Photographic Services Market players are increasing their value through niche segments
The Business Research Company Global Photographic Services Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, January 13, 2022 /EINPresswire.com/ — Photographers and service providers are increasingly exploring opportunities in niche markets to increase market value and customer base. Photographic Services Market trends involve expertise and specialization in the fields of sports, events, landscapes, wildlife and street photography, are gaining tremendous popularity. Businesses and individuals focus on aerial photography, babies, pets, fashion, travel and photojournalism. This trend is also helping companies market their services to targeted audiences and reduce their operating costs. Working in niche markets allows photographers to fetch relatively high prices for their services and specialization, thereby increasing their profitability.
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North America was the largest region in the photographic services market in 2021. Asia-Pacific was the second largest region in the photographic services market. Regions covered in TBRC’s Photographic Services Market Outlook are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The global photo services market size is expected to grow from $38.93 billion in 2021 to $42.81 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The growth of the photographic services market is mainly due to the companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive confinement measures involving social distancing, working at distance and the closure of commercial activities which led to operational interruptions. challenges. The photography services market is expected to reach $59.30 billion in 2026 with a CAGR of 8.5%.
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The major players covered in the global photographic services industry are Shutterfly, Inc., Studio Alice Co Ltd, Getty Images Inc., Lifetouch Inc, Studio Alice Co Ltd, Getty Images Inc, Portrait Innovations Inc and Cherry Hill Photo Enterprises.
TBRC’s global photography services market overview is segmented by Type into Portrait Studio Services, Commercial Studios, by Application to Children, Youth, Adults, by Service Provider to Large Enterprises, Small and Medium Enterprises.
Global Photography Services Market Report 2022 – By Type (Portrait Studio Services, Commercial Studios), By Application (Children, Youth, Adults), By Service Provider (Large Enterprises, Small & Medium Enterprises) – Market Size , Trends and Global Forecasts 2022 – 2026 is part of a series of new reports from The Business Research Company which provides an overview of the global Photographic Services market, forecasts the global Photographic Services market size and growth for overall market, Photographic Services market segments, geographies, Global Photographic Services market trends , Photographic Services Market Drivers, Constraints, Revenue, Profiles and Key Competitors. market shares.
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