Buyer’s Guide: Industrial Asset Management Technology Implementation Services (2025)
26 Feb, 2025
Access this research
Access all Asset Maintenance Software & Services content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
Executive Summary
Goals to improve safety, cut costs, decarbonize operations and extend the life of critical assets are driving asset maintenance initiatives up the corporate ladder for industrial firms. The Verdantix 2024 industrial operations and maintenance survey found that 84% of industrial firms plan to increase their maintenance budgets over the next 12 months, while 46% aim to digitally transform their plant operations and maintenance activities (see Verdantix Global Corporate Survey 2024: Industrial Operations And Maintenance Services Budgets, Priorities And Tech Preferences). In the wake of this, industrial firms are increasingly turning to consultants – in particular, industrial asset management (IAM) technology implementation providers – to help them navigate the complexities of modernizing their maintenance strategies. This report provides executives at industrial firms involved with asset maintenance activities with an overview of 13 prominent IAM technology implementation service providers. The analysis is drawn from questionnaires, existing Verdantix research and publicly available information. Executives from a variety of business functions, grappling with asset maintenance challenges, should use this report to help build an effective asset management implementation and partnership strategy.
Summary for decision-makers
The Verdantix Buyer’s Guide to industrial asset management (IAM) technology implementation services
Defining IAM technology implementation services
IAM technology implementation services span five categories
Demand for IAM technology implementation services is on the uptick
The IAM implementation services market is governed by diverse implementer heritages and in-house preferences
IAM technology implementation services cover a wide range of consulting engagements
Buyers should consider service provider portfolios to accelerate and futureproof IAM digitization efforts
Selection criteria for the 2025 IAM technology implementation services Buyer’s Guide
Arcadis’s digital intelligence division delivers comprehensive AIP and EAM software implementation services
Bilfinger improves efficiency and sustainability through robust IAM implementation services and advanced partnerships
BPD Zenith accelerates and enhances Maximo implementations with industry-specific solutions
Cohesive leverages strong ties with Bentley Systems and IBM to offer comprehensive digital asset management services
HCL Technologies defines and builds maintenance strategies for complex asset types
Hitachi Digital Services combines the Lumada APM solution with a strong partnership network to deliver end-to-end IAM solutions
MACS streamlines implementation, data management and training challenges associated with IBM Maximo
MaxGrip leverages deep domain expertise and a people-centric approach for EAM and APM deployments
NTT DATA Business Solutions boasts strong ERM integration and EAM implementation capabilities
Pinnacle offers data-driven asset reliability and integrity management through its hybrid software and services offering
Radix provides bespoke APM and industrial data management services to asset-intensive industries
Wood delivers innovative IAM software and services to accelerate digital transformation and decarbonization across the energy sector
WSP draws on its engineering heritage to support asset management technology implementation
The Verdantix Buyer’s Guide to industrial asset management (IAM) technology implementation services
Defining IAM technology implementation services
IAM technology implementation services span five categories
Demand for IAM technology implementation services is on the uptick
The IAM implementation services market is governed by diverse implementer heritages and in-house preferences
IAM technology implementation services cover a wide range of consulting engagements
Buyers should consider service provider portfolios to accelerate and futureproof IAM digitization efforts
Selection criteria for the 2025 IAM technology implementation services Buyer’s Guide
Arcadis’s digital intelligence division delivers comprehensive AIP and EAM software implementation services
Bilfinger improves efficiency and sustainability through robust IAM implementation services and advanced partnerships
BPD Zenith accelerates and enhances Maximo implementations with industry-specific solutions
Cohesive leverages strong ties with Bentley Systems and IBM to offer comprehensive digital asset management services
HCL Technologies defines and builds maintenance strategies for complex asset types
Hitachi Digital Services combines the Lumada APM solution with a strong partnership network to deliver end-to-end IAM solutions
MACS streamlines implementation, data management and training challenges associated with IBM Maximo
MaxGrip leverages deep domain expertise and a people-centric approach for EAM and APM deployments
NTT DATA Business Solutions boasts strong ERM integration and EAM implementation capabilities
Pinnacle offers data-driven asset reliability and integrity management through its hybrid software and services offering
Radix provides bespoke APM and industrial data management services to asset-intensive industries
Wood delivers innovative IAM software and services to accelerate digital transformation and decarbonization across the energy sector
WSP draws on its engineering heritage to support asset management technology implementation
Figure 1. IAM technology implementation service offerings
Figure 2. List of IAM technology implementation service providers
Figure 3. Arcadis overview
Figure 4. Bilfinger overview
Figure 5. BPD Zenith overview
Figure 6. Cohesive overview
Figure 7. HCL Technologies overview
Figure 8. Hitachi Digital Services overview
Figure 9. MACS overview
Figure 10. MaxGrip overview
Figure 11. NTT DATA Business Solutions overview
Figure 12. Pinnacle overview
Figure 13. Radix overview
Figure 14. Wood overview
Figure 15. WSP overview
WSSC Water, Visualise Info, Arcwide, Seeq, London Heathrow Airport, Japan Organization for Cross-regional Coordination of Transmission Operators (OCCTO), UK Medicines and Healthcare products Regulatory Authority (MHRA), Qualtrics, Allied Mills, Total Digital, IOTA, Accenture, Eptura, NTT Data Business Solutions, Zendesk, ASAP Group, EY, Cupix, DP World, ABB, Gwinnett County Department of Water Resources, TCS, Automation Anywhere, Yokogawa, Fluke Reliability, Databricks, Rockwell Automation, GTT, Norsk Hydro, RSK Group, ScienceSoft, TÜV SÜD, Pix4D, LKAB Malmtrafik, Prelical Solutions, TotalMobile, Microsoft, Bechtel, Azima DLI, Humbly Grove Energy, Heineken, Massachusetts Institute of Technology (MIT), Cohesive, KPMG, Flexware Innovation, Dimension Software, Cognite, AMCL, Carnegie Mellon University, Trinity Bridge, MySQL, Vetasi, International Organization for Standardization (ISO), Capgemini, SBS Global, DNV , Viewport.ai, Cepsa, Panaya, TechnologyOne, NTT DATA Group, UiPath, Natuvion, SOCAR (State Oil Company of the Republic of Azerbaijan), Bilfinger, Trustwise, US Federal Transit Administration, Intel, ifm, Jacobs, Credo, IBI Group, Athabasca University, Pemex, NVMS, Cenosco, Planon, US Food and Drug Administration (FDA), Oracle, MuleSoft, Itus Digital, MaximoCon, Hexagon, Lloyd’s Register (LR), Enexis, Google, BKV, TenneT, Baker Hughes, Oman Gas Company (OGC), Severn Trent Water, Elementz, Bentley Systems, Banetti, Tate & Lyle, Transport for London (TfL), Boston Consulting Group (BCG), Schneider Electric, IFS, PA Consulting, Hitachi Digital Services (HDS), Trendminer, McKinsey & Company, BPD Zenith, Hitachi Energy, Envecon, Pragma, Stork, Stanford University, Xplorobot, Metegrity, NHS Highland, GE Vernova, Composabl, WSP, SPIE, Scottsdale Water, iCare, Verusen, ABS Group, InfoConsulting, SAP, Prosci, Aquitas Solutions, Interloc Solutions, Simpson Associates, Worley , CT ACTIVA, ZNAPZ, Starschema, Altria, Palantir, Deighton, Wipro, Burns & McDonnell, ServiceNow, Institute of Asset Management (IAM), HCL Group, SymphonyAI, L3Harris, Arcadis, Kongsberg, VMWare, EAM Solutions, Sapphire Systems, CGI, IDEO, Gurobi, HF Sinclair, Pinnacle, Snowflake, AspenTech, DroneDeploy, Infor, Tech Mahindra, Augury, Blue Prism, Qlik Sense, University of Cambridge, Radix, Peacock Engineering, Mercedes-Benz, LinkedIn, HCL Technologies (HCLTech), Visionaize, MaxGrip, ATS, AVEVA, OQ (formerly Oman Oil Company), Copperleaf, Lamb Weston, Gasunie, Sund & Bælt, Microsoft Hololens, Amentum, Boston Dynamics, Prevas, DataSeer, IBM, Stagecoach, Danone, MISTRAS Group, C3 AI, Hewlett Packard Enterprises (HPE), Black & Veatch, VEERUM, HUVR, AppDynamics, NavVis, Nintex, Zeblok, Projetech, Siemens, KBR, Ausenco, AECOM, AssetOne, Comau, Infosys, DIREXYON, JR Automation, DFKI, SFG20, Baringa, Purdue University, Advanced Reliability Technologies, Hitachi, Ofgem, Pfizer, NVIDIA, Öresund Metro, BP, Deloitte, LEXCO, Net Results Group, Amazon Web Services (AWS), Dassault Systèmes, Skydio, Wood, Aize, Galanthus Partners, Emerson, Honeywell, Avenue IT, Inductive Automation, Fujitsu, Aptean, Inovaantage, EAM-SWISS, UC Berkeley, Devon Energy, ActiveG, Esri, GHD Group, PwC, A3J Group, ALLSERV, MACS, National Cooperative Highway Research Program, OSIsoft, EZMax, EPCOR
About the Authors
Kiran Darmasseelane
Senior Analyst
Kiran is a Senior Analyst in the Verdantix Industrial Transformation practice. His current research agenda focuses on emerging solutions and global market trends across the pr…
View Profile
Malavika Tohani
Research Director, Industrial Transformation
Malavika leads the Verdantix Industrial Transformation practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins…
View Profile