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Verdantix Says Spending On Digital Twins For Industrial Facilities Will Reach $27.6 Billion In 2040

London – November 9, 2020. The global digital twins for industrial facilities market will grow from $787 million in 2020 to $27.6 billion in 2040 according to a new study from independent research firm Verdantix. The forecasted compound annual growth rate of 19.5% will be driven by operational excellence strategies, enterprise risk initiatives, and cost-cutting programmes. Vendors positioned to benefit from this growth include digital twin solution providers such as Autodesk, Bentley Systems, Cognite, DNV GL, GE Digital, and Siemens as well as services firms like Arcadis, Golder, Kongsberg Digital, and Worley.

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Digital Twins For Industrial Facilities: Key Trends And Market Forecast 2020-2040

This webinar will help executives at digital twins for industrial facilities vendors, current and prospective investors in the digital twins market, as well as service providers active in the digital transformations ecosystem to understand the future growth prospects of the digital twins for industrial facilities market. 

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Verdantix Says Spending On Asset Performance Management Digital Solutions Will Reach $4.4 Billion In 2025

London – October 19, 2020. The global market for asset performance management (APM) solutions will grow from $2.5 billion in 2019 to $4.4 billion in 2025 according to a new study from independent research firm Verdantix. The forecasted annual growth rate of 9.7% will be driven by asset management digital transformation strategies and the need for capital intensive sectors to improve productivity at existing plants. Vendors positioned to benefit from this growth include APM software vendors such as ARMS Reliability, AVEVA, Bentley Systems, DNV GL and GE Digital as well as services firms like Accenture, AECOM, ERM and Lloyd’s Register.

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Demand Surges For Connected Worker And AR Solutions Due To The COVID-19 Crisis

London – September 15, 2020. The COVID-19 pandemic has dramatically increased demand for connected worker solutions according to new studies from independent research firm Verdantix. Faced with new risks to manage, firms have turned to connected worker solutions which enhance COVID-19 workplace track-and-trace initiatives and enable remote assistance with augmented reality (AR) technology. Year-on-year growth rates for connected worker solutions now range from 30% to 200%.

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Verdantix Benchmark Reveals Four Leaders In The Asset Performance Management Software Market

London, June 25, 2020.Four vendors – AspenTech, AVEVA, Bentley Systems and GE Digital – lead the market for asset performance management (APM) software. Independent research firm Verdantix compared 11 APM vendors on 116 criteria and assessed their level of success across 18 asset classes. In addition to the four leaders, the study includes ABB Power Grids, BISTel, DNV GL, IBM, Oracle, SAP and Uptake. The analysis is informed by interviews with 284 managers in engineering, maintenance and operations roles.

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The Growing ORM Software Market: Key Trends And Market Forecast

The operational risk management software market is evolving rapidly under the convergence of solutions, a slew of M&A activity and availability of new technologies. How will the market size change from 2019 to 2024? What segments will grow the fastest? What are the key factors that will drive growth? How has COVID 19 impacted growth? This webinar provides executives at ORM software vendors, practice leaders in systems integrators and financial investors with market data to inform business planning and strategy. 

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How To Select The Right Digital Services Provider For Your Operational Excellence Projects

The availability of a broad range of innovative technologies such as digital twins of industrial facilities, connected worker platforms and operational risk software is driving investment in operational excellence initiatives by industrial firms. To benefit from these technologies, firms increasingly turn to consultancies with a blend of industrial process knowledge and technology expertise who can design and implement digital operational excellence projects. Given that digital service providers come from diverse backgrounds and have varying strengths and weaknesses, to make the best-informed purchase decision, customers need to know which service providers can meet their business as well as digital project requirements and which are an appropriate fit for their business.

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How To Select The Right Digital Services Provider For Your Operational Excellence Projects

The availability of a broad range of innovative technologies such as digital twins of industrial facilities, connected worker platforms and operational risk software is driving investment in operational excellence initiatives by industrial firms. To benefit from these technologies, firms increasingly turn to consultancies with a blend of industrial process knowledge and technology expertise who can design and implement digital operational excellence projects. Given that digital service providers come from diverse backgrounds and have varying strengths and weaknesses, to make the best-informed purchase decision, customers need to know which service providers can meet their business as well as digital project requirements and which are an appropriate fit for their business.

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A Digital Perspective On Contractor Lifecycle Management

Contractor safety management is a big challenge across multiple industries, and our analysis finds that hiring clients must adopt a closed loop digital process to achieve best practices for contractor safety management. However, in the market there is no vendor that currently offers a digital thread for the whole of contractor lifecycle management. This webinar will detail the industry landscape of the contractor safety management vendors, cover the different aspects of contractor lifecycle management, and end with recommendations for digital strategies for improving the risk management of contractors.

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Verdantix Operational Excellence 2020 Research Plan

For more than 10 years we’ve analysed, benchmarked and assessed corporate strategies for innovative technologies.

Our independent research allows clients to access in-depth coverage of the technology innovations which are transforming operational excellence strategies, enabling our clients to understand their market opportunities, emerging challenges and competitive position and drive their growth strategies.

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Verdantix EHS 2020 Research Plan

For more than 10 years we’ve analysed, benchmarked and assessed corporate strategies for EHS and Sustainability technologies.

Our independent research allows clients to access in-depth coverage of the technology innovations which are transforming environment, health and safety strategies, enabling our clients to understand their market opportunities, emerging challenges and competitive position and drive their growth strategies.

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Verdantix Operational Excellence 2020 Research Plan

For more than 10 years we’ve analysed, benchmarked and assessed corporate strategies for innovative technologies.

Our independent research allows clients to access in-depth coverage of the technology innovations which are transforming operational excellence strategies, enabling our clients to understand their market opportunities, emerging challenges and competitive position and drive their growth strategies.