November 17, 2022. After a record-setting 2021, 2022 has had some pullback in volume. That being said, companies with solid growth and profitability continue to garner strong valuations. Despite the overall slowdown, manufacturing software continues to be of interest to strategics that have not traditionally been in the space, as well as private equity firms that are interested in developing consolidated offerings for specific areas of the manufacturing industry.
Engineering Software Market Update – March 2023
The ecosystem of engineering, as well as manufacturing software, is at an inflection point. Almost all vendors are looking to expand outside their traditional markets, mostly by acquisition. Additionally, new technologies such as electric vehicles are posing new demands, along with new product development challenges for the ecosystem as a whole.