Press release
Cloud-Based Platforms Driving Growth In The Model-Based Enterprise (MBE) Market: Major Factor in the Transformation of the Model Based Enterprise Market in 2025
Model Based Enterprise Market Size
In recent times, the model based enterprise market has seen significant growth. The market value is set to increase from $19.32 billion in 2024 to $22.77 billion in 2025, representing a compound annual growth rate (CAGR) of 17.9%. Factors such as the incorporation of digital twin technology into manufacturing methods, and the rise of Industry 4.0 have contributed to this growth over the historic period.
The predicted size of the model based enterprise market is set to experience a quick expansion over the coming years, escalating to $43.45 billion in 2029 with a compound annual growth rate (CAGR) of 17.5%. This growth throughout the forecasted period can be associated with the broadening of the Internet of Things (IoT) ecosystems that facilitates data amalgamation, an increased focus on interdepartmental teamwork along supply chains, an escalating need for adaptable manufacturing strategies, the flourishing popularity of augmented reality (AR) and virtual reality (VR) in product designing, and the shift to cloud-based platforms that enhance collaboration and scalability. Prominent trends during this forecasted period include a rise in the adoption of model-based systems engineering (MBSE), the incorporation of blockchain technologies to boost data security and trackability, the introduction of digital thread models for comprehensive visibility, a continuous shift towards independent and self-regulating manufacturing systems, and progress in artificial intelligence (AI) for improved predictive analysis.
What Are the Main Catalysts for Growth in the Model Based Enterprise Market?
The growth of the model based enterprise (MBE) market is projected to be driven by the growing uptake of cloud-based platforms. Cloud-based platforms, which are online infrastructures delivering computing resources and services on demand through the internet, are increasingly being adopted due to their scalability, cost-effectiveness, ease of access, and capacity to efficiently support remote work and digital transformation endeavors. These platforms are essential for model-based enterprises (MBE) as they enable fluent collaboration, data accessibility, and scalability for digital product development and lifecycle management. For example, Eurostat, an intergovernmental organization based in Luxembourg, reported in December 2023 that 45.2% of EU enterprises procured cloud computing services principally for managing their email systems, storing electronic files, and conducting miscellaneous tasks. Compared to 2021, there was a 4.2% increase in the purchasing of cloud computing services by EU enterprises in 2023. Thus, the surge in the adoption of cloud-based platforms is fueling the expansion of the model-based enterprise (MBE) market.
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Who Are the Major Industry Players Fueling Model Based Enterprise Market Expansion?
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
Which Key Developments Are Influencing the Model Based Enterprise Market?
The key players in the model-based enterprise market are making strides in developing cutting-edge technologies such as Large-Scale Language Models that employ generative AI and language understanding aptitudes to decipher user intentions and manage workflows. Essentially, Large-Scale Language Models are advanced AI models that are educated on comprehensive datasets, empowering them to comprehend, generate, and handle human language at a proficient level. To illustrate, in July 2024, ZTE Corporation, a telecommunications equipment and systems company situated in China, declared the introduction of the Nebula Telecom Large Model, heralding a new era for highly autonomous networks. This colossal AI model is carved mainly for the telecom industry and aims at amplifying network automation, predictive preservation, and operational prowess. The Nebula Model utilises progressive machine learning algorithms and colossal datasets to underpin autonomous network management, which could assist telecom operators in reducing expenses, enhancing reliability, and offering more adaptive, quick-response services to end-users. Its potential to enable highly autonomous networks (HAN) could inspire advances in 5G, network slicing, and further spheres, establishing a new norm in telecom automation.
How Is the Segmentation of the Model Based Enterprise Market Defined?
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
Subsegments:
1) By Solutions: Product Lifecycle Management (PLM), Digital Twin Solutions, Simulation And Modeling Software, Enterprise Resource Planning (ERP) Integration, Manufacturing Execution Systems (MES)
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
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What Is the Leading Region in the Model Based Enterprise Market?
North America was the largest region in the model-based enterprise market in 2024. 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.
What Is Covered In The Model Based Enterprise Global Market Report?
- Market Size Analysis: Analyze the Model Based Enterprise Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Model Based Enterprise Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Model Based Enterprise Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Model Based Enterprise Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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