Market Insight: Top Five Industrial Asset Management Software Vendor Strategies
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Executive Summary
The industrial asset management (IAM) software market has changed considerably over the past three years, shaped by massive investment and a slew of billion-dollar acquisitions. Alongside these market activities, adoption of IAM software has accelerated, following COVID-19-borne digitization programmes.
Buyer expectations have been shaped by macroeconomic and socio-political climates. Digitization of asset management and operational risk management (ORM) remains table stakes. However, an emphasis on ESG and sustainability has risen in line with public net zero targets from industrial organizations and governments. Data management capabilities have become more prominent, as data volumes continue to increase. As a result, IAM software suppliers have reacted to these changes and adapted their messaging, as well as their commercial and product strategies. This report seeks to inform potential buyers of IAM software about emerging products available to them, as well as helping software suppliers build knowledge of their market.
Digital Transformation And Net Zero Initiatives Drive Growth In The Industrial Asset Management Software Market
Top Five Vendor Strategies In Industrial Asset Management
About the Authors
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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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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