Frost & Sullivan Lauds AVEVA's Customer-centric Growth Strategy in the Engineering Information Management Solution Market

AVEVA has consistently and effectively balanced short-term performance needs with the company's long-term vision and aspirations

MOUNTAIN VIEW, Calif., Sept. 8, 2015 — (PRNewswire) —  Based on its recent analysis of the engineering information management (EIM) solutions market, Frost & Sullivan recognizes AVEVA with the 2015 Global Frost & Sullivan Award for Competitive Strategy Innovation and Leadership. AVEVA was one of the early leaders in the EIM market and is currently the second-largest vendor with an 18 percent share of the fragmented market. AVEVA has set itself apart from its peers with its customer-centric strategy, global footprint, focus on innovation, vibrant partner ecosystem, and integration of its product lines with third-party solutions. Furthermore, it has ensured consistent implementation of its business plans through best-in-class processes and strategic acquisitions.

Click here for the full multimedia experience of this release - http://bit.ly/1QeR3vr

AVEVA NET is a deep, flexible, configurable, and user-friendly solution that can work in tandem with other enterprise software, multiplying efficiencies. It serves engineering, procurement, and construction (EPC) companies and owner-operators across a number of verticals, including oil and gas; marine and power; chemicals; mining; paper and pulp; and large infrastructure projects. In terms of verticals, AVEVA serves all global top 10 companies in the energy and chemicals industries, and nine of the 10 largest global shipyards.

Being a U.K.-based company, the Europe, Middle East and Africa (EMEA) region continues to be AVEVA's largest market, but it is also well established in Asia-Pacific and the Americas. In the past year, it expanded its presence in key markets, including North America and China, while developing key strategic global accounts. With more than 1,500 employees across 30 countries, AVEVA's geographic footprint is second to none.

"Our software is used in the process, power and marine industries to design, build and operate large capital-intensive assets," said Richard Longdon, CEO, AVEVA. "Frost & Sullivan acknowledges that it is a combination of industry knowledge and solutions supported by our Digital Asset vision that sets us apart from the competition. This Digital Asset approach allows our customers to build an integrated information framework that matches the current state of the physical asset. It enables our customers to manage continual change as they deliver and operate some of the world's most complex assets. We are delighted that a respected organization such as Frost & Sullivan recognizes AVEVA ahead of our peers. Our technology leadership is thanks to the hard work of the global team at AVEVA."  

"Strategic partnerships are becoming highly relevant to AVEVA, as they enable the company to penetrate newer markets and verticals," said Frost & Sullivan Industry Analyst Anisha Vinny. "A case in point is its partnership with Capgemini and the recent collaboration with the enterprise content management giant EMC to create an integrated solution for tackling complex capital projects and asset operations."

Innovation is one of the top corporate priorities at AVEVA, and it has invested $150 million in R&D efforts over the past five years. Acknowledging customer demand for convergence between engineering design solutions and information management software, it delivers an integrated solution suite. Other important areas of research for AVEVA are cloud and mobile solutions that enhance flexibility and collaboration. Its solutions give customers a high level of efficiency and reduce the amount of rework required.

The project lifecycles in AVEVA's end-user industries often span decades and, hence, it is vital for the company to offer reliable, high-quality products. The company has built a large global footprint, establishing local offices in close proximity to its customer base. In order to address each customer's unique requirements to build an optimal solution, AVEVA has accrued a deep understanding and expertise of the industries it serves. The customer purchase experience AVEVA presents is thus superior to the industry average; more than 70 percent of its business is from recurring revenues.

"Frost & Sullivan firmly believes the strength of the company's brand and its AVEVA NET solution has enabled AVEVA to be the vendor of choice of more than 3,500 customers in a number of capital-intensive industries," observed Vinny. "Overall, the company's competitive differentiation lies in the depth of its EIM solution, global footprint, vertical diversification, and the manner in which it is addressing the need for usability and integration with the rest of the supply chain."

Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a competitive strategy that results in stronger market share, competitive brand positioning and customer satisfaction.

"With increasing globalization comes increasing competition, and the companies that thrive are the ones that are a step ahead of their competition. Frost & Sullivan is pleased to recognize AVEVA for its innovative strategies in strengthening its brand and, thereby, demand for its products in the intensely competitive EIM solutions market," said Frost & Sullivan Global President and Managing Partner Krishna Srinivasan.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About AVEVA

For nearly 50 years, AVEVA software has enabled the creation of some of the world's most complex power and process plants, vessels and offshore facilities. AVEVA's Digital Asset approach ensures there is always an accurate digital representation of each physical asset. This allows engineering contractors, owner-operators and ship builders to work more safely, more efficiently and with less risk throughout the life cycle of their projects and operations. For further information, please visit www.aveva.com/ednotes.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

 

 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/frost--sullivan-lauds-avevas-customer-centric-growth-strategy-in-the-engineering-information-management-solution-market-300138455.html

SOURCE Frost & Sullivan

Contact:
Frost & Sullivan
Web: http://www.frost.com

 




Review Article Be the first to review this article
Aldec

 Advanced Asembly

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
What’s on Tap from the ESD Alliance? Plenty! Read On …
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating IP and SoC Development
Jobs
ASIC SoC Verification Engineer for Ericsson at Austin, Texas
ASIC Engineer for Amazon at seattle, Washington
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
SerDes Applications Design Engineer for Xilinx at San Jose, California
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
Upcoming Events
Simulation World at United States - Apr 20 - 21, 2021
Virtual ASMC 2021 at United States - May 10 - 12, 2021
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
True Circuits IoT



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise