Buyer’s Guide: Asset Performance Management Software
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Executive Summary
This report provides executives at industrial facilities responsible for selecting, implementing and managing software or services for performance and maintenance optimization with an up-to-date analysis of 27 prominent asset performance management (APM) solutions on the market. This report updates and extends our analysis of solutions provided through the Green Quadrant: APM Solutions published in June 2020. The analysis of this report also leverages data collected from 19 APM solution providers via questionnaires and software demonstrations over the last three months. It also uses insights into buyer requirements collected via our annual global surveys of executives in operations, maintenance, engineering and process safety roles. Buyers should use this guide to support them in their search for APM software applications and services that fit their requirements.Asset Performance Management Solutions Buyer’s Guide 2021
The Market For APM Solutions Is Booming
Four Core Functionalities Underpin APM Solutions
Solution Providers Offer Products With Similar Capabilities But Have Varying Levels Of Industry Expertise
APM Product Strategies Are Aimed At Ease Of Integration, Mobility And Digital Twins
Prospective Customers Should Apply Six Criteria To Shortlist Best-Fit APM Solution Providers
Inclusion Criteria For The 2021 Asset Performance Management Solutions Buyer’s Guide
AspenTech Combines AI And Simulations To Offer A Robust Prescriptive Maintenance Solution
Augury Offers AI-Powered Machine Health And Prescriptive Operational Diagnostics
AVEVA Offers A Visual AI-Enhanced APM Solution To Drive Optimized Asset Strategies
Bentley Systems Offers A Digital Twin-Based APM Solution Across An Asset’s Life Cycle
Bently Nevada Bolsters Its APM Solution With 60 Years’ Asset Monitoring and Strategy Expertise
Cenosco Offers A Product Suite That Solves A Plethora Of Asset Integrity Challenges
Cognite Offers An Industrial DataOps Platform That Accelerates Customers’ APM Journeys
Endevor’s Turnkey Asset Optimization Solution Is Tailored To Solve Power Generation Industry Challenges
GE Digital Fuses Solid APM Functionality With Expert Implementation To Spur Customer Success
Hitachi ABB Power Grids Leverages Its Deep Power Sector Expertise To Enable Intelligent Operations
Honeywell Leverages Its Industrial Process Expertise To Offer A Robust APM Solution
IBM’s Flagship Maximo Suite Offers Deep End-To-End Asset Maintenance Functionality
Itus Digital Offers A Swift-To-Implement Digital Twin-Based APM Product With A Clean UI
Lloyd’s Register Provides End-To-End APM Solutions Tailored For Asset-Critical Challenges
Pragma Offers A Comprehensive Condition-Based Maintenance Solution With A Robust Mobile App
Seeq Provides An Extensible Platform For Extensive Data-Driven Maintenance Analytics
Senseye’s Open Predictive Maintenance Platform Demonstrates Quick And Scalable ROI
Symphony Industrial AI Blends Physics and ML-Based Techniques For High-Fidelity Asset Failure Predictions
Uptake Leverages Its Extensive Data Management Capabilities To Optimize Maintenance Strategies
Figure 2. APM Vendor Landscape: Example Solution Providers Based on Background
Figure 3. Product, Industry Focus And Capabilities Of Representative APM Solution Providers
Figure 4. APM Customers And Revenue By Region Of Representative APM Solution Providers
Figure 5-1. APM Dealflow: Acquisitions, Investments And IPOs
Figure 5-2. APM Dealflow: Acquisitions, Investments And IPOs
Figure 6. Six Criteria Prospective Customers Should Apply When Selecting An APM Solution Provider
Figure 7. Evaluation Criteria For Asset Management Software Applications
Figure 8. AspenTech’s Asset Performance Management Solution Overview
Figure 9. Augury’s Asset Performance Management Solution Overview
Figure 10. AVEVA’s Asset Performance Management Solution Overview
Figure 11. Bentley Systems’ Asset Performance Management Solution Overview
Figure 12. Bently Nevada’s Asset Performance Management Solution Overview
Figure 13. Cenosco’s Asset Performance Management Solution Overview
Figure 14. Cognite’s Asset Performance Management Solution Overview
Figure 15. Endevor’s Asset Performance Management Solution Overview
Figure 16. GE Digital’s Asset Performance Management Solution Overview
Figure 17. Hitachi ABB Power Grids’ Asset Performance Management Solution Overview
Figure 18. Honeywell’s Asset Performance Management Solution Overview
Figure 19. IBM’s Asset Performance Management Solution Overview
Figure 20. Itus Digital’s Asset Performance Management Solution Overview
Figure 21. Lloyd’s Register’s Asset Performance Management Solution Overview
Figure 22. Pragma’s Asset Performance Management Solution Overview
Figure 23. Seeq’s Asset Performance Management Solution Overview
Figure 24. Senseye’s Asset Performance Management Solution Overview
Figure 25. Symphony Industrial AI’s Asset Performance Management Solution Overview
Figure 26. Uptake’s Asset Performance Management Solution Overview
About the Authors

Victor Voulgaropoulos
Senior Analyst
Victor is a Senior Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on asset management solutions and their overlap with industrial risk m…
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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…
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