Market Update

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

Practice Leaders

Ralph Verrilli
Managing Director

Michael Magruder
Managing Director

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