According to a new report, published by KBV research, The Global Model Based Enterprise Market size is expected to reach $34.5 billion by 2031, rising at a market growth of 14.5% CAGR during the forecast period.
The model based enterprise market refers to the industry segment focused on the adoption, development, and utilization of digital models as the central source of information for product development, manufacturing, and lifecycle management within organizations. Also, model based enterprise (MBE) represents a shift from traditional paper-based processes towards a digital-centric approach where 3D digital models serve as the authoritative source of product information throughout their lifecycle.
The Solution segment is registering a CAGR of 13.8 % during the forecast period. Product development and manufacturing processes are becoming increasingly complex, driven by globalization, customization, and rapid technological advancements. MBE solutions help organizations manage this complexity by providing a unified platform for designing, simulating, and optimizing products and processes.
The On-premise segment led the Global Model Based Enterprise Market by Deployment Mode in 2023; thereby, achieving a market value of $20.4 billion by 2031. Some organizations, particularly those operating in highly regulated industries such as aerospace, defense, and healthcare, have stringent data security and compliance requirements that necessitate keeping sensitive information on-premises. By deploying MBE solutions on-premises, organizations have greater control over their data. They can implement security measures tailored to their specific needs, reducing the risk of data breaches and ensuring compliance with industry regulations.
The Aerospace segment is growing at a CAGR of 11.9 % during the forecast period. Aerospace products such as aircraft, satellites, and missiles are highly complex and sophisticated, comprising numerous components, systems, and subsystems. MBE solutions provide a comprehensive digital representation of these products, including 3D models, specifications, and metadata, which helps aerospace companies manage the complexity of product development, manufacturing, and lifecycle management.
Full Report: https://www.kbvresearch.com/model-based-enterprise-market/
The North America region dominated the Global Model Based Enterprise Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11.9 billion by 2031. The Europe region is anticipated to grow at a CAGR of 14.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 15.3% during (2024 - 2031).
By Offering
By Deployment Mode
By Vertical
By Geography
Unique Offerings 
