- In June 2022, PTC Inc. introduced an upgraded version of its product lifecycle management software, focusing on improved integration with digital manufacturing tools. This development aims to streamline workflows, promote wider adoption of model-based enterprise practices, and enhance digital continuity across operations. The new capabilities support better collaboration and efficiency in design and production processes, contributing to faster decision-making. As a result, this move strengthens PTC’s market position and accelerates MBE adoption, particularly among industries seeking end-to-end digital solutions
- In September 2023, Siemens AG expanded its digital industries software portfolio with new enhancements tailored to support model-based enterprise implementations. This development is designed to manage complex manufacturing workflows more effectively by improving real-time data access and cross-functional integration. The upgrade benefits companies by optimizing system engineering and product development processes. It reinforces Siemens’ leadership in industrial digitalization and is expected to significantly impact the growth of MBE adoption in high-tech manufacturing sectors
