IFS ranked #1 for EAM market share in the Gartner® Market Share: Enterprise Software, Worldwide, 2024 report for fourth consecutive year
London, UK, May 22, 2025 – 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 IFS’s end-to-end Asset Lifecycle Management (ALM) journey. This unified solution enables customers to automate asset management, optimize 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
About IFS
IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that service, power and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.
IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.
IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.
IFS Press Contacts:
EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: [email protected]
NORTH AMERICA / LATAM: Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: [email protected]
