Model Based Enterprise Market worth $27.1 billion by 2029 - Exclusive Report by MarketsandMarkets

CHICAGO, April 8, 2024 /PRNewswire/ -- The global model based enterprise market size is expected to grow from USD 13.6 billion in 2024 to USD 27.1 billion by 2029, at a CAGR of 14.9% from 2024 to 2029 according to a new report by MarketsandMarkets. The industrial automation continues to gain traction, which has been changing the economics of manufacturing. The increasing adoption of Industry 4.0 has enabled manufacturers to easily gather and analyze data across machines, as well as create efficient processes to produce higher quality goods at reduced costs. Further, Industry 4.0 fosters the collaboration of various processes in product development, thereby driving the growth of the model based enterprise (MBD) market.

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Model Based Enterprise Market Report Scope:

Report Coverage	Details
Market Revenue in 2024	$ 13.6 billion
Estimated Value by 2029	$ 27.1 billion
Growth Rate	Poised to grow at a CAGR of 14.9%
Market Size Available for	2020–2029
Forecast Period	2024–2029
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Offering, Deployment Type, Industry and Region