Global Model Based Enterprise (MBE) Market is valued approximately USD 9.82 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 21.20% over the forecast period 2020-2027. Machine based enterprise is an engineering strategy which is aimed towards clarifying the design intent during the manufacturing process through using a 3D model-based definition that comprises of all the product and manufacturing process information associated with the manufacturing of the product. It offers commendable role in improvement of overall efficiency, production of quality product and reduction of cost in a manufacturing process. Due to such inherent offering of MBE in the manufacturing process and rapid growth of manufacturing sector across the globe is escalating the growth of market over the forecast years. As per the United Nations Statistics Division, China holds the largest share in the global manufacturing industries in 2018 with 28.4% amounting to USD 4 trillion. Similarly, as per World Bank, Germany manufacturing industry was at USD 718 billion in 2016 representing 23% of the total GDP and is expected to grow with 4.3% till USD 928.2 billion in 2022. In addition, rising adoption of internet of thing and cloud-based platforms is the factor driving the growth of market over the forecast years. However, slow transition from on-premises to cloud-based platforms is the factor hampering the market growth.

The regional analysis of global Model Based Enterprise Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising adoption of internet of thing and cloud-based platforms in industrial sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing prospects of digitalization in Aerospace & defense industry would create lucrative growth prospects for the Model Based Enterprise Market across Asia-Pacific region.

Major market player included in this report are:
PTC Inc.
Siemens Ag
General Electric
Dassault Syst?mes SE
Autodesk, Inc.
HCL Technologies
Oracle Corporation
Accenture plc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Offering offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:

By Deployment Type:

By End-use Industries:
Aerospace & Defense
Food & beverage
Electronics & Telecommunication

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Model Based Enterprise Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers