January 22, 2020. Madison Park Group (MPG) announced the release of its Engineering Software Market Update. Please click here for access to the update report.
MPG’s Engineering Software practice is spearheaded by Ralph Verrilli, Michael Magruder, and Drew Ogden. Mr. Verrilli commented, “In response to the global pandemic, the world has come to appreciate the strategic impact of engineering and manufacturing technology on our global economy. Strategic acquirers with ample capital are aggressively making acquisitions to complete Industry 4.0 platforms. These companies will fill product voids in extremely focused domains, as well as make acquisitions which allow then to gain footholds outside of their traditional markets. Private equity investors are also now aggressively pursuing engineering and manufacturing technology companies they believe will be critical to the evolution of Industry 4.0.”
Madison Park Group (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
Madison Park Group is a strategic M&A and capital raising advisor to the global software economy. The firm’s engineering software practice focuses on applications catered to product development groups across both discrete and process manufacturing enterprises. The firm’s principals have sat on both sides of the table, advising disruptors, consolidators, and incumbents as they navigate strategic initiatives. Industry leaders trust Madison Park Group’s experience in the marketplace.
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