AVEVA Group Strengths, Domain Expertise, and Key Differentiators
AVEVA is a global company in engineering and industrial software driving digital transformation across the entire asset and operational life cycle of capital-intensive industries.
The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe.
AVEVA Group Recent Developments
In February 2020 Aveva launched AVEVA E3D design software that addresses the specific needs of the marine sector.
Designed with the most up-to-date user interface principles and best practices, intuitive and easy to use AVEVA E3D Design software combines the latest three-dimensional graphics and user interface technologies with state-of-the-art data management. The new capabilities demonstrate AVEVA’s continued proactive innovation to address sustainability targets such as the International Maritime Organization’s environmental regulations, providing new tools to anticipate market needs and offering new capabilities and greater efficiency.
AVEVA’s new capabilities tailored to the marine sector will address these requirements and also include the first release of the AVEVA Hull Basic Design Module. This module is used for the preliminary design of a ship's hull structure, and supports key decisions regarding naval architectural characteristics, space management, outfitting design and drawings. AVEVA’s new module represents the most integrated 3D environment for working with as-built and as-designed data in the marine market.
In September 2019 introduced an integrated engineering software designed to help customers transform the way capital projects are engineered, executed and integrated into operations and maintenance. The integrated portfolio comprises three software solutions. AVEVA Unified Engineering seamlessly integrates process design with front-end engineering and detailed 3D based design. AVEVA Unified Project Execution links and streamlines procurement and construction processes for capital projects. AVEVA Enterprise Learning enables the rapid skilling of operators and engineers using Extended Reality (XR) and simulation tools, to ensure efficient startups and shutdowns, normal operations, and the ability to handle abnormal situations.
The functionality provided in these integrated solutions enables the realization of an EPC 4.0 strategy for owner operators, central to digital transformation in the capital-intensive process sectors. This allows collaboration on a global scale, through hybrid cloud architectures and on a common platform. The entire manufacturing process can be traced, tracked, and linked - from engineering and design, through procurement and construction, to handover and to operations and maintenance, as a comprehensive Digital Twin for the capital asset.
In February 2019, AVEVA made a major update to its Monitoring, Control, and Information Management portfolio, delivering edge-to-cloud integration and advanced visualization tools, along with seamless access to advanced applications and powerful analytics.
The EDD solution tool has been developed by Shell to improve project efficiency by automating design processes, that would lead to time and cost savings. The PDMSi application layer has been proven to reduce drawing production time by up to 85% on past Shell Deepwater projects.
In February 2018, AVEVA acquired the intellectual property rights to the engineering design database and design productivity software known as EDD and PDMSi, developed by Shell International Exploration and Production Inc., a member of the Royal Dutch Shell plc group.
These advanced capabilities are delivered in AVEVA’s market-leading portfolio including InTouch HMI, InTouch Edge HMI, System Platform, Historian and AVEVA Insight products, providing unmatched enterprise-wide visualization and insight into operations and a high degree of commercial flexibility with subscription, a foundational element of digital transformation.
AVEVA Group Mergers and Acquisitions (M&A) Activities
In August 2020 Aveva acquired OSIsoft for $5.0 billion. AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management to help customers in industrial and essential organizations accelerate their digital transformational strategies as efficiency, flexibility, sustainability and resilience become increasingly urgent requirements for customers.
OSIsoft’s data management software will complement AVEVA’s comprehensive end-to-end engineering, operations, and performance offerings. Integrating OSIsoft’s PI System into AVEVA’s comprehensive software portfolio will create an integrated data foundation that can drive big data, Cloud and AI-driven insights to create meaningful business outcomes for customers. This combination enables AVEVA to grow and diversify the industries it serves as well as continue to expand its footprint in existing and new markets and geographies.
In March 2018, AVEVA Group published the completion of its merger with the industrial software business of Schneider Electric which was announced in 2017 after two previous attempts had failed.
The combination of AVEVA and Schneider Electric’s industrial software business brings together CAPEX and OPEX, creating a path to digitalization from conceptual design to commissioning.
AVEVA Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying AVEVA Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of AVEVA Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified AVEVA Engage, customers.
AVEVA Group Overview
Ownership: - LON: AVV
Number of Employees: 4600
AVEVA Group Key Enterprise and Cloud Applications
AVEVA Group Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
AVEVA Group Revenue Breakdown By Type, $M:
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AVEVA Group Enterprise Applications Revenues By Functional Markets, $M:
AVEVA Group Enterprise Applications Revenues By Verticals, $M:
AVEVA Group Revenues By Region, $M
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AVEVA Group Direct vs Indirect sales
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AVEVA Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of AVEVA Group Customers: 16000
No. of AVEVA Group Enterprise Applications Customers: 16000
No. of AVEVA Group Cloud Customers: 57
No. of AVEVA Group Cloud Subscribers: x
AVEVA has 16000 globally, among Aveva customers are Technovision, BashNIPIneft LLC, Statoil, Bashkortostan Republic, INITEC Energia, TSK, Brodosplit, Orgneftekhim, Kværner Verdal AS, AP Consultoria e Projetos, SUEZ Environnement, WUHUAN Engineering, Aker Solutions, Progen.
In 2018, the group won customers, 27 of the were new cloud customers, taking it to a total of 57, mainly Oil and Gas companies.
Some of the major customers wins in 2018 were: Covestro, ADNOC, China Petroleum, KBR, MV Werften, and Sinopec.
AVEVA Group Market Opportunities, M&A and Geo Expansions
In July 2020 Aveva introduced the AVEVA Insight OMI app, a first in the industry to infuse real-time artificial intelligence into an operator’s decision-making as well as improve overall operational agility. The smart app provides industrial businesses with an accelerated path toward implementing artificial intelligence in the control room or on the plant floor, presenting real-time anomaly detection in a context-aware OMI visualization display. It will benefit operators, engineers, and operations managers from various industries including Water and Wastewater, Energy, Food & Beverage amongst others.
The AVEVA Insight OMI app introduces AI capabilities into the AVEVA System Platform, formerly Wonderware, and leverages predictive early warning and automatic detection of unusual operational behavior. This provides users with early notification so they can quickly resolve issues before they become critical business problems such as unplanned downtime and production losses. A simple management interface enables operations, maintenance and production teams to quickly train the AI engine to adapt to the enterprise’s specific implementation. An intuitive thumbs-up or thumbs-down confirmation ensures AI-driven notifications are relevant to the needs of the user and support overall enterprise objectives, with no programming or data science knowledge required. This closed-loop feedback improves the accuracy of the AI prediction engine over time and enables users to see what matters. As anomalous patterns are identified, they can be captured and presented by the app within an organization’s on-premise HMI/SCADA solution, delivering insights directly where operators need it.
In February 2020 Aveva has unveiled its new Discrete Lean Management software to support digital transformation in the discrete manufacturing market1. The new offering improves operational efficiency through the digitalization of lean work management for both manual and automated production lines. AVEVA’s quick-to-deploy and easy to use digital tools enable access to production information, KPIs and notifications on dashboards, workstations and mobile devices to improve overall equipment and labor effectiveness, and to facilitate data-driven continuous improvement.
AVEVA Discrete Lean Management is designed to address the issues faced by operating manufacturing plants still using paper-based systems for lean and work order management, work instructions and data collection procedures. It enables physical records to be replaced with digital tools that mitigate the risk of manual processes and provides real time visibility into production performance allowing team collaboration in response to production issues.
AVEVA's Cloud products are designed to be flexible, scalable and available everywhere and are offered in each of AVEVA's Business Units. The Group achieved growth of some 200% in Cloud orders with significant new order wins, such as Veolia Water and continued expansion from existing customers as they increased consumption, by for example rolling solutions out across their asset bases.
In April 2019, AVEVA decided to make a significant addition to its comprehensive Asset Performance Management (APM) portfolio with the acquisition of the software assets of MaxGrip, subject to approval from MaxGrip’s shareholders. MaxGrip, an AVEVA partner since 2017, is a pioneer in optimizing asset performance with Reliability Centered Maintenance (RCM) solutions.
AVEVA Group Risks and Challenges
Manufacturing slowdown in markets like China could dim AVEVA's short-term outlook.
In December 2015, Aveva has called off its £1,3bn reverse takeover by France’s Schneider Electric, citing unforeseen costs and risks associated with the proposed merger. The complex deal would have involved Aveva acquiring Schneider’s industrial software unit — Schneider Software — but the French company would, in turn, have taken a majority stake in Aveva.
Furthermore, AVEVA appointed Lisa Johnston as Chief Marketing Officer (CMO). Lisa takes on global responsibility for AVEVA’s brand and marketing initiatives. She will build on AVEVA’s credentials as a global leader working to accelerate the digital transformation of industrial companies around the world.
AVEVA Group Ecosystem, Partners, Resellers and SI
In August 2018, AVEVA signed a partnership agreement with Virsec, a leader in cybersecurity innovation. With this partnership, AVEVA customers gain access to in-memory cyber protection for Industrial Control (ICS) and Supervisory Control and Data Acquisition (SCADA) systems. Virsec’s patented technology can reduce risks posed by targeted cyberattacks across IT and OT systems.
The AVEVA Group has 4000 partners. Among its partners are Amazon Web Services, Capgemini, EMC Corporation, ETAP, Meridium, Inc., Microsoft. Schneider Electric is one of AVEVA's main channel partners. One-third of AVEVA's revenue is generated through channel partners.
AVEVA Group Cloud Infrastructure Insights
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