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Model Based Enterprise Market Share, Growth Drivers And Forecast 2033
Model Based Enterprise Market Share
As per the report, 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 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%.
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Cloud-Based Platforms Driving Growth In The Model-Based Enterprise (MBE) Market
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.
Development Of An Advanced MBE Solution To Enhance Industry 4.0 For Manufacturers
Major companies operating in the model based enterprise market are focusing on developing advanced technologies, such as Web-based technician dashboards, to gain a competitive edge in the market. Web-based technician dashboards related to Model-Based Enterprise (MBE) provide technicians with digital interfaces accessible via web browsers, enabling real-time access to digital models, technical documentation, and operational data. For instance, in November 2021, iBase-t, a US-based software company, announced the launch of a model-based enterprise (MBE) offering to accelerate manufacturers' Industry 4.0 journeys. The initial version of iBASEt's new MBE offering, based on the Solumina iSeries i050, enhances the suite's supplier quality management (SQM) capabilities to resolve quality issues more quickly throughout the supply chain. It also introduces supervisory and web-based technician dashboards for improved sign-on experiences and reporting features, along with a supplier quality portal for better visibility of key performance factors.
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
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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
Contents of the report:
1. Executive Summary
2. Model Based Enterprise Market Report Structure
3. Model Based Enterprise Market Trends And Strategies
4. Model Based Enterprise Market - Macro Economic Scenario
5. Model Based Enterprise Market Size And Growth
…..
27. Model Based Enterprise Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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