Green Quadrant: Enterprise Asset Management Software 2022

Report
Asset Maintenance Software & Services
Hugo Fuller
Hugo Fuller
Malavika Tohani
Malavika Tohani
Kiran Darmasseelane
Kiran Darmasseelane
24 May, 2022

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Executive Summary

This report provides a detailed fact-based comparison of the most prominent enterprise asset management (EAM) software vendors in the market today. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed two-hour live product demonstrations with pre-set scenarios, and vendor responses to a 207-point questionnaire covering 11 technical, 14 functional and nine market momentum categories. We also conducted interviews with 10 software users and reviewed the data from our global survey of 256 operational excellence decision-makers. Our analysis finds that the EAM software market is evolving through a slew of acquisitions and investments from private equity firms. This market activity has been driven by a new focus on cost savings, maintenance strategy digitization programmes, digital system amalgamation and sustainability. Spend on EAM software is set to grow, with providers looking to differentiate through increased mobile and wearable functionality, rapid implementations and analytics for predictive maintenance strategies.

State Of The Market For EAM Software 
Acquisitions And Funding Are Reshaping The EAM Software Market
Growth In The EAM Software Market Is Driven By Digital Transformation Strategies, Worker Safety And Operational Excellence
Spend On EAM Solutions Is Healthy For 2022 And Beyond
EAM Software Providers Focus On Mobility, Predictive Analytics And Quick Implementation To Differentiate Their Offerings

Green Quadrant For EAM Software 
Green Quadrant Methodology
Scope And Methodology For The 2022 Green Quadrant EAM Software Study 
Evaluated Providers: Selection Criteria 
Evaluation Criteria For EAM Software 
Accruent Offers A Comprehensive EAM Software Platform With An Innovative Product Roadmap
Aptean Launches A Cloud-Based EAM Solution For Small And Mid-Sized Manufacturing Firms
Brightly Software Leverages Acquisitions To Deliver A Comprehensive EAM Solution And Expand Its International Presence 
DevonWay Provides An Integrated Platform To Manage Assets And Workers For High-Risk Industries In North America
eMaint Focuses On IIoT Integrations And Workflow Configurability To Help Firms Maximize Asset Uptime
Hexagon Acquires Infor EAM To Offer A Market-Leading EAM Solution 
IBM’s Revamped Maximo Application Suite Provides A Comprehensive Asset Management Solution Underpinned By Industry 4.0 Technologies 
iOFFICE + SpaceIQ Offers ManagerPlus, A SaaS-Based EAM Solution, To Firms Managing Fleets Of Mobile Assets
Nuvolo Delivers A Highly Intuitive EAM Solution With Leading BI Capabilities to Healthcare And Real Estate Facilities 
Pragma Offers Leading Asset Management Software With Strengths In Asset Information And Procurement Management 
Ramco Provides A Comprehensive ERP Solution With EAM Capabilities To Heavy Asset Firms In APAC 
SAP Leverages Innovative Technologies To Deliver A Solid Asset Management Software Suite
Ultimo Delivers A Highly Configurable EAM Solution For Mid-Market Firms In Europe 
UpKeep Offers Strong Inspection Planning And Inventory Management Capabilities With Its Mobile-First EAM Software Solution


Figure 1. Mapping Capabilities For CMMS And EAM 
Figure 2. EAM Software Market Transactions 
Figure 3. Factors Driving Investment In Operational Excellence 
Figure 4. Drivers Of Investment In Asset Management Software In 2022 And 2023 
Figure 5. EAM Software Market Forecast 2021-2026 
Figure 6-1. Functional Capabilities Criteria For EAM Software 
Figure 6-2. Functional Capabilities Criteria For EAM Software 
Figure 7-1. Momentum Criteria For EAM Software 
Figure 7-2. Momentum Criteria For EAM Software 
Figure 8. Green Quadrant: EAM Software 
Figure 9. EAM Software Vendor Capability Scores 
Figure 10. EAM Software Vendor Momentum Scores 
j5 International, Fortive, Biovac, National Highways, Simfund, Accenture, McDonald’s, International Delight, Symphony Industrial AI, Alcumus, Broadridge, Kaiser Permanente Ventures, British Sugar, Talenco, ABB, MachineMetrics, Indian Health Service (IHS), iOFFICE + SpaceIQ , BlackRock, PRUFTECHNIK, Pepsi Bottling Ventures (PBV), Microsoft, Maintenance Connection, Quaker Houghton, Masters Gallery Foods, International Organization for Standardization (ISO), Linxup, RCL Foods, eMaint, Chevron Environmental Management and Real Estate Company (CEMREC), Aroplax Corporation, Energy Profiles Limited, Yamaha, CMS Asset Management, ETQ, Encore Wire, Ansaldo Energia, CIREX, NiSource, Allied Mineral Products, Precisely, Oracle, Hexagon, Gilde Equity Management, DeFoe Corp., New York Times, Workday, Nebraska Public Power District, Kisuma Chemicals, SSAB, Senseye, Youtube, Pragma, DevonWay, BASF, Confirm, Harris Ranch, Bessemer Venture Partners, Tat Hong Holdings, Ramco Systems, Jindal Steel and Power, Afrox (a member of the Linde group), MaintainX, SAP, Realwear, GE Healthcare, Dude Solutions, WEPA Group, Shutterfly, Cority, Brightly Software, Clearlake Capital, Deer Valley Resort, Inframark, Morningstar, Cook Medical, ServiceNow, UpKeep, VelocityEHS, Circle K, DTE Energy, L3Harris, Insight Partners, Highways England, Norske Skog Australasia, Accruent, Parsable, Envizi, Montanwerke Brixlegg, L'Oréal Group, Infor, TechnoNICOL, Duke Energy, Secant Group, Balfour Beatty, Atheer, Ultimo, CoreFX Ingredients, ANSYS, Sphera, MaxGrip, AVEVA, Thoma Bravo, Universal Forest Products, Hippo CMMS, Optimize My Day, Innovapptive, Interfor, KAESER Kompressoren, IBM, Tekni-Plex, US Department of Health and Human Services, Enablon, Shell, Nuvolo, C3 AI, Mayo Clinic, Tableau, Siemens, US Department of Energy, SM Energy, General Atomics, Ceres, Autodesk, MMC Corporation Berhad, PTC, Axians, Innovatia Accelerator, Albany, UReason, Valley Queen, Deloitte, TerraPower, Assetic, Vertex Pharmaceuticals, BioMarin, MRO Software, JMI Equity, Petra Diamonds, Samsara, Unilever, Azuga, CHS, Aptean, Metro Group, Intelex, Accelix, Fluke Corporation, Esri, vibber, Veolia, National Retail Systems, EDF Energy

About the Authors

Hugo Fuller

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

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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Kiran Darmasseelane

Kiran Darmasseelane

Principal Analyst

Kiran is a Principal Analyst at Verdantix, delivering data-driven insights on emerging technologies and global market trends for asset-intensive sectors such as energy, manufa…

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