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Verdantix Buyer's Guide Reveals The 18 Most Prominent Asset Performance Management Solutions

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.

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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.

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Verdantix Says Spending On Connected Worker Solutions Will Reach $4.23 billion In 2026

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.

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Verdantix Says Improving Industrial Asset Management With Digital Technologies Is Gathering Pace

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.

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Verdantix Says Spending On Operational Excellence Digital Services Will Reach $29.9 Billion In 2025

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.

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Verdantix Operational Excellence Survey Reveals Spending Plans And Technology Priorities For 2021

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%). 

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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.