“IDC’s positioning of IFS as the #1 in growth among the top 10 vendors and a significant shaper of the ALM market confirms we are doing all the right things for our customers. We have achieved remarkable, sustained growth through differentiating ourselves with Industrial AI-fueled, deep industry expertise while continuing to deliver high levels of customer satisfaction.”
In its detailed assessment of the ALM market (also known as enterprise asset management or EAM), IDC reports that IFS stands out for far outpacing global ALM revenue growth of 9.8% in 2023. With a 5.5% share of the global market, IFS is also named as one of the vendors that shaped the market in 2023.
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