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3D Printing in Education Sector Market size is set to grow by USD 1.10 billion from 2024-2028, Benefits offered by 3D printing in education sector to boost the market growth, Technavio

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NEW YORK, June 27, 2024 /PRNewswire/ — The global 3D printing in education sector market  size is estimated to grow by USD 1.10 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.64%  during the forecast period.  Benefits offered by 3D printing in education sector is driving market growth, with a trend towards continuous development of new products. However, growing threat from 3d printing rental services in education sector  poses a challenge. Key market players include 3D Systems Corp., Anker Innovations Technology Co., Ltd, BigRep GmbH, Desktop Metal Inc., EOS GmbH, Formlabs Inc., Gizmo 3D Printers Pty Ltd., HP Inc., Kinpo Group, Markforged Holding Corp., MATERIALISE NV, Photocentric Ltd., Raise 3D Technologies Inc., Robert Bosch GmbH, Sculpto ApS, Shenzhen Creality 3D Technology Co. Ltd, Sindoh Co. Ltd., SLM Solutions Group AG, Stratasys Ltd., SprintRay Inc., Ultimaker BV, and voxeljet AG.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Higher education and PreK12), Type (3D printing services and materials and 3D printers), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

3D Systems Corp., Anker Innovations Technology Co., Ltd, BigRep GmbH, Desktop Metal Inc., EOS GmbH, Formlabs Inc., Gizmo 3D Printers Pty Ltd., HP Inc., Kinpo Group, Markforged Holding Corp., MATERIALISE NV, Photocentric Ltd., Raise 3D Technologies Inc., Robert Bosch GmbH, Sculpto ApS, Shenzhen Creality 3D Technology Co. Ltd, Sindoh Co. Ltd., SLM Solutions Group AG, Stratasys Ltd., SprintRay Inc., Ultimaker BV, and voxeljet AG

Key Market Trends Fueling Growth

The education sector is witnessing an uptick in the adoption of 3D printing technology. This trend is primarily driven by the numerous benefits of 3D printing, such as enhanced learning experience and improved teaching methods. Consequently, vendors in the market are expanding their product offerings to cater to the growing demand. In April 2024, SprintRay Inc. Introduced two new 3D printers, the Pro 2 and Midas + resins, which offer improved heating and better build platform recognition. Similarly, in November 2023, Stratasys Ltd launched the F3300 FDM 3D printer, which provides unmatched value to customers through reduced labor, increased uptime, and superior part quality. Anker Innovations Co. Ltd followed suit in August 2023 with the launch of its new AnkerMake M5C 3D Printer, featuring customizable single-click, double-click, and long-press actions. These new launches will boost sales and fuel the expansion of the global 3D printing market in the education sector. 

The 3D printing market in the education sector is experiencing significant growth, with proof of concept in various industries like healthcare, defense, automotive, and consumer electronics. Three-dimensional items created through additive processes using digital files are revolutionizing education. Resin 3D printers and filaments are popular choices for creating customized products. Selective laser sintering, electron beam melting, and laminated object manufacturing are advanced techniques used in industrial and aerospace sectors. The competitive environment drives product extensions, with nonprofit organizations (NPOs) joining the 3D printed community. Consistent quality is crucial in the final 3D product, minimizing process downtime in the post-pandemic scenario. Printer segments like Fused Deposition Modelling and Powder Bed Fusion cater to prototyping needs in the industrial segment. Digitization, smart factories, machine learning, and robotics are key trends shaping the future of 3D printing in education and beyond. Online 3D printing services offer convenience and accessibility to a wider audience. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Several vendors in the 3D printing market cater to the education sector by providing rental services for institutions. This option enables educational institutions to access advanced 3D printers without the upfront investment. Rental providers offer additional benefits such as guidance on printer selection, warranty coverage, classroom materials, and technical support. Companies like Mileshied Ltd. (trading as Utility Rentals), iMakr, Verashape, and Airwolf 3D offer 3D printers on a rental basis. Airwolf 3D provides weekly and monthly rental options. Although this trend may impact the sales of new 3D printers, it presents an opportunity for vendors to expand their customer base and generate recurring revenue. Institutions can focus on their educational objectives while benefiting from the latest 3D printing technology without the burden of ownership costs.The 3D printing market in education sector is experiencing significant growth, particularly in customized products for students. However, challenges persist, including process downtime, inconsistent quality, and high initial investments. In the post-pandemic scenario, digitization and smart factories are driving demand for 3D printing in industrial segments. Printer segments like Fused Deposition Modeling (FDM), Powder Bed Fusion, and Prototyping continue to lead. Companies like Redington Limited, Materialize, Wipro, and Autodesk are key players. Hardware advancements in Polymer printers, such as Fused Filament Fabrication, Digital Light Processing, and Stereolithography, are crucial. Software advancements, automation, and simulation applications are also essential. Industrial hubs face operational expenditures and rely on reliable large-format systems. Climate change, Brexit, and changing technologies pose challenges. Key trends include machine learning, robotics, online 3D printing, and hardware and software services. Companies like HP, Microsoft, and leading 3D printing technologies such as Fused Deposition Modeling (FDM), Selective Laser Sintering, Polyjet, Multi Jet Fusion, Binder Jetting, and Electron Beam Melting continue to innovate.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This 3d printing in education sector market report extensively covers market segmentation by

End-user 1.1 Higher education1.2 PreK12Type 2.1 3D printing services and materials2.2 3D printersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Higher education-  The higher education sector is integrating 3D printing technology to prepare students for industries that value critical thinking and collaboration skills. Engineering students use 3D printing for prototype design, while medical laboratories study body organs and art students create artwork. Universities offer graduate courses on legal issues in 3D printing. For instance, Pennsylvania State University and IIT-Madras provide such courses. Vendors like 3D Systems and Stratasys offer 3D printing solutions for education. Government initiatives, such as MeitY’s national strategy in India, encourage colleges to adopt 3D printing. Universities like Osmania University collaborate with industries to develop innovative products using 3D printing technology. For example, they procured 3D metal printing technology from SLM Solutions Group AG and Ultimaker FDM 3D printer from Ultimaker BV. These collaborations and investments in 3D printing technology will drive growth in the higher education sector during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The 3D printing market in the education sector is experiencing significant growth due to the customized products it offers. With the shift towards digitization and smart factories, 3D printing is becoming an essential tool for educational institutions. In the post-pandemic scenario, 3D printing is expected to play a crucial role in reducing process downtime and ensuring consistent quality in the production of final 3D products. The printer segment includes Fused Deposition Modelling (FDM), Powder Bed Fusion, Selective laser sintering, Electron Beam Melting, and Laminated Object Manufacturing. These technologies cater to various industries such as healthcare, defense, automotive, aerospace, consumer electronics, and industrial. 3D printer filament and 3D printing services are essential components of the 3D printing ecosystem. Machine learning and robotics are being integrated into 3D printing to enhance productivity and efficiency. Online 3D printing and simulation applications are also gaining popularity in the education sector. The healthcare sector is leveraging 3D printing for creating customized medical models, prosthetics, and surgical tools. The defense sector is using 3D printing for producing prototypes and spare parts. The automotive sector is utilizing 3D printing for creating customized car parts and designing concept cars. Overall, the 3D printing market in the education sector is poised for significant growth in the coming years, driven by the need for customized products, consistency in quality, and the integration of advanced technologies such as machine learning, robotics, and simulation applications.

Market Research Overview

The 3D printing market in the education sector is witnessing significant growth due to the customized products it offers. However, process downtime and high initial investments are challenges. In the post-pandemic scenario, digitization, smart factories, machine learning, robotics, and online 3D printing are driving the market. Printer segments include Fused Deposition Modeling (FDM), Powder Bed Fusion, and others. Prototyping is a major application in the industrial segment. Additive processes like Stereolithography, Digital Light Processing, and Selective Laser Sintering are popular. Hardware and software advancements in Polymer printers, Fused Filament Fabrication, and Large-format systems are crucial. Reliability and automation are key factors. The competitive environment includes players like Autodesk, Microsoft, HP, and others. Climate change, Brexit, and operational expenditures are external factors influencing the market. The education industry uses 3D printing for proof of concept, product extensions, and in nonprofit organizations and the 3D printed community. Industries like healthcare, defense, automotive, aerospace, and consumer electronics are also adopting 3D printing.

Learn and explore more about Technavio’s in-depth research reports

The online language learning market is experiencing rapid growth, driven by advancements in technology and increased globalization. With the rise of e-learning platforms, interactive apps, and AI-driven language tools, learners now have access to a variety of resources to enhance their language skills. The convenience of learning anytime, anywhere, combined with personalized learning experiences, has made online language education more appealing. As a result, the market is projected to continue expanding, catering to diverse demographics and addressing the growing demand for bilingual and multilingual proficiency in both personal and professional settings.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userHigher EducationPreK12Type3D Printing Services And Materials3D PrintersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Virtusa Earns 2024 Great Place to Work® Certification™ for Third Consecutive Year

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SOUTHBOROUGH, Mass., Dec. 23, 2024 /PRNewswire/ — Virtusa Corporation, a global leader in digital business strategy, digital engineering, and IT services, is proud to announce its 2024 Great Place to Work® Certification™ for the third consecutive year. This recognition spans seven countries – India, USA, Canada, UK, UAE, Australia, and Singapore – and underscores Virtusa’s dedication to fostering a High-Trust, High-Performance workplace culture globally.

The certification is based on rigorous employee feedback, with Virtusa achieving an impressive Trust Index™ score of 79% and an Employee Net Promoter Score (eNPS) of 73%. Notably, 81% of employees agreed with the statement, “Taking everything into account, I would say this is a great place to work.”

Key areas of improvement over the past year include professional development, equal treatment, making a difference, and creating a welcoming environment.

“We are incredibly honored to receive the Great Place to Work® Certification™ for the third consecutive year,” said Lori Mullane, Chief People Officer at Virtusa. “This recognition reflects our unwavering commitment to creating an inclusive and empowering workplace where employees feel valued, supported, and inspired to achieve their best. Investing in a culture of trust, collaboration, and growth enables our teams to deliver exceptional value to our clients and communities.”

Virtusa’s commitment to professional development, diversity, and well-being reflects its efforts to build a supportive and inclusive environment. With industry-leading initiatives like Engineering IQ for career progression, robust upskilling programs, and a focus on belonging and fairness, Virtusa has created a culture where employees can thrive.

The Certification is a testament to Virtusa’s leadership in workplace culture, which supports over 30,000 employees globally. As the company continues to grow, its mission remains steadfast in providing a High-Trust, High-Performance environment that drives innovation, collaboration, and employee satisfaction.

For more information about Virtusa’s workplace culture and career opportunities, visit https://www.virtusa.com/careers.

About Great Place to Work®
Backed by 30 years of data, Great Place To Work is the global authority on workplace culture. Through its proprietary For All™ Model and Trust Index Survey, it gives organizations the recognition and tools to create a consistently positive employee experience. Its mission is to help every place become a great place to work for all, driving business growth, improving lives, and empowering communities. Through globally recognized and coveted Great Place To Work Certification and highly competitive Best Workplaces™ Lists, Great Place To Work enables employers to attract and retain talent, benchmark company culture, and increase revenue. Its platform enables leaders to truly capture, analyze and understand the experience of every employee, and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.

About Virtusa
Virtusa Corporation provides digital engineering and technology services and solutions for Forbes Global 2000 companies across industries, including financial services, healthcare, telecommunications, media, manufacturing, and technology. With a foundation in digital engineering, Virtusa empowers enterprises to navigate digital transformation, driving operational efficiency and measurable outcomes. Leveraging its Engineering First approach, Virtusa partners with organizations to tackle complex challenges, delivering solutions that ensure resilience and competitive advantage.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact: 
Paul Lesinski
Edelman
(971) 226-5299 
paul.lesinski@edelman.com 

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DogeRide Unleashes a New Era of Pet-Friendly Ridesharing in Denver

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DogeRide, Denver’s newest and most innovative ridesharing service, is proud to announce the official launch of its pet-friendly hailing app in Denver, CO Metro Area.

DENVER, Dec. 23, 2024 /PRNewswire-PRWeb/ — DogeRide, Denver’s newest and most innovative ridesharing service, is proud to announce the official launch of its pet-friendly hailing app.

“We wanted to create a ridesharing service that embraces that spirit, providing a solution for dog lovers who want their furry companions to be part of their daily lives. DogeRide is more than a rideshare; it’s a celebration of Denver’s dog-friendly culture.”

Designed to bring convenience and joy to pet lovers, DogeRide allows drivers to ride with their dogs as companions while welcoming riders to travel with their furry friends. With Denver being one of the most dog-friendly cities in the country, this service is set to revolutionize how residents and their dogs move around town.

DogeRide aims to address a growing demand for pet-friendly transportation. Riders no longer have to worry about leaving their four-legged friends behind or struggling to find a rideshare that accommodates their pets. The DogeRide app allows seamless booking and ensures all participating drivers are comfortable with canine passengers.

To ensure a safe and pleasant ride, dogs must weigh under 80 pounds and be on a leash or in a crate during the journey.

Denver is a city that thrives on community and outdoor adventures, and dogs are a huge part of that lifestyle,” said Phil Warfield and Divine Tumenta, both Co-founders of DogeRide. “We wanted to create a ridesharing service that embraces that spirit, providing a solution for dog lovers who want their furry companions to be part of their daily lives. DogeRide is more than a rideshare; it’s a celebration of Denver’s dog-friendly culture.”

The app’s user-friendly interface allows riders to indicate when they’re bringing a dog along, ensuring that drivers are prepared for their canine co-pilots. Additionally, all DogeRide drivers are trained to prioritize safety and comfort for both human and canine passengers. From trips to the vet or park to daily commutes, DogeRide is committed to making every journey tail-waggingly fun and hassle-free.

DogeRide also offers unique features tailored to the needs of dog owners and pet-loving drivers. Drivers are encouraged to bring their dogs along for companionship while working, creating a warm and welcoming atmosphere for riders. This innovative approach not only enhances the drivers’ experience but also provides riders and their dogs with a sense of familiarity and connection.

“DogeRide is the ultimate ridesharing service for dog lovers because we’ve designed it with the needs of Denver’s vibrant pet-owning community in mind,” said Chad Harris, Co-founder of DogeRide. “Whether you’re heading to the dog park, running errands, or going on an adventure, DogeRide ensures your furry friend can come along for the ride. We’re thrilled to be part of Denver’s pet-friendly ecosystem.”

DogeRide’s mission is to create a safe, reliable, and dog-inclusive transportation option that reflects the unique lifestyle of Denver residents. As part of its commitment to the community, DogeRide plans to partner with local animal shelters and pet organizations to support adoption events and promote responsible pet ownership.

DogeRide is now available for download on iOS and Android devices. For more information, visit www.dogeride.com.

Media Contact

Nick Dell, DogeRide Technologies Inc, 1 7207817533, support@dogeride.com, https://www.dogeride.com/ 

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Omnis Investments Limited Extends Relationship with SS&C

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WINDSOR, Conn., Dec. 23, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Omnis Investments Limited has extended its transfer agency relationship with SS&C. The contract services Omnis’s range of mutual funds, which invest across several asset classes and regions.

With more than GBP10 billion of assets under management, Omnis is one of U.K.’s largest asset managers and works closely with clients of The Openwork Partnership, a network of 4,200 financial advisers across the country. Omnis also collaborates with 2plan wealth management, a leading wealth management firm in the U.K.

“SS&C is a long-term valued partner to Omnis, and we are looking forward to continuing our work together on ways to enhance the experience of our clients and achieve our goals,” said Simon Harris, Chief Operating Officer at Omnis. “Together with SS&C, we are committed to providing a high standard of service to all of our clients and evolving our digital service offering.”

“We are pleased to extend our valued long-term relationship with Omnis,” said Spencer Baum, Managing Director Head of Client Management, SS&C GIDS. “SS&C is committed to delivering exceptional omnichannel servicing and support to all customer types.”

Learn more about SS&C’s Global Investor and Distribution Solutions here.

About Omnis Investments Limited

Omnis Investments manages over GBP10 billion in assets, working as part of The Openwork Partnership, a network of 4,200 financial advisers across the country helping people look forward with confidence and optimism. Omnis has a range of funds and strategies across the full risk/return spectrum, managed by leading investment managers. The Omnis funds are only available through advisers of The Openwork Partnership and 2plan wealth management.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

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