New York: Customers in asset intensive sectors will benefit in 2019 from a wide range of innovations launched by Asset Performance Management (APM) software vendors according to a new report from independent research firm Verdantix. Prominent vendors of asset reliability software such as ABB, AspenTech, Aveva, Bentley Systems, GE Digital, SAS, Siemens and Uptake have recently made big investments to enhance the APM software value proposition.
London, January 22, 2019. Three software vendors –eVision, Enablon and Petrotechnics – lead the market for Operational Risk Management (ORM) software but face strong competition in this diverse market. Independent research firm Verdantix, assessed the capabilities of 17 software suppliers on their ability to help customers manage risk for physical assets such as oil refineries, mines and chemical plants. Also included in the study are Cority, DevonWay, DNV GL, Engica, Gensuite, j5 International, ProcessMAP, RAP International, RiskPoynt, SAI Global, Sphera, TenForce, Vault Intelligence and VisiumKMS.
London – October 1, 2018. Independent research firm Verdantix has published a ground-breaking forecast for operational risk management software. Based on a survey of 221 managers at industrial assets and an analysis of 88 vendors’ revenues, the model predicts that the market will grow from $1.3bn in 2018 to $3.1bn in 2028 and $14.6bn in 2038. Compound annual growth will be a healthy 13%.
London–August 15, 2018. A survey conducted by independent research firm Verdantix has found that 40% of 221 operations managers at industrial firms believe digital technology is essential for operational risk management. The survey covers the 2019 budget plans, priorities and technology preferences of risk managers across chemicals, oil and gas, mining, manufacturing, construction and transport.