Founded in Sweden in 1983, IFS continues to grow year after year, thanks to a subscription model and an international customer base that continues to expand. IFS's performance in 2025 reflects a structural transformation of the industrial software market. The world's largest asset-intensive, service-oriented companies are no longer asking whether AI works. They now want to deploy solutions on a large scale that deliver measurable results in manufacturing, asset maintenance, supply chains, and field services. To do so, they are turning to the market leader for years, valued at €15 billion and present in 90 countries.
In 2025, IFS posted solid results. Its annual recurring revenue grew by 23%, which means that subscription sign-ups increased significantly, providing the Swedish publisher with a stable and predictable revenue base throughout the year. Its cloud revenues increased by 30%, a sign that the cloud continues to position itself as a major solution in the software world.
This growth is driven by several factors, including targeted acquisitions that have nurtured and expanded IFS's expertise. The group has acquired TheLoops, a US company specializing in AI assistants capable of automating complex tasks in demanding industrial sectors, with initial results showing a tenfold increase in team productivity. IFS also acquired London-based 7Bridges, whose technology helps companies better organize their logistics flows and reduce transportation costs using AI. Finally, with Softeon, located in Washington, IFS has strengthened its presence in warehouse management and robotics to offer more seamless and integrated management of the entire supply chain.
"Companies choose IFS because our technology is designed to address industrial complexity and delivers results at scale. As they see the return on investment, they accelerate their deployments and strengthen their commitment. IFS is growing twice as fast as its competitors based on market data published by leading analysts (Gartner Market Share Analysis: ERP Software, Worldwide, 2024; published in June 2025). We are accelerating at the start of 2026, and the gap is widening, " adds Mark Moffat, CEO of IFS.
