Green Quadrant: Asset Performance Management Solutions 2020

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Executive Summary

Software designed to monitor asset health and improve asset reliability has been available for over twenty years. In the last five years, a CEO focus on digital strategies in industrial markets has accelerated adoption of asset performance management (APM) software and additional vendors such as IBM and SAP have launched product offerings. Over the years, customers have come to realize that they will achieve more success when they buy from a solution provider which combines a portfolio of software capabilities with industry expertise and a library of asset failure mode data. To provide buyers with a guide to short-list and select APM solutions, Verdantix assessed 11 vendors on 116 criteria, surveyed 284 engineering and maintenance managers, reviewed functionality in live product demos and undertook 10 in-depth customer interviews. Our analysis found that among the 11 most prominent APM solution providers, AspenTech, AVEVA, Bentley Systems and GE Digital are currently positioned as market leaders given the breadth of their capabilities and market momentum.  

Table of contents

State Of The Market For APM Solutions  
Digital Transformation Strategies Combined With A Strong APM Business Case Drive Demand 
Firms Face Numerous Challenges With Digital Strategies For Asset Performance Management
APM Vendors Make Hefty Investments To Help Customers Cross The Chasm

Green Quadrant For Asset Performance Management Solutions
Green Quadrant Methodology 
Evaluated Vendors: Selection Criteria 
Evaluation Criteria For APM Solution Providers 
Asset Class Credentials Add A Crucial Third Dimension To Frame APM Shortlist Decisions
ABB Applies Asset Management Expertise To Power Grids And Linear Infrastructure 
AspenTech Embraces Advanced Machine Learning To Solve Process Industry Asset Management Challenges
AVEVA Aims To Shape The Market With Ambitious Innovations Built On A Comprehensive Industrial Tech Portfolio
Bentley Systems Emerges As An Innovative Leader In The APM Software Market
BISTel Targets Its APM Offering At The High-Tech Manufacturing Opportunity
DNV GL Offers Compelling APM Solutions For The Entire Energy Sector’s Linear Infrastructure
GE Digital Consolidates A Headline Position In APM Through A Focus On Customer Success 
IBM Invests In Broader APM Functionality To Enhance The Maximo Value Proposition
Oracle Enhances Utilities Proposition With Management Optimization Functionality
SAP Pushes Into The APM Market With Its Holistic Intelligent Asset Management Vision
Uptake Targets Its Industrial AI Platform At Asset Management And Maintenance Usage Scenarios


Table of figures

Figure 1. APM Software Applies Analytics To Operational And Maintenance Data
Figure 2. Operational Excellence Software Applications Ranked By Significance
Figure 3. Fragmented IT Systems Make A Single APM Platform Unachievable
Figure 4. Customers Evaluate APM Software Providers With Seven Criteria
Figure 5-1. Capability Assessment Criteria For APM Software
Figure 5-2. Capability Assessment Criteria For APM Software
Figure 6. Momentum Assessment Criteria For APM Software Vendors
Figure 7-1. Vendor Scores For APM Capabilities
Figure 7-2. Vendor Scores For APM Capabilities
Figure 7-3. Vendor Scores For APM Momentum
Figure 8. Green Quadrant Asset Performance Management Software 2020
Figure 9-1. Industry Presence Of APM Software Providers
Figure 9-2. Industry Presence Of APM Software Providers

About the authors

David Metcalfe


David is the CEO of Verdantix and co-founded the firm in 2008. Based on his 20 years of experience in technology strategy and research roles he provides guidance on digital strategies to C-level executives at technology providers, partners at private equity firms and function heads at large corporations. His current focus is on helping clients understand their market opportunity tied to ESG investment trends and their impact on corporate sustainability strategies. During his 12 years running Verdantix – including 4 leading the New York office – he has helped dozens of clients grow their businesses through fund raising, acquisitions and international growth. David was previously SVP Research at Forrester and Head of Analysis & Forecasting at BT. He holds a PhD from Cambridge University and also worked as a Research Associate at the Harvard Business School.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

Sebastian Winter

Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management software, and connected worker platforms. Sebastian also delivers market strategy, voice of the customer, thought leadership, CDD, and digital strategy advisory pieces. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Global, and held positions in China, Brunei and Kenya. Sebastian holds an MSc Environmental Technology from Imperial College London.

Hugo Fuller

Industry Analyst

Hugo is an industry analyst in the Verdantix Operational Excellence practice. His research agenda explores the technologies within the extended reality and connected worker market, alongside enterprise asset management software. In advisory, his work includes go-to-market, growth strategy and long-term research partnerships.

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