Global Model-Based Enterprise Market By Knowledge Sourcing Intelligence

Model-based enterprise is a strategy where a 3-D model of the product is generated with the aim of streamlining the integration process and effectively coordinate the product design from different departments effectively.  Rising adoption of model-based enterprise solutions across industry verticals coupled with the growing popularity of this software, especially in the military and aerospace industry, are the major factors driving the demand for this solution. In addition, improvement in collaboration, cost-effectiveness owing to the time saved and a reduction in lead time will further boost its demand. The adoption of this solution will be higher in the developed regions of the world, such as North America and Europe. The Asia Pacific region will witness substantial growth opportunities over the forecast period.