- Table 14 : East Asia Market Value (US$ Mn) Forecast by Solution, 2017-2032
- Table 15 : East Asia Market Value (US$ Mn) Forecast by Industry, 2017-2032
- Table 16 : South Asia & Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
- Table 17 : South Asia & Pacific Market Value (US$ Mn) Forecast by Solution, 2017-2032
- Table 18 : South Asia & Pacific Market Value (US$ Mn) Forecast by Industry, 2017-2032
- Table 19 : MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
- Table 20 : MEA Market Value (US$ Mn) Forecast by Solution, 2017-2032
- Table 21 : MEA Market Value (US$ Mn) Forecast by Industry, 2017-2032
- Figure 1 : Global Market Value (US$ Mn) by Solution, 2022-2032
- Figure 2 : Global Market Value (US$ Mn) by Industry, 2022-2032
- Figure 3 : Global Market Value (US$ Mn) by Region, 2022-2032
- Figure 4 : Global Market Value (US$ Mn) Analysis by Region, 2017-2032
- Figure 5 : Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
- Figure 6 : Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
- Figure 7 : Global Market Value (US$ Mn) Analysis by Solution, 2017-2032
- Figure 8 : Global Market Value Share (%) and BPS Analysis by Solution, 2022-2032
- Figure 9 : Global Market Y-o-Y Growth (%) Projections by Solution, 2022-2032
- Figure 10 : Global Market Value (US$ Mn) Analysis by Industry, 2017-2032
- Figure 11 : Global Market Value Share (%) and BPS Analysis by Industry, 2022-2032
- Figure 12 : Global Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
- Figure 13 : Global Market Attractiveness by Solution, 2022-2032
- Figure 14 : Global Market Attractiveness by Industry, 2022-2032
- Figure 15 : Global Market Attractiveness by Region, 2022-2032
- Figure 16 : North America Market Value (US$ Mn) by Solution, 2022-2032
- Figure 17 : North America Market Value (US$ Mn) by Industry, 2022-2032
- Figure 18 : North America Market Value (US$ Mn) by Country, 2022-2032
- Figure 19 : North America Market Value (US$ Mn) Analysis by Country, 2017-2032
- Figure 20 : North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
- Figure 21 : North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
- Figure 22 : North America Market Value (US$ Mn) Analysis by Solution, 2017-2032
- Figure 23 : North America Market Value Share (%) and BPS Analysis by Solution, 2022-2032
- Figure 24 : North America Market Y-o-Y Growth (%) Projections by Solution, 2022-2032
- Figure 25 : North America Market Value (US$ Mn) Analysis by Industry, 2017-2032
- Figure 26 : North America Market Value Share (%) and BPS Analysis by Industry, 2022-2032
- Figure 27 : North America Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
- Figure 28 : North America Market Attractiveness by Solution, 2022-2032
- Figure 29 : North America Market Attractiveness by Industry, 2022-2032
- Figure 30 : North America Market Attractiveness by Country, 2022-2032
- Figure 31 : Latin America Market Value (US$ Mn) by Solution, 2022-2032
- Figure 32 : Latin America Market Value (US$ Mn) by Industry, 2022-2032
- Figure 33 : Latin America Market Value (US$ Mn) by Country, 2022-2032
- Figure 34 : Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
- Figure 35 : Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
- Figure 36 : Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
- Figure 37 : Latin America Market Value (US$ Mn) Analysis by Solution, 2017-2032
- Figure 38 : Latin America Market Value Share (%) and BPS Analysis by Solution, 2022-2032
- Figure 39 : Latin America Market Y-o-Y Growth (%) Projections by Solution, 2022-2032
- Figure 40 : Latin America Market Value (US$ Mn) Analysis by Industry, 2017-2032
- Figure 41 : Latin America Market Value Share (%) and BPS Analysis by Industry, 2022-2032
- Figure 42 : Latin America Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
- Figure 43 : Latin America Market Attractiveness by Solution, 2022-2032
- Figure 44 : Latin America Market Attractiveness by Industry, 2022-2032
- Figure 45 : Latin America Market Attractiveness by Country, 2022-2032
- Figure 46 : Europe Market Value (US$ Mn) by Solution, 2022-2032
- Figure 47 : Europe Market Value (US$ Mn) by Industry, 2022-2032
- Figure 48 : Europe Market Value (US$ Mn) by Country, 2022-2032
- Figure 49 : Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
- Figure 50 : Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
- Figure 51 : Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
- Figure 52 : Europe Market Value (US$ Mn) Analysis by Solution, 2017-2032
- Figure 53 : Europe Market Value Share (%) and BPS Analysis by Solution, 2022-2032
- Figure 54 : Europe Market Y-o-Y Growth (%) Projections by Solution, 2022-2032
- Figure 55 : Europe Market Value (US$ Mn) Analysis by Industry, 2017-2032
- Figure 56 : Europe Market Value Share (%) and BPS Analysis by Industry, 2022-2032
- Figure 57 : Europe Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
- Figure 58 : Europe Market Attractiveness by Solution, 2022-2032
- Figure 59 : Europe Market Attractiveness by Industry, 2022-2032
- Figure 60 : Europe Market Attractiveness by Country, 2022-2032
- Figure 61 : East Asia Market Value (US$ Mn) by Solution, 2022-2032
- Figure 62 : East Asia Market Value (US$ Mn) by Industry, 2022-2032
- Figure 63 : East Asia Market Value (US$ Mn) by Country, 2022-2032
- Figure 64 : East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032
- Figure 65 : East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032
- Figure 66 : East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032
- Figure 67 : East Asia Market Value (US$ Mn) Analysis by Solution, 2017-2032
- Figure 68 : East Asia Market Value Share (%) and BPS Analysis by Solution, 2022-2032
- Figure 69 : East Asia Market Y-o-Y Growth (%) Projections by Solution, 2022-2032
- Figure 70 : East Asia Market Value (US$ Mn) Analysis by Industry, 2017-2032
- Figure 71 : East Asia Market Value Share (%) and BPS Analysis by Industry, 2022-2032
- Figure 72 : East Asia Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
- Figure 73 : East Asia Market Attractiveness by Solution, 2022-2032
- Figure 74 : East Asia Market Attractiveness by Industry, 2022-2032
- Figure 75 : East Asia Market Attractiveness by Country, 2022-2032
- Figure 76 : South Asia & Pacific Market Value (US$ Mn) by Solution, 2022-2032
- Figure 77 : South Asia & Pacific Market Value (US$ Mn) by Industry, 2022-2032
- Figure 78 : South Asia & Pacific Market Value (US$ Mn) by Country, 2022-2032
- Figure 79 : South Asia & Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
- Figure 80 : South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
- Figure 81 : South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
- Figure 82 : South Asia & Pacific Market Value (US$ Mn) Analysis by Solution, 2017-2032
- Figure 83 : South Asia & Pacific Market Value Share (%) and BPS Analysis by Solution, 2022-2032
- Figure 84 : South Asia & Pacific Market Y-o-Y Growth (%) Projections by Solution, 2022-2032
- Figure 85 : South Asia & Pacific Market Value (US$ Mn) Analysis by Industry, 2017-2032
- Figure 86 : South Asia & Pacific Market Value Share (%) and BPS Analysis by Industry, 2022-2032
- Figure 87 : South Asia & Pacific Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
- Figure 88 : South Asia & Pacific Market Attractiveness by Solution, 2022-2032
- Figure 89 : South Asia & Pacific Market Attractiveness by Industry, 2022-2032
- Figure 90 : South Asia & Pacific Market Attractiveness by Country, 2022-2032
- Figure 91 : MEA Market Value (US$ Mn) by Solution, 2022-2032
- Figure 92 : MEA Market Value (US$ Mn) by Industry, 2022-2032
- Figure 93 : MEA Market Value (US$ Mn) by Country, 2022-2032
- Figure 94 : MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
- Figure 95 : MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
- Figure 96 : MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
- Figure 97 : MEA Market Value (US$ Mn) Analysis by Solution, 2017-2032
- Figure 98 : MEA Market Value Share (%) and BPS Analysis by Solution, 2022-2032
- Figure 99 : MEA Market Y-o-Y Growth (%) Projections by Solution, 2022-2032
- Figure 100 : MEA Market Value (US$ Mn) Analysis by Industry, 2017-2032
- Figure 101 : MEA Market Value Share (%) and BPS Analysis by Industry, 2022-2032
- Figure 102 : MEA Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
- Figure 103 : MEA Market Attractiveness by Solution, 2022-2032
- Figure 104 : MEA Market Attractiveness by Industry, 2022-2032
- Figure 105 : MEA Market Attractiveness by Country, 2022-2032
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