Vijay,
I thought you already followed Ankit's suggestion of manually configuring the compiler, but now when I read the log output again it seems that hasn't been done successfully. The isysroot argument is wrong here.
"Log" -> {"\"/Applications/Xcode.app/Contents/Developer/Toolchains/\
XcodeDefault.xctoolchain/usr/bin/clang++\" -isysroot \
\"/Applications/Xcode.app/Contents/Developer/Platforms/MacOSX.\
platform/Developer/SDKs/DriverKit19.0.sdk\" -m64 -stdlib=libc++ -fPIC \
SystemModeler 12.0 cannot detect Xcode11 correctly so you need to configure it manually (or upgrade to SystemModeler 12.1) You should follow the instructions on this support page https://support.wolfram.com/48717.
Otto