Hexagon recognized as a 'leader' in enterprise asset management software
10 October 2024
HUNTSVILLE, Ala. – HxGN EAM from Hexagon’s Asset Lifecycle Intelligence division has been named as a market leader in enterprise asset management (EAM) solutions in the Green Quadrant: Enterprise Asset Management Software 2024 report from Verdantix, an independent research and advisory firm. This prestigious accolade underscores Hexagon’s commitment to delivering industry-leading EAM solutions that drive operational excellence and sustainability.
Verdantix’s thorough assessment of 14 EAM suppliers included a 151-point questionnaire, combined with multi-hour live vendor demonstrations and interviews with more than a dozen EAM software users. The resulting analysis is based on the proprietary Verdantix Green Quadrant methodology, which is designed to provide an evidence-based, objective assessment of vendors offering comparable products or services. Verdantix also reviewed the data from its global survey of 304 operational excellence decision-makers as part of its comprehensive analysis of the EAM software market.
Hexagon’s HxGN EAM achieved top best-in-market scores in several critical EAM capabilities, reinforcing its position as a market leader:
- Leading Technical Capabilities: HxGN EAM received perfect scores (3.0/3.0) for business intelligence, deployment options and deployment environment. These scores reflect Hexagon’s robust technical foundation and its ability to provide flexible, scalable and secure EAM solutions. Customers experience advanced visualization capabilities through HxGN EAM Visualization Studio, which includes OpenCAD, OpenBIM and Reality Viewer. With Visualization Studio, users can access, mark up and interact with drawings and floor plans directly in the platform and manage existing facilities using point clouds from reality capture tools.
- Strong Integration Options through HxGN EAM Databridge Pro: Hexagon’s integration capabilities were highly praised, with the platform interoperability and integrations receiving the second-highest score in the analysis (2.8/3.0). HxGN EAM Databridge Pro, launched in February 2024, enables seamless integration with various enterprise systems, enhancing data flow and operational efficiency.
- Market-Leading Data Management: Hexagon’s data management capabilities were also recognized as market-leading, ensuring that organizations can effectively manage and leverage their asset data for improved decision-making and performance.
HxGN EAM received above-average scores in 16 of the technical and functional capabilities evaluated. HxGN EAM has been implemented by firms in the infrastructure and transport, mining and minerals, oil and gas and power utilities industries.
“Being cited as a leader in the Verdantix Green Quadrant for enterprise asset management is a significant milestone we are again honored to receive,” said Tom Kurtz, Vice President, Portfolio Strategy for EAM, Hexagon’s Asset Lifecycle Intelligence division. “This recognition highlights our company’s unwavering commitment to delivering state-of-the-art EAM solutions, which are instrumental in helping clients attain their operational and sustainability objectives.
“It also reinforces our commitment to continued innovation, ensuring our solutions perpetually align with the dynamic needs of the industry. At Hexagon, our goal is to adapt our solutions to rise to industry challenges. We are excited about some upcoming EAM enhancements designed to significantly improve the customer experience,” Kurtz added.
Spending in the EAM software market reached $4.5 billion in 2024, and will grow at a 9% CAGR to reach $6.4 billion by 2028, according to the forecast in the Verdantix Market Size And Forecast: Industrial Asset Maintenance Software 2022-2028 (Global). Of the respondents to the Verdantix 2023 global corporate operational excellence survey, 55% planned new spend on EAM software in 2024 (see Verdantix Global Corporate Survey 2023: Operational Excellence Budgets, Priorities And Tech Preferences).
Contact:
Jerry Felts, Global Communications Manager/Influencer Relations Specialist
Hexagon’s Asset Lifecycle Intelligence division
Tel: +1.256.730.3074
Email: jerry.felts@hexagon.com
Hexagon is the 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 (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.