target audience: TECH BUYER Publication date: Dec 2020 - Document type: IDC MarketScape - Doc Document number: # US46211820
IDC MarketScape: Worldwide Utilities Asset Performance Management 2020–2021 Vendor Assessment
This IDC MarketScape assesses the capabilities and strategies of leading asset performance management (APM) vendors. It aims to aid utilities in deciding on their current or future APM implementations and assists vendors in deepening their understanding of the competitive landscape. This report has a worldwide perspective. It analyzes quantitative and qualitative characteristics to provide context for utilities, evaluating vendors in this area. It also examines vendors' comparative success in the marketplace and looks at how vendor offerings will evolve. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the evaluation criteria and highlights the most influential factors for success in this market in the short and long term.
"Utilities must embed the transition to a more sustainable world in their strategies. Their existing or planned investments in assets are part of this effort, thus, selecting the right APM is fundamental be it for thermal, renewable generation, electricity, gas, or water networks," said Phevos Skalidis, research manager, IDC Energy Insights.
"The utility industry has advanced their digital capabilities in recent years. As a result, the approach to asset management has evolved. An advanced approach to asset management enables a seamless digital connection between operational assets, field workers, and other departments across the organization in their APM efforts," said John Villali, research director, IDC Energy Insights.