IFS identified by ARC Advisory Group as industry leader in terms of market share for the fifth year running
IFS , the global enterprise applications company, has been identified as the number one vendor in market share in enterprise asset management (EAM) software for oil & gas (O&G) industries by ARC Advisory Group , the leading information technology research and advisory firm for industry and infrastructure.
In its publication “Enterprise Asset Management Global Market Research Study,” ARC Advisory Group recognizes IFS as the leading supplier to the global oil and gas industry. The report, which forecasts the market through 2020, identifies one of IFS’s strengths as its established component and service-oriented architecture, which enables customers to purchase an EAM solution that fits their unique and specific asset lifecycle management needs.
“The oil and gas industry operates in an environment in which asset integrity management is crucial,” Ralph Rio, Research Director for Enterprise Software, ARC Advisory Group said. “The commodity pricing of the petroleum sector creates extreme pressure to control cost while preventing catastrophic failures across asset classes including offshore oil rigs and pipelines.”
