Model-based Enterprise Market Size

  • Report ID: 4885
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

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.


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Author Credits:  Abhishek Verma


  • Report ID: 4885
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of model-based enterprise is estimated at USD 23.67 billion.

The 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. The market growth is driven by rise in the adoption of smartphones, the growing generation of data, the surge in people working from home, and others.

North American industry is poised to have the highest growth rate by 2037, backed by growing adoption of the automobile, along with a surge in awareness among people regarding the model-based enterprise.

The major players in the market include Siemens AG, Dassault Systèmes SA, PTC Inc., Ansys Inc., Autodesk Inc., SAP SE, Aras Corporation, Bentley Systems, Incorporated, IBM Corporation, Oracle Corporation.
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