Increasing use of cloud-based technologies and IoT is expected to drive market expansion in the near future at a CAGR of 16.00% during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Model-based Enterprise Market” that contains information from 2019 to 2032. The model-based enterprise market is estimated to register a CAGR of 16.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global model-based enterprise market - Siemens AG, Dassault Systèmes SA, Oracle Corporation, PTC Inc., Aras Corporation, Autodesk Inc., Ansys Inc., Bentley Systems, Incorporated, SAP SE, and IBM Corporation.

Model based Enterprise Market Highlights

The global model-based enterprise market is accounted to register a CAGR of 16.00% during the forecast period and is estimated to reach USD 70.8 billion by 2032.

The main factors propelling the growth of the model-based enterprise market are the increasing use of digital technologies in the oil and gas sector and the increasing application of 3D modeling tools, product lifecycle management (PLM), and other software tools in the electronics and telecommunications industries. In the upcoming years, the model-based enterprise market will have prospects due to the proliferation of technical breakthroughs, the adoption of cloud-based platforms, and the Internet of Things across a wide range of industries.

Segment Analysis

The global model-based enterprise market has been segmented into offering, deployment type, and industry.

On the basis of offering, the market is segmented into Solutions and Services. The solutions segment was attributed to holding the largest market share in 2023. A model-based enterprise (MBE) is a company that distributes and manages data outside of engineering in an MBD environment using PDM and PLM technology. Within the solution category are the model-based design (MBD) tools that end users employ to carry out the MBE strategy that has been extended throughout the organization. The category is expected to have a substantial market share throughout the projected period and to rise gradually due to the increasing use of data intelligence solutions, such as insight engines.

On the basis of deployment type, the market is segmented into Cloud and On-premise. The on-premise segment was attributed to holding the largest market share in 2023. The benefits of on-premise deployment include improved data protection, regulatory compliance, and customization choices based on the needs of the enterprise. Furthermore, it offers enhanced authority over program upgrades and upkeep procedures. In contrast to cloud-based solutions, on-premise implementation can result in longer-term cost benefits, particularly for businesses with strict security or compliance needs, even though it may involve larger initial investments in hardware and IT infrastructure.

Based on industry, the global model-based enterprise market has been segmented into Aerospace, Retail, Automotive, Construction, Food & Beverages, Life Sciences & Healthcare, Power & Energy, Marine, Oil & Gas, Electronics & Telecommunications, and Other Industries. The aerospace segment was expected to hold the largest market share in 2023. Manufacturers of aerospace products effectively handle and securely exchange digital products and related data with businesses engaged in the product development cycle. The cloud platform's cost-saving, scalability, and security advantages are also contributing to its quick adoption in this sector. The aerospace and defense sector always welcomes the acquisition of new technologies. Cloud services provide the needed scalable and adaptable infrastructure. Therefore, by using cloud-based MBE solutions, the aerospace sector can provide improved customer service.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Model Based Enterprise Market Research Report

Regional Analysis

The global model-based enterprise market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe model-based enterprise market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The model-based enterprise market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World model-based enterprise market comprises the Middle East, Africa, and Latin America.

The North American regional sector maintained the largest market share for model-based enterprise. The market is expected to grow due to the increasing number of individuals adopting cars and the increased public awareness of the model-based enterprise. Factors contributing to the rise in MBE demand are the supply of qualified workers in North America and the expanding use of automation and digitalization in manufacturing operations.

Moreover, the Europe market has been persistently growing over the forecast period. In Europe, organizations are at the forefront of adopting new technologies quickly. Examples of these include cloud computing, 3D modeling, and simulation. Their current needs are for MBE solutions to assist them in integrating many technologies and streamlining their new product development processes.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia-Pacific region, where many countries have made large investments in infrastructure and manufacturing, is rapidly industrializing. As a result, there is an increasing need for advanced manufacturing methods like MBE. A number of companies are fighting for market share in industries that are experiencing rapid growth.

Furthermore, the rest of the world's model-based enterprise market is divided into the Middle East, Africa, and Latin America. The rest of the world's model-based enterprise market expansion would be aided throughout the projected period by the growing usage of IoT and cloud-based platforms. Furthermore, the factors propelling the market expansion in this area are the heightened R&D efforts in the IoT and IIoT domains, as well as the rising need for competent and affordable technologies for product manufacturing.

Key Findings of the Study

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  The global model-based enterprise market is expected to reach USD 70.8 billion by 2032, at a CAGR of 16.00% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market. The Asia-Pacific area is industrializing quickly since so many of its nations have made significant investments in manufacturing and infrastructure.

  
  


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  Based on the offering, the solutions segment was attributed to holding the largest market in 2023, with an approximate market share of 45–65%.

  
  


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  Siemens AG, Dassault Systèmes SA, Oracle Corporation, PTC Inc., Aras Corporation, Autodesk Inc., Ansys Inc., Bentley Systems, Incorporated, SAP SE, and IBM Corporation are the key market players.