(ARC Advisory Group: Boston) -- The 3-D laser scanning market, including hardware, software, and services, is rather dynamic, and major segments are experiencing rapid product innovation. The market contains exceptional growth opportunities as older mechanical methods are replaced and improved work flow lowers overall project costs and enables more projects. For the forecast period, the market is expected to grow with a compound annual growth rate (CAGR) of 15.4 percent, according to a new ARC Advisory Group study.

The study, “3-D Laser Scanning Worldwide Outlook,” was recently published by the research advisory firm. 3-D laser scanning advances in the areas of workflow, software, and ease-of-use are rapidly expanding the applications for it,” says ARC research director Ralph Rio, the principal author of the study. “One example is the increase in computational horsepower and memory size with 64-bit computing, which supports using a massive point cloud rather than smaller segments. This is just one of many areas providing a huge improvement in productivity and lower overall project cost.”

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