Study reveals who's leading in alarm management
Software, sensor and autonomous technology company Hexagon has announced it has been recognised as a leading provider of alarm management software by the ARC Advisory Group in its annual Alarm Management market research study.
Designed to deliver current market analysis plus a five-year market and technology forecast, the market research study identified Hexagon as the leading supplier of alarm management software and services worldwide. Combined, Hexagon and its nearest competitor represent about half of overall market revenue.
“Reliable alarm management capabilities are a must-have for our customers, which is why we dive in head-first to provide the best software and services to our customers,” said Bill Hollifield of Hexagon’s Asset Lifecycle Intelligence division. Hollifield is the author of two books on alarm management and has been a member of the International Society of Automation (ISA) 18.2 alarm management standards committee since its inception in 2003.
“For well over a decade, we’ve been recognised experts in alarm management and overall operations risk management. We build that expertise into our software and deliver that expertise through comprehensive services,” he said.
The market’s recognition of Hexagon’s expertise has made it the largest alarm management software supplier globally, the company said, in addition to being the fastest-growing company in the alarm management software market.
Hexagon’s PAS PlantState Integrity platform includes solutions for alarm management, boundary management, control loop monitoring and tuning, and managing Independent Protection Layers (IPLs) that work together to enable a holistic insight into core areas of industrial operations.
“Hexagon has experienced substantial growth and we’re pleased to see the company flourishing since acquiring PAS in 2020,” said Mark Sen Gupta, Director of Research, ARC Advisory Group. “ARC maintains a longstanding relationship with the team and is consistently impressed with its performance in the alarm management market.”
For more information or to purchase the study, visit www.arcweb.com/market-studies/alarm-management.
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