HxGN EAM named a leader for enterprise asset management services by independent research firm21 Juni 2022
HUNTSVILLE, Ala. – HxGN EAM from Hexagon’s Asset Lifecycle Intelligence division was named a leader in the enterprise asset management (EAM) market in the Green Quadrant: Enterprise Asset Management Software 2022 report from Verdantix, an independent research and advisory firm with expertise in digital strategies for Environment, Health & Safety, ESG & Sustainability, Operational Excellence and Smart Buildings.
HxGN EAM received the highest weighted score for the technical capabilities of the platform. The report assessed 14 EAM software vendors across their product functionality, user interface and market momentum.
Verdantix estimates that global spending on EAM will reach $5.4 billion in 2026, compared to $3.6 billion in 2021, and states that acquisitions and funding are reshaping the EAM market. This comes just after Hexagon’s $2.8 billion acquisition of Infor’s EAM software business to form HxGN EAM in 2021. The growth of the EAM software market is spurred on by initiatives for digital transformation and a need to improve asset reliability and maintenance in a standardized and cost-efficient manner with the sustainability goals of corporations in mind.
HxGN EAM sees four ingredients as essential for sustainability: flexibility, responsiveness, resilience and environmental care. These ingredients not only bolster the protection of the current workforce, but also the workforces of future generations
According to a 2021 Verdantix global corporate survey, nearly 60% of the respondents stated the availability of a breadth of applications on a single platform as an important criterion when evaluating asset management software (Verdantix, Global Corporate Survey 2021: Operational Excellence Budgets, Priorities & Tech Preferences; Dec. 14, 2021). Additionally, EAM vendors have been expanding their product functionality to include asset condition monitoring capabilities (Verdantix, How Should Industrial Firms Refresh Their Digital Asset Management Strategies in 2022?; Nov. 25, 2021).
This report recognizes that HxGN EAM supports a variety of industries via its comprehensive capabilities and that it is well-suited to buyers who are looking for advanced analytics within their EAM systems.
“HxGN EAM’s growth ambitions align with the market outlook and Hexagon’s vision to be the world leader in digital realities and autonomous solutions,” said Kevin Price, Vice President, Enterprise Asset Management Portfolio Segment, Hexagon’s Asset Lifecycle Intelligence division. “Asset visibility is the first step in proactive maintenance and the prevention of the breakdown of critical functions, and we’re proud that HxGN EAM’s wide availability of services matches the growing needs of our customers. It’s an honor to be classified as a leader in the EAM market.”
For further information, please contact:
Jerry Felts, Influencer Relations Specialist/Global Communications Manager
Hexagon’s Asset Lifecycle Intelligence division
Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.
Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.
Hexagon’s Asset Lifecycle Intelligence division helps clients design, construct, and operate more profitable, safe, and sustainable industrial facilities. We empower customers to unlock data, accelerate industrial project modernization and digital maturity, increase productivity, and move the sustainability needle.
Our technologies produce actionable insights that enable better decision-making and intelligence across the asset lifecycle of industrial projects, leading to improvements in safety, quality, efficiency, and productivity, which contribute to Economic and Environmental Sustainability.