Engineering Software – 2021

January 22, 2021. MPG actively tracks the Engineering Software landscape and has observed several trends and developments:

• Vendors across the engineering lifecycle are incorporating artificial intelligence capabilities into their offerings to enable predictive design, analysis, and maintenance of products

• Surging consumer & regulatory pressure for “electrified” machines is driving the need for specialized software tools in non-mechanical areas, such as chemistry & battery simulation

• The PLM market continues to consolidate with limited opportunity for pure organic growth given sizable existing installed bases, forcing vendors to explore non-core growth avenues

• Forced remote collaboration has accelerated adoption of publicly hosted SaaS-based products, with “heavy” on-premise tools rapidly losing favor as implementations stall