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3D Printing Software and Services Companies Expanding Market Presence by Launching New Products

08 Nov 2017
Global 3D Printing Software

The 3D printing software and services market is a highly competitive industry, with all the players competing with each other to gain a greater market share. Most of the companies in the market are of the same financial capability and the landscape is highly competitive because of a large number of players in the market. The market is also expected to create opportunities in the emerging economies with the emerging application verticals. Stratasys, 3D Systems, Dassault Systèmes, Materialise, Autodesk, and Prodways, are some of the companies that have remained in limelight in the last year because of agreements, collaborations, contracts, joint ventures & partnerships, and expansions strategies.

Artec 3D, one of the market players, announced in April 2017, the launch of Artec Studio 12, the latest version of its professional 3D scanning and data processing software including 28 new features. This intelligence-based software solution boasts of enhanced speeds, an improved user interface, and new automated features that minimise the time needed for scanning and processing.1 Prior to this launch, Artec 3D came into a collaboration with Threeding in February 2017, in the field of palaeontology. This collaboration between is the first commercial project that combines the practices of 3D printing and palaeontology.2

Artec 3D achieved another milestone at the start of October 2017, when the Royal Netherlands Navy partnered with the company to 3D scan the country’s entire naval fleet. This massive project is touted to dramatically speed up ship maintenance and replacement part fabrication.3 One of Southeast’s leading 2D and 3D design technology provider, TPM Inc., announced a new partnership with Autodesk Netfabb additive manufacturing and design software. TPM will provide these innovative software tools and associated services to streamline additive manufacturing workflows and quickly get from 3D models to successfully 3D printed parts. This deal makes TPM the first Autodesk partner in North America to launch this new product line up.

Acknowledging the rising popularity of 3D printing in various manufacturing applications and the opportunity available in the untapped market, BIS Research has compiled a market intelligence report titled ‘Global 3D Printing Software & Services Market – Analysis and Forecast (2017 to 2021)’. According to the analyst, “The global 3D printing software and services market is expected to reach $4.52 billion by 2021, registering a CAGR of 25.2% between 2017 and 2021. Factors driving the services market include high investment cost of 3D printers, strong growth in the medical industry, growing demand from manufacturing sectors, ease of developing customized products, government initiatives and rising investments in research and development (R&D).”

References:

1 TCT Magazine

2 TCT Magazine

3 The Verge

 

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