IFS, the global enterprise applications company, has once again been identified as the number one vendor in market share in enterprise asset management (EAM) andfield service management (FSM) software for the oil and gas industry by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure.
In its publication “Enterprise Asset Management and Field Service Management Global Market Research Study,” ARC Advisory Group recognizes IFS as the leading supplier to the global oil and gas industry. The report identifies as one of IFS’s strengths the ability to rapidly develop new components quickly and efficiently to ensure that the application continues to provide the deep functionality needs of the end user.
“The oil and gas industry operates in an environment in which asset integrity management (AIM) is crucial,” ARC Research Director for Enterprise Software Ralph Rio 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.”
IFS director for the oil and gas industry Knut Møystad added, “The leading position IFS commands in the oil and gas market has been confirmed once again in this latest study by ARC. For more than 20 years, we have worked closely with leading EPCI contractors, drilling contractors, system/equipment suppliers and mobile asset owners to ensure our solutions meet the industry’s stringent requirements.”
IFS customers in the oil and gas industry include Technip, Seadrill, Maersk Drilling, Maersk Supply Service, Rowan Companies, Odfjell Drilling, Agility Group, Babcock Marine, Heerema Fabrication Group, Archer, Apply Sørco, MIR VALVE, Hertel Group, Rosenberg WorleyParsons, BW Offshore, Semco Maritime, Reinertsen, VARD, PGS, Wellstream, Hamworthy, ShawCore, Icon Engineering, Songa Offshore, Mermaid Marine, and Trans-Northern Pipelines Inc.
For more information on ARC’s findings, visit here to view an overview or obtain the full‐length report.
