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.
j5 International, SiteHawk, Fortive, Utopia Global, Process Data Control (PDC), Sasol, ESB, Accenture, KMI, New Mountain Capital, Avantor, ONEOK, Yokogawa, Deepwater Subsea, Protex AI, FLOWSPARKS, ToxPlanet, Mi-Co, Notion Capital, Infor EAM, Microsoft, Petronas, Predictive Solutions, Qatar Petroleum, Scannell Solutions, Rio Tinto, Transocean, Quaker Houghton, Pertamina, Chevron, Capgemini, Covestro, Viewport.ai, Ideagen EHS, Fonterra, Qatar Steel, Yokogawa RAP, CGE Risk Management Solutions, Owens Corning, Elisa, RiskPoynt, Meercat, ETQ, ICL Group, Asint, Reporting21, PleaseTech, OneLook Systems, Oracle, Kinetica Labs, Hexagon, CERN (European Organization for Nuclear Research), South Hook LNG, RegScan, Genstar Capital, Optima, US Occupational Safety And Health Administration (OSHA), Zebra Technologies, OnePlace Solutions, Schneider Electric, libryo, 3E (formerly Verisk 3E), International Electrotechnical Commission (IEC), Eramet, Rombit, Takeda Pharmaceuticals, DevonWay, BASF, Wolters Kluwer, SightCall, thinkstep, Enhesa, CAXperts, riskmethods, Tata Steel, Industrial Scientific, NiSoft, PAS Global, STP Compliance, SAP, CVC Capital Partners, DePuy Synthes, Realwear, Atonix Digital, GOARC, Astellas Pharma, Votiva, Cority, Bayer, CompliSpace, Prometheus Group, Luciad, Kuraray, Mangan Software Solutions, Wipro, VelocityEHS, Air Liquide, Lawrence Livermore National Laboratory, Ineos, Westmoreland Coal Company, ERM, Partners Group, Continental, Workrite, Lucidity, Dominion Energy, Phillips 66, RAP International, Intergraph, Delek US, Datamaran, Blackstone, MyAbilities, Fluence Analytics, Sphera, AVEVA, Thoma Bravo, Valero Energy, Nestlé, Ideagen, Engica, eVision, Qualsys, Barilla, MSDSonline, IBM, Ideation3x, Enablon, Keppel Corporation, Crestwood Midstream Partners, AcceleratorKMS, Shell, INDEFF, ExxonMobil, Dyno Nobel, Gael Enlighten, Horizon Consultants, HG Capital, Petrotechnics, LyondellBasell, OpsBase, Inovyn, Syngenta, Merck, Pfizer, TenForce, BP, Mangan, Qualtrax, WorkTech, Deloitte, ehsAI, Wood, Borealis, Unilever, Honeywell, Allergan, Huddle, FrieslandCampina, Q-Pulse, Intelex, Enviance, Repsol, Chemical Watch, Elisa IndustrIQ, Greenstone, Axion Health, ProcessMAP, WeSustain, Aker BP, Arch Coal, OMV, OSIsoft, Dow Chemical
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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