We are named a Representative Vendor in the 2025 Gartner® APM Market Guide for the second consecutive year, marking progress in advancing APM for energy.
We are named in the latest Gartner Market Guide
We are proud to announce that, for the second time in a row, we have been named a Representative Vendor in the 2025 Gartner® Market Guide for Asset Performance Management Software Report. In our opinion, this represents a significant step forward in our work toward building the most powerful Asset Performance Management solution for energy businesses worldwide.
What is Asset Performance Management?
Asset Performance Management is a strategic approach focused on maximizing asset reliability and efficiency, minimizing costs, and extending asset life. APM integrates real-time asset monitoring, advanced analytics, and maintenance planning into a unified solution that helps prevent asset failure and maximize their performance.
Key benefits of APM:
The effective APM leverages data analytics, predictive maintenance, and various integrated technologies and algorithms to ensure that all assets operate at their top performance. This reduces downtime and extends asset operational life, consequently lowering maintenance costs. The key benefits of Asset Performance Management are:
- Manage Risks: Effective risk management is essential for more than just reducing costs and minimizing unplanned downtime by predicting asset-related incidents. It also helps balance operational performance with the asset’s life-cycle cost. By employing risk management strategies, you can prioritize future investments, enhance availability, and ensure that critical assets and systems are consistently monitored and protected against emerging threats.
- Predict Asset Failure: Using artificial intelligence, the software can predict failure by monitoring an unlimited number of assets and providing an early warning of asset failure and increased risk of asset failure. Integrated algorithms for prediction allow customers to eliminate unnecessary inspection and maintenance regimes and time-consuming, expensive manual monitoring of asset performance.
- Asset Lifecycle Management: Optimize the profit generated by your assets throughout their lifecycle. Solutions such as APM help businesses better understand each asset’s lifecycle. The software can eventually assist owners in making better decisions, maximizing equipment efficiency, and reducing spending costs and maintenance.
- Extending APM with Asset Investment Planning: APM can be extended with Asset Investment Planning, a module for investment planning and scenario creation based on budget allocation. Integration is supported through web services. With IPS®AIP, users can enhance complex, longer-term tactical and strategic decisions relating to the CAPEX/OPEX budget allocations and overall asset management planning.
The importance of Asset Performance Management
In today’s fast-changing world, the importance of keeping the optimal performance of assets and resources is more critical than ever. Besides fighting downtime, which can become a significant problem for asset-dependent companies, resulting in increased costs, it is essential to ensure the proper allocation of staff and resources. The data within the Asset Performance Management System helps with efficient staff and resource allocation.
Another important aspect of APM is to provide a complete system perspective. APM offers a comprehensive view of the entire system, which helps prevent equipment failure before it escalates, and supports making informed decisions on whether to refurbish or fully replace an asset.
Conclusion
Being named a Representative Vendor in the 2025 Gartner® Market Guide for Asset Performance Management Software for the second year in a row reinforces our commitment to delivering an industry-leading APM solution. Our solution empowers energy businesses to reduce risks, predict failures, optimize asset lifecycles and make smarter investment decisions.
Book a demo to see it in action. Discover how IPS®APM can help transform your asset strategy.
This*Gartner, Market Guide for Asset Performance Management Software, Nicole Foust, Kristian Steenstrup, Lloyd Jones, 26 March 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from IPS.</>