Model-Based Manufacturing Software Market Growth Analysis 2024 by Key Players, Market Dynamics, and Revenue Forecast to 2032

The global model-based manufacturing software market was valued at USD 2,595.5 million in 2023 and is forecasted to reach an adjusted value of USD 4,350 million by 2030, at a compound annual growth rate (CAGR) of 7.7% during the analyzed period.
Model-based manufacturing and process management are becoming increasingly common, enabling Industry 4.0 and digital manufacturing initiatives for supply chain leaders responsible for manufacturing technology. Recently, manufacturing organizations are implementing model-based manufacturing technologies such as manufacturing execution systems (MES), enterprise resource planning (ERP), material requirements planning (MRP), product lifecycle management (PLM) software, CAM/CAD software, and others to automate manufacturing processes and reduce operating costs.
Global model-based manufacturing software companies include Siemens, PTC, Dassault Systèmes, Autodesk, and SAP. The three largest global players have more than 55% market share. The largest market is North America, with about 41%, followed by Europe and Asia-Pacific.