The global photography services market is expected to post a CAGR of
close to 5% during the period 2019-2023, according to the latest market
research report by Technavio.
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Technavio has published a new market research report on the global photography services market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global photography services
market size is the growing global still images market. The demand for
still images is increasing significantly across the world owing to the
rising Internet penetration, and the growing popularity of social media
platforms. This is resulting in the increased demand for photography
services, as the shooting of still images requires expertise which can
be offered by photography service providers. Therefore, the growing
demand for still images will stimulate the photography services market
growth during the forecast period.
As per Technavio, the growing use of technologically advanced services
in photography will have a positive impact on the market and contribute
to its growth significantly over the forecast period. This global
photography services market 2019-2023 research report
also analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global photography services market: Growing use
of technologically advanced services in photography
The photography landscape has witnessed several technological
developments over the past few years and it continues to experience
constant innovations and advancements. The use of technologically
advanced photography equipment in photography services ensures the
production of highly defined and featured photographs. Thus, the use of
advanced technology photography equipment will improve the quality of
service, which will drive the adoption of photography services across
the globe. This will spur the growth of the global photography services
market during the forecast period.
“Apart from the growing use of technologically advanced services in
photography, factors such as the increasing demand for special occasion
photography, and the growing popularity of photography on digital media
platforms will have a significant impact on the growth of the
photography services market size during the forecast period,” says a
senior analyst at Technavio.
Global photography services market:
This market research report segments the global photography services
market by application (consumer and commercial) and geographic regions
(APAC, Europe, MEA, North America, and South America).
The North American region led the market in 2018, followed by APAC,
Europe, MEA, and South America respectively. The photography services
market growth can be attributed to the introduction of technologically
advanced photography services and the growing use of online platforms to
share, deliver, and retain photographs as part of a person’s or an
organization’s memorabilia. In addition, the growing demand for
personalized and customized photography services is fueling the growth
of the photography services market in North America.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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