2023 Global Software Markets Report: Third Consecutive Year

IFS, a leading technology innovator in cloud and Industrial AI software, has been ranked #1 for market share in the Enterprise Asset Management (EAM) market for the third consecutive year, according to the Gartner Market Share: All Software Markets, Worldwide, 2023 report. With a market share of 20.3%, revenues of $452 million, and a year-over-year growth of 36.4%, IFS continues to demonstrate its strength in the industry.

Kevin Price, Global Head of Enterprise Asset Management at IFS, expressed the company’s pride in retaining the top position and highlighted the focus on delivering value to customers through advanced functionality and AI innovation. The report also shows that worldwide enterprise software spending grew by 11.1% in 2023, with analytic platforms and networking software emerging as the fastest-growing segments.

IFS offers two powerful EAM solutions to address the needs of asset-intensive industries. IFS Cloud EAM is a composable solution with embedded IFS.ai capabilities, ideal for complex asset environments in various industries such as Energy and Utilities, Manufacturing, and Aerospace & Defense. On the other hand, IFS Ultimo EAM provides integrated solutions for industrial and fleet asset management, with industry-specific functionalities for manufacturing, logistics, and healthcare.

To learn more about how IFS supports asset-intensive industries and its EAM solutions, visit their website at https://www.ifs.com/solutions/enterprise-asset-management. For further information, you can contact Adam Gillbe, Director of Corporate & Executive Communications for Europe, MEA, and APJ, or Mary Morgan, Director of Corporate & Executive Communications for North America and LATAM.

Gartner, a renowned research organization, does not endorse specific vendors, products, or services, and its research publications reflect the opinions of its research organization. The Gartner Market Share report serves as a valuable insight into the global software market landscape, providing essential information for businesses seeking innovative and effective solutions for asset management.

For media inquiries or more information, please refer to the press contact information provided above. Stay informed about the latest developments in the software market with IFS.

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