North America Model Based Enterprise Market Size, Share & Trends Analysis Report By Offering (Solution and Services), By Deployment Mode (On-premise and Cloud), By Vertical, By Country and Growth Forecast, 2024 - 2031

The North America Model Based Enterprise Market would witness market growth of 13.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Model Based Enterprise Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,557.5 million by 2031. The Canada market is experiencing a CAGR of 16.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.2% during (2024 - 2031).

The applications of model based enterprise span a wide range of industries and functions, revolutionizing how organizations design, manufacture, and deliver products and services. Throughout the design and development process, MBE makes it easier to create digital models that are a reliable source of product information. MBE tools, including computer-aided design (CAD) software, are used by engineers and designers to build 3D models of parts, assemblies, and systems. These digital models enable virtual prototyping, simulation, and optimization of product designs, leading to faster time-to-market, reduced costs, and improved product quality.

Furthermore, MBE facilitates collaboration and information sharing across the supply chain, from suppliers to customers. Digital models are a common language for communicating product requirements, specifications, and changes throughout the supply chain network. This streamlines procurement, inventory management, and logistics processes, improving supply chain visibility, efficiency, and responsiveness to customer demand.

The food & beverage industry in Canada is expanding, and with it, there is a need for cutting-edge technologies to boost output, effectiveness, and product quality. According to the Government of Canada, with sales of items manufactured valued at $156.5 billion in 2022, the food and beverage processing sector was Canada’s largest manufacturing industry in production value. With a 14.1% growth from 2021 to 2022, processed food and beverage exports reached a record value of $54.3 billion, or 34.7% of the output value. With the oil industry’s expansion in Mexico, there is a growing demand for advanced technologies to optimize exploration, production, and refining processes, translating into a higher demand for MBE solutions. As per the International Trade Administration (ITA), Mexico ranks 13th globally in crude oil production, 21st in crude oil reserves, 16th in refined capacity, and 5th in logistics infrastructure in 2021. Mexico is one of the world’s top oil producers, producing 1.6 million barrels daily in 2022. Therefore, the increasing food & beverage industry and expansion of the region’s oil sector are driving the market’s growth.

Free Valuable Insights: The Model Based Enterprise Market is Predict to reach USD 34.5 Billion by 2031, at a CAGR of 14.5%

Based on Offering, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Vertical, the market is segmented into Aerospace, Electronics & Telecommunications, Construction, Healthcare & Lifesciences, Food & Beverages, Marine, Oil & Gas, Automotive and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Siemens AG
• PTC, Inc.
• Dassault Systemes SE
• SAP SE
• HCL Technologies Ltd. (HCL Enterprises)
• Oracle Corporation
• Wipro Limited
• ANSYS, Inc.
• General Electric Company
• Cisco Systems, Inc.

North America Model Based Enterprise Market Report Segmentation

By Offering

• Solution
• Services

By Deployment Mode

• On-premise
• Cloud

By Vertical

• Aerospace
• Electronics & Telecommunications
• Construction
• Healthcare & Lifesciences
• Food & Beverages
• Marine
• Oil & Gas
• Automotive
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. MarketScope & Methodology
1.1 MarketDefinition
1.2 Objectives
1.3 MarketScope
1.4 Segmentation
1.4.1 North America Model Based Enterprise Market, by Offering
1.4.2 North America Model Based Enterprise Market, by Deployment Mode
1.4.3 North America Model Based Enterprise Market, by Vertical
1.4.4 North America Model Based Enterprise Market, by Country
1.5 Methodology for the research

Chapter 2. Marketat a Glance
2.1 Key Highlights

Chapter 3. MarketOverview
3.1 Introduction
3.1.1 Overview
3.1.1.1 MarketComposition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 MarketDrivers
3.2.2 MarketRestraints
3.2.3 MarketOpportunities
3.2.4 MarketChallenges

Chapter 4. Competition Analysis- Global
4.1 MarketShare Analysis, 2023
4.2 Porter Five Forces Analysis

Chapter 5. North America Model Based Enterprise Market by Offering
5.1 North America Solution Market by Region
5.2 North America Services Market by Region

Chapter 6. North America Model Based Enterprise Market by Deployment Mode
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country

Chapter 7. North America Model Based Enterprise Market by Vertical
7.1 North America Aerospace Market by Country
7.2 North America Electronics & Telecommunications Market by Country
7.3 North America Construction Market by Country
7.4 North America Healthcare & Lifesciences Market by Country
7.5 North America Food & Beverages Market by Country
7.6 North America Marine Market by Country
7.7 North America Oil & Gas Market by Country
7.8 North America Automotive Market by Country
7.9 North America Others Market by Country

Chapter 8. North America Model Based Enterprise Market by Country
8.1 US Model Based Enterprise Market
8.1.1 US Model Based Enterprise Market by Offering
8.1.2 US Model Based Enterprise Market by Deployment Mode
8.1.3 US Model Based Enterprise Market by Vertical
8.2 Canada Model Based Enterprise Market
8.2.1 Canada Model Based Enterprise Market by Offering
8.2.2 Canada Model Based Enterprise Market by Deployment Mode
8.2.3 Canada Model Based Enterprise Market by Vertical
8.3 Mexico Model Based Enterprise Market
8.3.1 Mexico Model Based Enterprise Market by Offering
8.3.2 Mexico Model Based Enterprise Market by Deployment Mode
8.3.3 Mexico Model Based Enterprise Market by Vertical
8.4 Rest of North America Model Based Enterprise Market
8.4.1 Rest of North America Model Based Enterprise Market by Offering
8.4.2 Rest of North America Model Based Enterprise Market by Deployment Mode
8.4.3 Rest of North America Model Based Enterprise Market by Vertical

Chapter 9. Company Profiles
9.1 PTC, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Research & Development Expenses
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Acquisition and Mergers:
9.2 ANSYS, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.3 Dassault Systemes SE
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 SAP SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 HCL Technologies Ltd. (HCL Enterprises)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Wipro Limited
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 General Electric Company
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Cisco Systems, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 SWOT Analysis
9.10. Siemens AG
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.5.2 Acquisition and Mergers:
9.10.6 SWOT Analysis

TABLE 1 North America Model Based Enterprise Market, 2020 - 2023, USD Million
TABLE 2 North America Model Based Enterprise Market, 2024 - 2031, USD Million
TABLE 3 North America Model Based Enterprise Market by Offering, 2020 - 2023, USD Million
TABLE 4 North America Model Based Enterprise Market by Offering, 2024 - 2031, USD Million
TABLE 5 North America Solution Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Solution Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Model Based Enterprise Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 10 North America Model Based Enterprise Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 11 North America On-premise Market by Country, 2020 - 2023, USD Million
TABLE 12 North America On-premise Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Cloud Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Cloud Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Model Based Enterprise Market by Vertical, 2020 - 2023, USD Million
TABLE 16 North America Model Based Enterprise Market by Vertical, 2024 - 2031, USD Million
TABLE 17 North America Aerospace Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Aerospace Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Electronics & Telecommunications Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Electronics & Telecommunications Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Construction Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Construction Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Healthcare & Lifesciences Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Healthcare & Lifesciences Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Marine Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Marine Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Model Based Enterprise Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Model Based Enterprise Market by Country, 2024 - 2031, USD Million
TABLE 37 US Model Based Enterprise Market, 2020 - 2023, USD Million
TABLE 38 US Model Based Enterprise Market, 2024 - 2031, USD Million
TABLE 39 US Model Based Enterprise Market by Offering, 2020 - 2023, USD Million
TABLE 40 US Model Based Enterprise Market by Offering, 2024 - 2031, USD Million
TABLE 41 US Model Based Enterprise Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 42 US Model Based Enterprise Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 43 US Model Based Enterprise Market by Vertical, 2020 - 2023, USD Million
TABLE 44 US Model Based Enterprise Market by Vertical, 2024 - 2031, USD Million
TABLE 45 Canada Model Based Enterprise Market, 2020 - 2023, USD Million
TABLE 46 Canada Model Based Enterprise Market, 2024 - 2031, USD Million
TABLE 47 Canada Model Based Enterprise Market by Offering, 2020 - 2023, USD Million
TABLE 48 Canada Model Based Enterprise Market by Offering, 2024 - 2031, USD Million
TABLE 49 Canada Model Based Enterprise Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 50 Canada Model Based Enterprise Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 51 Canada Model Based Enterprise Market by Vertical, 2020 - 2023, USD Million
TABLE 52 Canada Model Based Enterprise Market by Vertical, 2024 - 2031, USD Million
TABLE 53 Mexico Model Based Enterprise Market, 2020 - 2023, USD Million
TABLE 54 Mexico Model Based Enterprise Market, 2024 - 2031, USD Million
TABLE 55 Mexico Model Based Enterprise Market by Offering, 2020 - 2023, USD Million
TABLE 56 Mexico Model Based Enterprise Market by Offering, 2024 - 2031, USD Million
TABLE 57 Mexico Model Based Enterprise Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 58 Mexico Model Based Enterprise Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 59 Mexico Model Based Enterprise Market by Vertical, 2020 - 2023, USD Million
TABLE 60 Mexico Model Based Enterprise Market by Vertical, 2024 - 2031, USD Million
TABLE 61 Rest of North America Model Based Enterprise Market, 2020 - 2023, USD Million
TABLE 62 Rest of North America Model Based Enterprise Market, 2024 - 2031, USD Million
TABLE 63 Rest of North America Model Based Enterprise Market by Offering, 2020 - 2023, USD Million
TABLE 64 Rest of North America Model Based Enterprise Market by Offering, 2024 - 2031, USD Million
TABLE 65 Rest of North America Model Based Enterprise Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 66 Rest of North America Model Based Enterprise Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 67 Rest of North America Model Based Enterprise Market by Vertical, 2020 - 2023, USD Million
TABLE 68 Rest of North America Model Based Enterprise Market by Vertical, 2024 - 2031, USD Million
TABLE 69 key Information – PTC, Inc.
TABLE 70 Key Information – ANSYS, Inc.
TABLE 71 Key Information – Dassault Systemes SE
TABLE 72 Key Information – SAP SE
TABLE 73 Information – HCL Technologies Ltd.
TABLE 74 Key Information – Oracle Corporation
TABLE 75 Key Information – Wipro Limited
TABLE 76 Key Information – General Electric Company
TABLE 77 Key Information – Cisco Systems, Inc.
TABLE 78 Key Information – Siemens AG

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Model Based Enterprise Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Model Based Enterprise Market
FIG 4 MarketShare Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Model Based Enterprise Market
FIG 6 North America Model Based Enterprise Marketshare by Offering, 2023
FIG 7 North America Model Based Enterprise Marketshare by Offering, 2031
FIG 8 North America Model Based Enterprise Market by Offering, 2020 - 2031, USD Million
FIG 9 North America Model Based Enterprise Marketshare by Deployment Mode, 2023
FIG 10 North America Model Based Enterprise Marketshare by Deployment Mode, 2031
FIG 11 North America Model Based Enterprise Market by Deployment Mode, 2020 - 2031, USD Million
FIG 12 North America Model Based Enterprise Marketshare by Vertical, 2023
FIG 13 North America Model Based Enterprise Marketshare by Vertical, 2031
FIG 14 North America Model Based Enterprise Market by Vertical, 2020 - 2031, USD Million
FIG 15 North America Model Based Enterprise Marketshare by Country, 2023
FIG 16 North America Model Based Enterprise Marketshare by Country, 2031
FIG 17 North America Model Based Enterprise Market by Country, 2020 - 2031, USD Million
FIG 18 Recent strategies and developments: PTC, Inc.
FIG 19 Recent strategies and developments: Dassault Systemes SE
FIG 20 SWOT Analysis: Dassault Systemes SE
FIG 21 SWOT Analysis: SAP SE
FIG 22 SWOT Analysis: HCL Technologies Ltd.
FIG 23 SWOT Analysis: Oracle Corporation
FIG 24 SWOT Analysis: Wipro Limited
FIG 25 SWOT Analysis: General electric (GE) Co.
FIG 26 SWOT Analysis: Cisco Systems, Inc.
FIG 27 Recent strategies and developments: Siemens AG
FIG 28 SWOT Analysis: Siemens AG