ABB (NYSE:ABB), the leading power and automation technology group, has advanced its position as a world-leading supplier of enterprise asset management (EAM) software, according to newly released findings from ARC Advisory Group, a leading research and advisory firm. The results are part of ARC’s annual market and technology analysis, titled “Enterprise Asset Management and Field Service Management Worldwide Outlook.”
According to the report, ABB is now the second-largest supplier of EAM software worldwide. Regionally, ABB remains the leading EAM supplier in Asia and Latin America, and was ranked second in North America.
The company was also ranked the leading global EAM supplier to the mining and minerals, electric power generation, and electric transmission and distribution sectors. It was ranked second in aerospace and defense, and refining.
Ralph Rio, ARC’s author of the study comments, “Through its acquisition of market leaders Mincom and Ventyx, ABB has become one of the world’s foremost EAM suppliers. Our newest research findings show ABB has catapulted itself into the number-two position amongst all EAM vendors worldwide.”
“ABB offers an unmatched portfolio of enterprise asset management solutions that uniquely supports the requirements of asset-intensive industries,” said Jens Birgersson, head of the Network Management business, a part of ABB’s Power Systems division. “By maximizing the performance of mission-critical assets, ABB’s market-leading solutions enable customers to further improve productivity and overall business performance.”
EAM solutions facilitate the management of an organization’s physical assets over their entire lifecycle, from design and production, through commissioning, operations and maintenance, to decommissioning and recycling. Managing these aspects on a company-wide basis reduces downtime, optimizes investment and maintenance costs and extends the operational life of installations, thereby enhancing operational performance and minimizing total cost of ownership.
ARC Advisory Group is a recognized thought leader for industrial and supply chain needs, offering market research, advisory services and consulting.
ABB strengthens global lead in enterprise asset management software market