Press releases

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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 – February 18, 2021. The focus of the financial community – asset managers, commercial banks, stock exchanges and regulators – on Environmental Social and Governance (ESG) metrics has dramatically changed the context for corporate sustainability strategies according to a new study from independent research firm Verdantix.

London – February 15, 2021. The overall market for smart building software will grow from $6.4 billion in 2021 to surpass $8.5 billion in 2025 according to a new study from independent research firm Verdantix. The forecasted annual growth rate of 7% will be driven by digitization programmes and customers adopting new generation software solutions that drive better performance across processes such as maintenance management and room booking. Vendors positioned to benefit from this growth include firms offering smart building software, including BrainBox AI, Envizi, Envoy, Goby, Honeywell, Johnson Controls, Measurabl, MRI Software, Schneider Electric and Siemens.

London, January 26, 2021. Thirteen vendors – Alcumus, Benchmark Digital, Cority, EcoOnline, Enablon, Intelex, IsoMetrix, ProcessMAP, Quentic, SAI Global, Sphera, UL, and VelocityEHS – lead the market for environment, health and safety (EHS) software reflecting the highly competitive market environment. Using its proprietary Green Quadrant methodology, independent research firm Verdantix assessed the capabilities of 22 EHS software providers on their ability to meet customer demands to manage risks and improve business performance across EHS impact areas.

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.