Model Based Enterprise Market Insights by Size, Share, Demand, Industry Insights, Opportunities, Growth Rate, CAGR Status Till 2023

(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Jun 03, 2021, 13:29 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

The overall market is expected to grow from USD 8.1 billion in 2018 to USD 21.3 billion by 2023, at a CAGR of 21.17%. Wide-ranging applications of digital technologies in design and manufacturing, evolving software capabilities, and rising adoption of IoT and cloud-based platforms are among a few factors that drive the growth of the said market. The growing prospects of digitization in the aerospace & defense industry and the emerging concept of digital twin and digital thread technologies are the key opportunities in the model based enterprise market. However, the slow transition from the on-premise to cloud-based platform is the major restraining factor for the market growth.

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Siemens AG (Germany), General Electric (GE) (US), PTC, Inc. (US), Dassault Systèmes SE (France), Autodesk, Inc. (US), SAP SE (Germany), HCL Technologies Ltd. (India), Oracle Corporation (US), Aras Corporation (US), and Anark Corporation (US) are a few leading players in the model based enterprise market.

''Market for model based enterprise services expected to grow at higher rate during forecast period”
The market for services is expected to grow at a higher rate than that of the solutions during the forecast period owing to the rising demand for services by end users for the effective working of any software solution,Moreover, services are necessary to increase the efficiency of the entire process in product manufacturing. The demand for management services is increasing as these services help varieties of companies to achieve easy access for model-based enterprise solutions globally.

''On-premise model based enterprise solutions to account for major share of model based enterprise market during forecast period”
The use of an on-premise platform for MBE solutions is the traditional approach. One of the major reasons companies are still adopting this approach is enhanced control over data and enterprise systems as it is physically stored at the server of the enterprise. The on-premise deployment type allows organizations to control their systems and data completely but incurs significant cost on hardware, software, and resources utilized for maintenance. Moreover, the core functionality of on-premise software is restricted and can be used by and customized for one company.

''North America to hold largest size of model based enterprise market during forecast period”
North America is a major region responsible for the growth of the model based enterprise market. The US has the presence of many manufacturers, software developers, and technology providers that play a vital role in the adoption of MBE for various applications. General Electric, ANSYS, and PTC are among a few players who offer MBE solutions and services in the US. These players have started offering MBE solutions that form a core part of the digital transformation of various industries. Manufacturers and organizations in this region have a strong focus on the digital transformation of their design operations, especially in terms of completely 3D designs.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below:

• By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
• By Designation: C-Level Executives – 55%, Managers – 25%, and Others – 10%
• By Region: North America – 20%, Europe – 10%, Asia Pacific – 40%, and RoW – 30%

Research Coverage:

• By offering, the model based enterprise market has been segmented into solutions and services.
• By deployment type, the model based enterprise market has been segmented into on-premise and cloud
• By industry, the model based enterprise market has been segmented into aerospace & defense, automotive, construction, retail, power & energy, food & beverages, life sciences & healthcare, marine, oil & gas, electronics & telecom, process & utility, and others (transportation and machinery & heavy equipment)
• The geographic analysis is done with regard to major 5 regions, namely, North America, Europe, Asia Pacific (APAC), South America, and Rest of the World (RoW).

Reasons to Buy This Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of the model based enterprise market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to model based enterprise market.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The report provides insights on the following pointers:

• Market penetration: Comprehensive information on model based enterprise solutions offered by top players in the overall model based enterprise market
• Product development/innovation: Detailed insights regarding R & D activities, emerging technologies, and product launches in the market
• Market development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for model based enterprise solutions and their adoption across regions
• Market diversification: Exhaustive information about untapped geographies, recent developments, and investments in the overall model based enterprise market
• Competitive assessment: In-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of leading players in the model based enterprise market

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 STUDY OBJECTIVES 16
1.2 DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.4 YEARS CONSIDERED 18
1.5 CURRENCY 18
1.6 LIMITATIONS 18
1.7 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.3 SECONDARY AND PRIMARY RESEARCH 23
2.1.3.1 Key industry insights 24
2.1.3.2 Breakdown of primaries 24
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 25
2.2.1.1 Approach for arriving at market size by bottom-up analysis 25
2.2.2 TOP-DOWN APPROACH 26
2.2.2.1 Approach for capturing market size by top-down analysis 27
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTION 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE OPPORTUNITIES IN MODEL BASED ENTERPRISE MARKET 33
4.2 MODEL BASED ENTERPRISE MARKET, BY DEPLOYMENT TYPE, 2018–2023 33
4.3 MODEL BASED ENTERPRISE MARKET IN NORTH AMERICA,
BY INDUSTRY AND COUNTRY, 2018 34
4.4 MODEL BASED ENTERPRISE MARKET, BY INDUSTRY, 2018–2023 35
4.5 MODEL BASED ENTERPRISE MARKET, BY REGION, 2018–2023 35
5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Wide-ranging applications of digital technologies in design
and manufacturing 37
5.2.1.2 Evolving software capabilities 37
5.2.1.3 Rising adoption of IoT and cloud-based platforms 38
5.2.2 RESTRAINTS 38
5.2.2.1 Slow transition from on-premise to cloud-based platform 38
5.2.3 OPPORTUNITIES 39
5.2.3.1 Growing prospects of digitization in aerospace & defense industry 39
5.2.3.2 Emerging concept of digital twin and digital thread technologies 40
5.2.4 CHALLENGES 40

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