Model-based enterprise market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031).The market growth is attributed to the increasing use of 3D technology in many industrial verticals to meet the growing need for new applications—from 3D modeling to model-based business solutions globally driving the market growth. Model-based enterprises offer to develop, create, and execute innovative building systems, architectural shapes, and other things. It is a creative, quicker, and more flexible approach to product creation and manufacturing.
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Of the different kinds of digital twins, product digital twins are the ones that are utilized the most frequently. These allow product development teams to design a complete digital version of a product before it is ever made physically. Shop floors and entire supply networks can likewise be replicated using digital twins. By simulating the operation of complex systems, these twins help businesses maximize performance by giving stakeholders important insights into the efficacy and efficiency of their systems. Using digital twins can result in cost savings of 20.0–30.0%.Such savings are limited to that specific silo. However, businesses can save overall expenses combining the various kinds of digital twins into a Model-Based Enterprise (MBE).
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Model Based Enterprise Market by Offering
- Solutions
- Services
Global Model Based Enterprise Market by Deployment Type
- Cloud
- On-premise
Global Model Based Enterprise Market by End User
- Aerospace
- Automotive
- Construction
- Retail
- Power & Energy
- Food & Beverages
- Life Sciences & Healthcare
- Marine
- Oil & Gas
- Others (Electronics & Telecommunications)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East & Africa
Company Profiles
- Altair Engineering Inc.
- ANSYS, Inc.
- Aras Corp.
- Autodesk, Inc.
- Bentley Systems International Ltd.
- Cadence Design Systems, Inc.
- Capvidia NV
- CIMdata, Inc.
- EnterpriseDB Corp.
- ESI Group
- IBASET INC.
- Oracle Corp.
- PROSTEP Group
- PTC Inc.
- Sopheon Corp.
- Synopsys, Inc.
- Tata Technologies
- Theorem Solutions
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global model-based enterprise market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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