New ARC Advisory Group research on the alarm management market reveals that many of the earlier alarm management installations need modernization and improvement as part of the standards/recommendation conformance. As a result, end users may need to migrate to fully functional alarm management systems that help rationalize alarms, reduce the number of alarms presented to the operator, and implement a continuous improvement process around alarm management.
“Alarm management solutions continue to increase functionality to better address over-alarm situations, provide better reporting, and reduce the burden on plant resources. End users can leverage these tools to reduce unnecessary downtime and increase efficiency in operations,” according to Mark Sen Gupta, Research Director at ARC Advisory Group and key author of ARC’s Alarm Management Global Market Research report.
About the Alarm Management Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the alarm management (for process industries) 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 region, industry, revenue category, and customers.
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.