PRAGUE, February 8, 2016 — According to the new Semiannual 3D Printing Spending Guide from International Data Corporation (IDC ), Central and Eastern European spending on 3D printing will grow at a 28.0% compound annual growth rate (CAGR) in 2015‒2019 — leaping from about $0.75 billion to nearly $2.0 billion in the five-year period. With such figures, the growth of spending on 3D printing in Central and Eastern Europe (CEE) will exceed worldwide growth, with a projected CAGR of 26.9% in the same period. The new spending guide expands on IDC’s previous 3D printing forecasts by offering greater detail on spending levels by technology, industry, and geography. (TZ)
IDC expects the 3D printing market’s high rate of growth to have a transformative effect on how previously mass-produced goods can now be customized for individual requirements. While emerging markets will represent a growth opportunity, IDC expects that Asia/Pacific will contribute most to near-future growth, as China in particular becomes a leading market for 3D printing hardware and services. Nevertheless, CEE will maintain its position as a frontrunner, and its share of global 3D printing market spending is expected to grow from 7.2% in 2014 to 7.5% by 2019.
About IDC – 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 subsidiary of IDG, the world’s leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.