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International Data Corporation: 3D printer market - one of rapid-growing business segments

ICT Materials 8 May 2020 10:40 (UTC +04:00)

Baku, Azerbaijan, May 8

By Sadraddin Agjayev – Trend:

New innovative technologies for 3D metal printing can transform existing business models of the printer industry, a source in the International Data Corporation (IDC) international research and consulting company told Trend.

According to IDC, the key trends of manufacturers are the striving for flexibility in production, the creation of an efficient supply chain, low weight and consolidation of parts, which will ultimately lead the 3D metal printer market for into one of the fastest growing segments of the 3D printing business. New technologies of 3D metal printing reduce costs, providing significantly higher quality and production speeds than before.

“The market of 3D metal printing is showing dynamic growth, a key part of which is the development of new technologies and materials. Such innovations create new opportunities for a wide range of manufacturers to incorporate this technology into their operations,” said Tim Greene, Research Director within IDC's Hardcopy Solutions group.

The developers of such solutions are the US’ Desktop Metal, Rapidia, Velo3D and ExOne.

The development of such technology for manufacturers will allow not only expanding the business sphere with such services at the lowest cost, but also providing better quality and speed of production, as well as allowing a wider circle of entrepreneurs to take advantage of 3D printing solutions for metal, Green added.

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.

With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives.

Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company.

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