September 30, 2021. Madison Park Group (MPG) announced the release of its Manufacturing Software Market Update. Please click here for access to the update report.
Ralph Verrilli and Michael Magruder spearhead MPG’s industrial technology coverage. Mr. Verrilli commented,
“We believe that cloud platforms which drive productivity gains and shop floor intelligence are the primary mechanisms that will deliver operational change at the required speed in the evolving industrial environment. Leading technology companies and the investment community agree, as evidenced by the unprecedented rate of funding and acquisition in 2021.”
Madison Park Group (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
About Madison Park Group
Madison Park Group is a strategic M&A and capital raising advisor to the global software economy. MPG’s dedicated industrial technology team has advised on +40 successful industrial technology transactions and maintains strong relationships with all key strategic players. Within industrial technology, the firm’s manufacturing software practice covers product domains such as manufacturing execution systems, machine analytics, enterprise product costing, manufacturing intelligence and supplier collaboration. The firm’s principals have sat on both sides of the table, advising disruptors, consolidators and incumbents as they navigate strategic initiatives and financial transactions. Industry leaders trust Madison Park Group’s experience in the marketplace.
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