Model Based Enterprise Market by Offering (Solutions, Services), Deployment Type (On-Premise, Cloud), Industry (Aerospace & Defense, Automotive, Construction, Retail, Power & Energy, Food & Beverages) and Geography - Global Forecast to 2023
The model based enterprise market report share is estimated to be USD 8.1 billion in 2018 and expected to reach USD 21.3 billion by 2023, at a CAGR of 21.17% from 2018 to 2023.
Wide-ranging applications of digital technologies in design and manufacturing, and evolving software capabilities are a few major driving factors propelling market growth.
Model Based Enterprise Market Segment Overview
“Solutions segment to hold larger size of the overall model based enterprise market based on offerings during forecast period”
At present, software ecosystems are rapidly evolving, along with MBE capabilities and interoperability. For instance, cloud-based PLM solutions are increasingly being deployed by enterprises across the world. Cloud-based implementation models, including MBE, are capable of lowering costs by eliminating the need for infrastructure investments, as well as can increase scalability and accessibility to information, processes, and functions.
A few major players such as Dassault Systèmes, Siemens, and PTC offer product life cycle management (PLM) solutions with new capabilities. The PLM architecture can be easily integrated with high-performance visualization technologies to access all data in real time. Therefore, MBE solutions to account for larger market size in the coming years.
“Market for cloud-based MBE solutions to grow at highest rate during forecast period”
A cloud application framework supports a wide variety of use cases in engineering release, supply chain collaboration, quality inspection planning and execution, manufacturing process planning and execution, and product service operations. MBE solutions are designed to collaborate with the cloud-based framework to facilitate data integration for the development of 3D models, thereby providing flexibility, security, and scalability throughout the process. A few major players such as PTC, Dassault, HCL, and Siemens offer cloud-based services for MBE to enhance their business models and increase competitiveness in the market.
“North America to account for largest market share during forecast period”
North America is expected to continue to account for the largest share of the overall model based enterprise market, in terms of value, in 2018, owing to the presence of key players such as PTC, GE, Autodesk, and Aras in the region. These companies are adopting various growth strategies to strengthen their position in the market. For example, the Digital Manufacturing and Design Innovation Institute (DMDII) has the capabilities, innovative spirit, and collaborative expertise to transform the American manufacturing sector by offering assistance in the digital revolution. DMDII has received funds from the US Federal Government for its R&D, which aims to demonstrate Siemens tools that represent processes ranging from product design to production.
Key Market Players in Model Based Enterprise Market
Major vendors in the global model based enterprise market are 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).
Siemens AG is a global technology provider with core activities in the fields of electrification, automation, and digitalization. The company focuses exclusively on research and development (R&D) activities that primarily involve the development of innovative, sustainable solutions. These would increase the business of the company, simultaneously safeguarding its competitiveness. R&D activities of the Power and Gas division of the company involve developing innovative products and solutions for enhancing efficiency, flexibility, and economy in the power generation and oil & gas industries.
Autodesk, Inc. is a multinational software corporation that develops software for the architecture, engineering, construction, manufacturing, media, and entertainment industries. The company has invested in building a strong brand portfolio. Autodesk makes educational versions of its software available, at no cost, for qualified students and faculty through the Autodesk Education Community and as a donation to eligible nonprofit organizations through TechSoup Global. Autodesk's digital prototyping software include Autodesk Inventor LT Suite, Fusion 360, and Autodesk Design Suite, which are used to visualize, simulate, and analyze real-world performance using a digital model in the design process.
Model Based Enterprise Market Report Scope :
|
Report Metric |
Details |
| Market Size Value in 2018 | USD 8.1 Billion |
| Revenue Forecast in 2023 | USD 21.3 Billion |
| Growth Rate | 21.17% |
| Forecast period |
2018–2023 |
|
Market size available for years |
2015–2023 |
|
Base year consider for the study |
2017 |
|
Segments covered |
|
|
Region Covered |
|
|
Market Leaders |
|
| Largest Growing Region | North America |
| Largest Market Share Segment | Solutions segment |
| Highest CAGR Segment | Cloud-based MBE solutions |
This research report categorizes the model based enterprise market based on offering, deployment type, industry, and region.
Model Based Enterprise Market, by Offering:
- Solutions
- Services
Model Based Enterprise Market, by Deployment Type:
- Cloud
- On-Premise
Model Based Enterprise Market, by Industry:
- Aerospace & Defense
- Automotive
- Construction
- Retail
- Power & Energy
- Food & Beverages
- Life Sciences & Healthcare
- Marine
- Oil & Gas
- Electronics & Telecom
- Process & Utility
- Others (Transportation, Machinery and Heavy Equipment)
Model Based Enterprise Market, by Region:
- North America
- Europe
- Asia Pacific
- South America
- Rest of the World
Recent Developments
- In June 2018, Siemens AG and Process Systems Enterprise (PSE), a leading supplier of Advanced Process Modelling (APM) software and digital design and operation technology and services, collaborated to integrate PSE's gPROMS APM technology into automation and digitalization offerings provided by Siemens to process industries. This collaboration allows both the companies to provide an advanced set of solutions for health monitoring, soft sensing, prediction of future performance, real-time optimization, and operator training incorporating high-fidelity models.
- In August 2018, Siemens acquired Mendix, Inc. (US), a low-code software development platform that allows organizations to build their applications at the fastest rate. With this acquisition, Siemens aims to enhance its Digital Enterprise and MindSphere IoT portfolio, with cloud domain expertise, cloud agnostic platform solutions, and highly skilled professionals.
- In February 2015, Autodesk and Anark Corporation, a provider of MBE software solutions, joined their hands to leverage the Anark Core software platform deployed in the US Department of Defense to provide MBE authoring and publishing automation capabilities for users of Inventor and Autodesk Vault.
Frequently Asked Questions (FAQs):
How big is the model based enterprise market?
21.17% Annual growth rate is expected and estimated to reach USD 21.3 billion by 2023.
Which is the largest growing region in the model based enterprise market?
North America is expected to continue to account for the largest share of the overall model based enterprise market, in terms of value, in 2018, owing to the presence of key players such as PTC, GE, Autodesk, and Aras in the region. These companies are adopting various growth strategies to strengthen their position in the market.
How much is the model based enterprise market worth?
The model based enterprise market is projected to grow from USD 8.1 billion in 2018 to USD 21.3 billion by 2023
Major vendors in the global model based enterprise market?
Major vendors in the global model based enterprise market are 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).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.4 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size By Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in Model Based Enterprise Market
4.2 Market, By Deployment Type, 2018–2023
4.3 Market in North America, By Industry and Country, 2018
4.4 Market, By Industry, 2018–2023
4.5 Market, By Region, 2018–2023
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Wide-Ranging Applications of Digital Technologies in Design and Manufacturing
5.2.1.2 Evolving Software Capabilities
5.2.1.3 Rising Adoption of IoT and Cloud-Based Platforms
5.2.2 Restraints
5.2.2.1 Slow Transition From On-Premise to Cloud-Based Platform
5.2.3 Opportunities
5.2.3.1 Growing Prospects of Digitization in Aerospace & Defense Industry
5.2.3.2 Emerging Concept of Digital Twin and Digital Thread Technologies
5.2.4 Challenges
5.2.4.1 Lack of Awareness Regarding Newer Technologies
5.2.4.2 Less Assured Security While Using MBE on Online Platform
6 Industry Trends (Page No. - 41)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Evolution
7 Model Based Enterprise Market, By Offering (Page No. - 44)
7.1 Introduction
7.2 Solutions
7.2.1 Solutions Expected to Hold Larger Size of Market in 2018
7.3 Services
7.3.1 Professional Services
7.3.1.1 Consulting and Integration Services
7.3.1.1.1 Consulting and Integration Services Offer High-Performance Systems That Enable Efficient Processes, Intelligent Networks, and Cross-Area Optimization
7.3.1.2 Training, Support, and Maintenance Services
7.3.1.2.1 Training, Support, and Maintenance Services Focus on Seamless Maintenance and Transformation of Business-Critical Applications
7.3.2 Managed Services
7.3.2.1 Managed Services Typically Works on A Proactive Basis and Under A Subscription Model
8 Model Based Enterprise Market, By Deployment Type (Page No. - 74)
8.1 Introduction
8.2 On-Premise
8.2.1 On-Premise MBE Software Solutions Expected to Continue to Hold Larger Market Size During Forecast Period
8.3 Cloud
8.3.1 Cloud-Based MBE Solutions Require No Upfront Investment, Thereby Eliminating Recurrent Costs
9 Model Based Enterprise Market, By Industry (Page No. - 77)
9.1 Introduction
9.2 Aerospace & Defense
9.2.1 MBE Helps Aerospace and Defense Companies to Rapidly Identify Design Constraints, Process Capabilities, and Manufacturing Limitations
9.3 Automotive
9.3.1 Competitive Pressure and Need for Rapid Innovation Lead to High Adoption of MBE in Automotive Industry
9.4 Construction
9.4.1 Construction Industry Adopts Model Based Enterprise to Optimize Building Life Cycle
9.5 Retail
9.5.1 Model Based Enterprise Solution Helps Retail Industry to Save Time, Cut Costs, and Improve Supply Chain Management
9.6 Power & Energy
9.6.1 Technological Innovation and Need for Producing Sustainable Solutions Boost Demand for Model Based Enterprise in Power & Energy Industry
9.7 Food & Beverages
9.7.1 Stringent Government Regulations With Respect to Food and Beverage Production Surge Demand for Model Based Enterprise Solutions
9.8 Life Sciences and Healthcare
9.8.1 Innovative Approach of Model Based Enterprise Enables Transformation of Life Sciences and Healthcare Industry
9.9 Marine
9.9.1 Marine Industry Demands Model Based Enterprise to Gain Paperless Environment in Shipbuilding
9.10 Oil & Gas
9.10.1 Rapid Adoption of Digital Technologies in Oil & Gas Industry Drives Market Growth
9.11 Electronics and Telecommunications
9.11.1 Increased Use of 3D Modelling Tools, PLM, and Other Software Tools in Electronics and Telecommunications Industry Boost Market Growth
9.12 Process and Utility
9.12.1 Critical Need to Manage Sensitive Data and Dearth of Skilled Resources Drive Adoption of Model Based Enterprise in Process and Utility Industry
9.13 Others
9.13.1 Application of Design and Manufacturing Software to Refurbish and Upgrade Transportation Systems and Heavy Machinery Drive Market Growth
10 Geographic Analysis (Page No. - 92)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US to Continue to Dominate Market in North America
10.2.2 Canada
10.2.2.1 Implementation of Emerging Digital Technologies for Improved Productivity Boosts Market Growth in Canada
10.2.3 Mexico
10.2.3.1 Innovation and Development in Digital Platforms and Services Boost Demand for Model Based Enterprise Solutions in Mexico
10.3 Europe
10.3.1 UK
10.3.1.1 UK to Be Fastest-Growing Market in Europe During Forecast Period
10.3.2 Germany
10.3.2.1 Government Initiatives to Encourage Adoption of Advanced Technologies Drive Market Growth in Germany
10.3.3 France
10.3.3.1 Strong Focus on Implementation of IoT and Cloud Computing to Surge Demand for Model Based Enterprise Solutions
10.3.4 Netherlands
10.3.4.1 Adoption of Information and Communications Technology Contributes to Growth
10.3.5 Russia
10.3.5.1 Increased Investments in Technology Companies in Russia Would Surge Demand for Model Based Enterprise Solutions
10.3.6 Rest of Europe
10.3.6.1 Spain, Norway, Italy, and Sweden Considered as Evolving Markets for Model Based Enterprise Solutions and Services
10.4 APAC
10.4.1 Japan
10.4.1.1 Japan to Dominate Market in APAC By Accounting for Largest Share Throughout Forecast Period
10.4.2 China
10.4.2.1 Increased Spending on Development of New Technologies Boosting Growth of MBE Market in China
10.4.3 India
10.4.3.1 India is One of the Developing Markets for Model Based Enterprise
10.4.4 South Korea
10.4.4.1 Strong Government Focus on Development of Manufacturing Sector Through Digital Revolution Drives Market Growth in South Korea
10.4.5 Australia
10.4.5.1 Launch of Digital Economy Strategy to Surge Market Growth in Australia
10.4.6 Rest of APAC
10.4.6.1 Market Still in Nascent Phase in Singapore and New Zealand
10.5 South America
10.5.1 Brazil
10.5.1.1 Technological Advancements Would Create High Opportunity for Market in Brazil
10.5.2 Argentina
10.5.2.1 Growing Government Initiatives for Development of Digital Era Would Surge Demand for Model Based Enterprise Solutions in Argentina
10.5.3 Rest of South America
10.5.3.1 Increased Funding From Investors and Venture Capitalist in Chile and Peru Would Create Growth Opportunity for Model Based Enterprise Market
10.6 Rest of the World
10.6.1 Middle East
10.6.1.1 Middle East is High-Growth Region for Market in RoW
10.6.2 Africa
10.6.2.1 Manufacturing and Power & Energy Industries Contribute to Market Growth in Africa
11 Competitive Landscape (Page No. - 110)
11.1 Overview
11.2 Ranking Analysis of Model Based Enterprise Market Players
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Collaborations, Partnerships, and Expansions
11.3.3 Acquisitions
12 Company Profiles (Page No. - 116)
12.1 Introduction
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
12.2 Key Players
12.2.1 Siemens
12.2.2 General Electric
12.2.3 PTC
12.2.4 Dassault Systèmes
12.2.5 SAP
12.2.6 Autodesk
12.2.7 HCL Technologies
12.2.8 Oracle
12.2.9 Aras
12.2.10 Anark
12.3 Other Prominent Players
12.3.1 Accenture
12.3.2 Cisco Systems
12.3.3 Infor
12.3.4 Ansys
12.3.5 International Technegroup
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 145)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (64 Tables)
Table 1 Model Based Enterprise Market, By Offering, 2015–2023 (USD Million)
Table 2 Market for Solutions, By Industry, 2015–2023 (USD Million)
Table 3 Model Based Enterprise Solution Market for Aerospace & Defense Industry, By Region, 2015–2023 (USD Million)
Table 4 Model Based Enterprise Solution Market for Automotive Industry, By Region, 2015–2023 (USD Million)
Table 5 Model Based Enterprise Solution Market for Construction Industry, By Region, 2015–2023 (USD Million)
Table 6 Model Based Enterprise Solution Market for Retail Industry, By Region, 2015–2023 (USD Million)
Table 7 Model Based Enterprise Solution Market for Power & Energy Industry, By Region, 2015–2023 (USD Million)
Table 8 Model Based Enterprise Solution Market for Food & Beverages Industry, By Region, 2015–2023 (USD Million)
Table 9 Model Based Enterprise Solution Market for Life Sciences and Healthcare Industry, By Region, 2015–2023 (USD Million)
Table 10 Model Based Enterprise Solution Market for Marine Industry, By Region, 2015–2023 (USD Million)
Table 11 Model Based Enterprise Solution Market for Oil & Gas Industry, By Region, 2015–2023 (USD Million)
Table 12 Model Based Enterprise Solution Market for Electronics and Telecom Industry, By Region, 2015–2023 (USD Million)
Table 13 Model Based Enterprise Solution Market for Process and Utility Industry, By Region, 2015–2023 (USD Million)
Table 14 Model Based Enterprise Solution Market for Other Industries, By Region, 2015–2023 (USD Million)
Table 15 Model Based Enterprise Solution Market, By Region, 2015–2023 (USD Million)
Table 16 Model Based Enterprise Solution Market in North America, By Industry, 2015–2023 (USD Million)
Table 17 Model Based Enterprise Solution Market in Europe, By Industry, 2015–2023 (USD Million)
Table 18 Model Based Enterprise Solution Market in APAC, By Industry, 2015–2023 (USD Million)
Table 19 Model Based Enterprise Solution Market in South America, By Industry, 2015–2023 (USD Million)
Table 20 Model Based Enterprise Solution Market in RoW, By Industry, 2015–2023 (USD Million)
Table 21 Market for Services, By Industry, 2015–2023 (USD Million)
Table 22 Model Based Enterprise Service Market for Aerospace & Defense Industry, By Region, 2015–2023 (USD Million)
Table 23 Model Based Enterprise Service Market for Automotive Industry, By Region, 2015–2023 (USD Million)
Table 24 Model Based Enterprise Service Market for Construction Industry, By Region, 2015–2023 (USD Million)
Table 25 Model Based Enterprise Service Market for Retail Industry, By Region, 2015–2023 (USD Million)
Table 26 Model Based Enterprise Service Market for Power and Energy Industry, By Region, 2015–2023 (USD Million)
Table 27 Model Based Enterprise Service Market for Food & Beverages Industry, By Region, 2015–2023 (USD Million)
Table 28 Model Based Enterprise Service Market for Life Sciences and Healthcare Industry, By Region, 2015–2023 (USD Million)
Table 29 Model Based Enterprise Service Market for Marine Industry, By Region, 2015–2023 (USD Million)
Table 30 Model Based Enterprise Service Market for Oil & Gas Industry, By Region, 2015–2023 (USD Million)
Table 31 Model Based Enterprise Service Market for Electronics and Telecom Industry, By Region, 2015–2023 (USD Million)
Table 32 Model Based Enterprise Service Market for Process and Utility Industry, By Region, 2015–2023 (USD Million)
Table 33 Model Based Enterprise Service Market for Other Industries, By Region, 2015–2023 (USD Million)
Table 34 Model Based Enterprise Service Market, By Region, 2015–2023 (USD Million)
Table 35 Model Based Enterprise Service Market for North America, By Industry, 2015–2023 (USD Million)
Table 36 Model Based Enterprise Service Market in Europe, By Industry, 2015–2023 (USD Million)
Table 37 Model Based Enterprise Service Market in APAC, By Industry, 2015–2023 (USD Million)
Table 38 Model Based Enterprise Service Market in South America, By Industry, 2015–2023 (USD Million)
Table 39 Model Based Enterprise Service Market in RoW, By Industry, 2015–2023 (USD Million)
Table 40 Market, By Deployment Type, 2015–2023 (USD Million)
Table 41 Market, By Industry, 2015–2023 (USD Million)
Table 42 Market for Aerospace & Defense Industry, By Region, 2015–2023 (USD Million)
Table 43 Market for Automotive Industry, By Region, 2015–2023 (USD Million)
Table 44 Market for Construction Industry, By Region, 2015–2023 (USD Million)
Table 45 Market for Retail Industry, By Region, 2015–2023 (USD Million)
Table 46 Market for Power & Energy Industry, By Region, 2015–2023 (USD Million)
Table 47 Market for Food & Beverages Industry, By Region, 2015–2023 (USD Million)
Table 48 Market for Life Sciences and Healthcare Industry, By Region, 2015–2023 (USD Million)
Table 49 Market for Marine Industry, By Region, 2015–2023 (USD Million)
Table 50 Market for Oil & Gas Industry, By Region, 2015–2023 (USD Million)
Table 51 Market for Electronics and Telecom Industry, By Region, 2015–2023 (USD Million)
Table 52 Market for Process and Utility Industry, By Region, 2015–2023 (USD Million)
Table 53 Model Based EnterpriseMarket for Other Industries, By Region, 2015–2023 (USD Million)
Table 54 Market, By Region, 2015–2023 (USD Million)
Table 55 Market in North America, By Country, 2015–2023 (USD Million)
Table 56 Market in North America, By Industry, 2015–2023 (USD Million)
Table 57 Market in Europe, By Country, 2015–2023 (USD Million)
Table 58 Market in Europe, By Industry, 2015–2023 (USD Million)
Table 59 Market for APAC, By Country, 2015–2023 (USD Million)
Table 60 Market in APAC, By Industry, 2015–2023 (USD Million)
Table 61 Market in South America, By Country, 2015–2023 (USD Million)
Table 62 Market in South America, By Industry, 2015–2023 (USD Million)
Table 63 Market in RoW, By Region, 2015–2023 (USD Million)
Table 64 Market in RoW, By Industry, 2015–2023 (USD Million)
List of Figures (49 Figures)
Figure 1 Market Segmentation
Figure 2 Model Based Enterprise Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market for Services to Grow at Higher CAGR During Forecast Period
Figure 7 Cloud-Based MBE to Register Higher CAGR During Forecast Period
Figure 8 Aerospace & Defense Industry to Witness Highest CAGR in Market During Forecast Period
Figure 9 North America Expected to Hold Largest Market Share in 2018
Figure 10 Extensive Use of Digital Technologies for Design and Manufacturing Drives Growth of Market
Figure 11 Cloud-Based MBE Solutions to Exhibit Higher CAGR During Forecast Period
Figure 12 Aerospace & Defense Industry Expected to Hold Largest Share of Market in North America By 2023
Figure 13 Aerospace & Defense Industry to Account for Largest Size of Market By 2023
Figure 14 Market in APAC Expected to Grow at Highest CAGR During 2018–2023
Figure 15 Droc: Model Based Enterprise Market
Figure 16 Defense Expenditure, By Region, 2010–2017 (USD Billion)
Figure 17 Value Chain: Model Based Enterprise Market
Figure 18 Evolution: Model Based Enterprise Market
Figure 19 Market, By Offering
Figure 20 Model Based Enterprise Solutions Expected to Hold Larger Market Size in 2018
Figure 21 North America Expected to Continue to Account for Largest Size of Model Based Enterprise Solution Market for Construction Industry During Forecast Period
Figure 22 APAC to Exhibit Highest CAGR in Model Based Enterprise Solution Market for Life Sciences & Healthcare Industry During Forecast Period
Figure 23 North America to Account for Largest Size of Model Based Enterprise Solution Market for Process and Utility Industry During 2018—2023
Figure 24 APAC to Command Market for Aerospace & Defense Industry During Forecast Period
Figure 25 APAC to Exhibit Highest CAGR in Model Based Enterprise Service Market for Aerospace & Defense Industry During Forecast Period
Figure 26 North America to Account for Largest Size of Model Based Enterprise Service Market for Life Sciences and Healthcare Industry By 2023
Figure 27 North America to Capture Largest Size of Model Based Enterprise Service Market for Electronic and Telecom Industry During Forecast Period
Figure 28 Automotive Industry Expected to Continue to Dominate European Model Based Enterprise Service Market During Forecast Period
Figure 29 Market, By Deployment Type
Figure 30 Cloud-Based MBE Solutions to Exhibit Higher CAGR During Forecast Period
Figure 31 Model Based Enterprise Market, By Industry
Figure 32 Aerospace & Defense Industry to Account for Largest Size of Market Throughout Forecast Period
Figure 33 North America to Account for Largest Size of Market for Retail Industry By 2023
Figure 34 APAC to Register Highest CAGR in Market for Oil & Gas Industry During 2018–2023
Figure 35 Model Based Enterprise Market, By Geography
Figure 36 APAC to Exhibit Highest CAGR in Market During Forecast Period
Figure 37 North America: Market Snapshot
Figure 38 Europe: Market Snapshot
Figure 39 APAC: Market Snapshot
Figure 40 Acquisitions as Key Growth Strategies Adopted By Companies During 2015–2018
Figure 41 Ranking of Key Players in Market, 2017
Figure 42 Siemens: Company Snapshot
Figure 43 General Electric: Company Snapshot
Figure 44 PTC: Company Snapshot
Figure 45 Dassault Systèmes: Company Snapshot
Figure 46 SAP: Company Snapshot
Figure 47 Autodesk: Company Snapshot
Figure 48 HCL Technologies: Company Snapshot
Figure 49 Oracle: Company Snapshot
The study has involved 4 major activities to estimate the model based enterprise market size at present. Exhaustive secondary research has been conducted to collect information on the market, peer market, and parent market. Validation of these findings, assumptions with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of each segment and subsegment.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases, research magazines, and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard and silver standard websites, associations, regulatory bodies, trade directories, and databases.
Primary Research
The model based enterprise market comprises several stakeholders, such as software developers, solution and service providers, associations, and regulatory organizations in the supply chain. The demand side of this market is characterized by government organizations, end users, universities, and others. The supply side is characterized by software providers, integrators, end-to-end solution providers, and concessionaires. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the model based enterprise market. These methods have also been used extensively to estimate the size of various subsegments in the market. Following is the method to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To describe and forecast the global model based enterprise market, in terms of value, segmented on the basis of offering, deployment, industry, and geography
- To forecast the market for various segments, in terms of value, with regard to 5 main regions: North America, Europe, Asia Pacific (APAC), South America, and Rest of the World (RoW)
- To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the model based enterprise market
- To strategically analyze the micromarkets1 with regard to individual growth trends, prospects, and contribution to the total market
- To provide the model based enterprise value chain analysis
- To strategically profile key players in the market and comprehensively analyze their market positions in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
- To analyze competitive developments such as product launches, acquisitions, agreements, collaborations, partnerships, and expansions in the model based enterprise market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Model Based Enterprise Market