NEW YORK, June 22, 2020 (GLOBE NEWSWIRE) -- SmarTech Analysis has just released its first study of the additive manufacturing software segment since its pioneer report in 2017. The new SmarTech Analysis report, “Opportunities in Additive Manufacturing Software Markets 2020” indicates that AM software revenues will reach $3.7 billion in 2027 compared with about $460 million this year.
Since the software market has become better defined and with much more impact on the additive manufacturing business as a whole. AM software has become more sophisticated and is increasingly an integral part of the world’s leading CAD/CAM and PLM software platforms. As the result of these trends AM software has increased dramatically in value from expectations in 2017. This is shown in the attached graphic.
For more information on the report, go to: https://www.smartechanalysis.com/reports/opportunities-in-additive-manufacturing-software-markets-2020/
About the Report
This new report focuses on the future of additive manufacturing software functions, which are centered around process simulation, intelligent design optimization, and the rapidly expanding world of additive manufacturing execution systems. It also provides an analysis of the current state of the market showing how AM software is now growing well beyond the somewhat niche-like status it once occupied.
SmarTech’s reports on AM software have become adopted across the entire AM industry by companies looking for an off-the-shelf source of detailed market data and forecasts for AM software, with critical insights on leading market sectors and commentary on industry dynamics. Some of the major vendors profiled in this report include: 3D Systems, Autodesk, AMFG, Dassault, Materialise, Siemens and many others.
In addition, the report includes a comprehensive market sizing and ten-year market forecast with breakouts by (1) software tool type, (2) adopting end-user industry, and (3) opportunities for software by additive technology segment for both polymer and metals.
From the Report
- Additive manufacturing software solutions will play a pivotal role in realizing and expanding the vision for AM. Over the past three years AM software has evolved to the point where it is actively improving manufacturing outcomes for many AM users through better connectivity and cohesion of solution in design, manufacturing and execution.
- This post COVID-19 period will see software deployed as never before to integrate AM technologies into manufacturing to restore order in manufacturing industries, to diversify supply chains and provide a backstop against uncertainty for companies who have grown reliant on Asia for manufacturing.
- Once the premiere software product and home to cutting-edge additive software functionalities, the traditional print preparation software tool is now moving down market as data preparation steps like slicing, STL fixing, support structure and orientation strategy, and other preparative steps are being integrated into other areas of the AM software chain. This means that products such as Materialise Magics, Autodesk Netfabb, 3D Systems 3DXpert, and others, while still remaining popular, will begin to see increased pricing pressure and lower utilization rates as users are able to achieve many of the core preparatory functions from other more tightly integrated programs.
About SmarTech Analysis:
Since 2013, SmarTech Analysis has provided coverage of all the important revenue opportunities in the 3D printing/additive manufacturing sector. We are considered the leading industry analyst firm providing coverage in this sector. SmarTech analysis and data drives strategy development throughout the additive industry and has been adopted and presented by many of the industry’s largest firms.
For more details on our company go to www.smartechanalysis.com
Contact:
info@smartechpublishing.com
Source: SmarTech Analysis
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2935a896-9140-46b3-9677-564ec6e0ab81