Model Based Enterprise Solution Market for Automotive Industry worth $21.3 billion by 2023
[151 Pages Report]The overall model based enterprise market is expected to reach USD 21.3 billion by 2023 from USD 8.1 billion by 2018, at a CAGR of 21.17%. Wide-ranging applications of digital technologies in design and manufacturing, and evolving software capabilities are a few major driving factors propelling market growth.
At present, software ecosystems are rapidly evolving, along with MBE capabilities and interoperability. For instance, cloud-based PLM solutions are increasingly being deployed by enterprises across the world. Cloud-based implementation models, including MBE, are capable of lowering costs by eliminating the need for infrastructure investments, as well as can increase scalability and accessibility to information, processes, and functions. A few major players such as Dassault Systèmes, Siemens, and PTC offer product life cycle management (PLM) solutions with new capabilities. The PLM architecture can be easily integrated with high-performance visualization technologies to access all data in real time. Therefore, MBE solutions to account for larger market size in the coming years.
“Market for cloud-based MBE solutions to grow at highest rate during forecast period”
A cloud application framework supports a wide variety of use cases in engineering release, supply chain collaboration, quality inspection planning and execution, manufacturing process planning and execution, and product service operations. MBE solutions are designed to collaborate with the cloud-based framework to facilitate data integration for the development of 3D models, thereby providing flexibility, security, and scalability throughout the process. A few major players such as PTC, Dassault, HCL, and Siemens offer cloud-based services for MBE to enhance their business models and increase competitiveness in the market
Know More : Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=122038238
“North America to account for largest market share during forecast period”
North America is expected to continue to account for the largest share of the overall model based enterprise market, in terms of value, in 2018, owing to the presence of key players such as PTC, GE, Autodesk, and Aras in the region. These companies are adopting various growth strategies to strengthen their position in the model based enterprise market. For example, the Digital Manufacturing and Design Innovation Institute (DMDII) has the capabilities, innovative spirit, and collaborative expertise to transform the American manufacturing sector by offering assistance in the digital revolution. DMDII has received funds from the US Federal Government for its R&D, which aims to demonstrate Siemens tools that represent processes ranging from product design to production.
Key Market Players
Major vendors in the global model based enterprise market are Siemens AG (Germany), General Electric (GE) (US), PTC, Inc. (US), Dassault Systèmes SE (France), Autodesk, Inc. (US), SAP SE (Germany), HCL Technologies Ltd. (India), Oracle Corporation (US), Aras Corporation (US), and Anark Corporation (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
At present, software ecosystems are rapidly evolving, along with MBE capabilities and interoperability. For instance, cloud-based PLM solutions are increasingly being deployed by enterprises across the world. Cloud-based implementation models, including MBE, are capable of lowering costs by eliminating the need for infrastructure investments, as well as can increase scalability and accessibility to information, processes, and functions. A few major players such as Dassault Systèmes, Siemens, and PTC offer product life cycle management (PLM) solutions with new capabilities. The PLM architecture can be easily integrated with high-performance visualization technologies to access all data in real time. Therefore, MBE solutions to account for larger market size in the coming years.
“Market for cloud-based MBE solutions to grow at highest rate during forecast period”
A cloud application framework supports a wide variety of use cases in engineering release, supply chain collaboration, quality inspection planning and execution, manufacturing process planning and execution, and product service operations. MBE solutions are designed to collaborate with the cloud-based framework to facilitate data integration for the development of 3D models, thereby providing flexibility, security, and scalability throughout the process. A few major players such as PTC, Dassault, HCL, and Siemens offer cloud-based services for MBE to enhance their business models and increase competitiveness in the market
Know More : Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=122038238
“North America to account for largest market share during forecast period”
North America is expected to continue to account for the largest share of the overall model based enterprise market, in terms of value, in 2018, owing to the presence of key players such as PTC, GE, Autodesk, and Aras in the region. These companies are adopting various growth strategies to strengthen their position in the model based enterprise market. For example, the Digital Manufacturing and Design Innovation Institute (DMDII) has the capabilities, innovative spirit, and collaborative expertise to transform the American manufacturing sector by offering assistance in the digital revolution. DMDII has received funds from the US Federal Government for its R&D, which aims to demonstrate Siemens tools that represent processes ranging from product design to production.
Key Market Players
Major vendors in the global model based enterprise market are Siemens AG (Germany), General Electric (GE) (US), PTC, Inc. (US), Dassault Systèmes SE (France), Autodesk, Inc. (US), SAP SE (Germany), HCL Technologies Ltd. (India), Oracle Corporation (US), Aras Corporation (US), and Anark Corporation (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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