Aug 6, 2021   SOURCE: BusinessWire

Insights on the Model Based Enterprise Global Market to 2026 - Featuring Siemens, General Electric and Autodesk Among Others - ResearchAndMarkets.com

The "Model Based Enterprise Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Model Based Enterprise Market is expected to register a CAGR of 17% during the forecast period (2021 - 2026).

Companies Mentioned

  • Siemens AG
  • General Electric Company
  • PTC Inc.
  • Dassault Systemes SE
  • SAP SE
  • Autodesk Inc.
  • HCL Technologies Limited
  • Oracle Corporation
  • Aras Corporation
  • Anark Corporation

Key Market Trends

Automotive Segment is Expected to Witness Significant Growth

  • Automobile manufacturers across the globe are increasingly adopting model-based design in the development of vehicle electronics, ranging from the engine and transmission controllers to the body controllers and battery management modules.
  • The industry players use the model-based design for prototyping of all the electronic controllers, which includes the development of software algorithms and auto-generation of code, as well as verification and validation of the designed products.
  • The automotive sector currently is in a state of flux with rapidly emerging technology and rapidly blurring boundaries between the stakeholders, which is transforming the industrial landscape rapidly. Moreover, the increasing demand for personalized products and rich experience, increasing quality standards, and the reduction of operating costs are the major challenges faced by the industry.
  • The players in the market are facing an ongoing challenge primarily to remain competitive and to set themselves apart in order to move ahead of the competitors. Automotive manufacturers currently have the opportunity to adopt technology and improve their business processes, which is driving the market.

North America is Expected to Hold a Significant Market Share

  • The North American region is expected to account for the largest share of the overall model based enterprise market, primarily owing to the presence of major players in the region such as GE, PTC, Autodesk, and Aras. These companies are adopting various growth strategies focused to strengthen their position in the market.
  • The US launched the MBE program in recent times, that primarily aims to answer the manufacturers that how they can match the product needs to process capabilities to determine the best assets and ways to produce products.
  • Moreover, the Digital Manufacturing and Design Innovation Institute (DMDII) currently possesses the ability, innovative spirit, and collaborative expertise that is used to transform the American manufacturing sector by offering assistance to the organizations and help the digital revolution.
  • Furthermore, the DMDII in Feb 2019 announced that the US Department of Defense has awarded USD 10 million in funding for this year and is expecting at least USD 20 million more over the period of the next five years primarily to drive the digital future of manufacturing. These initiatives in the region are expected to drive the market even further.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Evolving Software Capabilities

4.2.2 Rising Adoption of IoT and Cloud-Based Platforms

4.3 Market Restraints

4.3.1 Slow Transition From On-Premise to Cloud-Based Platform

4.4 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Offering

5.1.1 Solution

5.1.2 Service

5.2 By Deployment

5.2.1 On-premise

5.2.2 Cloud

5.3 By End User

5.3.1 Aerospace & Defense

5.3.2 Automotive

5.3.3 Construction

5.3.4 Power & Energy

5.3.5 Retail

5.3.6 Other End Users

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia-Pacific

5.4.4 Latin America

5.4.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/hsg6ny