Market Size And Forecast: Operational Excellence Digital Services 2020-2025 (Global)

Access this research

Access all Asset Maintenance Software & Services content with a strategic subscription or buy this single report

Need help or have a question about this report? Contact us for assistance


Executive Summary

This report helps executives at IT services, engineering and consulting firms, current and prospective investors, and enterprise software product suppliers active in the industrial asset and worker management ecosystem understand the forecast growth of the operational excellence digital services market. The Verdantix market size and forecast model is based on a bottom-up analysis of the revenues of 57 prominent operational excellence digital service providers, along with insights into customer demand from 259 interviews with the operations executives who participated in the 2020 Verdantix operational excellence global survey. Verdantix finds that the operational excellence digital services market will grow from $22.1 billion in 2020 to $29.9 billion in 2025, with a CAGR of 6.3%. To exploit the market opportunity, operational excellence digital service providers will need to build strong subject matter expertise, offer end-to-end digital projects and forge meaningful partnerships combining technology and industry knowledge 
 
Rosy Outlook For The Operational Excellence Digital Services Market 
Market Size Data Reflect The Revenues Of 57 Operational Excellence Digital Service Providers
The Operational Excellence Digital Services Market Was Worth $22.1 Billion In 2020
The Pandemic-Induced Economic Recession Is Driving Digital Acceleration 
The Operational Excellence Digital Services Market Will Reach $29.9 Billion In 2025
Consultants Must Develop In Three Areas To Exploit Burgeoning Market Prospects
 
Figure 1. Expected Changes In Spend On Consultants In 2021 
Figure 2. 2020 Operational Excellence Digital Service Providers Market Size By Region 
Figure 3. 2020 Operational Excellence Digital Service Providers Market Size By Industry 
Figure 4. 2020 Operational Excellence Digital Service Providers Market Size By Firm Category 
Figure 5. Perception Of Firms Delivering Asset Management Digitization Projects 
Figure 6. Impact Of COVID-19 And The Recession On Digitization Of Operational Excellence Initiatives  
Figure 7. Operational Excellence (OpEx) Digital Service Providers Market Forecast And Year-on-Year (YoY) Growths For 2020-2025 
Figure 8. Operational Excellence (OpEx) Digital Service Providers Market Forecast By Region For 2020-2025 
Figure 9. Operational Excellence (OpEx) Digital Service Providers Market Forecast By Industry For 2020-2025 
Figure 10. Perception Of Firms Delivering Asset Management Digitization Projects  

About the Authors

Victor Voulgaropoulos

Victor Voulgaropoulos

Senior Analyst

Victor is a Senior Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on asset management solutions and their overlap with industrial risk m…

View Profile
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…

View Profile