The key benefit of MBE is that it can considerably reduce errors, rework, and waste in the product development process. By using digital models and simulations, different teams can identify and resolve design conflicts and issues earlier in the development process. This helps to prevent costly mistakes and reduce the time and costs associated with product development. Moreover, MBE can improve communication among different departments and stakeholders within an organization. This can help reduce miscommunication and improve collaboration, streamlining the entire product development process. MBE is also important in industries where digital transformations have become increasingly essential. This includes industries such as aerospace, automotive, defense, and medical devices. Furthermore, MBE supports applied technologies such as advanced materials and additive manufacturing, as the digital models can be adapted to these technologies before the physical product is manufactured.
The global MBE market is expected to increase by USD 23.2 billion, at a compound annual growth rate (CAGR) of 15.98% from 2023 to 2029, according to the latest edition of the Global Model-Based Enterprise Market Report.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global MBE market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the offering, deployment mode, end user, and region. The global market for MBE can be segmented by offering: services, solution. The solution segment held the largest share of the global MBE market in 2022 and is anticipated to hold its share during the forecast period. MBE market is further segmented by deployment mode: cloud, on-premises. Globally, the cloud segment made up the largest share of the MBE market. Based on end user, the MBE market is segmented into: aerospace and defense, automotive, construction, power and energy, retail, others. The automotive segment was the largest contributor to the global MBE market in 2022. On the basis of region, the MBE market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America is estimated to account for the largest share of the global MBE market.

Market Segmentation
By offering: services, solution
By deployment mode: cloud, on-premises
By end user: aerospace and defense, automotive, construction, power and energy, retail, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides a detailed analysis of several leading MBE market vendors that include Accenture plc, Anark Corporation, Ansys, Inc., Aras Corporation, Autodesk Inc., Cisco Systems, Inc., Dassault Systèmes SE, General Electric Company, HCL Technologies Limited, Infor Inc, International TechneGroup Incorporated (Wipro Limited), Oracle Corporation, PTC Inc., SAP SE, Siemens AG, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global MBE market.
• To classify and forecast the global MBE market based on offering, deployment mode, end user, region.
• To identify drivers and challenges for the global MBE market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global MBE market.
• To identify and analyze the profile of leading players operating in the global MBE market.

Why Choose This Report
• Gain a reliable outlook of the global MBE market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.