FRAMINGHAM, Mass.--(BUSINESS WIRE)--International Data Corporation (IDC) today published an IDC Innovators report focusing on three technology providers that are considered key emerging vendors in the cloud facilities management software market. The three companies named as IDC Innovators are UpKeep, SpaceIQ, and Common Areas.
Billions of dollars are lost each year to ineffective business processes and inefficient building management systems. This problem has led to the introduction of a new breed of cloud-based facilities management solutions. These solutions target processes essential to the maintenance of buildings and other assets such as equipment and vehicle fleets that enable the pursuit of business objectives. The processes encompass all elements of maintenance associated with facilities management, including managing work orders, maintenance scheduling, approval and sign-off, vendor management, self-service requests, reporting, and technical document management.
"The facilities management market is undergoing tremendous change. New entrants in the market are challenging the status quo with innovative software applications and business models. Most importantly, these new entrants bring new competitive energy into the market, which will push the entire market forward," said Kevin M. Permenter, senior research analyst, Enterprise Applications.
UpKeep offers a mobile-first, cloud-based facility management solution that addresses the growing need of organizations to manage facilities and facility assets in a more dynamic and real-time manner. SpaceIQ simplifies the space management process by using a cloud-based system that enables employees to proactively manage their workspace and workspace budgets on an individual basis. Common Areas offers collaborative operations software that brings operational clarity to property and facility management teams and outside contractors as they automate, schedule, and track work.
The report, IDC Innovators: Cloud Facilities Management Software, 2018 (IDC #US43848416), profiles three emerging technology providers offering cloud facilities management software solutions.
About IDC Innovators
IDC Innovators reports present a set of vendors – under $100 million in revenue at time of selection – chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report. Vendors funded by venture capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor's company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.
For more information about IDC Innovators research, please contact Karen Moser at firstname.lastname@example.org.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading media, data and marketing services company that activates and engages the most influential technology buyers. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn.