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North America Model Based Enterprise Market Size, Share & Trends Analysis Report By Offering (Solution and Services), By Deployment Mode (On-premise and Cloud), By Vertical, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 122 Pages
  • April 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955230
The North America Model Based Enterprise Market would witness market growth of 13.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Model Based Enterprise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,557.5 million by 2031. The Canada market is experiencing a CAGR of 16.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.2% during (2024 - 2031).



The applications of model based enterprise span a wide range of industries and functions, revolutionizing how organizations design, manufacture, and deliver products and services. Throughout the design and development process, MBE makes it easier to create digital models that are a reliable source of product information. MBE tools, including computer-aided design (CAD) software, are used by engineers and designers to build 3D models of parts, assemblies, and systems. These digital models enable virtual prototyping, simulation, and optimization of product designs, leading to faster time-to-market, reduced costs, and improved product quality.

Furthermore, MBE facilitates collaboration and information sharing across the supply chain, from suppliers to customers. Digital models are a common language for communicating product requirements, specifications, and changes throughout the supply chain network. This streamlines procurement, inventory management, and logistics processes, improving supply chain visibility, efficiency, and responsiveness to customer demand.

The food & beverage industry in Canada is expanding, and with it, there is a need for cutting-edge technologies to boost output, effectiveness, and product quality. According to the Government of Canada, with sales of items manufactured valued at $156.5 billion in 2022, the food and beverage processing sector was Canada’s largest manufacturing industry in production value. With a 14.1% growth from 2021 to 2022, processed food and beverage exports reached a record value of $54.3 billion, or 34.7% of the output value. With the oil industry’s expansion in Mexico, there is a growing demand for advanced technologies to optimize exploration, production, and refining processes, translating into a higher demand for MBE solutions. As per the International Trade Administration (ITA), Mexico ranks 13th globally in crude oil production, 21st in crude oil reserves, 16th in refined capacity, and 5th in logistics infrastructure in 2021. Mexico is one of the world’s top oil producers, producing 1.6 million barrels daily in 2022. Therefore, the increasing food & beverage industry and expansion of the region’s oil sector are driving the market’s growth.

Based on Offering, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Vertical, the market is segmented into Aerospace, Electronics & Telecommunications, Construction, Healthcare & Lifesciences, Food & Beverages, Marine, Oil & Gas, Automotive and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Siemens AG
  • PTC, Inc.
  • Dassault Systemes SE
  • SAP SE
  • HCL Technologies Ltd. (HCL Enterprises)
  • Oracle Corporation
  • Wipro Limited
  • ANSYS, Inc.
  • General Electric Company
  • Cisco Systems, Inc.

Market Report Segmentation

By Offering
  • Solution
  • Services
By Deployment Mode
  • On-premise
  • Cloud
By Vertical
  • Aerospace
  • Electronics & Telecommunications
  • Construction
  • Healthcare & Lifesciences
  • Food & Beverages
  • Marine
  • Oil & Gas
  • Automotive
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Model Based Enterprise Market, by Offering
1.4.2 North America Model Based Enterprise Market, by Deployment Mode
1.4.3 North America Model Based Enterprise Market, by Vertical
1.4.4 North America Model Based Enterprise Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis- Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. North America Model Based Enterprise Market by Offering
5.1 North America Solution Market by Region
5.2 North America Services Market by Region
Chapter 6. North America Model Based Enterprise Market by Deployment Mode
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Model Based Enterprise Market by Vertical
7.1 North America Aerospace Market by Country
7.2 North America Electronics & Telecommunications Market by Country
7.3 North America Construction Market by Country
7.4 North America Healthcare & Lifesciences Market by Country
7.5 North America Food & Beverages Market by Country
7.6 North America Marine Market by Country
7.7 North America Oil & Gas Market by Country
7.8 North America Automotive Market by Country
7.9 North America Others Market by Country
Chapter 8. North America Model Based Enterprise Market by Country
8.1 US Model Based Enterprise Market
8.1.1 US Model Based Enterprise Market by Offering
8.1.2 US Model Based Enterprise Market by Deployment Mode
8.1.3 US Model Based Enterprise Market by Vertical
8.2 Canada Model Based Enterprise Market
8.2.1 Canada Model Based Enterprise Market by Offering
8.2.2 Canada Model Based Enterprise Market by Deployment Mode
8.2.3 Canada Model Based Enterprise Market by Vertical
8.3 Mexico Model Based Enterprise Market
8.3.1 Mexico Model Based Enterprise Market by Offering
8.3.2 Mexico Model Based Enterprise Market by Deployment Mode
8.3.3 Mexico Model Based Enterprise Market by Vertical
8.4 Rest of North America Model Based Enterprise Market
8.4.1 Rest of North America Model Based Enterprise Market by Offering
8.4.2 Rest of North America Model Based Enterprise Market by Deployment Mode
8.4.3 Rest of North America Model Based Enterprise Market by Vertical
Chapter 9. Company Profiles
9.1 PTC, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Research & Development Expenses
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Acquisition and Mergers:
9.2 ANSYS, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.3 Dassault Systemes SE
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 SAP SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 HCL Technologies Ltd. (HCL Enterprises)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Wipro Limited
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 General Electric Company
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Cisco Systems, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 SWOT Analysis
9.10. Siemens AG
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.5.2 Acquisition and Mergers:
9.10.6 SWOT Analysis

Companies Mentioned

  • Siemens AG
  • PTC, Inc.
  • Dassault Systemes SE
  • SAP SE
  • HCL Technologies Ltd. (HCL Enterprises)
  • Oracle Corporation
  • Wipro Limited
  • ANSYS, Inc.
  • General Electric Company
  • Cisco Systems, Inc.

Methodology

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