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.