Verdantix Says Spending On Operational Risk Management Software Applications Will Reach $2.6 Billion In 2026
London – September 29, 2021. The global operational risk management (ORM) software applications market will grow from $1.5 billion in 2020, at a CAGR of 9%, to $2.6 billion in 2026 according to a new study from independent research firm Verdantix. Verdantix research finds that the post-COVID-19 ORM software market is driven by maturation of the market, rise in remote operations, pandemic driven growth in digitization to support lean operations, real-time risk management enablement, and safe operations rising to the top of executive priority lists. Vendors positioned to benefit from this growth include ORM software providers such as AdaptIT, CONFORMiT, Enablon, Go-Arc, MODS Management, NiSoft, RiskPoynt, SAP, Sphera, Tenforce and Yokowaga RAP.
London, July 15, 2021 – Independent research firm Verdantix has released its buyer’s guide for asset performance management (APM) solutions, which provides an up-to-date analysis of 27 prominent APM solutions available in the market. The APM solutions market has exhibited resiliency to the COVID-19 pandemic, with operations and maintenance leaders turning to digital solutions to help optimize asset performance and intervention strategies to counteract demand shocks and supply chain disruptions. Reflecting buyer requirements for ease of integration, mobility and digital twins, the buyer’s guide focuses on breaking down the offerings of 18 APM solutions providers: Augury, AVEVA, Bentley Systems, Bently Nevada (including ARMS Reliability), Cenosco, Cognite, Endevor, GE Digital, Hitachi ABB Power Grids, Honeywell, IBM, Itus Digital, Lloyd’s Register, Pragma, Seeq, Senseye, Symphony Industrial AI and Uptake.
Verdantix Buyer's Guide Reveals The 13 Most Prominent Control Of Work Software Application Providers
London, June 24, 2021 – Independent research firm Verdantix has released its buyer’s guide for control of work software applications, which provides an up-to-date analysis of the 13 most prominent control of work software suppliers available on the market today. Demand for control of work software has dramatically increased in the past three years with operations and safety leaders looking for digital solutions that can help in getting work done in a timely as well as safe manner. Reflecting buyer requirements for permit to work, isolation management and job hazard analysis, the buyer’s guide focuses on control of work software suppliers such as Adapt IT, Alcumus, AVEVA, CONFORMiT, DevonWay, Enablon, Hexagon’s PPM division, Intelex, MODS Management, NiSoft, Sphera, TenForce and Yokogawa RAP.
London – May 05, 2021. The global connected worker solutions market will grow from $1.93 billion in 2020 to $4.23 billion in 2026 according to a new study from independent research firm Verdantix. The forecasted compound annual growth rate (CAGR) of 14% will be driven by COVID-19 risk mitigation strategies, initiatives to better engage frontline workers in health and safety, increasing emphasis on real-time risk management, productivity benefits, and maturing of connected worker hardware and software technology. Vendors positioned to benefit from this growth include hardware as well as software firms such as Aware360, Fatigue Science, GOARC, Guardhat, Interaptix, Librestream, Microsoft, RealWear and Vuzix, as well as service firms such as Accenture, Arcadis and Wipro.
London – March 02, 2021. The operational excellence agenda has dramatically increased asset management digitization efforts according to a new study from independent research firm Verdantix. The increase in momentum for asset management digitization will be driven by asset reliability and safe operations becoming a high priority within operational excellence initiatives, rise in spend on operational excellence initiatives, cost-cutting programmes, new technology, and the COVID-19 pandemic and the ensuing economic recession.
London – January 21, 2021. The global operational excellence digital services market will grow from $22.1 billion in 2020 to $29.9 billion in 2025 according to a new study from independent research firm Verdantix. The forecasted compound annual growth rate (CAGR) of 6.3% will be driven by the COVID-19-induced digital acceleration and prohibitive costs of unplanned downtime in process-intensive and asset-heavy industries. Vendors positioned to benefit from this growth include digital service providers such as Accenture, Infosys, Tata Consultancy Services (TCS) and Wipro, as well as software product suppliers such as AVEVA, Bentley Systems, GE Digital and IBM.
London – December 23, 2020.Independent research firm Verdantix has released its annual global survey of 259 managers responsible for operational excellence at large firms across 22 countries, 13 regions, and 14 distinct industries. The interviewees – managers in operations, engineering, maintenance and process safety roles – expect an average budget increase of 10-15% in 2021 compared to 2020. High priorities for 2021 are environmental risk mitigation (66% of respondents), safe operations (55%), and worker health protection (47%).
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.
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.
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.
This webinar will help executives of Asset Performance Management (APM) software vendors, current and prospective investors in the APM solutions market, as well as digital service providers and consultants active in the asset information management ecosystem to understand the forecasted growth of the APM solutions market.
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%.
Exploring The Complex Landscape Of Connected Worker Solutions And Augmented Reality For Remote Assistance
This webinar will help corporate managers identify the best-fit connected worker solutions for their needs. The connected worker solution market is complex and difficult to define, due to the varying interpretations of the phrase. Through a thorough market analysis, Verdantix has explored the four types of connected worker solutions that are commonplace.
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.
Verdantix benchmarked the 11 most prominent vendors of APM software to provide buyers with a detailed analysis of their strengths and weaknesses.