Green Quadrant: Energy Management Software 2023

Executive Summary

This report provides a detailed, fact-based comparison of the most prominent energy management software (EMS) vendors in the market today. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompasses one-and-a-half-hour live product demonstrations – with scenarios designed to showcase assessed functionality – and considers vendor responses to a 66-point questionnaire covering five technical, six functional and eight market momentum categories. We also conducted interviews with a global range of corporate EMS users and reviewed the data from our 2023 global survey of 303 real estate executives. Our analysis reveals a dynamic landscape, with customers looking to extend deployments, while vendors are pushing their solutions forward by incorporating greater levels of analytics – in particular those generated and processed by AI. In addition, vendors are working on different models of business support for implementing and running their solutions on behalf of customers as part of a managed services offering. The analysis finds that all solutions assessed offer a powerful energy management solution to their target customer base. Of the solutions assessed, the following eight vendors placed in the Leaders’ Quadrant: Bueno, EnergyCAP, Honeywell, Johnson Controls, MRI Software, Schneider Electric, Siemens and Spacewell. Beyond these eight firms, the analysis finds strong capabilities in all providers included, with models and capability sets that are narrower but still well-suited to their target customers’ needs.