Government investment in 3D printing projects and reduction in manufacturing costs along with process downtime will drive market demand.
VANCOUVER, BC, CANADA, March 14, 2022 /EINPresswire.com/ — The global market for 3D printing software and services is expected to reach USD 9,571.6 million by 2027, according to currency analysis by Emergen Research. The 3D printing software and services industry is witnessing an increase in demand as there is an increase in applications in consumer products, motor vehicles, and medical products, among others. Reduced errors and overall time and development costs, ease of fabrication, and the ability to create highly complex bespoke designs are driving the market growth.
The market is revolutionizing the industry, with automation becoming a norm in manufacturing sectors. It will witness an increase in investment by manufacturing companies as it reduces costs by limiting the need for labor and can produce goods locally. However, the deployment of large-scale 3D printing software and services is quite high and the lack of governing bodies for market regulation will restrain the growth of the 3D printing software and services market.
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Some major players in the global market include
3D Systems, Stratasys, GE Additive, EOS GmbH, Voxeljet, SLM Solutions, Hewlett Packard, Optomec, Autodesk, and Protolabs, among others.
The Global 3D printing software and services market The research report contains the latest information about product specification and portfolio, technological advancement, product type and manufacturing. Major factors such as revenue, cost, and gross margin are considered while formulating this report. The report provides in-depth data of major market players along with their SWOT analysis, financial status, product and technology development, and recent business expansion strategic plans.
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Emergen Research has segmented the global 3D printing software and services market on the basis of components, processes, applications, industry verticals, technology, and region:
Process Outlook (Revenue, USD Billion; 2017-2027)
Powder bed fusion
Light curing in tank
Directed Energy Deposit
Application Outlook (Revenue, USD Billion; 2017-2027)
Manufacture of functional parts
Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)
Aeronautics and Defense
Architecture and building
Food and Culinary
Technology Outlook (Revenue, USD Billion; 2017-2027)
Fused Deposition Modeling (FDM)
Direct metal laser sintering (DMLS)
Laser Metal Deposition (LMD)
Manufacture of rolled objects (LOM)
Selective Laser Sintering (SLS)
PolyJet/MultiJet (MJP) printing
Electron Beam Melting (EBM)
Direct Light Projection (DLP)
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In November 2019, Stratasys announced the release of work order management software for 3D printing application shops
In the medical sector, 3D printing software and services are used to manufacture implants, scaffolds, surgical instruments and prostheses. Growing demand for advanced medical products and prosthetics is propelling the market demand.
Digital manufacturing technology has made 3D prototyping cost effective and less time consuming. A variety of materials can be used for the prototype application, such as inexpensive PLA, durable nylon, impact-resistant ABS and others. The prototyping applications segment is expected to grow with a significant CAGR during the forecast period.
The detailed regional analysis covers:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key questions answered by the report:
What will be the estimated growth rate of the 3D Printing Software and Services market by 2027?
Who are the key market distributors, vendors and manufacturers?
What are the driving and restraining factors for the growth of the 3D Printing Software and Services market through the forecast period?
What are the current and future trends of the 3D printing software and services market?
What are sales and price analysis of the product by types, applications and regions?
What are the expected opportunities for companies and new entrants in the years to come?
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