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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,, Votiva, Westmoreland Coal Company, WeSustain, Wipro, Wolters Kluwer, Wood, Workrite, WorkTech, Yokogawa, Yokogawa RAP, Zebra Technologies

About the authors

Joe Lamming

Senior Analyst
Joe is a Senior Analyst in the Verdantix Operational Excellence practice. His current research agenda covers industrial DataOps, AI/ML analytics and applications of generative AI for industry and enterprise. Prior to joining Verdantix, Joe worked in the consumer electronics industry, where he gained experience in overseas manufacturing, product design and data science. Joe holds an MEng in Mechanical Engineering and Sustainable Energy Systems from the University of Southampton.

Tom Brown

Senior Analyst
Tom is a Senior Analyst in the Verdantix EHS practice. His current research agenda focuses on a range of EHS topics, including high-risk safety controls, contractor management, environmental services and EHS digitization strategy. Prior to joining Verdantix, Tom achieved a Master’s in Chemical Engineering from the University of Nottingham.

Malavika Tohani

Research Director, Operational Excellence
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.

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