Model Based Enterprise Market worth $27.1 billion by 2029 - Exclusive Report by MarketsandMarkets - Seite 2

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Lack of security issues associated with MBE online platform

Key Market Opportunities

Rising adoption of digital twin and digital thread technologies

Key Market Drivers

Increasing adoption of cloud-based platforms

The market for solutions segment is expected to gain a largest market share during the forecast period.

Solutions include designing, processing, and management software associated with the model based enterprise. Software ecosystems are rapidly evolving with the availability of MBE solutions along with increased capability and improved interoperability in best-in-class offerings such as NX, Creo, and CATIA. New capabilities of software help companies to provide less expensive offerings. For example, SOLIDWORKS MBD software is used in computer enclosures, automotive, consumer electronics, applications, among many others. This new feature of SOLIDWORKS software would allow users to shift their focus from 2D detailing to 3D annotations and 3D views. Further, this 3D content can be easily reused in 2D when drawings are needed.

On-premise segment is expected to hold a substantial market share during the forecast period.

On-premise deployment offers benefits such as enhanced data security, compliance with specific regulations, and customization options tailored to the organization's needs. It also provides greater control over software updates and maintenance processes. While on-premise deployment may require higher initial investments in hardware and IT infrastructure, it can offer long-term cost savings compared to cloud- based solutions, especially for organizations with specific security or compliance requirements.