Press release
Global Model Based Enterprise Industry Outlook 2025-2029: Market Set to Cross $41.92 Billion Milestone
Model Based Enterprise Market
Model Based Enterprise Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the model-based enterprise has witnessed a swift expansion recently. It is projected to escalate from $19.32 billion in 2024 to $22.77 billion in 2025, adhering to a compound annual growth rate (CAGR) of 17.9%. The substantial growth in the historic period is the result of incorporating digital twin technology into manufacturing operations, commonly known as industry 4.
Model Based Enterprise Market Size Forecast: What's the Projected Valuation by 2029?
The projected increase in the model based enterprise market size is anticipated to be swift in the coming years, escalating to $41.92 billion in 2029 with a compound annual growth rate (CAGR) of 16.5%. Factors contributing to this surge during the projected period include the amplification of Internet of Things (IoT) ecosystems facilitating data harmonization, an increased focus on interdisciplinary collaboration throughout supply chains, a rising need for flexible manufacturing methodologies, the emergence of augmented reality (AR) and virtual reality (VR) applications in product innovation and a transition towards cloud-oriented platforms for collaboration and scalability. Major trends for the forecast period encompass enhanced application of model-based systems engineering (MBSE) methodologies, the integration of blockchain technology for improved data protection and traceability, the advent of digital thread concepts for comprehensive visibility, continuous progress towards independent and self-regulating manufacturing systems, and advancements in artificial intelligence (AI) for superior predictive analytics.
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What Are the Drivers Transforming the Model Based Enterprise Market?
The escalating usage of cloud-based platforms is anticipated to drive the expansion of the model based enterprise (MBE) market. The term cloud-based platform is associated with an online infrastructure that supplies on-demand access to computational resources and services via the Internet. The uptake of these platforms is scaling due to their noteworthy scalability, cost-effectiveness, widespread accessibility, and their efficient support to remote work and digital transformation initiatives. These platforms are central to the model-based enterprise (MBE) as they enable effortless collaboration, data access, and scalability for digital product development and lifecycle administration. For example, as per Eurostat, a Luxembourg-based intergovernmental organization, in December 2023, 45.2% of EU enterprises availed cloud computing services, primarily to host their email systems, to save electronic files, and to execute other functions. The procurement of cloud computing services by EU enterprises observed an increment of 4.2% in 2023 compared to 2021. Hence, the persistent upswing in the adoption of cloud-based platforms is catalyzing the growth trajectory of the model-based enterprise (MBE) market.
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What Long-Term Trends Will Define the Future of the Model Based Enterprise Market?
Key enterprises involved in the model-based enterprise arena are prioritizing the innovation of cutting-edge technologies like Large-Scale Language Models. These implement generative AI and language comprehension functions to discern user objectives and administer workflows. Large-Scale Language Models are highly developed AI models that are trained using huge datasets, thereby equipping them to generate, comprehend, and process human language proficiently. An example of this was seen in July 2024 when ZTE Corporation, a Chinese telecommunications equipment and systems enterprise, unveiled the Nebula Telecom Large Model, inaugurating a fresh approach to highly autonomous network systems. This AI model, crafted specifically for the telecom sector, aims to amplify network automation, predictive maintenance, and operational efficiency. Utilizing progressive machine learning systems and extensive datasets, the Nebula Model supports self-managing network systems that could assist telecom operators to reduce expenditure, enhance dependability, and offer more adaptive, responsive offerings to consumers. Its capability to facilitate highly autonomous networks may spearhead advancements in 5G, network slicing, and more, establishing a fresh benchmark in telecom automation.
Which Segments in the Model Based Enterprise Market Offer the Most Profit Potential?
The model based enterprisemarket 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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Which Firms Dominate the Model Based Enterprise Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential 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.
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