IFS has been named the number one vendor in Gartner’s EAM market share research based on revenue. The company’s continuing growth and success can be attributed to its extensive market knowledge, innovative and flexible IFS Cloud solution, and seamless integration across all of its capabilities.
The Gartner Market Share: Enterprise Resource Planning Worldwide, 2021 research seeks to give an overview of overall ERP software revenue and vendor market share for all ERP submarkets from 2020 to 2021. Enterprise asset management (EAM) is a product category examined in its own right as part of the ERP research, and vendors operating in the field have their market share reported.
These independent findings, according to IFS, confirm the company’s success in securing new brands and expanding its reach among existing customers. It demonstrates IFS’s commitment to and investment in EAM over the years, most notably in the April 2022 release of IFS Cloud. IFS has invested in a business unit dedicated to the continuous expansion of its EAM business to bring more focus, drive excellence in customer experience, and guarantee customers earn value from their investment with IFS, in addition to obtaining the largest EAM market share based on revenue.
Nils van der Zijl, EAM General Manager, commented “As margins continue to shrink and customer expectations continue to increase, companies need to look inside their business operations to find efficiencies and Return on Investments from their assets. Ensuring maximum uptime of these assets across their entire value chain without impacting costs is a primary goal. IFS EAM helps keep this focus by providing end-to-end visibility and with it, actionable insight needed to stay on track with service level commitments”. He added: “Our mission has been to provide all our customers with the ability to have the complete and changing view of their asset performance and therefore have the foundation to improve asset availability, utilization and reliability consistently. In our opinion, the Gartner findings are evidence of our success.”
IFS Chief Commercial Officer Johan Made commented: “For many companies, assets underpin their ability to deliver amazing Moments of Service for their customers”. Made continued: “IFS’s long standing experience in EAM means we have always had industry-specific capabilities that help customers improve operations by orchestrating the delivery of the right people, tools and equipment to an asset”. He concluded: “Minimizing downtime and maximizing the profitability of assets by reducing the cost of management and extending viability and lifespan is now a key contributor to sustainable business performance; our long-term strategy remains to deliver innovation and capabilities that are completely customer-centric and value-focused, and help companies deliver their Moment of Service”.
IFS’s EAM system is a cloud-native, flexible, composable asset management solution for the energy, utilities, construction, engineering, manufacturing, services, aerospace, and defence industries. IFS EAM automates asset management to control maintenance and maximise asset performance in a single solution that also allows for work to be done both online and offline via a native mobile app. The variety of capabilities allows for present and future needs to be met.
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