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GE Digital Leads in APM Solutions With a Focus on Customer SuccessGE Digital today announced that the latest Verdantix Buyer's Guide to Asset Performance Management (APM) Software has recognized GE Digital as a leader in the competitive field with a focus on customer success. The report from Verdantix, an independent industry analyst firm, provides executives at industrial facilities responsible for performance and maintenance optimization with an up-to-date analysis of 27 prominent APM (News - Alert) solutions. The report also notes that the APM solutions market is currently sized at $2.7 billion and has a promising forecast - it is expected to grow by 12% year over year to $4.4 billion in 2025.1 According to Verdantix, there are four main functionalities that best constitute a holistic APM offering: Asset Health Monitoring, Asset Failure Prediction, Maintenance Optimization, and Performance Optimization. GE Digital was found to have a comprehensive, cross-industry capability for each category. This report updates and extends Verdantix's analysis of solutions provided through the Green Quadrant: APM Solutions published in June 2020. In addition, the Buyer's Guide recognizes GE Digital's APM software as having:
According to Verdantix, digitally-enabled automation and remote operations are now a high priority across all industries. This trend has created demand for upgrading legacy infrastructure and a mindset change across all levels of an organization, from technicians and engineers to directors and executives. "APM solutions are playing a key role in ensuring reliable operations and minimizing outages, which have substantial financial, legal, and safety implications in critical industries," said Linda Rae, General Manager of GE Digital's Power Generation and Oil & Gas business. "We're very pleased that GE Digital has been recognized not only for our APM solution, but for our ability to help customers achieve success with it." More information about GE Digital's Asset Performance Management software solutions can be found here. About GE Digital GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital's product portfolio - including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation - helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works. For more information, visit www.ge.com/digital. 1 see Verdantix Market Size And Forecast: Asset Performance Management Solutions 2019-2025.
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