IFS named as Aerospace and Defense EAM software market leader by ARC Advisory Group, having doubled market share
posted on Oct 3, 2018
October 3, 2018 - IFS, the global enterprise applications company, today announced it has been independently confirmed as the number one vendor of Enterprise Asset Management (EAM) software, by market share, for the global aerospace and defense (A&D) sector. This marks the tenth consecutive year major research and advisory firm ARC Advisory Group has named IFS as the global leader in EAM software for the specialized A&D market.
The ARC “Enterprise Asset Management Global Market 2017 – 2022” report found IFS has nearly doubled its total A&D market share and increased its lead year over year against the next highest participants. The figures include revenue increases following the 2017 acquisition of aviation maintenance management software provider Mxi Technologies.
“IFS is particularly strong in the aerospace and defense market worldwide,” Ralph Rio, Research Director for Enterprise Software, ARC Advisory Group said. "The company has further extended its lead following strong sales of IFS Maintenix and IFS Applications to organizations across the A&D sector.”
Over the past year, IFS has closed a number of high-profile deals and partnership agreements with the likes of PSA Airlines, Air Transport Services Group (ATSG), AECOM, TEST-FUCHS, Tsunami Tsolutions, G7 Aerospace and Calidus. These customers and partners join a leading user base in aerospace and defense that includes BAE Systems, Lockheed Martin, General Dynamics, SAAB, HAL, Emirates, LATAM, China Airlines, Air France-KLM and Southwest Airlines.
Scott Helmer, President, Aerospace and Defense Business Unit at IFS, added, “Over the last ten years, IFS has continued to be the leading EAM software provider to organizations of all sizes in this highly dynamic industry. Our long-standing leadership position is premised on an unwavering commitment to product and service innovation supported by a team with extensive industry knowledge and experience. As optimizing EAM continues to be vital for equipment availability, safety and efficiency, these priorities will continue to drive our future growth and success.”
Find out more about how IFS supports its aerospace and defense customers by visiting https://www.ifsworld.com/corp/industries/aerospace-and-defense/
*Source: IBA International - PR for IFS A&D