The Global Model Based Enterprise Market size is expected to reach $34.5 billion by 2031, rising at a market growth of 14.5% CAGR during the forecast period.
The food and beverages industry is characterized by continuous product innovation and development to meet changing consumer preferences, dietary trends, and regulatory requirements. MBE solutions enable food and beverage companies to design, simulate, and optimize new products in a digital environment before they are produced. Consequently, the food & beverages segment would acquire nearly, 7% of the total market share by 2031. MBEs reduces time-to-market, minimizes product development costs, and enhances the competitiveness of food and beverage companies in the market.
Digital transformation involves integrating digital technology into all business areas, fundamentally changing how the company operates and delivers value to customers. Moreover, digital transformation often involves adopting emerging technologies such as cloud computing, artificial intelligence, and the Internet of Things (IoT). Hence, increasing digital transformation initiatives are driving the market's growth. Additionally, modern 3D modeling technologies offer more sophisticated and realistic representations of products and processes. Also, 3D modeling tools enable stakeholders across different departments and functions to collaborate more effectively by providing a platform for visualizing and interacting with digital models. In conclusion, increasing 3D modeling and simulation technology advancements propel the market's growth.
However, Implementing MBE often requires investment in specialized software tools for 3D modeling, simulation, data management, and collaboration. Moreover, while the initial purchase of MBE software is a significant investment, ongoing licensing and subscription fees can pose a challenge for organizations, especially those operating on tight budgets. Thus, high initial investment costs are hampering the market's growth.
By Offering Analysis
Based on offering, the market is divided into solution and services. The services segment attained a 36% revenue share in the market in 2023. Implementing MBE solutions involves significant technical expertise and organizational change management. Many companies lack the internal resources and expertise to implement MBE solutions effectively. As a result, they turn to service providers with specialized knowledge and experience in MBE implementation to assist them in deploying, customizing, and integrating MBE solutions into their existing workflows.
By Deployment Mode Analysis
On the basis of deployment mode, the market is segmented into cloud and on-premise. The cloud segment recorded a 37.55% revenue share in the market in 2023. Cloud-based MBE solutions offer scalability and flexibility, allowing organizations to scale their infrastructure up or down based on demand. This scalability is particularly beneficial for organizations with fluctuating workloads or seasonal variations in business activity. Cloud-based MBE solutions enable organizations to easily add or remove resources as needed without large upfront investments in hardware or infrastructure.
By Vertical Analysis
By vertical, the market is divided into aerospace, electronics & telecommunications, construction, healthcare & lifesciences, food & beverages, marine, oil & gas, automotive, and others. The automotive segment procured a 17% revenue share in the market in 2023. The automotive industry is characterized by intense competition and rapidly changing consumer preferences, driving the need for shorter product development cycles. MBE solutions enable automotive companies to accelerate product development by facilitating collaboration, simulation, and optimization of vehicle designs. Growing automotive sector is increasing the demand for the MBE solution.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed a 37% revenue share in the market in 2023. North America is home to some of the most advanced manufacturing industries, including aerospace, automotive, electronics, and defense. These industries have embraced digital transformation and are early adopters of MBE solutions to improve efficiency, quality, and innovation in their operations.
List of Key Companies Profiled
- Siemens AG
- PTC, Inc.
- Dassault Systemes SE
- SAP SE
- HCL Technologies Ltd. (HCL Enterprises)
- Oracle Corporation
- Wipro Limited
- ANSYS, Inc.
- General Electric Company
- Cisco Systems, Inc.
Global Model Based Enterprise Market Report Segmentation
By Offering
By Deployment Mode
By Vertical
- Aerospace
- Electronics & Telecommunications
- Construction
- Healthcare & Lifesciences
- Food & Beverages
- Marine
- Oil & Gas
- Automotive
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Model Based Enterprise Market, by Offering
- 1.4.2Global Model Based Enterprise Market, by Deployment Mode
- 1.4.3Global Model Based Enterprise Market, by Vertical
- 1.4.4Global Model Based Enterprise Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis- Global
- 4.1Market Share Analysis, 2023
- 4.2Porter Five Forces Analysis
Chapter 5.Global Model Based Enterprise Market by Offering
- 5.1Global Solution Market by Region
- 5.2Global Services Market by Region
Chapter 6.Global Model Based Enterprise Market by Deployment Mode
- 6.1Global On-premise Market by Region
- 6.2Global Cloud Market by Region
Chapter 7.Global Model Based Enterprise Market by Vertical
- 7.1Global Aerospace Market by Region
- 7.2Global Electronics & Telecommunications Market by Region
- 7.3Global Construction Market by Region
- 7.4Global Healthcare & Lifesciences Market by Region
- 7.5Global Food & Beverages Market by Region
- 7.6Global Marine Market by Region
- 7.7Global Oil & Gas Market by Region
- 7.8Global Automotive Market by Region
- 7.9Global Others Market by Region
Chapter 8.Global Model Based Enterprise Market by Region
- 8.1North America Model Based Enterprise Market
- 8.1.1North America Model Based Enterprise Market by Offering
- 8.1.1.1North America Solution Market by Region
- 8.1.1.2North America Services Market by Region
- 8.1.2North America Model Based Enterprise Market by Deployment Mode
- 8.1.2.1North America On-premise Market by Country
- 8.1.2.2North America Cloud Market by Country
- 8.1.3North America Model Based Enterprise Market by Vertical
- 8.1.3.1North America Aerospace Market by Country
- 8.1.3.2North America Electronics & Telecommunications Market by Country
- 8.1.3.3North America Construction Market by Country
- 8.1.3.4North America Healthcare & Lifesciences Market by Country
- 8.1.3.5North America Food & Beverages Market by Country
- 8.1.3.6North America Marine Market by Country
- 8.1.3.7North America Oil & Gas Market by Country
- 8.1.3.8North America Automotive Market by Country
- 8.1.3.9North America Others Market by Country
- 8.1.4North America Model Based Enterprise Market by Country
- 8.1.4.1US Model Based Enterprise Market
- 8.1.4.1.1US Model Based Enterprise Market by Offering
- 8.1.4.1.2US Model Based Enterprise Market by Deployment Mode
- 8.1.4.1.3US Model Based Enterprise Market by Vertical
- 8.1.4.2Canada Model Based Enterprise Market
- 8.1.4.2.1Canada Model Based Enterprise Market by Offering
- 8.1.4.2.2Canada Model Based Enterprise Market by Deployment Mode
- 8.1.4.2.3Canada Model Based Enterprise Market by Vertical
- 8.1.4.3Mexico Model Based Enterprise Market
- 8.1.4.3.1Mexico Model Based Enterprise Market by Offering
- 8.1.4.3.2Mexico Model Based Enterprise Market by Deployment Mode
- 8.1.4.3.3Mexico Model Based Enterprise Market by Vertical
- 8.1.4.4Rest of North America Model Based Enterprise Market
- 8.1.4.4.1Rest of North America Model Based Enterprise Market by Offering
- 8.1.4.4.2Rest of North America Model Based Enterprise Market by Deployment Mode
- 8.1.4.4.3Rest of North America Model Based Enterprise Market by Vertical
- 8.2Europe Model Based Enterprise Market
- 8.2.1Europe Model Based Enterprise Market by Offering
- 8.2.1.1Europe Solution Market by Country
- 8.2.1.2Europe Services Market by Country
- 8.2.2Europe Model Based Enterprise Market by Deployment Mode
- 8.2.2.1Europe On-premise Market by Country
- 8.2.2.2Europe Cloud Market by Country
- 8.2.3Europe Model Based Enterprise Market by Vertical
- 8.2.3.1Europe Aerospace Market by Country
- 8.2.3.2Europe Electronics & Telecommunications Market by Country
- 8.2.3.3Europe Construction Market by Country
- 8.2.3.4Europe Healthcare & Lifesciences Market by Country
- 8.2.3.5Europe Food & Beverages Market by Country
- 8.2.3.6Europe Marine Market by Country
- 8.2.3.7Europe Oil & Gas Market by Country
- 8.2.3.8Europe Automotive Market by Country
- 8.2.3.9Europe Others Market by Country
- 8.2.4Europe Model Based Enterprise Market by Country
- 8.2.4.1Germany Model Based Enterprise Market
- 8.2.4.1.1Germany Model Based Enterprise Market by Offering
- 8.2.4.1.2Germany Model Based Enterprise Market by Deployment Mode
- 8.2.4.1.3Germany Model Based Enterprise Market by Vertical
- 8.2.4.2UK Model Based Enterprise Market
- 8.2.4.2.1UK Model Based Enterprise Market by Offering
- 8.2.4.2.2UK Model Based Enterprise Market by Deployment Mode
- 8.2.4.2.3UK Model Based Enterprise Market by Vertical
- 8.2.4.3France Model Based Enterprise Market
- 8.2.4.3.1France Model Based Enterprise Market by Offering
- 8.2.4.3.2France Model Based Enterprise Market by Deployment Mode
- 8.2.4.3.3France Model Based Enterprise Market by Vertical
- 8.2.4.4Russia Model Based Enterprise Market
- 8.2.4.4.1Russia Model Based Enterprise Market by Offering
- 8.2.4.4.2Russia Model Based Enterprise Market by Deployment Mode
- 8.2.4.4.3Russia Model Based Enterprise Market by Vertical
- 8.2.4.5Spain Model Based Enterprise Market
- 8.2.4.5.1Spain Model Based Enterprise Market by Offering
- 8.2.4.5.2Spain Model Based Enterprise Market by Deployment Mode
- 8.2.4.5.3Spain Model Based Enterprise Market by Vertical
- 8.2.4.6Italy Model Based Enterprise Market
- 8.2.4.6.1Italy Model Based Enterprise Market by Offering
- 8.2.4.6.2Italy Model Based Enterprise Market by Deployment Mode
- 8.2.4.6.3Italy Model Based Enterprise Market by Vertical
- 8.2.4.7Rest of Europe Model Based Enterprise Market
- 8.2.4.7.1Rest of Europe Model Based Enterprise Market by Offering
- 8.2.4.7.2Rest of Europe Model Based Enterprise Market by Deployment Mode
- 8.2.4.7.3Rest of Europe Model Based Enterprise Market by Vertical
- 8.3Asia Pacific Model Based Enterprise Market
- 8.3.1Asia Pacific Model Based Enterprise Market by Offering
- 8.3.1.1Asia Pacific Solution Market by Country
- 8.3.1.2Asia Pacific Services Market by Country
- 8.3.2Asia Pacific Model Based Enterprise Market by Deployment Mode
- 8.3.2.1Asia Pacific On-premise Market by Country
- 8.3.2.2Asia Pacific Cloud Market by Country
- 8.3.3Asia Pacific Model Based Enterprise Market by Vertical
- 8.3.3.1Asia Pacific Aerospace Market by Country
- 8.3.3.2Asia Pacific Electronics & Telecommunications Market by Country
- 8.3.3.3Asia Pacific Construction Market by Country
- 8.3.3.4Asia Pacific Healthcare & Lifesciences Market by Country
- 8.3.3.5Asia Pacific Food & Beverages Market by Country
- 8.3.3.6Asia Pacific Marine Market by Country
- 8.3.3.7Asia Pacific Oil & Gas Market by Country
- 8.3.3.8Asia Pacific Automotive Market by Country
- 8.3.3.9Asia Pacific Others Market by Country
- 8.3.4Asia Pacific Model Based Enterprise Market by Country
- 8.3.4.1China Model Based Enterprise Market
- 8.3.4.1.1China Model Based Enterprise Market by Offering
- 8.3.4.1.2China Model Based Enterprise Market by Deployment Mode
- 8.3.4.1.3China Model Based Enterprise Market by Vertical
- 8.3.4.2Japan Model Based Enterprise Market
- 8.3.4.2.1Japan Model Based Enterprise Market by Offering
- 8.3.4.2.2Japan Model Based Enterprise Market by Deployment Mode
- 8.3.4.2.3Japan Model Based Enterprise Market by Vertical
- 8.3.4.3India Model Based Enterprise Market
- 8.3.4.3.1India Model Based Enterprise Market by Offering
- 8.3.4.3.2India Model Based Enterprise Market by Deployment Mode
- 8.3.4.3.3India Model Based Enterprise Market by Vertical
- 8.3.4.4South Korea Model Based Enterprise Market
- 8.3.4.4.1South Korea Model Based Enterprise Market by Offering
- 8.3.4.4.2South Korea Model Based Enterprise Market by Deployment Mode
- 8.3.4.4.3South Korea Model Based Enterprise Market by Vertical
- 8.3.4.5Australia Model Based Enterprise Market
- 8.3.4.5.1Australia Model Based Enterprise Market by Offering
- 8.3.4.5.2Australia Model Based Enterprise Market by Deployment Mode
- 8.3.4.5.3Australia Model Based Enterprise Market by Vertical
- 8.3.4.6Malaysia Model Based Enterprise Market
- 8.3.4.6.1Malaysia Model Based Enterprise Market by Offering
- 8.3.4.6.2Malaysia Model Based Enterprise Market by Deployment Mode
- 8.3.4.6.3Malaysia Model Based Enterprise Market by Vertical
- 8.3.4.7Rest of Asia Pacific Model Based Enterprise Market
- 8.3.4.7.1Rest of Asia Pacific Model Based Enterprise Market by Offering
- 8.3.4.7.2Rest of Asia Pacific Model Based Enterprise Market by Deployment Mode
- 8.3.4.7.3Rest of Asia Pacific Model Based Enterprise Market by Vertical
- 8.4LAMEA Model Based Enterprise Market
- 8.4.1LAMEA Model Based Enterprise Market by Offering
- 8.4.1.1LAMEA Solution Market by Country
- 8.4.1.2LAMEA Services Market by Country
- 8.4.2LAMEA Model Based Enterprise Market by Deployment Mode
- 8.4.2.1LAMEA On-premise Market by Country
- 8.4.2.2LAMEA Cloud Market by Country
- 8.4.3LAMEA Model Based Enterprise Market by Vertical
- 8.4.3.1LAMEA Aerospace Market by Country
- 8.4.3.2LAMEA Electronics & Telecommunications Market by Country
- 8.4.3.3LAMEA Construction Market by Country
- 8.4.3.4LAMEA Healthcare & Lifesciences Market by Country
- 8.4.3.5LAMEA Food & Beverages Market by Country
- 8.4.3.6LAMEA Marine Market by Country
- 8.4.3.7LAMEA Oil & Gas Market by Country
- 8.4.3.8LAMEA Automotive Market by Country
- 8.4.3.9LAMEA Others Market by Country
- 8.4.4LAMEA Model Based Enterprise Market by Country
- 8.4.4.1Brazil Model Based Enterprise Market
- 8.4.4.1.1Brazil Model Based Enterprise Market by Offering
- 8.4.4.1.2Brazil Model Based Enterprise Market by Deployment Mode
- 8.4.4.1.3Brazil Model Based Enterprise Market by Vertical
- 8.4.4.2Argentina Model Based Enterprise Market
- 8.4.4.2.1Argentina Model Based Enterprise Market by Offering
- 8.4.4.2.2Argentina Model Based Enterprise Market by Deployment Mode
- 8.4.4.2.3Argentina Model Based Enterprise Market by Vertical
- 8.4.4.3UAE Model Based Enterprise Market
- 8.4.4.3.1UAE Model Based Enterprise Market by Offering
- 8.4.4.3.2UAE Model Based Enterprise Market by Deployment Mode
- 8.4.4.3.3UAE Model Based Enterprise Market by Vertical
- 8.4.4.4Saudi Arabia Model Based Enterprise Market
- 8.4.4.4.1Saudi Arabia Model Based Enterprise Market by Offering
- 8.4.4.4.2Saudi Arabia Model Based Enterprise Market by Deployment Mode
- 8.4.4.4.3Saudi Arabia Model Based Enterprise Market by Vertical
- 8.4.4.5South Africa Model Based Enterprise Market
- 8.4.4.5.1South Africa Model Based Enterprise Market by Offering
- 8.4.4.5.2South Africa Model Based Enterprise Market by Deployment Mode
- 8.4.4.5.3South Africa Model Based Enterprise Market by Vertical
- 8.4.4.6Nigeria Model Based Enterprise Market
- 8.4.4.6.1Nigeria Model Based Enterprise Market by Offering
- 8.4.4.6.2Nigeria Model Based Enterprise Market by Deployment Mode
- 8.4.4.6.3Nigeria Model Based Enterprise Market by Vertical
- 8.4.4.7Rest of LAMEA Model Based Enterprise Market
- 8.4.4.7.1Rest of LAMEA Model Based Enterprise Market by Offering
- 8.4.4.7.2Rest of LAMEA Model Based Enterprise Market by Deployment Mode
- 8.4.4.7.3Rest of LAMEA Model Based Enterprise Market by Vertical
Chapter 9.Company Profiles
- 9.1PTC, Inc.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Research & Development Expenses
- 9.1.4Recent strategies and developments:
- 9.1.4.1Partnerships, Collaborations, and Agreements:
- 9.1.4.2Acquisition and Mergers:
- 9.2ANSYS, Inc.
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Regional Analysis
- 9.2.4Research & Development Expenses
- 9.3Dassault Systemes SE
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5Recent strategies and developments:
- 9.3.5.1Partnerships, Collaborations, and Agreements:
- 9.3.5.2Product Launches and Product Expansions:
- 9.3.6SWOT Analysis
- 9.4SAP SE
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5SWOT Analysis
- 9.5HCL Technologies Ltd. (HCL Enterprises)
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expenses
- 9.5.5SWOT Analysis
- 9.6Oracle Corporation
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5SWOT Analysis
- 9.7Wipro Limited
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expenses
- 9.7.5SWOT Analysis
- 9.8General Electric Company
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expense
- 9.8.5SWOT Analysis
- 9.9Cisco Systems, Inc.
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5SWOT Analysis
- 9.10.Siemens AG
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5Recent strategies and developments:
- 9.10.5.1Product Launches and Product Expansions:
- 9.10.5.2Acquisition and Mergers:
- 9.10.6SWOT Analysis
Chapter 10.Winning Imperatives for Model Based Enterprise Market