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

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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 
 

Table of contents

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
 

Table of figures

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

Industry Analyst

Victor is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on asset management solutions and their overlap with industrial risk management technologies and digital twins. His advisory portfolio includes go-to-market, growth strategy, commercial due diligence and digital strategy projects for corporates, vendors and investors. Prior to joining Verdantix, Victor was a research associate at Imperial College London and Massachusetts Institute of Technology, providing engineering advisory services for clients in the energy industry (oil & gas, nuclear and solar). Victor holds a PhD in Process Engineering 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.

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