Model Based Enterprise Market

The report "Model Based Enterprise Market by Offering (Solutions, Services), Deployment Type (On-premise, Cloud), Industry (Aerospace, Automotive, Construction, Power & Energy, Food & Beverages, Life Sciences & Healthcare, Marine), Region - Global Forecast to 2029" The global model based enterprise market size is expected to grow from USD 13.6 billion in 2024 to USD 27.1 billion by 2029, at a CAGR of 14.9% from 2024 to 2029. The industrial automation continues to gain traction, which has been changing the economics of manufacturing. The increasing adoption of Industry 4.0 has enabled manufacturers to easily gather and analyze data across machines, as well as create efficient processes to produce higher quality goods at reduced costs. Further, Industry 4.0 fosters the collaboration of various processes in product development, thereby driving the growth of the model based enterprise (MBD) market.

Browse 148 market data Tables and 69 Figures spread through 213 Pages and in-depth TOC on "Model Based Enterprise Market by Offering (Solutions, Services), Deployment Type (On-premise, Cloud), Industry (Aerospace, Automotive, Construction, Power & Energy, Food & Beverages, Life Sciences & Healthcare, Marine), Region - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/model-based-enterprise-market-122038238.html

The market for solutions segment is expected to gain a largest market share during the forecast period.

Solutions include designing, processing, and management software associated with the model based enterprise. Software ecosystems are rapidly evolving with the availability of MBE solutions along with increased capability and improved interoperability in best-in-class offerings such as NX, Creo, and CATIA. New capabilities of software help companies to provide less expensive offerings. For example, SOLIDWORKS MBD software is used in computer enclosures, automotive, consumer electronics, applications, among many others. This new feature of SOLIDWORKS software would allow users to shift their focus from 2D detailing to 3D annotations and 3D views. Further, this 3D content can be easily reused in 2D when drawings are needed.

On-premise segment is expected to hold a substantial market share during the forecast period.

On-premise deployment offers benefits such as enhanced data security, compliance with specific regulations, and customization options tailored to the organization's needs. It also provides greater control over software updates and maintenance processes. While on-premise deployment may require higher initial investments in hardware and IT infrastructure, it can offer long-term cost savings compared to cloud- based solutions, especially for organizations with specific security or compliance requirements.

Automotive application segment to grow at an impressive CAGR during the forecast period.

Automotive is a vast industry that witnesses massive technological developments and innovations at a rapid rate due to the popularity of automotive brands and their ability to deliver excellent customer experience. This aspect of the automotive industry forces MBE providers to incorporate new features in their solutions to cope with the latest technological changes. Industry-specified regulations, security mandates, shipping delays, product errors, design faults, and obsolete technology concerns are a few major challenges faced by this industry. Time to market is the most important concern for automotive companies. Competitive pressure and the need for rapid innovation are the key factors driving the adoption of MBE in the automotive industry. MBE improves production capabilities, thereby eliminating the delays and loss of productivity that occurs due to unavailability of components and machine parts.

North America is expected to hold a significant market share of the model based enterprise market during the forecast period.

The US has the presence of many manufacturers, software developers, and technology providers that play a vital role in the adoption of MBE for various applications. ANSYS, Inc. (US), and PTC (US)are among the few players who offer MBE solutions and services in the US. These players have started offering MBE solutions that form a core part of the digital transformation of various industries. Manufacturers and organizations in this region have a strong focus on the digital transformation of their design operations, especially in terms of completely 3D designs.

Key Players

The key players in this market include Siemens (Germany), PTC (US), Dassault Systèmes (France), SAP (Germany), Autodesk Inc. (US), HCL Technologies Limited (India), Oracle (US) and others.

Don’t miss out on business opportunities in Model Based Enterprise Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]