Press release
Cloud-Based Platforms Driving Growth In The Model-Based Enterprise (MBE) Market: A Key Driver Powering Model Based Enterprise Market Growth In 2025
Model Based Enterprise
What Is the Current Model Based Enterprise Market Size and Its Estimated Growth Rate?
The model based enterprise market size has expanded rapidly in recent years. It is projected to grow from $19.32 billion in 2024 to $22.77 billion in 2025 at a CAGR of 17.9%. Growth in the historical period was driven by the integration of digital twin technologies into manufacturing and advancements linked to Industry 4.0.
The model-based enterprise market is expected to see rapid growth, projected to reach $43.45 billion by 2029, at a CAGR of 17.5%. Growth drivers include the expansion of the IoT ecosystem for data integration, increased focus on cross-functional collaboration across supply chains, the rising demand for agile manufacturing strategies, the growth of AR and VR applications in product development, and the shift towards cloud-based platforms for collaboration and scalability. Key trends include the adoption of model-based systems engineering (MBSE) practices, integration of blockchain for enhanced data security, the emergence of digital thread concepts, advancements in AI for predictive analytics, and continuous development of autonomous, self-optimizing manufacturing systems.
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How Are Emerging Segments Shaping the Model Based Enterprise Market Landscape?
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 HealTH*Care, 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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Which Growth Factors Are Influencing Model Based Enterprise Market Expansion?
Increasing adoption of cloud-based platforms is expected to propel the growth of the model-based enterprise (MBE) market. Cloud-based platforms enable businesses to collaborate, access data remotely, and scale operations effectively. This is particularly important for MBE, which focuses on digital product development and lifecycle management. According to Eurostat, 45.2% of EU enterprises purchased cloud computing services in 2023, an increase of 4.2% compared to 2021. As cloud adoption grows, the MBE market is expected to benefit from enhanced collaboration and data accessibility.
Who Are the Dominant Players Across Different Model Based Enterprise Market Segments?
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
What Are the Latest Developing Trends in the Model Based Enterprise Market?
Companies in the model-based enterprise market are implementing Large-Scale Language Models to improve automation and workflow interpretation. In July 2024, ZTE Corporation, a China-based telecom company, introduced the Nebula Telecom Large Model, enhancing automation and efficiency in network operations using AI to reduce costs and support adaptive services.
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Which Geographic Regions Are Expected to Dominate the Model Based Enterprise Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Model Based Enterprise Market?
2. What is the CAGR expected in the Model Based Enterprise Market?
3. What Are the Key Innovations Transforming the Model Based Enterprise Industry?
4. Which Region Is Leading the Model Based Enterprise Market?
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