Arnold should definitely have some type of features for glow, glare and bloom effects in Maya. It is a highly useful and necessary feature for many projects and can speed up work vastly, but unfortunately there is no way to recreate transparent glow and bloom effects using any of the volume shaders in Arnold due to the limitations regarding alpha channels. And using object lights or the Ai Standard Surface Shader and its Emission feature inside of a volumetric object is extremely slow to render, is very limiting and can't really achieve the right look of glare and bloom.
I have seen many posts around the internet from people asking about how to do this in Arnold, but the response is usually something along the lines of "do it in post production" using other programs. However this has many of its own problems and difficulties and because of the manual nature of applying glow effects in other programs, it is never going to be as accurate or as quick to produce.
The later versions of Mental Ray had a very useful effect where a bright glow/glare could be reflected off of shiny materials in the scene, which would be nearly impossible to recreate correctly by hand in other programs, especially in complex scenes with moving cameras. Maya Software still contains glow effects that are pretty useful, but possibly a more modern version of these should be integrated into Arnold.
I’ve also found through research that Vray has a plugin that simulates real-world camera lens effects such as glare and bloom that can look stunning and very realistic, and I'm sure some other rendering engines have similar such features as well.
In my opinion this is where Arnold is most lacking in terms of features right now. It is already one of the greatest rendering engines out there, but if glow, glare and bloom functionality could be implemented, that would be immensely useful and a huge time saver for many.
Please consider this, because right now I believe that the greatest drawback of using Arnold Renderer is the absence of glow, glare and bloom effects. And for a few years now, I thought that these features would be added in the next major releases of Maya and Arnold, but it seems to me that this may not happen on its own, so I have created this suggestion to bring awareness to this topic. Thank you for reading.