According to a recent report from the International Data Corporation (IDC), the 3D printing market will continue to expand in the coming years. Although expected, the rapid rate of expansion in the industry has been turning some heads. It is now projected that the 3D printing market will surpass $35.4 billion sometime in the year 2020, which would equal a 24.1 percent compound annual growth rate over the duration of the period forecast. This means the industry may nearly double in the next five years. In addition, the software needed to create the printer files and related services and materials are predicted to grow significantly with the market. This research was conducted in eight global markets from twenty different industries.
Many of us have likely thought about what kinds of objects we could produce with our own 3D printers and how those may be used to enhance learning. With prices decreasing while the market continues increasing, it may not be long before each of us is printing our own practical or strange things.
For additional information, please see my 3D Printer Buying Guide post.
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