New Verdantix Benchmark Shows AI And Unified Platforms Advancing The Shift To Proactive Process Safety Management

London, UK. The process safety management (PSM) software market is entering a new phase of growth, as industrial firms accelerate digital transformation initiatives to improve safety performance, reduce operational risk and strengthen oversight of hazardous operations. Historically, process safety data were dispersed across paper records, spreadsheets and disconnected applications, inhibiting effective management. Organizations are now investing in unified PSM platforms that integrate process safety, risk and operational data in a single environment. Combined with advances in AI-enabled analytics, human-in-the-loop workflows and digital twins, this shift is enabling organizations to move beyond compliance-focused approaches to adopt more proactive, data-driven safety and risk strategies.

Verdantix forecasts that the global PSM software market will grow from $1.45 billion in 2024 to $3.07 billion by 2030, driven by demand for stronger control of work (CoW), real-time risk intelligence and improved visibility into hazardous operations. As organizations digitize process safety programmes, they are increasingly seeking platforms that integrate traditionally siloed process safety functions such as incident management, risk assessments, management of change (MoC), barrier management and CoW. Vendors are responding by strengthening integrations across internal modules and connecting PSM applications with operational systems, asset data and other enterprise platforms, allowing organizations to streamline workflows, improve decision-making and gain a more comprehensive view of operational risk.

The Verdantix Green Quadrant: Process Safety Management Software (2026) report provides EHS and process safety managers and professionals, process engineers, and maintenance and reliability teams with a fact-based benchmark of 11 of the most prominent PSM software providers in the market. Seven emerge as Leaders – Benchmark Gensuite, Cority, Ideagen, Intelex, Sphera, VelocityEHS and Wolters Kluwer Enablon – providing the most advanced solutions.

Key report findings:

• Buyers are prioritizing solutions that provide a unified, real-time view of operational risk across assets, people and processes. The ability to contextualize information and data in real time, through mobile platforms such as TenForce, and unified worker-centric platforms, is emerging as a key requirement for managing complex, high-hazard operations.
• CoW remains a primary driver of PSM software adoption, as firms seek to reduce operational risk and ensure that hazards are identified and controlled before work begins. Wolters Kluwer Enablon’s CoW solution helps high-hazard enterprises identify exposures, verify controls and manage isolations effectively before work begins, strengthening safety and operational oversight.
• The convergence of process safety, risk and operational data is accelerating demand for integrated PSM platforms. While platform consolidation is reshaping the market, vendor differentiation continues to reflect heritage strengths across EHS, operational risk and asset management domains. EHS vendors such as Intelex and VelocityEHS have strengths in risk and incident management, while enterprise asset management (EAM) vendors such as Prometheus Group and Yokogawa leverage deep expertise in asset-centric operations and maintenance.
• Agentic AI and dynamic risk management are enabling the more proactive identification and mitigation of operational risks. Leading vendors such as Benchmark Gensuite, Cority and Ideagen are embedding AI into incident management, risk assessment and corrective action workflows, to automate routine tasks, identify emerging risks and improve decision-making. Human-in-the-loop governance remains essential to validate AI-generated insights, support transparency and build user trust.
• Digital twins and advanced risk visualization technologies are expanding the ability of organizations to monitor, understand and mitigate operational risk in real time and simulate hazardous ‘what‑if’ events. Vendors such as Octave and Sphera allow users to simulate hazardous scenarios, monitor barrier performance and identify critical bottlenecks.

"Process safety remains one of the highest priorities for industrial organizations, but managing risk with disconnected systems and manual processes is becoming increasingly unsustainable. Technologies such as AI, dynamic risk management and digital twins are helping firms move beyond compliance, adopting a more proactive approach to managing process safety," said Zain Idris, Analyst at Verdantix. "In high-hazard industries, trust remains critical. While AI is helping organizations automate routine tasks and improve risk visibility, human-in-the-loop oversight will remain essential for safety-critical decisions. Vendors that can combine AI-driven innovation with robust governance and process safety expertise will be best-positioned to support the future of operational risk management and gain market share."

To find out more, read the full report.