Information Technology
Model Based Enterprise Market worth $27.1 billion by 2029 - Exclusive Report by MarketsandMarkets™
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 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.
Automotive is a vast industry that witnesses massive technological developments and innovations at a rapid rate due to the popularity of automotive brands and their ability to deliver excellent customer experience. This aspect of the automotive industry forces MBE providers to incorporate new features in their solutions to cope with the latest technological changes. Industry-specified regulations, security mandates, shipping delays, product errors, design faults, and obsolete technology concerns are a few major challenges faced by this industry. Time to market is the most important concern for automotive companies. Competitive pressure and the need for rapid innovation are the key factors driving the adoption of MBE in the automotive industry. MBE improves production capabilities, thereby eliminating the delays and loss of productivity that occurs due to unavailability of components and machine parts.
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=122038238
The US has the presence of many manufacturers, software developers, and technology providers that play a vital role in the adoption of MBE for various applications. ANSYS, Inc. (US), and PTC (US)are among the few players who offer MBE solutions and services in the US. These players have started offering MBE solutions that form a core part of the digital transformation of various industries. Manufacturers and organizations in this region have a strong focus on the digital transformation of their design operations, especially in terms of completely 3D designs.
The key players in the model based enterprise industry include Siemens ( Germany ), PTC (US), Dassault Systèmes ( France ), SAP ( Germany ), Autodesk Inc. (US), HCL Technologies Limited ( India ), Oracle (US) and others.
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=122038238
Semiconductor and Electronics Market Research Reports &Consulting
Digital Twin Market Size, Share, Statistics and Industry Growth Analysis Report by Application(Predictive Maintenance, Business Optimization, Performance Monitoring, Inventory Management), Industry(Automotive & Transportation, Healthcare, Energy & Utilities), Enterprise and Geography - Global Growth Driver and Industry Forecast to 2028
Smart Manufacturing Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (3D printing, Al in Manufacturing, Automated guided vehicle, Condition Monitoring, Cybersecurity, Digital Twin, HMI, Machine Vision, MES, PAM, Robot, Sensor), Industry, Region - Global Forecast to 2028
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography - Global Growth Driver and Industry Forecast to 2026
Smart Factory Market by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, Manufacturing Execution System, Industrial Safety, PAM), Industry and Region - Global Forecast to 2029
System Integrator Market Size, Share, industry Growth, Trends & Analysis by Technology (Human Machine Interface, Machine Vision, Industrial Robotics, Industrial PC, IIoT, Distributed Control System, SCADA, PLC), Service Outlook (Consulting, Software Integration Service) - Global Forecast to 2029
MarketsandMarkets™ has been recognized as one of , as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/model-based-enterprise-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/model-based-enterprise.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/model-based-enterprise-market-worth-27-1-billion-by-2029---exclusive-report-by-marketsandmarkets-302110403.html