Green Quadrant: Process Safety Management Software 2023
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Executive Summary
This report provides a detailed fact-based comparison of the 15 most prominent process safety management (PSM) software vendors in the market. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed three-hour live product demonstrations with pre-set scenarios and vendor responses to a 102-point questionnaire covering six technical, nine functional and 10 market momentum categories. Verdantix also conducted interviews with 28 software users and reviewed the data from our global survey of 304 operational excellence and 301 EHS decision-makers. The PSM software market has, and is currently, undergoing consolidation, driven by private equity interest, due to continued market growth and an expanding market opportunity within the adjacent EHS, ESG and sustainability management areas. Among the vendors featured in the Leaders’ Quadrant, ten firms – Cority, Enablon, Hexagon, Ideagen EHS, Intelex, Prometheus Group, Sphera, TenForce, VelocityEHS and Yokogawa – offered robust all-round PSM software capabilities.
Organisations mentioned
3E (formerly Verisk 3E), AcceleratorKMS, Accenture, Air Liquide, Aker BP, Allergan, Arch Coal, Asint, Astellas Pharma, Atonix Digital, Avantor, AVEVA, Axion Health, Barilla, BASF, Bayer, Blackstone, Borealis, BP, Capgemini, CAXperts, CERN (European Organization for Nuclear Research), CGE Risk Management Solutions, Chemical Watch, Chevron, CompliSpace, Continental, Cority, Covestro, Crestwood Midstream Partners, CVC Capital Partners, Datamaran, Deepwater Subsea, Delek US, Deloitte, DePuy Synthes, DevonWay, Dominion Energy, Dow Chemical, Dyno Nobel, ehsAI, Elisa, Elisa IndustrIQ, Enablon, Engica, Enhesa, Enviance, Eramet, ERM, ESB, ETQ, eVision, ExxonMobil, FLOWSPARKS, Fluence Analytics, Fonterra, Fortive, FrieslandCampina, Gael Enlighten, Genstar Capital, GOARC, Greenstone, Hexagon, HG Capital, Honeywell, Horizon Consultants, Huddle, IBM, ICL Group, Ideagen, Ideagen EHS, Ideation3x, INDEFF, Industrial Scientific, Ineos, Infor EAM, Inovyn, Intelex, Intergraph, International Electrotechnical Commission (IEC), j5 International, Keppel Corporation, Kinetica Labs, KMI, Kuraray, Lawrence Livermore National Laboratory, libryo, Luciad, Lucidity, LyondellBasell, Mangan, Mangan Software Solutions, Meercat, Merck, Mi-Co, Microsoft, MSDSonline, MyAbilities, Nestlé, New Mountain Capital, NiSoft, Notion Capital, OMV, OneLook Systems, ONEOK, OnePlace Solutions, OpsBase, Optima, Oracle, OSIsoft, Owens Corning, Partners Group, PAS Global, Pertamina, Petronas, Petrotechnics, Pfizer, Phillips 66, PleaseTech, Predictive Solutions, Process Data Control (PDC), ProcessMAP, Prometheus Group, Protex AI, Qatar Petroleum, Qatar Steel, Q-Pulse, Quaker Houghton, Qualsys, Qualtrax, RAP International, Realwear, RegScan, Reporting21, Repsol, Rio Tinto, riskmethods, RiskPoynt, Rombit, SAP, Sasol, Scannell Solutions, Schneider Electric, Shell, SightCall, SiteHawk, South Hook LNG, Sphera, STP Compliance, Syngenta, Takeda Pharmaceuticals, Tata Steel, TenForce, thinkstep, Thoma Bravo, ToxPlanet, Transocean, Unilever, US Occupational Safety And Health Administration (OSHA), Utopia Global, Valero Energy, VelocityEHS, Viewport.ai, Votiva, Westmoreland Coal Company, WeSustain, Wipro, Wolters Kluwer, Wood, Workrite, WorkTech, Yokogawa, Yokogawa RAP, Zebra TechnologiesAbout the authors
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