3D Printing Software and Services Market to Grow With A CAGR of 14.3% during (2020-2027)

 

Market Size – USD 3,427.7 Million in 2019, Market Growth - CAGR of 14.3%, Market trends – Growing demand from the medical and consumer goods industry

Emergen Research latest document, titled ‘Global 3D Printing Software and Services Market- Forecast to 2027,’is one of the most sought-after market reports involving an in-depth analysis of the global 3D Printing Software and Services market. The report’s authors have offered necessary details on the latest 3D Printing Software and Services market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the 3D Printing Software and Services industry entails useful insights into the estimated3D Printing Software and Services market size, revenue share, and sales & distribution networks. Such helpful marketinsights are bound to help readers outline this industry’s key outcomes in the near future.

Those are further intended to assist businesses involved in this sector in sound decision-makingand formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global 3D Printing Software and Services market.

Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report.  The coronavirus outbreak has led to drastic changes in the current 3D Printing Software and Services business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation.The report eventually offers conclusive data related to the 3D Printing Software and Services market growth assessed on both regional and global levels.

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/3d-printing-software-and-services-market

Key Highlights From The Report

In November 2019, Stratasys made an announcement about the launch of Work Order Management Software for application 3D Printing workshops

In the medical sector, 3D printing software & services are used to make implants, scaffolds, surgical instruments, and prosthetics. The growing demand for advanced medical products and prosthetics are propelling the demand for the market.

Digital fabrication technology has made 3D prototyping cost-effective and less time-consuming. A variety of materials can be used for the prototype application, such as cheap PLA, durable nylon, impact-resistant ABS, and others. The prototyping application segment is forecasted to grow with a significant CAGR during the forecast period.

The 3D printing software & services in the automotive industry offer benefits associated with the demand for new vehicles with improved performance, production optimization, and supply chains & logistics restructuring for a streamlined operation. Apart from the widespread deployment of 3D printing for rapid prototyping, it is also used to manufacture tooling and, in certain cases, end-parts.

North America dominated the market for 3D printing software & services in 2019, and the US has the highest adoption rate of the product. The region has various medium and small-sized manufacturers. The presence of a mature 3D printing software & services market and adoption of advanced technology is spurring the demand for the product. The region held a market share of 36.5% in the year 2019.

Key participants include 3D Systems, Stratasys, GE Additive, EOS GmbH, Voxeljet, SLM Solutions, Hewlett Packard, Optomec, Autodesk, and Protolabs, among others.

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The research provides answers to the following key questions:

What is the expected market size of the 3D Printing Software and Services market for the forecast period 2020 - 2027? What will be the growth rate of the industry during the estimated period?

What are the major driving forces shaping the future of the 3D Printing Software and Services industry worldwide?

Who are the major vendors in the industry and what are their strategies to reap more profits and reduce costs?

What are the trends from the past and future that are likely to favor the progress of the 3D Printing Software and Services industry worldwide?

What are the major threats and challenges that hinder the development of the industry?

What are the opportunities in store for the business owners operating in the market?  

Component Outlook (Revenue, USD Billion; 2017-2027)

1. Software
2. Design Software
3. Scanning Software
4. Pinter Software
5. Inspection Software
6. Service

Process Outlook (Revenue, USD Billion; 2017-2027)

1. Material Extrusion
2. Material Jetting
3. Powder Bed Fusion
4. Vat Photopolymerization
5. Binder Jetting
6. Sheet Lamination
7. Directed Energy Deposition

Application Outlook (Revenue, USD Billion; 2017-2027)

1. Functional Part Manufacturing
2. Prototyping
3. Tooling

Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)

1. Engineering
2. Aerospace and Defense
3. Consumer Products
4. Healthcare
5. Energy
6. Education
7. Printed Electronics
8. Architecture and Construction
9. Food and Culinary
10. Automotive
11. Jewelry

Technology Outlook (Revenue, USD Billion; 2017-2027)

1. Fused Deposition Modeling (FDM)
2. Direct Metal Laser Sintering (DMLS)
3. Inkjet Printing
4. Laser Metal Deposition (LMD)
5. Laminated Object Manufacturing (LOM)
6. Stereolithography (SLA)
7. Selective Laser Sintering (SLS)
8. PolyJet/MultiJet Printing (MJP)
9. Electron Beam Melting (EBM)
10. Direct Light Projection (DLP)
11. Others

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/3d-printing-software-and-services-market

Regional Analysis Covers:

1. North America (U.S., Canada)
2. Europe (U.K., Italy, Germany, France, Rest of EU)
3. Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
4. Latin America (Chile, Brazil, Argentina, Rest of Latin America)
5. Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)