Aveva Group PLC

Aveva Group PLC Overview

Company Headquarters: UK

Founded: 1967

Workforce: ~6,500

Company Working: AVEVA Group PLC (AVEVA) is engaged in providing industrial engineering software solutions for the process plant, power, and marine industries. It offers asset performance management, engineering, procure and construct, operate and optimize, and monitor and control solutions. It also offers products for different technologies, including industrial Internet of things (IIoT), cloud, edge, advanced 3D visualization, and artificial intelligence. The asset performance management (APM) software portfolio addresses the challenges faced by industries related to artificial intelligence, industrial big data, cloud, digital twin, and augmented reality. The company's SCADA, HMI, and control solutions are used to segregate raw information into valuable insights that reveal new opportunities. AVEVA Connect is a unified industrial software platform that provides AVEVA E3D, Asset Visualization (NET) AVEVA ERM, AVEVA LFM, AVEVA NET, PRO/II Process Engineering AVEVA ProCon, Dynamic Simulation (DYNSIM), and cloud-based sandbox. The company offers its software solutions to various industries, including oil and gas, power, and utility, marine, paper and pulp, chemical, infrastructure, life sciences, food and beverages, steel fabrication, waste and wastewater, and mining.

Strategy

AVEVA Group PLC follows both organic and inorganic growth approaches. Since 2018, it has been primarily focusing on inorganic growth, under which, it emphasizes acquisitions and partnerships; for instance, it signed an agreement with Covestro, a leader in polymer solutions, to transform its process engineering and simulation. The partnerships also help the company to expand its customer base through cross-selling and up-selling of its products and services, thereby increasing its share in the global asset performance management market.

Company Snapshot

$1,027.43M

Revenue

6,500

Employees

1967

Founded

UK

Headquarters

SWOT Analysis

Strengths

Strong brand equity
Wide product and service offerings
Strong financial performance
Strong brand portfolio
Strong revenue growth
Strong R&D

Weaknesses

Increase in operating expenses
Products susceptible to cyber threats
Increasing liabilities

Opportunities

Growing adoption of Software-as-a Service model for products and services
Strategic growth initiatives
Growth of the global automation market

Threats

Intense competition
Cyclical market
Intense Competition
Patent litigation

Key Developments

Date	Approach	Development
March 2022	Partnership	Prime Automation, based in Waterloo, has announced a new collaboration with AVEVA, a business that specializes in software for industrial engineering, design, and information management.
September 2021	Partnership	Schneider and AVEVA have announced a collaboration on industrial software solutions. In order to address its needs for digital transformation, the energy management and automation company Schneider Electric India announced it has signed a distributor partnership agreement with the industrial software company AVEVA.

Product Offering

Aveva Group PLC
- Asset Performance Management System
- Industrial Automation Market

Financial Performance

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