Market Insight: Top Five Industrial Asset Management Software Vendor Strategies

The industrial asset management (IAM) software market has changed considerably over the past three years, shaped by massive investment and a slew of billion-dollar acquisitions. Alongside these market activities, adoption of IAM software has accelerated, following COVID-19-borne digitization programmes.

Buyer expectations have been shaped by macroeconomic and socio-political climates. Digitization of asset management and operational risk management (ORM) remains table stakes. However, an emphasis on ESG and sustainability has risen in line with public net zero targets from industrial organizations and governments. Data management capabilities have become more prominent, as data volumes continue to increase. As a result, IAM software suppliers have reacted to these changes and adapted their messaging, as well as their commercial and product strategies. This report seeks to inform potential buyers of IAM software about emerging products available to them, as well as helping software suppliers build knowledge of their market.