TechNavio recognizes the following companies as the key players in the Global 3D Scanning Market: Basis Software Inc. (Surphaser), Creaform Inc., Faro Technologies Inc., and Konica Minolta Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The Global 3D Scanning market is highly fragmented, which creates many opportunities for mergers and acquisitions. Both large application vendors and core software-based 3D scanning vendors are taking the merger and acquisition route to enhance their market presence and expand their reach. Large companies are acquiring smaller players with the motive of increasing their product portfolio and market share. Through such acquisitions, larger companies gain a competitive edge by achieving technological advancement and obtaining the opportunity to enter emerging or new markets. For instance, in October 2012, 3D Systems acquired Rapidform for US$35 million and in December 2012, Stratasys Inc. and Objet Ltd. merged to become the leader in 3D printing and direct digital manufacturing. Since many vendors are seeking to gain market share, more acquisitions are anticipated during the forecast period.”
According to the report, one of the major drivers in this market is the increasing demand for 3D laser scanning. Currently, there is increasing demand for automated business processes that permit flexibility in response to changing business conditions. The changing demands and market environment have prompted organizations to use laser scanning in order to reduce their overall scanning and printing costs. To respond to the constantly changing technological environment, it is important for organizations to adopt new technologies such as laser scanning.
Further, the report states that one of the major challenges in this market is the high cost of implementation of 3D devices and applications. Although 3D scanners offer several benefits such as better accuracy, their high cost is a major barrier to their adoption among organizations. In addition to capital costs, maintenance costs of such systems can be high, thereby limiting the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-3d-scanning-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global 3D Scanning Market 2014-2018
