Green Quadrant: Enterprise Asset Management Software 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.

Table of contents

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


Table of figures

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 

Organisations mentioned

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

About the authors

Hugo Fuller

Analyst

Hugo is a Technology Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on covering connected worker technologies, best practices, market trends and growth strategies. Hugo joined Verdantix in 2020 having worked previously in public relations and earned media at Cision. He holds a bachelor’s degree in English from University College London.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

Kiran Darmasseelane

Analyst

Kiran is an Industry Analyst in the Verdantix Operational Excellence practice. His current research agenda focusses on emerging solutions and global market trends across the process industries. Prior to joining Verdantix, Kiran worked at Siemens PSE where he gained experience in advanced process modelling and digital twin technologies. Kiran holds a MEng in Chemical Engineering from the University of Nottingham.

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