Product Benchmark: Asset Reliability And Integrity Management Capabilities Of APM Software

Published 27 March 2023 by Fouad Elias & Malavika Tohani &
Asset Integrity Asset Performance Management Software Digital Transformation Strategy Environment, Health & Safety Operational Excellence Process Safety Product Benchmark

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Executive Summary

This report provides operations and maintenance executives with an analysis of the asset reliability and integrity management capabilities of 15 asset performance management (APM) software providers. The report leverages the Verdantix Green Quadrant analysis on APM software published in September 2022 and deepens the analysis of asset reliability and integrity capabilities (see Verdantix Green Quadrant: Asset Performance Management Solutions 2022). GE Digital and AVEVA lead the market for asset reliability and integrity management functionality, followed by DNV, Bentley Systems and Hitachi Energy. Few APM software vendors have leading capabilities for asset reliability and integrity management. Buyers should prioritize vendors with strong visual as well as mobile capabilities, and the ability to assess asset failure modes.

Table of contents

Spend On Asset Reliability And Integrity Management Solutions Sees Strong Growth
Revenue Generation And EHS Programmes Drive Demand For Asset Reliability And Integrity Management Solutions
Assessment Criteria For Asset Reliability And Integrity Management Software
Few Vendors Offer Leading Capabilities For Asset Reliability And Integrity Management
Firms Must Prioritize Vendor Capabilities For Mobile Apps And Visual Inspections

Table of figures

Figure 1. Six Key Assessment Criteria For Reliability And Integrity Management Functionality
Figure 2. Capability Scores For Reliability And Integrity Management Functionality 
Figure 3. Total Capability Scores For Reliability And Integrity Management Functionality
Figure 4. Asset Reliability And Integrity Management Capabilities Of 15 APM Vendors

Organisations mentioned

Alectra, Antea, AspenTech, AVEVA, Baker Hughes, Bentley Systems, Bently Nevada, Cenosco, Cognite, Cristal Global, DCP Midstream, DNV , Flutura, GE Digital, Hexagon, Hitachi Energy, Honeywell, IBM, Inner Mongolia Power Company, Itus Digital, Lundin Norway, Metegrity, Microsoft, Natref, OCP, Oman Gas Company, ROSEN Group, Sandvik, SAP, Shell, Symphony Industrial AI, United Road, Uptake, Yokogawa

About the authors

Fouad Elias

Analyst
Fouad is an Analyst in the Verdantix Operational Excellence practice. His current research agenda focusses on APM solutions and technologies for sustainable industrial operations. Prior to joining Verdantix, Fouad worked at Procter&Gamble in the Product Supply Division, where he gained experience in the technical specification creation process. Fouad holds an MSc in Biomedical Engineering from Imperial College London & a BEng in Mechanical Engineering from City University of London. 

Malavika Tohani

Research Director

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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