Market Update

Manufacturing Software – 2021

October 26, 2021. MPG actively tracks the broader Industrial Technology market and has dedicated significant attention to the Manufacturing Software landscape. We are particularly interested in the rapid development of several trends:

  • Resilient supply chains and manufacturing processes have been foremost strategic priorities for firms as they have navigated COVID disruptions; this has accelerated adoption of Industry 5.0 technologies which enhance productivity, cost optimization and supplier management
  • Skilled manufacturing jobs are primarily filled by an aging workforce with few younger workers receiving necessary training to replace them as they retire; this is driving increased emphasis on human-machine interaction to augment worker productivity
  • Companies are evolving their approach to managing complex discrete manufacturing by utilizing MES and other smart technologies which enable dynamic change management processes; this is especially prevalent in industries such as aerospace & defense
  • SaaS continues to be an attractive model, particularly for technology vendors which are targeting the mid-market; increasing acceptance in enterprise market as well

Practice Leaders

Ralph Verrilli
Managing Director

Michael Magruder
Managing Director

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