- Software applications among key 3D printing growth trends for 2020
- SGLB’s PrintRite3D(R) software provides manufacturers with quality control solutions that can be remotely deployed throughout entire supply chain to any location worldwide
- Software solutions for 3D printing estimated at $1.4 billion, expected to exceed $3.9 billion by 2023
Despite the current global economic slowdown, the outlook for 3D printing remains optimistic, according to a recent article highlighting areas of growth for 2020 (http://nnw.fm/uL61a). Most notably, trends like new product creation, increased aftermarket supply chains, and the race to create novel software applications that monitor quality control are predicted to take center stage. Sigma Labs Inc. (NASDAQ: SGLB), a leading provider of software solutions for the 3D metal printing industry, is positioned to benefit from growth in application development – a key trend – with its patented PrintRite3D(R) software that provides manufacturers with a consistent standard of quality assurance. Sigma Labs’ technology is capable of being remotely deployed throughout the entire supply chain to any location in the world.
Quality control solutions are vital for the industry to realize profits and achieve scale due to the high costs of rejected output and time spent in post-production inspections. With an estimated addressable market of $1.4 billion that is projected to exceed $3.9 billion by 2023, software development remains a key growth factor for the…
NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB
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