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Incident and Deviation Management Solution Market Size, Industry Analysis Report by Component (Software and Services), by Deployment Mode (On-Premise and Cloud), by End Use (IT & Telecommunication, Biotechnology, Pharmaceutical, Manufacturing, Healthcare and Life science, Automotive, Energy, Chemicals) & Region – Forecasts

  • PUBLISHED ON
  • 2024-01-08
  • NO OF PAGES
  • 243
  • CATEGORY
  • Information Communication & Technology

 

Global Incident and Deviation Management Solution Market Analysis by Component, Deployment Mode, End Use, Region and segments forecast till 2033

 

Market Overview

The Global Incident and Deviation Management Solution market size was USD 1,200 million in 2022 to USD 1,900 million by 2033, at a CAGR of 9.3% during the forecast period.

 

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 1,200 million

Market Forecast in 2033

USD 1,900 million

CAGR % 2023-2033

9.3%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

Atlassian Pty Ltd., ETQ, LLC, Formpipe Software AB., Fresh Service Ltd., Interneer, Inc., MasterControl, Inc., MetricStream, Inc., Opsgenie, Inc., PagerDuty, Inc., Pilgrim Quality Solutions, Samanage Ltd., SolarWinds, Inc., Sparta Systems, VictorOps Inc., and Others

 

Global Incident and Deviation Management Solution Market- Description

Incident and deviation management solutions are deployed across enterprises with IT infrastructure to resolve the occurrence of deviations and incidents during data management processes. These solutions streamline and automate the process of documentation and investigation of potential threats which in turn enables the concerned bodies to implement favorable risk mitigation policies. Incident and deviation management solutions also provide virtual assistance to employees, thereby reducing the concerns associated with incomplete or lost records.

The increasing threat of cyberattacks across various enterprises and rapid technological advancements in the field are primarily augmenting the outlook of this marketplace. Alongside, the ability of these solutions to provide configurable corrective measures to the employees are creating lucrative opportunities for the marketplace to prosper. Also, the growing instances of infrastructural damage caused by natural or man-made disasters is adding momentum to the progression of this business vertical. Besides, rapid industrialization and widespread economic developments across major regions are stimulating the overall industry dynamics.

Furthermore, rising R&D investments in the field along with the integration of technologies such as AI, Big Data, and Machine learning into deviation management systems are positively swaying the dynamics of this market vertical. Moreover, the surging prevalence of product failures and management errors across various sectors is bolstering the overall market expansion. On the flipside, high costs pertaining to the installation and management of these solutions are hindering the remuneration scope of this business vertical.

 

Global Incident and Deviation Management Solution Market- Key trends

·         Wide array of benefits offered by deviation management systems to aid industry growth

The occurrence of product, technical, and management errors is quite common among enterprises. This in turn has escalated the demand for efficient incident management systems for the identification and rectification of the man-made and technical errors. The incident and deviation management solutions are equipped with the ability to assess and determine the cause of errors while providing favorable corrective measures to the concerned employees. This in turn is augmenting the outlook of this marketplace.

 

·         Technological innovation in the field to bolster market expansion

There has been a widespread integration of advanced technologies such as AI, Big Data, IoT, and Machine learning into deviation management solutions domain. This in turn facilitates the streamlining and automation of risk identification and mitigation process across enterprises. These factors are stimulating the overall dynamics of this industry.

 

Global Incident and Deviation Management Solution Market- Segmental assessment

By Component

• Software

• Services

The software segment is poised to amass notable gains over 2023-2033 owing to their widespread availability and ease of operations.

 

By Deployment Mode

• On-Premise

• Cloud

The cloud segment is expected to generate significant returns over the estimated timeframe. This is ascribed to the growing integration of cloud based technologies across a wide array of sectors due to their affordability and ease of use.

 

By End Use

• IT &Telecommunication

• Biotechnology

• Pharmaceutical

• Manufacturing

• Healthcare and Life science

• Automotive

• Energy

• Chemical

• Others

The IT & Telecommunication segment is slated to account for a high market share over the stipulated timeline. This is credited to the growing threats of cyberattacks across IT based companies.

 

Global Incident and Deviation Management Solution Market- Geographical landscape

The major regions influencing the growth trajectory of this industry are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2023-2033. This is attributable to the widespread industrialization, presence of strong IT infrastructure, and growing incidences of cyberattacks in the region.

 

Global Incident and Deviation Management Solution Market- Recent Developments

The aforementioned companies are focusing towards the expansion of their global presence by adopting strategies such as mergers & acquisitions, product launches, R&D investments, collaboration deals, and partnerships, among others. These strategies are also providing them with a competitive edge against their top competitors.

 

Global Incident and Deviation Management Solution Market: Company Profile

·         Atlassian Pty Ltd.

·         ETQ, LLC

·         Formpipe Software AB.

·         Fresh Service Ltd.

·         Interneer, Inc.

·         MasterControl, Inc.

·         MetricStream, Inc.

·         Opsgenie, Inc.

·         PagerDuty, Inc.

·         Pilgrim Quality Solutions

·         Samanage Ltd.

·         SolarWinds, Inc.

·         Sparta Systems

·         VictorOps Inc.

·         Others

 

Global Incident and Deviation Management Solution Market: Regional Scope   

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

 

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

1. Global Incident and Deviation Management Solution Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. Incident and Deviation Management Solution Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global Incident and Deviation Management Solution Market Scope and Market Estimation

1.4.1. Global Incident and Deviation Management Solution Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global Incident and Deviation Management Solution Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. Incident and Deviation Management Solution Market Segmentation

1.5.1. Component of Global Incident and Deviation Management Solution Market

1.5.2. Deployment Mode of Global Incident and Deviation Management Solution Market

1.5.3. End-user of Global Incident and Deviation Management Solution Market

1.5.4. Key Regions of Global Incident and Deviation Management Solution Market

 

2. Global Incident and Deviation Management Solution Market - Executive Summary

2.1. Global Incident and Deviation Management Solution Market – Summary & Snapshot

2.2. Global Incident and Deviation Management Solution Market, By Component (US$ Million)

2.3. Global Incident and Deviation Management Solution Market, By Deployment Mode (US$ Million)

2.4. Global Incident and Deviation Management Solution Market, By End-user (US$ Million)

2.5. Global Incident and Deviation Management Solution Market, By Geography (US$ Million)

2.6. Global Incident and Deviation Management Solution Market Outlook & Future Opportunities

 

3. Incident and Deviation Management Solution Market Trends, Outlook, and Factors Analysis

3.1. Global Incident and Deviation Management Solution Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global Incident and Deviation Management Solution Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Incident and Deviation Management Solution Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Growing adoption of incident and deviation management solutions to minimize risk of repeated product failures and errors in various businesses

3.2.1.2. Driver 2

3.2.1.3. Driver 3

3.2.2. Restraints

3.2.2.1. The high expense of designing and implementing an incident and deviation management system

3.2.2.2. Restraint 2

3.2.2.3. Restraint 3

3.2.3. Opportunities

3.2.3.1. Increased government activities regarding robotic technology and AI technology

3.2.3.2. Surge in investment of major companies in incident and deviation management solution

3.2.3.3. Opportunity 3

3.2.3.4. Opportunity 4

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of Incident and Deviation Management Solution Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of Incident and Deviation Management Solution Market

3.9.1. By Component

3.9.2. By Deployment Mode

3.9.3. By End-user

3.9.4. By Regions

 

4. Global Incident and Deviation Management Solution Market: Estimates & Historic Trend Analysis (2019 to 2021)

4.1. Global Incident and Deviation Management Solution Market, 2020 – 2021 (US$ Million)

4.2. Global Incident and Deviation Management Solution Market, By Component (US$ Million)

4.3. Global Incident and Deviation Management Solution Market, By Deployment Mode (US$ Million)

4.4. Global Incident and Deviation Management Solution Market, By End-user (US$ Million)

4.5. Global Incident and Deviation Management Solution Market, By Region, 2020 to 2021 (US$ Million)

 

5. Global Incident and Deviation Management Solution Market Estimates & Forecast Trend Analysis, by Component

5.1. Global Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033

5.2. Global Incident and Deviation Management Solution Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033

5.2.1. Software

5.2.2. Services

 

6. Global Incident and Deviation Management Solution Market Estimates & Forecast Trend Analysis, by Deployment Mode

6.1. Global Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, by Deployment Mode, 2022 & 2033

6.2. Global Incident and Deviation Management Solution Market Revenue (US$ Million) Estimates and Forecasts, by Deployment Mode, 2022 to 2033

6.2.1. On-premise

6.2.2. Cloud

 

7. Global Incident and Deviation Management Solution Market Estimates & Forecast Trend Analysis, by End-user

7.1. Global Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, by End-user, 2022 & 2033

7.2. Global Incident and Deviation Management Solution Market Revenue (US$ Million) Estimates and Forecasts, by End-user, 2022 to 2033

7.2.1. IT & Telecommunication

7.2.2. Biotechnology

7.2.3. Pharmaceutical

7.2.4. Manufacturing

7.2.5. Healthcare and Life science

7.2.6. Automotive

7.2.7. Energy

7.2.8. Chemical

7.2.9. Others

 

8. Global Incident and Deviation Management Solution Market Analysis and Forecast, by Region

8.1. Global Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

8.2. Global Incident and Deviation Management Solution Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

8.2.1. North America

8.2.2. Europe

8.2.3. Asia Pacific

8.2.4. Middle East and Africa

8.2.5. South America

 

9. North America Incident and Deviation Management Solution Market: Estimates & Forecast Trend Analysis

9.1. North America Incident and Deviation Management Solution Market Assessments & Key Findings

9.2. North America Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, 2022 & 2033

9.3. North America Incident and Deviation Management Solution Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

9.3.1. By Component

9.3.2. By Deployment Mode

9.3.3. By End-user

9.3.4. By Major Country

9.3.4.1. The U.S.

9.3.4.2. Canada

 

10. Europe Incident and Deviation Management Solution Market: Estimates & Forecast Trend Analysis

10.1. Europe Incident and Deviation Management Solution Market Assessments & Key Findings

10.2. Europe Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. Europe Incident and Deviation Management Solution Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

10.3.1. By Component

10.3.2. By Deployment Mode

10.3.3. By End-user

10.3.4. By Major Country

10.3.4.1. Germany

10.3.4.2. The U.K.

10.3.4.3. France

10.3.4.4. Italy

10.3.4.5. Spain

10.3.4.6. Russia

10.3.4.7. Rest of Europe (includes all other European countries)

 

11. Asia Pacific Incident and Deviation Management Solution Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific Incident and Deviation Management Solution Market Assessments & Key Findings

11.2. Asia Pacific Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Asia Pacific Incident and Deviation Management Solution Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

11.3.1. By Component

11.3.2. By Deployment Mode

11.3.3. By End-user

11.3.4. By Major Country

11.3.4.1. China

11.3.4.2. Japan

11.3.4.3. India

11.3.4.4. ASEAN

11.3.4.5. South Korea

11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

12. Middle East & Africa Incident and Deviation Management Solution Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa Incident and Deviation Management Solution Market Assessments & Key Findings

12.2. Middle East & Africa Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Middle East & Africa Incident and Deviation Management Solution Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Component

12.3.2. By Deployment Mode

12.3.3. By End-user

12.3.4. By Major Country

12.3.4.1. GCC

12.3.4.2. South Africa

12.3.4.3. Egypt

12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

13. South America Incident and Deviation Management Solution Market: Estimates & Forecast Trend Analysis

13.1. South America Market Assessments & Key Findings

13.2. South America Incident and Deviation Management Solution Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. South America Incident and Deviation Management Solution Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

13.3.1. By Component

13.3.2. By Deployment Mode

13.3.3. By End-user

13.3.4. By Major Country

13.3.4.1. Brazil

13.3.4.2. Mexico

13.3.4.3. Rest of South America (includes all other South America countries)

 

14. Competitive Landscape

14.1. Incident and Deviation Management Solution Market Revenue Share Analysis (%), by Major Players (2021)

14.2. Incident and Deviation Management Solution Market Competition Matrix, by Leading Players

14.3. Incident and Deviation Management Solution List of Emerging, Prominent and Leading Players

14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

15. Company Profiles

15.1. Agaram Technologies

15.1.1. Company Overview & Insights

15.1.2. Financial Performance

15.1.3. Product / Service Portfolio

15.1.4. Geographical Footprint & Share

15.1.5. Strategic Initiatives & Key Developments

 

*Similar details would be provided for all the players mentioned below

15.2. Atlassian Pty Ltd.

15.3. ETQ, LLC

15.4. Formpipe Software AB.

15.5. Fresh Service Ltd.

15.6. Interneer, Inc.

15.7. MasterControl, Inc.

15.8. MetricStream, Inc.

15.9. Opsgenie, Inc.

15.10. PagerDuty, Inc.

15.11. Pilgrim Quality Solutions

15.12. Samanage Ltd.

15.13. SolarWinds , Inc.

15.14. Sparta Systems

15.15. VictorOps Inc.

15.16. Others

 

16. Assumptions and Research Methodology

16.1. Data Mining

16.2. Secondary Research

16.3. Primary Research

16.4. Subject Matter Expert Advice

16.5. Quality Check

16.6. Final Review

16.7. Data Triangulation

16.8. Bottom-Up Approach

16.9. Top Down Approach

16.10. Research Flow

16.11. Key Insights from Industry Experts

16.12. Data Sources

16.13. Assumptions

16.14. Limitations

 

17. Conclusions and Recommendations

17.1. Key Research Findings and Conclusion

17.2. Key Insights & Recommendations from Analysts

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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