IFS listed as #1 in 2022 global EAM market share by revenue for the second consecutive year in a Gartner report

IFS listed as #1 in 2022 global EAM market share by revenue for the second consecutive year in a Gartner report

Dubai, United Arab Emirates – IFS, the global cloud enterprise software company, today announced that it is ranked #1 in the Enterprise Asset Management market based on revenue for the second consecutive year in the Gartner, Market Share: All Software Markets, Worldwide, 2022. The company attributes its continued growth and success in EAM to its continued focus on building rich capabilities aligned to deep industry expertise, and the acquisition of IFS Ultimo in 2022. The Gartner Market Share: All Software Markets, Worldwide, 2022 report aims to provide an overview of 2021-2022 of all enterprise software revenue and vendor market share. As part of the report, enterprise asset management (EAM) is a product category analyzed in its own right and vendors active in the segment have their market share reported. Overall, the worldwide enterprise software market grew by 11.3% in 2022. IFS believes that the Gartner Market Share report reinforces the success IFS has seen in recent years, in EAM and across its entire business. This includes its 5th consecutive year of double-digit growth for the 2022 Financial Year. In addition to securing the highest EAM market share based on revenue, IFS is also investing in its recently established EAM business