Model-based Enterprise Market by Offering (Services, Solution), Functions (Product Lifecycle Management, Supply Chain Management, Virtual Prototyping), Deployment, Company Size, End-User Industries - Global Forecast 2024-2030

Model-based Enterprise Market by Offering (Services, Solution), Functions (Product Lifecycle Management, Supply Chain Management, Virtual Prototyping), Deployment, Company Size, End-User Industries - Global Forecast 2024-2030

The Model-based Enterprise Market size was estimated at USD 14.36 billion in 2023 and expected to reach USD 15.50 billion in 2024, at a CAGR 8.11% to reach USD 24.80 billion by 2030.

A model-based enterprise (MBE) is a business approach that leverages digital models throughout the product lifecycle, from the initial concept to the design, manufacturing, operation, and service stages. Instead of relying solely on traditional two-dimensional drawings and paper-based processes, an MBE integrates and uses three-dimensional (3D) models as the primary communication and information exchange across different departments, suppliers, and customers. Modern products, especially in the aerospace, automotive, and defense sectors, are becoming increasingly complex. This complexity necessitates a more integrated and detailed approach to design and manufacturing, which MBE provides. MBE allows for a comprehensive digital representation of the product, enabling better handling of complexity through improved visualization and collaboration. However, the complexity of implementing MBE systems can pose a significant challenge, as it requires a thorough understanding of the technology and the reengineering of existing processes. This complexity often demands specialized training, which can further escalate costs and slow down the adoption process. Meanwhile, innovations in 3D modeling software, simulation tools, and data analytics make MBE more accessible and effective. Incorporating AI and machine learning into MBE can automate routine tasks, predict outcomes, and offer insights that could dramatically improve efficiency and product development cycles.

Regional Insights

The United States and Canada are at the forefront of implementing model-based enterprise (MBE) systems in the Americas. The U.S. market is driven by a need to maintain its competitive edge in innovation and manufacturing capabilities. Much investment is flowing into research and development, including AI and machine learning, to enhance model-based enterprise systems further. At the same time, EMEA has significantly adopted and standardized model-based enterprise approaches, strongly emphasizing sustainable and efficient production methods. The European Union has funded numerous projects and initiatives under its Horizon program to advance the state-of-the-art in model-based enterprise technologies. The demand for high-quality, sustainable products largely drives consumer needs in the EU. Moreover, in the Asia Pacific region, the concept of MBE is gaining significant traction as industries increasingly recognize the value of digital transformation in manufacturing and business processes. This growth is further supported by governmental initiatives to boost digital infrastructure and promote smart manufacturing practices. Countries such as China, Japan, and South Korea are at the forefront of adopting these digital strategies, making the Asia Pacific a dynamic region for MBE expansion.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Model-based Enterprise Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rapid adoption of wide-ranging applications of digital technologies in designing and engineering
Increasing demand from aerospace and defense industries for more efficient, accurate, and interoperable manufacturing processes

Market Restraints

Interoperability issues and lack of standardized protocol associated with MBE

Market Opportunities

Innovations in 3D modeling software, simulation tools, and data analytics for model-based enterprise
Proliferation of digital twin and digital thread technologies

Market Challenges

Technical complexities associated with using advanced modeling tools and interpreting complex data

Market Segmentation Analysis

Offering: Utilization of advanced software solutions in MBE to streamline smooth manufacturing processes
Deployment: Growing adoption of cloud-based MBE product designing due to their enhance flexibility & scalability

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Model-based Enterprise Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Model-based Enterprise Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Introducing 3DxSUITE EX10.0, the Next Wave in Manufacturing Digitalization

Elysium announces the launch of 3DxSUITE EX10.0, marking a significant leap in its commitment to enhance 3D data interoperability within the Model-Based Enterprise landscape. This upgrade transforms the 3DxSUITE platform into a more robust, modular system to bridge the gap between design, manufacturing, inspection, and archiving processes. By focusing on seamless integration, EX10.0 aims to accelerate digital transformation in manufacturing, optimizing the Model-Based Definition journey for companies worldwide.

Accenture Unveils Innovative Generative AI Services for Enhanced Customization and Management

Accenture has introduced an innovative suite of services to enable companies to effectively tailor and maximize the benefits of generative AI. This initiative features a unique gen AI model switchboard, advanced customization methods, comprehensive model management services, and targeted training programs. Designed to support businesses in scaling and honing the power of generative AI, these services promise to streamline the integration and management of AI technologies across different operational facets, facilitating a smoother digital transformation journey.

Tech Soft 3D Partners with iBase-t to Enhance Manufacturing Collaboration with Advanced CAD Integration

Tech Soft 3D, a developer of engineering software toolkits, has announced a strategic partnership with iBase-t. This partnership integrates HOOPS Exchange, a premier CAD data interchange library, into iBase-t's Solumina iSeries Manufacturing Operations Platform. This pivotal integration empowers discrete manufacturers to seamlessly collaborate using 3D digital models across over 30 CAD and engineering data formats. This partnership streamlines the manufacturing process and enhances interoperability and innovation in product development.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Model-based Enterprise Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Model-based Enterprise Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Amazon Web Services, Inc., Anark Corporation, Ansys, Inc., Aras Corporation, Autodesk, Inc., Cisco Systems, Inc., Dassault Systèmes SE, EM Engineering Methods AG, Google LLC by Alphabet Inc., HCL Technologies Limited, Infor Inc., International Business Machines Corporation, International TechneGroup Incorporated, Microsoft Corporation, Oracle Corporation, PTC, Inc., SAAB RDS Inc., Salesforce, Inc., SAP SE, Siemens AG, Vertex Software, Inc., and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Model-based Enterprise Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Services
Solution
Functions
Product Lifecycle Management
Supply Chain Management
Virtual Prototyping
Deployment
Cloud
On-Premise
Company Size
Large
SMEs
End-User Industries
Aerospace & Defense
Automotive & Transportation
Construction
Electronics & Telecom
Food & Beverages
Life Sciences & Healthcare
Marine
Oil & Gas
Power & Energy
Process & Utility
Retail & Consumer Goods
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year