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Software publishing companies such as Microsoft and Oracle have become some of the world's most influential entities, primarily because of their omnipresence in the devices people use on an hourly basis. Over the past 20 years, industry revenue has more than tripled, untouched by the Great Recession and boosted by the pandemic. During the current period, the industry has continuously introduced new solutions and has enhanced existing products, leading to revenue climbing at a CAGR of 4.9% to $541.3 billion in 2025, with an increase of 2.9% in 2025 alone, while profit in the current year accounts for 28.3% of industry revenue. The industry's current trajectory has benefited from new operating system technologies. Productivity software has transitioned to cloud-based models, allowing seamless access across devices in various markets. Subscription-based services drive revenue as they provide recurring income for many companies. However, as updates and repairs are deployed through the cloud, these services have stressed profit levels for many companies and support services have become more complex. Meanwhile, advancements in artificial intelligence are revolutionizing software usability and cost efficiency. As AI continues to be adopted, the acquisition activity within the industry remains high as leading tech firms eye opportunities to gain an edge in the highly competitive software market. Moving forward, Cloud computing and SaaS models will continue to drive industry revenue. However, companies that expand their integration capabilities will become more competitive as clients increasingly demand more flexible solutions. Continued advancements in AI will significantly affect innovation within the industry, impacting both development approaches and user experiences. Meanwhile, as cyber threats evolve, industry publishers will invest heavily in new solutions to protect sensitive data and maintain their reputations as reliable providers. Though demand may not reach pandemic-era levels, industry revenue growth is still expected to expand at a CAGR of 2.7% to $618.8 in 2030.
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Diversity in Tech Statistics: In today's tech-driven world, discussions about diversity in the technology sector have gained significant traction. Recent statistics shed light on the disparities and opportunities within this industry. According to data from various sources, including reports from leading tech companies and diversity advocacy groups, the lack of diversity remains a prominent issue. For example, studies reveal that only 25% of computing jobs in the United States are held by women, while Black and Hispanic individuals make up just 9% of the tech workforce combined. Additionally, research indicates that LGBTQ+ individuals are underrepresented in tech, with only 2.3% of tech workers identifying as LGBTQ+. Despite these challenges, there are promising signs of progress. Companies are increasingly recognizing the importance of diversity and inclusion initiatives, with some allocating significant resources to address these issues. For instance, tech giants like Google and Microsoft have committed millions of USD to diversity programs aimed at recruiting and retaining underrepresented talent. As discussions surrounding diversity in tech continue to evolve, understanding the statistical landscape is crucial in fostering meaningful change and creating a more inclusive industry for all. Editor’s Choice In 2021, 7.9% of the US labor force was employed in technology. Women hold only 26.7% of tech employment, while men hold 73.3% of these positions. White Americans hold 62.5% of the positions in the US tech sector. Asian Americans account for 20% of jobs, Latinx Americans 8%, and Black Americans 7%. 83.3% of tech executives in the US are white. Black Americans comprised 14% of the population in 2019 but held only 7% of tech employment. For the same position, at the same business, and with the same experience, women in tech are typically paid 3% less than men. The high-tech sector employs more men (64% against 52%), Asian Americans (14% compared to 5.8%), and white people (68.5% versus 63.5%) compared to other industries. The tech industry is urged to prioritize inclusion when hiring, mentoring, and retaining employees to bridge the digital skills gap. Black professionals only account for 4% of all tech workers despite being 13% of the US workforce. Hispanic professionals hold just 8% of all STEM jobs despite being 17% of the national workforce. Only 22% of workers in tech are ethnic minorities. Gender diversity in tech is low, with just 26% of jobs in computer-related sectors occupied by women. Companies with diverse teams have higher profitability, with those in the top quartile for gender diversity being 25% more likely to have above-average profitability. Every month, the tech industry adds about 9,600 jobs to the U.S. economy. Between May 2009 and May 2015, over 800,000 net STEM jobs were added to the U.S. economy. STEM jobs are expected to grow by another 8.9% between 2015 and 2024. The percentage of black and Hispanic employees at major tech companies is very low, making up just one to three percent of the tech workforce. Tech hiring relies heavily on poaching and incentives, creating an unsustainable ecosystem ripe for disruption. Recruiters have a significant role in disrupting the hiring process to support diversity and inclusion. You May Also Like To Read Outsourcing Statistics Digital Transformation Statistics Internet of Things Statistics Computer Vision Statistics
In 2023, the average wage and salary per full-time equivalent employee in the mining industry in the United States was at 126,707 U.S. dollars. The highest wage and salary per FTE was found in the information industry, at 164,400 U.S. dollars.
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Scientific research and development (R&D) facilities have enjoyed significant growth over the past five years as the mix of accelerating medical innovation, new global conflicts and push to advance medical treatments provided a diversified demand niche for the industry. Skyrocketing corporate profit, which boosted 6.3% over the past five years, enabled private companies to massively increase their budgets for R&D. New conflicts in the Middle East and Europe generated a wider range of defense capability needs, causing public sector clients to contract R&D companies at a more rapid pace to advance research on weapons systems and military equipment. A robust push toward sustainability across clients’ product stream further advanced new technological research in facets such as biomedical treatments. In light of these trends and an acceleration of technological adoption, revenue spiked at a CAGR of 4.9% to an estimated $320.9 billion over the past five years, including an anticipated 3.1% boost in 2025 alone. The federal government is the largest and most consistent source of revenue, so changes in federal funding levels greatly affect servicers’ performance. Many R&D sites focus on military tech, so the Trump administration's support for defense spending brought on a surge revenue. While the Biden administration originally pushed for lower defense spending, serious conflicts involving the US's allies, namely Ukraine and Israel, have brought military innovation back to the forefront of budget discussions. Although revenue growth was strong, a rebound in wage expenditures following an inflationary spike has caused a slight slowdown in profit growth. Moving forward, scientific R&D companies will continue benefiting from anticipated growth in corporate profit and sector-wide support for new research projects. While still high at 4.3% as of February 2025, the eventual stabilization in interest rates will encourage new investment. The passing of the Inflation Reduction Act in 2022 will benefit research labs studying alternative fuels and clean energy through tax credits that encourage private investment. New technological advances, such as UAVs and EWs, will provide greater need for technically adept R&D companies that can help strengthen military equipment research and development for the future. Additionally, anticipated growth in overall research & development expenditure across the public and private sectors will provide more funding for R&D initiatives, creating a larger field of opportunity for new researchers. Overall, revenue is expected to boost at a CAGR of 3.2% to an estimated $375.7 billion over the next five years.
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Web design service companies have experienced significant growth over the past few years, driven by the expanding use of the Internet. As online operations have become more widespread, businesses and consumers have increasingly recognized the importance of maintaining an online presence, leading to robust demand for web design services and boosting the industry’s profit. The rise in broadband connections and online business activities further spotlight this trend, making web design a vital component of modern commerce and communication. This solid foundation suggests the industry has been thriving despite facing some economic turbulence related to global events and shifting financial climates. Over the past few years, web design companies have navigated a dynamic landscape marked by both opportunities and challenges. Strong economic conditions have typically favored the industry, with rising disposable incomes and low unemployment rates encouraging both consumers and businesses to invest in professional web design. Despite this, the sector also faced hurdles such as high inflation, which made cost increases necessary and pushed some customers towards cheaper substitutes such as website templates and in-house production, causing a slump in revenue in 2022. Despite these obstacles, the industry has demonstrated resilience against rising interest rates and economic uncertainties by focusing on enhancing user experience and accessibility. Overall, revenue for web design service companies is anticipated to rise at a CAGR of 2.2% during the current period, reaching $43.5 billion in 2024. This includes a 2.2% jump in revenue in that year. Looking ahead, web design companies will continue to do well, as the strong performance of the US economy will likely support ongoing demand for web design services, bolstered by higher consumer spending and increased corporate profit. On top of this, government investment, especially at the state and local levels, will provide further revenue streams as public agencies seek to upgrade their web presence. Innovation remains key, with a particular emphasis on designing for mobile devices as more activities shift to on-the-go platforms. Companies that can effectively adapt to these trends and invest in new technologies will likely capture a significant market share, fostering an environment where entry remains feasible yet competitive. Overall, revenue for web design service providers is forecast to swell at a CAGR of 1.9% during the outlook period, reaching $47.7 billion in 2029.
Data on recorded music industry revenue in the United States from 2009 to 2023 shows steady growth from 2015 onwards. The revenue reached 11 billion U.S. dollars in 2023, up from the 10.3 billion reported in the previous year. Music is the revenue driver of the audio market With music being part of everyday life as well as a popular form of entertainment, it has been the most popular audio format and is likely to remain the revenue driver of the industry. Global recorded music revenue alone generated a total of 28.6 billion U.S. dollars in 2023. In the United States, recorded music industry revenue amounted to 11 billion U.S. dollars in 2023, which is more than twice as much compared to 2009. Streaming is dominating music consumption Over the years, streaming has become increasingly popular, overtaking other forms of music consumption. Especially physical sales of music have experienced a sharp drop in numbers, only slightly recovering in recent years. Nonetheless, while streaming is by far the most popular way of consumption, the boom it has experienced over the last 10 years or so seems to be slowing down. In 2022, global music streaming revenue only grew by 11.5 percent, which is a significant drop from the growth rate of 24.3 percent in the year before.
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U.S. INTERNET RADIO BROADCASTING MARKET valued USD 720.1 Million in 2024 and is projected to surpass USD 1606.0 Million through 2032
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In recent years, HR and payroll software in the United States has witnessed a transformation spurred by technological advances and reshaped workplace norms, leading industry revenue to skyrocket at a CAGR of 9.1% over the past five years to $20.6 billion, including notable growth of 4.2% in 2024 alone. HR software is unique, bridging the gap between evolving workforce expectations and businesses need to maintain various regulatory and legal barriers. The past few years demonstrate the sector's strategic pivot toward becoming a comprehensive solution for diverse HR functions - from employee engagement to complex benefits administration. This evolution can be attributed to several less prominent yet significant trends like the burgeoning appreciation for HR software’s role in navigating the hybrid work revolution. As offices reopened, businesses faced the intricate task of managing a blend of in-person, remote and hybrid employees. This challenge catalyzed the need for platforms that seamlessly care for attendance, scheduling and productivity across varied work arrangements. Providers have also enhanced their platforms to integrate AI, boosting their offerings. The industry also charted a course toward democratizing the gig economy. By flexing their innovation muscles, HR and payroll software developers embraced the gig workforce, offering tools tailored to manage such work arrangements. HR and payroll software in the US will continue flourishing along with digital business, albeit at a cautiously optimistic pace, with revenue expected to rise at a CAGR of 2.7% to $23.5 billion by 2029. Also, with a profit margin of 15.6% for 2024, it's clear that financial health inside HR companies remains strong. Embracing AI could differentiate leaders in this space. Ultimately, the ability to integrate seamlessly with other business tools while ensuring a user-friendly experience will define the successful adaptation of HR and payroll software providers in an increasingly remote-first work environment.
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The U.S. machine tool industry, a vital component of American manufacturing, is projected to maintain steady growth over the forecast period (2025-2033). With a 2025 market size of $12.25 billion and a Compound Annual Growth Rate (CAGR) of 3.38%, the industry is poised for continued expansion, driven by several key factors. Increased automation across various sectors, including automotive, aerospace & defense, and precision engineering, fuels demand for advanced machine tools. The rising adoption of Industry 4.0 technologies, such as CNC machining centers and robotics, further propels market growth. Government initiatives promoting domestic manufacturing and infrastructure development also contribute positively. However, challenges remain. Supply chain disruptions, fluctuating raw material prices, and skilled labor shortages could potentially constrain growth. The segmentation within the industry reflects this dynamism, with Metalworking Machines capturing a significant share, followed by parts and accessories, and services like installation, repair, and maintenance. The automotive and fabrication sectors remain dominant end-users, but growth is also anticipated from aerospace & defense and precision engineering. Companies like TRUMPF, Haas Automation, and Amada continue to hold significant market share, but smaller, specialized firms are also contributing to innovation and technological advancement within specific niches. This competitive landscape ensures ongoing development and refinement of machine tools, adapting to the evolving needs of diverse manufacturing sectors. The industry's trajectory is influenced by the interplay of technological advancements and macroeconomic conditions. While the consistent CAGR suggests a predictable growth pattern, unforeseen events could lead to deviations. For instance, a significant recession or geopolitical instability could negatively impact investment in capital equipment like machine tools. Conversely, increased government investment in infrastructure projects or a major technological breakthrough could accelerate growth beyond current projections. Continuous monitoring of these factors is essential to understand the true dynamism of this critical industry segment. The long-term outlook remains positive, contingent on the successful navigation of these potential headwinds and capitalizing on opportunities presented by technological progress and evolving manufacturing demands. This report provides a detailed analysis of the U.S. machine tool industry, offering invaluable insights for businesses, investors, and policymakers. We delve into market dynamics, growth drivers, challenges, and emerging trends, providing a comprehensive forecast from 2025 to 2033, with a historical overview spanning 2019-2024. The report utilizes a base year of 2025 and covers key market segments including metalworking machines, parts & accessories, and services (installation, repair, and maintenance). We analyze end-user industries such as automotive, aerospace & defense, and precision engineering, factoring in the impact of recent M&A activity and regulatory changes. This report is essential for understanding the complexities and growth potential of this critical sector of the U.S. manufacturing landscape. Recent developments include: July 2022: Peterson Tool Company, Inc. ("PTC"), a leading provider of machine-specific custom insert tooling solutions, had the previously announced finalized acquisition of its assets by Sandvik. Custom carbide form inserts are part of the product line and are used mainly in the general engineering and automotive industries for high-production turning and grooving applications. The operation will be referred to as Walter's GWS Tool division, which is a part of the Sandvik Manufacturing and Machining Solutions business area., June 2022: Doosan Machine Tools has declared that, as of June 2, 2022, it would become DN Solutions and reemerge as a provider of complete manufacturing solutions. Doosan Machine Tools' new moniker, DN Solutions, indicates a fresh beginning following its merger with DN Automotive, which took over as its parent business in January 2022. Together, DN Solutions and DN Automotive can maximize production capacities and find new growth engines which have a synergistic effect.. Notable trends are: Increasing demand for domestic machine tools driving the market.
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The US Cookies Market report segments the industry into Type (Filled Biscuits, Chocolate-coated Biscuits, Cookies, Sandwich Biscuits, Plain Biscuits, Other Types), Category (Conventional, Better for You), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialist Retailers, Online Retailers, Other Distribution Channels). Get five years of historical data alongside five-year market forecasts.
Information Technology Training Market Size 2025-2029
The IT training market size is forecast to increase by USD 13.23 billion at a CAGR of 6.8% between 2024 and 2029.
The market is experiencing significant growth, driven by the rapid innovations in artificial intelligence, machine learning, and cloud computing. These technologies are transforming the way businesses operate, creating a high demand for IT professionals with specialized skills. Additionally, the growing popularity of blended learning and Massive Open Online Courses (MOOCs) is expanding access to IT training for individuals and organizations, further fueling market growth. Companies seeking to capitalize on this trend can explore opportunities in providing customized training programs, leveraging advanced technologies, and collaborating with educational institutions to offer certifications.
However, challenges such as the evolving nature of IT technologies and the need for continuous skill development may require a flexible and adaptive approach to stay competitive in the market. Overall, the IT Training Market presents substantial opportunities for growth, particularly for those who can effectively address the changing demands of the industry and deliver value to their customers.
What will be the Size of the IT Training Market during the forecast period?
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The market is experiencing significant growth as businesses prioritize upskilling their workforce to adapt to digital transformation and the future of work. This market encompasses various training modalities, including project management, data-driven, soft skills, communication, leadership development, and technical skills. Employee engagement is a key focus, with trends toward gamified learning, personalized learning paths, and remote learning. Corporate culture, knowledge management systems, and performance management are also integral to effective training programs. Compliance training and sustainability training are essential components, ensuring adherence to regulations and promoting environmentally conscious practices.
The market is vast, with offerings for beginners, non-tech professionals, and specialized courses in areas such as AI development and data analysis. The use of microlearning, virtual reality, and agile methodologies further enhances the learning experience. The ultimate goal is to enhance employee competitiveness, improve performance, and drive a strong return on investment (ROI) for businesses.
How is this IT Training Industry segmented?
The information technology (IT) training industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Service
Infrastructure
Development
Database
Security
Others
End-user
Corporate
Schools and colleges
Academic Institutions
Others
Delivery Method
Online/E-learning
Classroom/Instructor-led
Blended Learning
Organization Size
Small Enterprises
Medium Enterprises
Large Enterprises
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
APAC
Australia
China
India
Japan
South America
Brazil
Middle East and Africa
UAE
Rest of World (ROW)
By Service Insights
The infrastructure segment is estimated to witness significant growth during the forecast period. The IT training market encompasses various segments, with infrastructure being a significant area of focus. This segment involves managing and maintaining IT infrastructure, including networking, cloud computing, and systems. IT infrastructure management is essential for enterprise operations, ensuring efficiency, adherence to standards, and interoperability. Training in this area covers desktop and server infrastructure fundamentals, server administration, networking, and cloud computing. E-learning solutions, such as online courses and web-based platforms, are increasingly popular for IT infrastructure training due to their cost-effectiveness, accessibility, and ability to accommodate large workforces. Additionally, hybrid models combining online and on-the-job training offer flexibility and practical experience.
AI integration in training processes enhances teaching expertise and enables personalized learning. Corporate training programs focus on developing IT skills, reskilling, and upskilling employees to meet workforce demands. Cost savings, increased productivity, and financial advantages are key benefits of formal training initiatives. Infrastructure training is crucial for various industries, including finance, healthcare, and cybersecurity, to address the latest developments in technology and mitigate cyber threats.
Get a glance at the market report of share of var
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The U.S. IT Services market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.
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Graph and download economic data for Advance U.S. International Trade in Goods: Imports: Industrial Supplies (AITGIIS) from Apr 2025 to Apr 2025 about supplies, imports, trade, goods, industry, and USA.
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In recent years, beauty product manufacturers have faced significant losses due to unfavorable economic conditions, including high inflation and increasing economic uncertainty. Many cosmetics and beauty products are considered discretionary, causing sales to weaken when disposable income drops. Heightened inflationary pressures in recent years pushed consumers to postpone purchases to downgrade to more affordable products, contributing to revenue losses between 2020 and 2022. Although domestic manufacturers have begun to recover, recent gains are largely driven by higher selling prices despite the smaller basket sizes. Since 2020, revenue has weakened by an estimated CAGR of 1.2% to reach $45.3 billion in 2025, including a 2.4% gain that year alone. During such times, consumers tend to opt for more affordable options, leading to a surge in imports to meet domestic demand. Imported beauty products have gained a larger share of the domestic market, especially those from countries like France, Italy and South Korea, which are perceived to offer higher quality. The growing demand for innovative, inclusive, sustainable and technical products—especially anti-aging and luxury items—creates growth opportunities for domestic manufacturers. Also, companies like Glossier, which leverages social media marketing and the heightened demand for US-made products, have successfully reached international consumers, driving an increase in exports. The ongoing economic recovery is expected to benefit domestic beauty product manufacturers. As consumer confidence and disposable income climb, spending on discretionary items like beauty products will likely increase, supporting manufacturers' performance. The anticipated decline in the world price of zinc, a key material for manufacturers, due to resolved international conflicts, will boost producers' profit. Similarly, the expected depreciation of the US dollar will enhance the performance of domestic producers both domestically and internationally. These factors are set to cause revenue to accelerate at an annualized 2.5% to $51.3 billion through the end of 2025.
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Graph and download economic data for Industrial Capacity: Total Index (CAPB50001SQ) from Q1 1967 to Q1 2025 about capacity, industry, indexes, and USA.
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The US Public Relation Services Market report segments the industry into By Type (Private PR Firms, Public PR Firms), By Solution (Full Public Relations Services, Lobbying, Media Monitoring and Analysis, Media Relations, Other Solutions), By End User (Corporate, Government and Public Sector, Healthcare, BFSI, Consumer Goods and Retail). Includes five years of historical data and five-year forecasts.
In 2024, the output of the business services franchise industry reached 105 billion U.S. dollars. The economic output of the business services franchise industry in the United States increased by approximately 30 percent between 2013 and 2019, reaching 106 billion U.S. dollars. In 2020, however, the sector suffered due to the COVID-19 and the output it generated fell to 91.3 billion U.S. dollars.
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The Report Covers North America Retail Automation Solutions and the Market is Segmented by Component (Hardware, Software), End User (Grocery, General Merchandise, Hospitality), and Country (US, Canada). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
Expert industry market research on the Financial Data Service Providers in the US (2005-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.
Additive Manufacturing Market Size 2025-2029
The additive manufacturing market size is forecast to increase by USD 46.76 billion at a CAGR of 23.9% between 2024 and 2029.
The market is experiencing significant growth, driven primarily by the high demand in the medical device sector for customized and complex components. This trend is further fueled by increasing consumer interest in personalized, 3D-printed products across various industries. However, the market growth is not without challenges. The high initial cost of setting up additive manufacturing facilities remains a significant barrier for entry, limiting the number of players and potentially hindering market penetration. Moreover, the technology's limited material options and the need for specialized expertise pose additional challenges.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on collaborations, strategic partnerships, and continuous innovation to reduce costs, expand material offerings, and improve production efficiency. By staying abreast of the latest industry developments and trends, businesses can position themselves to succeed in this dynamic and evolving market.
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The market continues to experience significant growth and innovation, driven by the increasing adoption of industrial 3d printing technologies in various industries. The market's size is projected to expand at a robust rate, with the automotive and industrial segments leading the charge. Technologies such as fuse deposition modeling, stereolithography, and selective laser sintering are gaining popularity due to their ability to produce complex geometries and reduce production expenses. The market is also witnessing increased regulatory scrutiny, leading to the development of certification standards and quality assurance protocols. The integration of advanced scanning software and design software capabilities is enabling more precise and efficient manufacturing processes.
Mergers & acquisitions and collaboration agreements are common as companies seek to expand their offerings and enhance their competitive positions. Despite the advancements, challenges remain, including the need for installation services, addressing the skills gap, and ensuring compatibility with traditional manufacturing methods. Desktop additive manufacturing and desktop 3d printers are also gaining traction for prototyping and educational purposes. The market's future direction lies in the continued development of more advanced technologies, improved design software, and the expansion of applications beyond prototyping to production. The shift from subtractive manufacturing methods to additive manufacturing is transforming industries, offering new opportunities for innovation and cost savings.
The market's dynamics are shaped by ongoing technological advancements, regulatory developments, and industry 4.0 trends.
How is this Additive Manufacturing Industry segmented?
The additive manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Component
Hardware
Software
Services
End-user
Automotive
Aerospace
Industrial
Healthcare
Defense
Consumer Goods
Education/Research
Others
Material
Plastics
Metals
Ceramics
Others
Technology
Stereolithography
Polyjet printing
Binder jetting
Laser sintering
Fused Deposition Modeling (FDM)
Direct Metal Laser Sintering (DMLS)
Electron Beam Melting (EBM)
Directed Energy Deposition (DED)
Others
Binder jetting
Geography
North America
US
Canada
Europe
France
Germany
Spain
UK
APAC
China
India
Japan
South America
Brazil
Middle East and Africa
UAE
Rest of World
By Component Insights
The hardware segment is estimated to witness significant growth during the forecast period.
Additive manufacturing, also known as 3D printing, is revolutionizing industrial production by enabling the creation of complex parts layer-by-layer. The market for this technology is in a high-growth stage, driven by the increasing adoption in industries such as aerospace, automotive, healthcare, and manufacturing. Industrial 3D printers, which use technologies like Fused Deposition Modeling (FDM), Stereolithography, Selective Laser Sintering (SLS), and Digital Light Processing (DLP), are at the heart of this process. These printers offer advantages such as enhanced material usage, functional parts precision, and reduced production expenses. The dental industry and education sector are witnessing significant growth in the utiliz
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Software publishing companies such as Microsoft and Oracle have become some of the world's most influential entities, primarily because of their omnipresence in the devices people use on an hourly basis. Over the past 20 years, industry revenue has more than tripled, untouched by the Great Recession and boosted by the pandemic. During the current period, the industry has continuously introduced new solutions and has enhanced existing products, leading to revenue climbing at a CAGR of 4.9% to $541.3 billion in 2025, with an increase of 2.9% in 2025 alone, while profit in the current year accounts for 28.3% of industry revenue. The industry's current trajectory has benefited from new operating system technologies. Productivity software has transitioned to cloud-based models, allowing seamless access across devices in various markets. Subscription-based services drive revenue as they provide recurring income for many companies. However, as updates and repairs are deployed through the cloud, these services have stressed profit levels for many companies and support services have become more complex. Meanwhile, advancements in artificial intelligence are revolutionizing software usability and cost efficiency. As AI continues to be adopted, the acquisition activity within the industry remains high as leading tech firms eye opportunities to gain an edge in the highly competitive software market. Moving forward, Cloud computing and SaaS models will continue to drive industry revenue. However, companies that expand their integration capabilities will become more competitive as clients increasingly demand more flexible solutions. Continued advancements in AI will significantly affect innovation within the industry, impacting both development approaches and user experiences. Meanwhile, as cyber threats evolve, industry publishers will invest heavily in new solutions to protect sensitive data and maintain their reputations as reliable providers. Though demand may not reach pandemic-era levels, industry revenue growth is still expected to expand at a CAGR of 2.7% to $618.8 in 2030.