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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. Porters 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