Model-based Enterprise Market Size & Share, by Offerings (Solutions, Services); Indication (Hypothyroidism, Hypocotisolemia, Hypoventilation, Hypoglycemia, Hypotension); Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Pharmacies); Drug Class (Synthetic, Natural) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4885
  • Published Date: May 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Model-based Enterprise Market size is poised to cross USD 250 Billion by the end of 2035, growing at a CAGR of 24.17% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of model-based enterprise was USD 19 Billion. The growth of the market can be attributed to the growing adoption of the Internet of Things (IoT). In 2022, about 33% of North American and European organizations were integrating IoT technology into their daily operations. By offering more data and insights into product performance and customer behavior, the increased adoption of the Internet of Things (IoT) is anticipated to enhance demand for model-based enterprise (MBE).

The growing adoption of the 5G network is another factor that is set to boost the demand for the model-based enterprise. With less latency and greater capacity, 5G networks are intended to offer faster and more dependable communication. IoT devices would be able to interact more rapidly and effectively, supporting the transmission of bigger data sets. The deployment of Internet of Things (IoT) devices in more remote and rural locations would be possible since to the predicted expansion of 5G networks' coverage over earlier cellular network generations.


Model-based Enterprise Market
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Model-based Enterprise Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 24.17%

Base Year Market Size (2022)

~ USD 19 Billion

Forecast Year Market Size (2035)

~ USD 250 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Model-based Enterprise Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rise in Adoption of Smartphones - Smartphones may be utilized to gather information on a variety of subjects, including consumer behavior, location-based information, and sensor data. With the aid of model-based enterprise (MBE) technologies, these data may be utilized to build digital models that could be examined and improved.
  • Growing Generation of Data - There has been a growing generation of data by organizations across the globe that increased the demand for model-based enterprise. Globally, about 3 quintillion bytes of data are produced every day.
  • Surge in People Working from Home- By 2025, about 35 million individuals in the United States would be remote, an approximately 15 million increase from pre-pandemic data. Businesses require digital tools to support team collaboration and communication as more employees work remotely. Employees could collaborate on design and development projects in every corner of the world using MBE tools to produce digital models that could be accessed and changed by multiple users.
  • Rise in Investment for Industry 4.0- Investments in Industry 4.0 have increased by roughly about 9X during the past ten years and are projected to reach approximately USD 199 billion globally by 2025. The development of MBE in the manufacturing sector is being fueled by the Industry 4.0 program, which aspires to build "smart factories" and more automated, networked industrial processes. By facilitating the development of digital models that could be utilized for automation and optimization, MBE offers a digital basis for Industry 4.0.
  • Upsurge in Consumption of Energy - MBE could aid in reducing energy waste by minimizing energy use during design and manufacture. MBE could assist in identifying places where energy consumption could be decreased by employing simulations and digital models, such as by the use of alternative materials or more effective production techniques.

Challenges

  • Lack of Skilled Workers - One of the obstacles to the implementation of model-based enterprise (MBE) practices is a lack of skilled labor. MBE demands highly qualified personnel with knowledge of the particular industry and product sector, proficiency with digital tools, and the ability to analyze and interpret complicated data. However, new technologies are continually being created, and the MBE sector is constantly changing. Hence, it might be hard for some workers and organizations to keep up with these developments since it requires continual training and education.
  • Lack of Standardization
  • Rise in Cost of Model-based Enterprise


Model-based Enterprise Segmentation

Deployment Mode (On - Premise, Cloud)

Model-based enterprise market from the cloud segment is projected to garner the highest revenue by 2035, driven by the growing adoption of the cloud. In the US, about 93% of businesses employ cloud services, whereas approximately 66% of business infrastructure is now cloud-based. Cloud storage options offer a safe and expandable environment for hosting and distributing MBE data. Also, virtual teams may interact and collaborate in real time owing to cloud-based collaboration technologies. This could facilitate communication, lower error rates, and hasten the product development process. Additionally, engineers and designers may execute intricate simulations and analyses with the help of cloud-based simulation tools without having to spend a lot of money on high-end gear or software.

End User (Aerospace & Defense, Automotive, Construction, Power & Energy, Retail)

The automotive segment in the model-based enterprise market is slated to have significant growth during the forecast period. Model-Based Enterprise (MBE) is a significant technology used to enhance the effectiveness and caliber of the product development process in several key industries, including the automobile industry. MBE gives makers of automobiles a standardized method for creating products, allowing them to improve efficiency and cut down on waste. MBE gives automakers the ability to simulate and evaluate many design possibilities before creating physical prototypes. This results in lower costs and raise overall product quality. MBE could also be used to produce thorough manufacturing plans that contain all the required product data, including design, engineering, and manufacturing information. This could aid in lowering errors and enhancing manufacturing process effectiveness. Additionally, MBE could help to optimize the maintenance and repair process by giving accurate and up-to-date product information.

Our in-depth analysis of the global market includes the following segments:

        Offerings

  • Solutions
  • Services

Deployment Mode

  • On-Premise
  • Cloud

          End User

  • Aerospace & Defense
  • Automotive
  • Construction
  • Power & Energy
  • Retail
 

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Model-based Enterprise Industry - Regional Synopsis

North American Market Forecast   

The model-based enterprise market in North America is poised to have the highest growth by 2035. The growth of the market is backed by the growing adoption of the automobile, along with a surge in awareness among people regarding the model-based enterprise. The growing adoption of digitalization and automation in manufacturing processes. The increased demand for MBE has also been influenced by the availability of skilled individuals in North America. The region offers a big pool of talented engineers and other people with knowledge of sophisticated manufacturing technology, making it an appealing site for businesses interested in implementing MBE practices.

APAC Market Statistics  

The Asia Pacific model-based enterprise market is set to have the highest growth during the forecast timeline. Rapid industrialization is taking place in the Asia-Pacific area, where several nations have made significant investments in manufacturing and infrastructure. The need for advanced manufacturing technologies, such as MBE, is rising as a result. With several businesses vying for market share in quickly expanding business sectors. By increasing the effectiveness of product development and manufacturing, MBE is viewed as a means of gaining a competitive edge. MBE is frequently employed in various sectors to enhance product quality and cut costs.

Research Nester
Model-based Enterprise Market Size
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Companies Dominating the Model-based Enterprise Market

top-features-companies
    • Siemens AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Dassault Systèmes SA
    • PTC Inc.
    • Ansys Inc.
    • Autodesk Inc.
    • SAP SE
    • Aras Corporation
    • Bentley Systems, Incorporated
    • IBM Corporation
    • Oracle Corporation

In-the-news

In The News

  • The technical education initiative "IGnITE" was launched by Siemens AG, the Federal Ministry for Economic Cooperation and Development of the Federal Republic of Germany (BMZ), and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH with assistance from the Ministry of Skill Development and Entrepreneurship of the Government of India (MSDE).
  • Using an advanced AI/IoT platform, Sumitomo Rubber Industries, Ltd., Hitachi, Ltd., and PTC, Inc. are working together to deliver a tire production solution for attaining high-quality, high-efficiency operations across its numerous plants worldwide

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4885
  • Published Date: May 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the rise in the adoption of smartphones, the growing generation of data, the surge in people working from home, and others.

The market size of the model-based enterprise is anticipated to attain a CAGR of 24.17% over the forecast period, i.e., 2023-2035.

Lack of standardization, rise in the cost of model-based enterprise, and end user are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Siemens AG, Dassault Systèmes SAP SE, PTC Inc., Ansys Inc., and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by offerings, deployment, end user, and region.

The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Model-based Enterprise Market Report Scope
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