Model-based Enterprise Market Size

Model-based Enterprise Market size was valued at USD 21.21 billion in 2024 and is expected to cross USD 100.67 billion by the end of 2037, expanding at more than 14.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of model-based enterprise is estimated at USD 23.67 billion. The growth of the market can be attributed to the growing adoption of the Internet of Things (IoT). In 2022, about 33% of North American and European organizations were integrating IoT technology into their daily operations. By offering more data and insights into product performance and customer behavior, the increased adoption of the Internet of Things (IoT) is anticipated to enhance demand for model-based enterprise (MBE).

The growing adoption of the 5G network is another factor that is set to boost the demand for the model-based enterprise. With less latency and greater capacity, 5G networks are intended to offer faster and more dependable communication. IoT devices would be able to interact more rapidly and effectively, supporting the transmission of bigger data sets. The deployment of Internet of Things (IoT) devices in more remote and rural locations would be possible since to the predicted expansion of 5G networks' coverage over earlier cellular network generations.