International Data Corporation08.06.18
A new update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC) shows global spending on 3D printing (including hardware, materials, software, and services) growing to $23 billion in 2022 with a five-year compound annual growth rate (CAGR) of 18.4%. IDC forecasts worldwide spending to exceed $14 billion in 2019, an increase of 23.2% over 2018.
Together, 3D printers and materials will account for roughly two-thirds of the worldwide spending total through-out the forecast, reaching $7.8 billion and $8 billion respectively in 2022. Services spending will reach $4.8 billion in 2022, led by on-demand parts services and systems integration services. Purchases of 3DP software will grow more slowly than the overall market with a five-year CAGR of 16.7%.
“3D printing solutions are gaining traction outside of the traditional industries of aerospace and automotive manufacturing and healthcare,” said Marianne Daquila, rese
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