Photographic Services Global Market To Reach Value Of About $44 Billion In 2025
18 Feb, 2021
The photographic services market consists of the sales of photographic services and related goods by entities (organizations, sole traders and partnerships) that offer services for planning, developing, creating and managing the processes for creating durable images by recording light or through electromagnetic radiation by means of an image sensor or chemically by means of a light sensitive photographic film. It includes editing, processing and presenting pictures. Photographic services include school portraits, wedding photography, special occasions and event photography
Global Photographic Services Market Size And Drivers:
The global photographic services market is expected to grow from $32.2 billion in 2020 to $36.2 billion in 2021 at a compound annual growth rate (CAGR) of 10.%. The market is expected to reach $44.7 billion in 2025 at a CAGR of 5%. Widespread sharing of pictures on websites and social networking platforms is expected to contribute to the growth of the photographic services market during the forecast period. Increased internet penetration in many developed and developing countries, especially among urban and younger population, is further driving the demand of professional photographic services.
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Trends In The Global Photographic Services Market
Photographers and service providers are increasingly exploring opportunities in niche markets to increase market value and customer base. Expertise and specialization in fields of sports, events, landscapes, wildlife and street photography, are significantly gaining popularity. Companies and individuals are focusing on aerial photography, babies, pets, fashion, travel, and photo journalism. This trend is also helping companies market their services to targeted audiences and reducing operating costs.
Global Photographic Services Market Segments:
The global photographic services market is further segmented based on type, application and geography.
By Type:Portrait Studios Services, Commercial Studios
By Application:Children, Youth, Adult
Subsegments Covered:School Photography Services, Personal Photography Services, Wedding Photography Services, Other Photography Services
By Geography:The global photographic services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global photographic services market, accounting for 41% of the total market.
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Photographic Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides photographic services market overviews, analyzes and forecasts market size and growth for the global photographic services market, photographic services market share, photographic services market players, photographic services market segments and geographies, photographic services market’s leading competitors’ revenues, profiles and market shares. The photographic services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.