EAM is the lifecycle management of linear and non-linear assets of an enterprise across departments, services, business units, and geographical locations. EAM focuses on reducing maintenance costs by automating the maintenance process, scheduling services, and forecasting downtime intervals. This helps an organization in improving its capital asset management to accelerate reliability, enhance condition-based maintenance, and support asset sustainability.
OVERVIEW The MicroQuadrant provides information about the major players offering EAM solutions and outlines the findings and analysis on how well each market vendor performs within the set criteria. It highlights the top vendors in the EAM market. The vendor evaluations are based on two broad categories: product offering and business strategy. Each category carries various criteria based on which the vendors are evaluated. The evaluation criteria considered under strength of product portfolio include breadth of offering, delivery (based on the industries vendors are catering to, deployment models, and subscriptions), feature/functionality, scalability, and support (based on pre- and post-sales support services). The evaluation criteria considered under business strategy excellence include reach (based on geographic presence), industry coverage (based on the end users that the vendors cater to), roadmap, channel, viability, and inorganic growth (based on partnerships, collaborations, and acquisitions).
ABB Ltd, International Business Machines (IBM) Corporation, IFS AB, Oracle Corporation, SAP SE, and Schneider Electric SA are the leading players in the EAM market that are recognized as the visionary leaders. They have a strong portfolio of EAM solutions, platforms, and associated services. These vendors are marking their presence by offering EAM software solutions required by most organizations. They have robust business strategies to achieve continuous market growth.
AssetWorks, CGI Group Inc., eRPortal Software, Inc., GenesisSolutions, Infor, and Real Asset Management are recognized as innovators in the EAM market. They possess a wide portfolio of EAM solutions and have the potential to build strong business strategies to be at par with the visionary leaders. These vendors provide EAM offerings as per customer demands. Innovators deploy their solutions for niche and custom software requirements of clients.
Ashcom Technologies, Dude Solutions, Inc., Fiix, ManWinWin Software, MPulse Software, Inc., UpKeep Maintenance Management, and Intac International, LLC are recognized as dynamic players in the EAM market. They have strong business strategies and extensive channel networks and reach. Over the years, dynamic vendors are consistently generating positive revenue growth in the EAM market with their varied sets of product offerings. Moreover, the organic and inorganic strategies undertaken by them enhance their market positions.
eMaint, Mainsaver, Inc., Maintenance Connection, MAPCON Technologies, Inc., Ramco Systems, and Vesta Partners, LLC are recognized as emerging players in the EAM market. The emerging players offer their clients niche and tailor-made solutions and services.
TOP VENDORS In Enterprise Asset Management Software
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Enterprise Asset Management Software Quadrant
|Breadth and Depth of Product Offerings|
|Product Features and Functionality|
|Support and Services|
IBM Maximo caters to various industries such as oil and gas, healthcare, life sciences, energy and utilities, government, manufacturing, and transportation. IBM Maximo products are highly scalable, and they provide a wide range of features, including service management, asset management, work management, and contract management. The products offer real-time visibility of asset use and also offer control over critical assets that affect compliance, risk, and business performance.BUYERVENDOREXPERTS3.3MNM ANALYSTS
SAP solutions provide asset operations and maintenance; environmental, health and safety; capital portfolio and project management; energy and environmental resource management; quality management and compliance; business suite applications; and user experience for asset management. SAP EAM helps to manage outages and provides benefits such as high ROA, high productivity, safer work environments, faster recovery from failure, and increased customer satisfaction.BUYERVENDOREXPERTS3.1MNM ANALYSTS
The suite delivers similar efficiencies as the SchoolDude platform to local government, manufacturers, and other commercial businesses.In the EAM space, the company offers various solutions – MaintenanceDirect, a perfect work order management solution; PMDirect, a smart maintenance management software solution; InventoryDirect, an inventory management software solution; UtilityDirect, a utility tracking and bill analysis software solution; and ITAMDirect, an IT hardware and software asset management solution.BUYERVENDOREXPERTS3.1MNM ANALYSTS
Oracle eAM improves return on capital assets by incorporating both physical and financial aspects of the asset lifecycle management process. Oracle maintenance management provides critical asset information across various departments and increases equipment reliability and plant utilization through asset tracking, asset maintenance, and complex maintenance repair and overhaul.BUYERVENDOREXPERTS3.0MNM ANALYSTS
The IFS EAM solution can be integrated with risk management, human resources, finance, document management, and purchasing. IFS EAM mainly caters to the oil and gas industry. The IFS EAM solution can be deployed either on the cloud or on-premises. The company offers EAM solutions to SMEs and large enterprises. IFS offers users flexible and effective support, enabling users to report and track issues 24x7. IFS also offers basic maintenance support using IFS self-service tools.BUYERVENDOREXPERTS3.0MNM ANALYSTS
The company offers the Avantis.PRO software, which ensures asset availability by calculating and scheduling required maintenance. This enhances asset performance and ensures maximum production from costly and complex assets. Schneider Electric also implements the rapid implementation methodology, which is an adaptive business process that adjusts to the latest practices by minimizing employee allocated resources and reducing implementation risks.BUYERVENDOREXPERTS2.9MNM ANALYSTS
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The company’s solutions also allow clients to manage linear assets, fleet assets, and facilities while focusing on operational productivity. ABB offers its products to medium-sized and large enterprises. It relies on partnerships to deliver its services to clients. The company offers to deploy EAM solutions either on cloud or on-premises platform to deliver innovation for asset-intensive industries.BUYERVENDOREXPERTS2.9MNM ANALYSTS
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Infor continuously updates its products and solutions to remain competitive in the market. For instance, in February 2017, the company updated its EAM solution to introduce new enhancements, which included nonconformity tracking, Open Computer-Aided Design (CAD), equipment ranking, and User Interface (UI). These enhancements increased the robustness and efficiency of Infor’s asset monitoring and management solutions.BUYERVENDOREXPERTS2.8MNM ANALYSTS
CGI is keen on developing products and solutions that deliver maximum results with minimum spending. CGI also develops products to address the needs of SMEs by designing quick and hassle-free deployment models. It aims at expanding its operations and market outreach through acquisitions. The company acquired Logica to expand its operations in America, Europe, and Asia as well as to expand its business processes portfolio.BUYERVENDOREXPERTS2.8MNM ANALYSTS
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Vesta designs its products according to changing customer needs. The company focuses only on EAM, and it helps businesses manage the asset lifecycle with the assistance of SAP EAM solutions. Vesta also offers EAM project services, which include framework designing for SAP asset lifecycle implementation, system configuration, and testing.BUYERVENDOREXPERTS2.5MNM ANALYSTS
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The eMaint EAM software monitors and provides visibility into asset health, risk, and performance across the enterprise. Thus, it improves productivity, optimizes processes, and promotes risk-free business practices. It helps increase ROA and reduces maintenance costs. It also provides integration with third-party applications such as SAP and Oracle to make automated decisions that improve business productivity.BUYERVENDOREXPERTS2.0MNM ANALYSTS
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Ramco Systems offers user-friendly ERP solutions on the cloud. The company also offers cloud-based HCM solutions that support the entire range of HCM needs from hire to retire. Ramco EAM is the outcome of over two decades of experience in providing asset management solutions to users across various verticals. It provides effective maintenance management, boosted by inbuilt analytics and excellent safety standards.BUYERVENDOREXPERTS1.8MNM ANALYSTS
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