ARC Advisory Group report ABB now the world's second largest supplier of 'Enterprise Asset Management' (EAM) software
Automation technology group ABB has advanced its position as a leading supplier of enterprise asset management (EAM) software, according to newly released findings from ARC Advisory Group, a 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.”
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.
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.
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.”