About Model Based Enterprise
Model-based enterprise can be defined as a strategy which focuses on design clarification using 3D model-based definition during the manufacturing process. MBE includes all the information related to the product & manufacturing for improving the quality of the product & to reduce the cost with better efficiency. This eliminates the 2D conventional model which was being prepared on papers. Several applications of digital technologies in design and manufacturing, developing software capabilities, and increasing adoption of IoT and cloud-based platforms are the key factors that boost the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 14.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Model Based Enterprise market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), General Electric (GE) (United States), PTC, Inc. (United States), Dassault Systèmes SE (France), Autodesk, Inc. (United States), SAP SE (Germany), HCL Technologies Ltd. (India), Oracle Corporation (United States), Aras Corporation (United States) and Anark Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Model Based Enterprise market by and Region.
On the basis of geography, the market of Model Based Enterprise has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Model Based Enterprise market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User Industry, the sub-segment i.e. Aerospace & Defense will boost the Model Based Enterprise market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Solutions will boost the Model Based Enterprise market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Wide-Ranging Applications of Digital Technologies in Design and Manufacturing and Rise in the Applicability of Digital & Virtual Technology within Manufacturing & Designing of the Product for Better Results
Market Growth Drivers:
Evolving Software Capabilities and Rising Adoption of IoT and Cloud-Based Platforms
Challenges:
Lack of Awareness Regarding Newer Technologies
Restraints:
Slow Transition From On-Premise to Cloud-Based Platform
Opportunities:
Growing Prospects of Digitization in Aerospace & Defense Industry and Emerging Concept of Digital Twin and Digital Thread Technologies
Market Leaders and their expansionary development strategies
In April 2024, Quality Information Framework (QIF) Summit along with the highly popular Model-Based Enterprise (MBE) Summit, featuring technical content organized by DMSC and NIST. The event venue will be the Chicago Manufacturing x Digital (MxD) facility. The event will include three and a half days of MBE and QIF technical presentations, panel discussions, and informational sessions from NIST and DMSC.
In April 2023, Siemens Digital Industries Software and IBM (NYSE:IBM) today announced they are expanding their long-term partnership by collaborating to develop a combined software solution integrating their respective offerings for systems engineering, service lifecycle management and asset management.
Key Target Audience
Government research institutes, Academic institutes and universities, Venture capitalists, Government regularity bodies, Private research organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.