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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

  • ID: 4733482
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
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Model Based Enterprise Market Estimated to Grow at CAGR of 21.17% from 2018 to 2023

FEATURED COMPANIES

  • Accenture
  • Ansys
  • Autodesk
  • Dassault Systèmes
  • HCL Technologies
  • International Technegroup
  • MORE

“Model based enterprise market estimated to grow at CAGR of 21.17% from 2018 to 2023”

The overall model based enterprise 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.

“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%

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.

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.

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
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accenture
  • Ansys
  • Autodesk
  • Dassault Systèmes
  • HCL Technologies
  • International Technegroup
  • MORE

1 Introduction
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
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

4 Premium Insights
4.1 Attractive Opportunities in Model Based Enterprise Market
4.2 Market, By Deployment Type, 2018–2023
4.3 Model Based Enterprise Market in North America, By Industry and Country, 2018
4.4 Market, By Industry, 2018–2023
4.5 Model Based Enterprise Market, By Region, 2018–2023

5 Market Overview
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
6.1 Introduction
6.2 Value Chain Analysis
6.3 Evolution

7 Model Based Enterprise Market, By Offering
7.1 Introduction
7.2 Solutions
7.2.1 Solutions Expected to Hold Larger Size of Model Based Enterprise 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
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
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 Model Based Enterprise 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 Model Based Enterprise Market Growth

10 Geographic Analysis
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 Model Based Enterprise 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 Model Based Enterprise 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
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
12.1 Introduction
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

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of 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 Model Based Enterprise 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 Market 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
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 Model Based Enterprise 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 Model Based Enterprise 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 Model Based Enterprise 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 Model Based Enterprise 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 Model Based Enterprise 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 Model Based Enterprise Market Throughout Forecast Period
Figure 33 North America to Account for Largest Size of Model Based Enterprise 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 Model Based Enterprise 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

Note: Product cover images may vary from those shown
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  • Accenture
  • Anark
  • Ansys
  • Aras
  • Autodesk
  • Cisco Systems
  • Dassault Systèmes
  • General Electric
  • HCL Technologies
  • Infor
  • International Technegroup
  • Oracle
  • PTC
  • SAP
  • Siemens
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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