DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The model based enterprise market was valued at USD 6.95 billion in 2017 and is expected to reach USD 21.27 billion by 2023, at a CAGR of 21.17% during the forecast period.
The drivers of model based enterprise include wide-ranging applications of digital technologies in design and manufacturing, rising adoption of IoT and cloud-based platforms, and evolving software capabilities. The growing prospects of digitization in the aerospace & defense industry and emerging concepts of digital twin and digital thread technologies are the key opportunity in the model based enterprise market. However, slow transitions from on-premise platforms to cloud-based platforms is one of the key restraining factor for the market growth.
In a model based enterprise, modeling and simulation technologies are used to integrate and manage its technical and business processes with respect to production, support, and product retirement. MBE transforms an enterprise's engineering, manufacturing, and aftermarket services through product data reuse and derived context, rather than interpreting inputs and recreating the models and drawings. The use of MBE offers several advantages to manufacturers, such as reduced cost of product development, improved time to market, and increased quality assurance.
Siemens AG (Germany), General Electric Company (GE) (US), PTC Inc. (US), Dassault Systmes SE (France), SAP SE (Germany), Autodesk, Inc. (US), HCL Technologies Ltd. (India), Oracle Corporation (US), Aras Corporation (US), and Anark Corporation (US), are a few dominant players in model based enterprise market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Model Based Enterprise Market, By Offering
8 Model Based Enterprise Market, By Deployment Type
9 Model Based Enterprise Market, By Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Accenture
- Anark
- Ansys
- Aras
- Autodesk
- Cisco Systems
- Dassault Systmes
- General Electric
- HCL Technologies
- Infor
- International Technegroup
- Oracle
- PTC
- SAP
- Siemens
For more information about this report visit https://www.researchandmarkets.com/research/8wtq3w/model_based?w=4
