3D Printing Software Market to Exhibit 22.3% CAGR during the Forecast Period | Key Players: Dassault Systemes, Autodesk, Siemens, Materialise, Stratasys, 3d Systems, Corporation, Ptc, Artec 3d, 3dsim, 3dprinteros

The 3D Printing Software Market size is estimated to be USD 1,435.39 million in 2020 and is projected to register a CAGR of 22.3% to reach USD 7,177.56 million by 2028. 3D printing, also known as additive manufacturing, is a method of creating physical objects by layering materials based on a computer model. All 3D printing processes necessitate the collaboration of software, hardware, and materials.
3D printing technology can be used to make anything from basic prototypes to highly advanced finished products like aeroplane parts (US site), eco-friendly structures, life-saving medical implants, and even artificial organs made from layers of human cells.

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The market is expected to grow due to R&D by manufacturers and rising demand for prototyping applications from various industries. These industries include automotive, healthcare, and aerospace and defense. Additive Manufacturing (AM) is the name given to the industrial application of 3DP, which entails the layer-by-layer addition of material to shape an object based on a three-dimensional file using software and a three-dimensional printer. To implement the procedure, a relevant 3D printing technology is chosen from a list of options. The final step entails deploying this process across various industry verticals based on need.

Despite the fact that the current market is fairly explicitly divided between design and workflow driven 3D printing software, there is increasing evidence of feature creep, which is driving elements of workflow into design and vice versa. Since optimization software will allow design for additive manufacturing, it will have a high potential value in the future. This will increase the overall appeal of additive manufacturing.
Manufacturers benefit from 3D printing in terms of prototyping, structure and end product design, modeling, and time to market. As a result, manufacturing costs have decreased significantly, allowing manufacturers to sell quality goods at more affordable prices. As a result of these advantages, 3D printer demand is expected to increase in the coming years.

Small and medium-scale manufacturers' assumptions about prototyping methods, on the other hand, are impeding the adoption of additive manufacturing.
Growth Drivers that Support the Global 3D Printing Software Market:
• Automotive accounted for the largest share of the global 3D printing software market in terms of end-users. By 2028, the healthcare segment is projected to rise at the fastest CAGR in the industry. Due to the active adoption of technology in various production processes associated with these end-use industries, the healthcare, aerospace and defense, and automotive verticals are expected to contribute significantly to the growth of industrial additive manufacturing over the forecast period.

• The 3D printing industry in North America has seen increased investment, and many vendors have emerged to cater to the increasingly rising market. During the forecast period, the area is expected to expand significantly. This area is the birthplace of major initiatives in simulation and analysis technology.

• In terms of geographical area, Europe is the largest country. It is home to a number of additive manufacturing industry players with extensive technical knowledge of the processes. As a result, the European regional market is the second biggest.

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Current Trends in the Global 3D Printing Software Industry:
• 14 July 2020 - Ultimaker, a desktop 3D printing company, has announced the release of a new software framework to help businesses integrate 3D printing into their current IT infrastructures.

Major companies functioning in the global 3D Printing Software Market are Autodesk, Dassault Systemes, Siemens, Stratasys, Materialise, 3d Systems, Corporation, Ptc, Artec 3d, 3dsim, 3dprinteros, Authentise, Matterhackers, Astroprint, Simplify3d, Envisiontec, Formlab

Frequently Asked Questions
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Conclusion
The study will include a qualitative and quantitative analysis, as well as a market forecast for the years 2020-2028 and a compound annual growth rate (CAGR) from 2020 to 2028. The research includes a detailed analysis of market dynamics, including factors and opportunities. The research will include an in-depth geographical analysis of the Market.

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