Knowledge Sourcing Intelligence Global Model-Based Enterprise Market | Page 4

Rising Demand Which Impact On Market Growth
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.