Global Model Based Enterprise Market, By Offering (Solutions, Services), By Deployment Method (On-Pr

Published Date: | Report Code : IT1958396


Model Based Enterprise Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as IT & aerospace. 

Segment Analysis

The model-based enterprise market is segmented on the basis of the offering, the deployment method, and the end-users.

On the basis of the offering, the market is bifurcated into solutions and services. The solutions offering has been more in demand as compared to the services, as the solutions are being implemented in the product lifecycle management so that data can be accessed in real-time.
Based on the deployment method, the market is bifurcated into on-premise, and cloud. Cloud-based deployment is a more common trend in recent times as this has a variety of benefits such as supply chain collaboration, planning, and execution of quality inspection and manufacturing process, engineering release, and product service operations. They also help facilitate data integration and provide security, flexibility, and scalability to the MBE solution

By the basis of the end-users of the model-based enterprise market, the division is Automotive, Aerospace & Defense, Power & Energy, Retail, Construction, and Food & Beverages.

Based on the region, the North American region is anticipated to have the largest share. This is because many major companies have their presence in the region, and they are aiming to strengthen their positions. Organizations such as the DMDII (Digital Manufacturing and Design Innovation Institute) are aiming to transform the manufacturing sector in America by the provision of digital assistance. They have also received the necessary funding from the US Government to aid them in this endeavor.

Key Factors Impacting Market Growth:
    • Growing demand for efficient manufacturing process
    • Rising Adoption of IoT (Internet of Things)

Key Developments:

    • In June 2018, Siemens AG (Germany) collaborated with Process Systems Enterprise (PSE) (UK) for the integration of PSE's 
      leading technology called gPROMS APM technology, into automation and digitalization of process industries
    • In August 2018, Mendix, Inc. (US) was acquired by Siemens (Germany), to enhance their Digital Enterprise and MindSphere 

Regional Analysis:

By region, the model-based enterprise market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. 

Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for model-based enterprise market.Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the model-based enterprise market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: Siemens AG, SAP SE, General Electric, HCL Technologies Ltd., PTC Inc, Dassault Systèmes SE, Autodesk, Inc., Oracle Corporation, Aras Corporation, and Anark Corporation...

Market Segmentation:
By Offering:
    • Solutions
    • Services

By Deployment Method:
    • On-Premise
    • Cloud

By End Users:
    • Automotive
    • Aerospace & Defense
    • Power & Energy
    • Retail
    • Construction
    • Food & Beverages

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Offering
        ◦ By Deployment Method
        ◦ By End Users
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe) 
        ◦ By Offering
        ◦ By Deployment Method
        ◦ By End Users 
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe) 
        ◦ By Offering
        ◦ By Deployment Method
        ◦ By End Users
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific) 
        ◦ By Offering
        ◦ By Deployment Method
        ◦ By End Users
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East) 
        ◦ By Offering
        ◦ By Deployment Method
        ◦ By End Users
    • Rest of the World
        ◦ By Region (South America, Africa) 
        ◦ By Offering
        ◦ By Deployment Method
        ◦ By End Users

Reasons To Buy This Report:
    • Market size estimation of the global Model Based Enterprise Market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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