Global Model-Based Enterprise Market is projected to be valued at USD 11.90 billion in 2023, with an anticipated to grow at a robust CAGR of 14.91% over the forecast period from 2024 to 2032. A Model-Based Enterprise (MBE) represents a transformative shift in how companies approach product development and operations, utilizing digital models as the central, authoritative source for all aspects of the lifecycle. This comprehensive strategy enhances accuracy and minimizes errors and also promotes streamlined communication and collaboration across various departments.
The Global Model-Based Enterprise Market is driven by rising adoption of cloud-based platforms has significantly propelled the growth of MBE, as these platforms provide enhanced scalability, flexibility, and real-time data integration capabilities, which are crucial for modern enterprises aiming to maintain a competitive edge. Moreover, the market is poised to benefit from the rising adoption of digital twin and digital thread technologies, which offer companies the opportunity to create a seamless, end-to-end digital environment that integrates product development, manufacturing, and operational data. However, transitioning from on-premises systems to cloud-based platforms poses challenges, particularly concerning data migration and system integration.
The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific is expected to dominate the market share driven by rapid technological advancements and increased adoption of new manufacturing technologies across the region. As industries in Asia Pacific continue to evolve and embrace digital transformation, the Model-Based Enterprise market is anticipated to experience significant growth, offering extensive opportunities for both established players and new entrants.
Major market players included in this report are:
Siemens AG
PTC
Oracle Corporation
International TechneGroup Incorporated
Infor
General Electric
HCL Technologies Limited
Dassault Systemes
Autodesk Inc.
Cisco Systems, Inc.
Aras Corporation
ANSYS, Inc.
Anark Corporation
The detailed segments and sub-segments of the market are explained below:
By Offering:
Solutions
Services
By Deployment Type:
Cloud
On-premise
By Industry:
Aerospace
Automotive
Construction
Retail
Power & Energy
Food & Beverages
Life Sciences & Healthcare
Marine
Oil & Gas
Electronics & Telecommunications
Other Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market
