A definitive EAM market study says Mincom is the number 1 supplier in Asia and Latin America; and the number 1 in mining & minerals. Mincom is a leading global provider of software and services for asset-intensive industries. Published in April, ARC Advisory Group’s Enterprise Asset Management and Field Service Management Solutions Worldwide Outlook study is a comprehensive five-year market analysis and technology forecast for the global EAM market. According to the report, Mincom is the market-leading EAM supplier worldwide to the Mining & Minerals industry. Mincom was also named the market-leading EAM provider in Asia and Latin America, as well as the top supplier of EAM solutions for organisations ranging from $250 million to $1 billion in revenue.
“Delays in major-improvement projects due to the economy have made extending the life of existing equipment more critical. Continuing the use of aging assets requires good maintenance execution. At the same time, budget constraints have made execution more difficult. Both factors are driving the need for a modern EAM system to optimise limited maintenance resources under these stressed conditions,” said Ralph Rio, Research Director at ARC Advisory and the principal author of the report. “The recent launch of Mincom Ellipse 8 is a significant release for a fully modern EAM solution that represents a substantial step forward in four key areas: technology, functionality, ease of use and open architecture.”
The EAM market was affected by the difficult and dynamic economic environment in 2009, says the ARC report, however growth is expected in 2010 with full recovery and net growth expected in 2012. Overall, the market is forecaste to grow from $1.76 billion in 2009 to $2.3 billion in 2014, for a compound annual growth rate (CAGR) of 5.6%. “As highlighted by ARC’s market study, EAM continues to gain significance as a mission-critical and strategic technology for today’s asset-intensive organisations, especially as these companies emerge from a tough economy,” said Jennifer Tejada, Chief Strategy Officer and Executive VP, Mincom. “We’re pleased Mincom remains the market-share EAM leader within these industries, and feel it reflects a true understanding of our customers’ unique needs, built upon more than three decades of deep industry and domain expertise.”
Added Tejada, “The culmination of extensive and detailed input from our customers, the recent release of Mincom Ellipse 8 represents a major step forward for EAM technology and best practices, mobile work management, and industry-specific solutions that directly address the challenges unique to our customers’ businesses. And with its fully open architecture – now allowing customers to integrate Mincom’s best-in-breed EAM functionality with their choice of leading ERP applications from SAP and Oracle – we see upside in Mincom’s market-share growth in our target industries moving forward.” Founded in 1986, ARC Advisory Group is a recognised thought leader for industrial and supply chain needs, offering market research, advisory services and consulting. ARC analysts have expert industry knowledge and first-hand experience to help clients achieve simple yet critical goals: improving return on assets, operational performance, total cost of ownership, project time-to-benefit, and shareholder value.
Mincom is a global software and services provider with nearly 30 years of experience in providing business solutions to companies in asset-intensive industries, such as mining, in more than 40 countries around the world. Mincom customers include Anglo American, Rio Tinto, BHP Billiton, Xstrata Copper and Caterpillar.