Overview and Scope
The model based enterprise market consists of revenues earned by entities by providing services such as model-based design (MBD) consulting, system integration, custom simulation services, data management, and governance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Sizing and Forecast
The model based enterprise market size has grown rapidly in recent years. It will grow from $16.44 billion in 2023 to $19.32 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to the integration of digital twin technology into manufacturing processes, industry 4.0 initiatives promoting digital transformation, the evolution of cad/cam software enhancing design capabilities, increasing emphasis on quality control and compliance standards and adoption of product lifecycle management (PLM) systems for efficiency.
The model based enterprise market size is expected to see rapid growth in the next few years. It will grow to $36.98 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to the expansion of the Internet of Things (IoT) ecosystems enabling data integration, greater emphasis on cross-functional collaboration across supply chains, growing demand for agile manufacturing strategies, the rise of augmented reality (AR) and virtual reality (VR) applications in product development and shift towards cloud-based platforms for collaboration and scalability. Major trends in the forecast period include increased adoption of model-based systems engineering (MBSE) practices, integration of blockchain technology for enhanced data security and traceability, the emergence of digital thread concepts for end-to-end visibility, continuous evolution towards autonomous and self-optimizing manufacturing systems and advancements in artificial intelligence (AI) for enhanced predictive analytics.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/model-based-enterprise-global-market-report
Segmentation & Regional Insights
The model based enterprise market covered in this report is segmented –
1) By Offering: Solutions, Services
2) By Deployment Type: Cloud, On-Premise
3) By Industry: Aerospace, Automotive, Construction, Retail, Power And Energy, Food And Beverages, Life Sciences And Healthcare, Marine, Oil And Gas, Other Industries
North America was the largest region in the model based enterprise market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the model based enterprise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16483&type=smp
Major Driver Impacting Market Growth
Increasing adoption of cloud-based platforms is expected to propel the growth of the model based enterprise (MBE) market going forward. A cloud-based platform refers to an online infrastructure that provides access to computing resources and services on demand via the Internet. The adoption of cloud-based platforms is on the rise due to their scalability, cost-efficiency, accessibility, and ability to support remote work and digital transformation initiatives effectively. Cloud-based platforms are integral to model-based enterprise (MBE) as they facilitate seamless collaboration, data accessibility, and scalability for digital product development and lifecycle management. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of EU enterprises purchased cloud computing services, mostly to host their email systems, store electronic files, and accomplish other tasks. Purchases of cloud computing services by EU enterprises increased by 4.2% in 2023 compared to 2021. Therefore, the increasing adoption of cloud-based platforms is driving growth in the model based enterprise (MBE) market.
Key Industry Players
Major companies operating in the model based enterprise market are Siemens AG, Deloitte Touche Tohmatsu Limited, Cisco Systems Inc., SAP SE, HCL Technologies Limited, Wipro Limited, Dassault Systèmes, Autodesk Inc., ITC Infotech India Ltd., Ansys Inc., PTC Inc., Bentley Systems Incorporated, Anaplan Inc., ATS Global, Dayton T. Brown Inc., iBase-t, Automotive Industry Action Group (AIAG), Aras, CoreTechnologie Group, Lattice Technology Inc., Anark Corporation, TFH technical services
The model based enterprise market report table of contents includes:
- Executive Summary
- Model Based Enterprise Market Characteristics
- Model Based Enterprise Market Trends And Strategies
- Model Based Enterprise Market – Macro Economic Scenario
- Global Model Based Enterprise Market Size and Growth
………….
- Global Model Based Enterprise Market Competitive Dashboard
- Key Mergers And Acquisitions In The Model Based Enterprise Market
- Model Based Enterprise Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Model Based Enterprise Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Model Based Enterprise Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Model Based Enterprise Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……….
Table 74: Siemens AG Financial Performance
Table 75: Deloitte Touche Tohmatsu Limited Financial Performance
Table 76: Cisco Systems Inc. Financial Performance
Table 77: SAP SE Financial Performance
Table 78: HCL Technologies Limited Financial Performance
Explore the trending research reports from TBRC:
https://goodprnews.com/virtual-reality-vr-in-medical-simulation-market-size/
https://topprnews.com/visual-positioning-system-market-size/
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
