Hexagon Named Leader in IDC MarketScape for Oil and Gas Asset Performance Management

Hexagon Named Leader in IDC MarketScape for Oil and Gas Asset Performance Management

(IN BRIEF) Hexagon has been named a Leader in the IDC MarketScape for Worldwide Oil and Gas Asset Performance Management 2025–2026, recognising the strength of its HxGN APM platform. The solution supports asset-intensive organisations in reducing risk, improving reliability and optimising maintenance and production performance through advanced analytics and AI-driven capabilities. Hexagon has also been recognised as a Major Player in IDC MarketScape reports for manufacturing and utilities APM, further reinforcing the breadth of its asset performance management portfolio ahead of the planned launch of Octave in 2026.

(PRESS RELEASE) STOCKHOLM, 15-Jan-2026 — /EuropaWire/ — Hexagon has been recognised as a Leader in the IDC MarketScape for Worldwide Oil and Gas Asset Performance Management (APM) 2025–2026 Vendor Assessment, reflecting the strength and maturity of its HxGN APM solution in supporting asset-intensive industries. The recognition highlights Hexagon’s ability to help oil and gas operators improve reliability, reduce risk and optimise operational performance across complex asset portfolios.

HxGN APM is a comprehensive asset performance management platform designed to identify operational risk and translate asset strategies into measurable outcomes. The solution enables organisations to address maintenance challenges, accelerate return on investment and improve production performance while lowering overall operating costs. Its capabilities support data-driven decision-making across the full asset lifecycle, from design and operation to maintenance and optimisation.

The IDC MarketScape assessment notes that Hexagon has significantly enhanced its APM offering through the acquisition of Itus Digital, strengthening its capabilities in failure prediction, reliability strategy management and risk modelling. These advanced features are embedded within HxGN APM and complemented by deep integration with third-party operational technology systems, as well as productised connectors for leading enterprise asset management and computerised maintenance management platforms. This flexibility positions the solution for use across a wide range of industrial environments.

In addition to its leadership position in oil and gas APM, Hexagon has also been recognised as a Major Player in two other IDC MarketScape assessments covering manufacturing and utilities asset performance management. These evaluations highlight the platform’s rule-based foundations enhanced by AI and machine learning, as well as its ability to integrate with enterprise systems to align operational performance with maintenance strategies, reduce downtime and improve visibility into asset health.

The HxGN APM platform forms part of Octave, the proposed spin-off from Hexagon AB expected to launch in the first half of 2026. Octave will bring together Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, along with ETQ and Bricsys, creating a dedicated software and SaaS business focused on advanced analytics and AI-driven solutions. The combined portfolio is designed to help industrial and public-sector customers manage complexity, improve resilience and make faster, more informed decisions across critical assets and infrastructure.

About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

Hexagon’s Asset Lifecycle Intelligence division helps clients design, construct and operate more profitable, safe,and sustainable industrial facilities. We empower customers to unlock data, accelerate industrial project modernization and digital maturity, increase productivity and move the sustainability needle.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com.

Media Contacts:

Jerry Felts, Global Communications/Senior Influencer Relations Specialist

Hexagon’s Asset Lifecycle Intelligence division, +1.256.730.3074, jerry.felts@hexagon.com

SOURCE: Hexagon