Green Quadrant: Asset Performance Management Solutions 2020
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Executive Summary
Software designed to monitor asset health and improve asset reliability has been available for over twenty years. In the last five years, a CEO focus on digital strategies in industrial markets has accelerated adoption of asset performance management (APM) software and additional vendors such as IBM and SAP have launched product offerings. Over the years, customers have come to realize that they will achieve more success when they buy from a solution provider which combines a portfolio of software capabilities with industry expertise and a library of asset failure mode data. To provide buyers with a guide to short-list and select APM solutions, Verdantix assessed 11 vendors on 116 criteria, surveyed 284 engineering and maintenance managers, reviewed functionality in live product demos and undertook 10 in-depth customer interviews. Our analysis found that among the 11 most prominent APM solution providers, AspenTech, AVEVA, Bentley Systems and GE Digital are currently positioned as market leaders given the breadth of their capabilities and market momentum.State Of The Market For APM Solutions
Digital Transformation Strategies Combined With A Strong APM Business Case Drive Demand
Firms Face Numerous Challenges With Digital Strategies For Asset Performance Management
APM Vendors Make Hefty Investments To Help Customers Cross The Chasm
Green Quadrant For Asset Performance Management Solutions
Green Quadrant Methodology
Evaluated Vendors: Selection Criteria
Evaluation Criteria For APM Solution Providers
Asset Class Credentials Add A Crucial Third Dimension To Frame APM Shortlist Decisions
ABB Applies Asset Management Expertise To Power Grids And Linear Infrastructure
AspenTech Embraces Advanced Machine Learning To Solve Process Industry Asset Management Challenges
AVEVA Aims To Shape The Market With Ambitious Innovations Built On A Comprehensive Industrial Tech Portfolio
Bentley Systems Emerges As An Innovative Leader In The APM Software Market
BISTel Targets Its APM Offering At The High-Tech Manufacturing Opportunity
DNV GL Offers Compelling APM Solutions For The Entire Energy Sector’s Linear Infrastructure
GE Digital Consolidates A Headline Position In APM Through A Focus On Customer Success
IBM Invests In Broader APM Functionality To Enhance The Maximo Value Proposition
Oracle Enhances Utilities Proposition With Management Optimization Functionality
SAP Pushes Into The APM Market With Its Holistic Intelligent Asset Management Vision
Uptake Targets Its Industrial AI Platform At Asset Management And Maintenance Usage Scenarios
Figure 2. Operational Excellence Software Applications Ranked By Significance
Figure 3. Fragmented IT Systems Make A Single APM Platform Unachievable
Figure 4. Customers Evaluate APM Software Providers With Seven Criteria
Figure 5-1. Capability Assessment Criteria For APM Software
Figure 5-2. Capability Assessment Criteria For APM Software
Figure 6. Momentum Assessment Criteria For APM Software Vendors
Figure 7-1. Vendor Scores For APM Capabilities
Figure 7-2. Vendor Scores For APM Capabilities
Figure 7-3. Vendor Scores For APM Momentum
Figure 8. Green Quadrant Asset Performance Management Software 2020
Figure 9-1. Industry Presence Of APM Software Providers
Figure 9-2. Industry Presence Of APM Software Providers
About the Authors
David Metcalfe
CEO and Co-Founder
David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a …
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Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef…
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Sebastian Winter
Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management softwar…
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Hugo Fuller
Senior Analyst
Hugo is a Senior Analyst in the Verdantix Industrial Transformation practice. His current research agenda explores the technologies within the industrial asset management soft…
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