IFS ranked #1 for EAM market share in the Gartner® Market Share: Enterprise Software, Worldwide, 2024 report for fourth consecutive year
28/05/2025 IFS UK Ltd
IFS, the leading provider of enterprise cloud and Industrial AI software, today announced it has been named the global market share leader in Enterprise Asset Management (EAM) for the fourth consecutive year. The recognition comes from the recently published Gartner® Market Share: Enterprise Software, Worldwide, 2024 report.
IFS holds the #1 position with a market share of 19.4% and revenues of $550 million in 2024, cementing IFS's leadership in the EAM market. IFS has been at the forefront of the shift to Industrial AI, embedding IFS.ai across IFS Cloud to bring the latest capabilities in AI directly to customers.
Kevin Price, Global Head of Enterprise Asset Management at IFS, commented: “IFS believes that our fourth consecutive #1 ranking is a testament to our relentless focus on innovation and customer success. By combining cutting-edge Industrial AI with comprehensive Asset Lifecycle Management solutions—including Copperleaf and IFS.ai—we deliver the most advanced and future-ready solutions on the market. Our vision is to empower customers with AI-driven technology that delivers unmatched efficiency and value.”
The Gartner report states that, “worldwide enterprise software spending grew by 11.9% to $899.9 billion in 2024.”
The company strengthened its EAM leadership by introducing AI-powered Asset Investment Planning to complete the IFS end-to-end Asset Lifecycle Management (ALM) journey. This unified solution enables customers to automate asset management, optimise performance, and advance ESG goals—all underpinned by the latest in Industrial AI.
Source: Gartner, Market Share: Enterprise Software, Worldwide, 2024
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Find out more about our ranking here: https://info.ifs.com/2024_EAM_Market_Share.html
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IFS UK Ltd
IFS House
728 London Road
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Web: https://www.ifs.com/
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