Increasing plant productivity and reduced inventory costs is another factor which is fuelling the growth of the model based manufacturing technologies market in MEA. Due to advancement in technologies, manufacturing companies are installing new software and tools for optimum resource utilisation. An increasing variety in product development is likely to eventually lead to increase in production capacity, which will ultimately lead to lack of quality in products.
Software-as-a-Service (SaaS) ERP systems are expected to drive the growth of the model based manufacturing technologies market in the glboe.

Market Analysis and Insights: Global Model Based Manufacturing Software Market
The global Model Based Manufacturing Software market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Model Based Manufacturing Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Model Based Manufacturing Software market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Model Based Manufacturing Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Model Based Manufacturing Software market.

Global Model Based Manufacturing Software Scope and Market Size
Model Based Manufacturing Software market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Model Based Manufacturing Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
MES (Manufacturing Execution Software) Based Systems
ERP (Enterprise Resource Planning) Based Systems
MRP (Material Requirements Planning) Based Systems
CAD (Computer Aided Design) & PLM (Product Lifecycle Management) Based Systems
Others

Segment by Application
Automotive
Electronics and Semiconductor
Aerospace and Defence
Oil and Gas
Others

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Aspen
Oracle
SAP
Honeywell
Ibaset
Autodesk
PTC
Siemens
Rockwell