Green Quadrant: Asset Performance Management Solutions 2022
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Executive Summary
This report provides a detailed fact-based comparison of the most prominent asset performance management (APM) software vendors in the market today. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed two-and-a-half-hour live product demonstrations with pre-set scenarios, and considered vendor responses to a 206-point questionnaire covering 10 technical, 10 functional and 12 market momentum categories. We also conducted interviews with 10 APM software users and reviewed the data from our global survey of 256 operational excellence decision-makers. Spend on APM software is set to grow, with providers looking to differentiate through partnerships and acquisitions, increased mobile and wearable functionality, 3D visualizations and digital twin simulations, and rapid implementations to garner quicker returns on investment (ROI). Among the software vendors featured in the Leaders’ Quadrant, seven firms—AspenTech, AVEVA, Bentley Systems, Cognite, GE Digital, Hitachi Energy, IBM—demonstrated the most advanced all-round APM software capabilities
Table of contents
State of the Asset Performance Management Software MarketThe Evolution Of APM: From Asset Maintenance To Reliable And Sustainable Plant Operations
Growth In The APM Software Market Is Driven By Cost-Cutting Programmes And Improved Availability Of Data
Spend On APM Software Is On The Rise
APM Software Vendors Hail From Five Distinct Backgrounds, Each With A Different Market Positioning And Approach
APM Vendors Support Plant-Wide Performance And Sustainability Strategies
Green Quadrant For APM Software 2022
Green Quadrant Methodology
Scope And Methodology For The 2022 Green Quadrant APM Software Study
Evaluated Providers: Selection Criteria
Evaluation Criteria For APM Software
AspenTech Provides Best-In-Class Failure Prediction And Investment Planning Capabilities To Optimize Asset Performance For The Process Industries
AVEVA Offers Exceptional AI Models And Asset Libraries To Help Firms Support Reliability Analysis And Integrity Management
Baker Hughes Combines Domain Expertise With AI-Driven Solutions To Solve Asset Management Challenges For Oil And Gas Firms
Bentley Systems Leads With Its Digital Twin Solutions For Asset Information Management And Failure Prediction
Cenosco Invests To Offer Strong Risk And Asset Integrity Management Software To Oil And Gas Firms
Cognite’s Industrial DataOps Platform Emerges As A Market Leader For Condition Monitoring And Environmental Performance
DNV’s APM Software Supports The Energy Industry In Managing Risk And Improving The Reliability Of Critical Assets
Flutura Combines AI Analytics With Physics-Based Models To Deliver Enhanced Digital Twin Strategies For Improved Environmental Performance And Asset Uptime
GE Digital Offers Market-Leading APM Software To Help Firms Digitize Their Asset Maintenance Strategies
Hitachi Energy Combines Strong Data Management And Analytics With Subject Matter Expertise To Offer A Leading APM Solution To Power Utilities
Honeywell Combines Process Modelling Expertise With Predictive Machine Learning Analytics To Deliver Increased Asset Reliability
IBM Solves A Broad Range Of Asset Management Challenges With Its Maximo Application Suite Platform
SAP’s Intelligent Asset Management Portfolio Maximizes Asset Health And Optimizes Maintenance Strategies
SymphonyAI Industrial Optimizes Plant And Asset Performance By Fusing Physics And AI-Based Asset Failure Prediction Methods
Uptake Offers Robust Data Management And Asset Health Monitoring Capabilities To Firms In The Transport And Government Sectors
Table of figures
Figure 1. Technology Stack And Information Exchange Of Asset Management ApplicationsFigure 2. Evolution of Asset Performance Management
Figure 3. Operational Excellence Business Priorities In 2022
Figure 4. Drivers Of Investment In Asset Management Software In 2022 And 2023
Figure 5. Adoption of Software
Figure 6. APM Software: Market Drivers
Figure 7. APM Software Market Forecast: 2021-2026
Figure 8. APM Software: Provider Landscape
Figure 9. Operational Excellence Consulting Projects: Expected Use Of Service Providers In 2022
Figure 10. Asset Management Software Market Transactions
Figure 11. Technical Capabilities Criteria for APM Software
Figure 12. Functional Capabilities Criteria for APM Software
Figure 13. Momentum Capabilities Criteria for APM Software
Figure 14. Green Quadrant: Asset Performance Management Solutions 2022
Figure 15. APM Vendor Capability Scores
Figure 16. APM Vendor Momentum Scores
Organisations mentioned
ABB, Accenture, Accruent, ADNOC, Air Liquide, Aker BP, Alfa Laval, Alizent, Ameren, American Petroleum Institute (API), Aptean, Arcadis, ARMS Reliability, Ascend Performance Materials, AspenTech, Asset Performance Technologies (APT), Atos, Augury, Autodesk, AVEVA, AWS, Azima Global, Baker Hughes, BASF, Beamex, Bentley Systems, Bently Nevada, Berkshire Hathaway, Bermunda Electric Light Company (BELCO), BHE Renewables, BISTel, Borealis, BP, Braskem, Brightly Software, C3 AI, Camo Analytics, Canadian National Railway, Capgemini, Capital Power, Caterpillar, Caterpillar Ventures, Cenosco, Chevron, Chevron Phillips Chemical, China Southern Power Grid, Clayton Dubilier & Rice (CD&R), CNTXT, Cognite, Cognizant, Cohesive Solutions, Copperleaf, Cosmo Tech, Delek US, Deloitte, Delta Air Lines, Detechtion Technologies, DevonWay, DIREXYON, DNV , Duke Energy, E.ON, Emerson, Enablon, ENGIE, Envizi, Epicor, ExxonMobil, Fidelis Group, FirstEnergy, Flowserve, Fluke, Flutura, Fortino Capital, Fracttal, Framo, GE Digital, General Electric, General Motors, Google, GreatPoint Ventures, Grundfos, GTT, Hatch, Helios, Henkel, Hess Corporation, Hexagon, HighByte, Hitachi Energy, Hitachi High-Tech Solutions, Hitachi Vantara, Honeywell, HS1, HUVR, IBM, IBM Consulting, IFS, Indian Oil Corporation Limited (IOCL), Inductive Automation, Industrial Analytics, Infor EAM, Inner Mongolia Power Group, Innovapptive, Innovyze, Intel, International Council on Large Electric Systems (CIGRE), International Electrotechnical Commission (IEC), International Organization for Standardization (ISO), IPS Group, Isograph, Itus Digital, Kuwait National Petroleum Company (KNPC), L&T Technology Services, Limble CMMS, Lloyd’s Register, London Stock Exchange, LUKOIL, Lumis Partners, Lundin Energy, Lupin, MachineMetrics, MaxGrip, Meridium, Metegrity, Metropolitan Atlanta Rapid Transit Authority (MARTA), Micromine, Microsoft, Mitsubishi Heavy Industries, MOL Group, Mtell, National Grid US, Natref, Nexus Global, NiSoft, North Caspian Operating Company (NCOC), OCP Ecuador, OMV, OneBridge Solutions, Oniqua, Operations1, Oracle, OSIsoft, Parsable, Patterson-UTI, PepsiCo, Petrogenium, Petronas, Pinnacle, Pragma, Probit Consulting, Proceedix, Progress Rail, Quentic, Realwear, Reliability Center Inc. (RCI), Reliance, ReliaSoft, Revolution, Rockwell Automation, SABIC, SAE, SAP, Sasol, Saudi Aramco, Savigent, SCG Chemicals, Schlumberger, Schneider Electric, Seebo, Seeq, Seminole County Water Division, Senseye, Shell, ShookIOT, Sibur, Siemens, Siemens Energy, Sinopec, SMRT Trains, Société Algérienne de Production de l’Electricité (SPE), SparkCognition, Sparta Systems, SPE, State Grid Corporation of China, Stork, Stress Engineering, Sweco, Symphony AI Group, SymphonyAI Industrial, Tata Power, TechnipFMC, TenForce, Thai Oil, The Cohesive Companies, The Hive, TIBCO, Total, Tüpraş, TwinThread, Ultimo, UpKeep, Uptake, US Army, US Department of Defense, Vertex Ventures, Visionaize, Wintershall Dea, Wipro, Wood, YokogawaAbout the authors
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