Green Quadrant: Process Safety Management Software 2023
20 Nov, 2023
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Executive Summary
This report provides a detailed fact-based comparison of the 15 most prominent process safety management (PSM) software vendors in the market. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed three-hour live product demonstrations with pre-set scenarios and vendor responses to a 102-point questionnaire covering six technical, nine functional and 10 market momentum categories. Verdantix also conducted interviews with 28 software users and reviewed the data from our global survey of 304 operational excellence and 301 EHS decision-makers. The PSM software market has, and is currently, undergoing consolidation, driven by private equity interest, due to continued market growth and an expanding market opportunity within the adjacent EHS, ESG and sustainability management areas. Among the vendors featured in the Leaders’ Quadrant, ten firms – Cority, Enablon, Hexagon, Ideagen EHS, Intelex, Prometheus Group, Sphera, TenForce, VelocityEHS and Yokogawa – offered robust all-round PSM software capabilities.
3E (formerly Verisk 3E), AcceleratorKMS, Accenture, Air Liquide, Aker BP, Allergan, Arch Coal, Asint, Astellas Pharma, Atonix Digital, Avantor, AVEVA, Axion Health, Barilla, BASF, Bayer, Blackstone, Borealis, BP, Capgemini, CAXperts, CERN (European Organization for Nuclear Research), CGE Risk Management Solutions, Chemical Watch, Chevron, CompliSpace, Continental, Cority, Covestro, Crestwood Midstream Partners, CVC Capital Partners, Datamaran, Deepwater Subsea, Delek US, Deloitte, DePuy Synthes, DevonWay, Dominion Energy, Dow Chemical, Dyno Nobel, ehsAI, Elisa, Elisa IndustrIQ, Enablon, Engica, Enhesa, Enviance, Eramet, ERM, ESB, ETQ, eVision, ExxonMobil, FLOWSPARKS, Fluence Analytics, Fonterra, Fortive, FrieslandCampina, Gael Enlighten, Genstar Capital, GOARC, Greenstone, Hexagon, HG Capital, Honeywell, Horizon Consultants, Huddle, IBM, ICL Group, Ideagen, Ideagen EHS, Ideation3x, INDEFF, Industrial Scientific, Ineos, Infor EAM, Inovyn, Intelex, Intergraph, International Electrotechnical Commission (IEC), j5 International, Keppel Corporation, Kinetica Labs, KMI, Kuraray, Lawrence Livermore National Laboratory, libryo, Luciad, Lucidity, LyondellBasell, Mangan, Mangan Software Solutions, Meercat, Merck, Mi-Co, Microsoft, MSDSonline, MyAbilities, Nestlé, New Mountain Capital, NiSoft, Notion Capital, OMV, OneLook Systems, ONEOK, OnePlace Solutions, OpsBase, Optima, Oracle, OSIsoft, Owens Corning, Partners Group, PAS Global, Pertamina, Petronas, Petrotechnics, Pfizer, Phillips 66, PleaseTech, Predictive Solutions, Process Data Control (PDC), ProcessMAP, Prometheus Group, Protex AI, Qatar Petroleum, Qatar Steel, Q-Pulse, Quaker Houghton, Qualsys, Qualtrax, RAP International, Realwear, RegScan, Reporting21, Repsol, Rio Tinto, riskmethods, RiskPoynt, Rombit, SAP, Sasol, Scannell Solutions, Schneider Electric, Shell, SightCall, SiteHawk, South Hook LNG, Sphera, STP Compliance, Syngenta, Takeda Pharmaceuticals, Tata Steel, TenForce, thinkstep, Thoma Bravo, ToxPlanet, Transocean, Unilever, US Occupational Safety And Health Administration (OSHA), Utopia Global, Valero Energy, VelocityEHS, Viewport.ai, Votiva, Westmoreland Coal Company, WeSustain, Wipro, Wolters Kluwer, Wood, Workrite, WorkTech, Yokogawa, Yokogawa RAP, Zebra Technologies
About the Authors
Joe Lamming
Senior Analyst
Joe is a Senior Analyst and Technical Lead at Verdantix, specializing in AI-first platforms and applications and data management. Combining hands-on development of software an...
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Tom Brown
Senior Consultant, Advisory Services
Tom is a Senior Consultant in the Verdantix Advisory Services practice, where his focus is on delivering client solutions for EHS and sustainability digitization. Tom joined V...
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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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