Developments in Printing Equipment to Drive Photo Printing Market
The global photo printing market is expected to exhibit a strong 12.3% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global photo printing market was valued at USD 13.1 billion in 2017 and is expected to rise to a valuation of USD 26.1 billion by 2023. The report provides a greatly detailed profile of the global photo printing market and gives readers an all-inclusive overview of the market. The past, present, and future of the market are studied in the report, with detailed historical analysis, present statistics, and future projections. Historical statistics revealing the market’s historical growth trajectory are studied in detail in the report. Based on these statistics and a study of the major drivers and restraints affecting the market, future projections can be made for the photo printing market. Based on this platform, future projections for the photo printing market’s growth trajectory over the forecast period are provided in the report. A comprehensive analysis of the leading players in the photo printing market is also provided in the report, which profiles the major players operating in the market. The major factors and trends affecting the global photo printing market are assessed in the report. The impact of the COVID-19 pandemic on the photo printing market is also assessed in the report.
Photo printing is an age-old technology that has suffered from the advent of digital photography and social media sharing, which negates the need for photo printing altogether. An increasing number of consumers now click photos on their smartphones and share them from the smartphones on to social media, which removes the need for printing altogether. However, photo printing has survived in spite of the growing popularity of digital photography and is likely to grow steadily over the forecast period. The growing demand for fine art and customized prints in print photography is likely to be a major driver for the global photo printing market over the forecast period.
Developments in photo printing technology are also likely to remain a major driver for the global photo printing market over the forecast period. With technological advancements in printing technology, more advanced photo printing equipment has come up in the market. This has been a major driver for the photo printing market, as this has attracted new customers and encouraged preexisting customers to make upgrades on their equipment. This is likely to remain a major driver for the global photo printing market over the forecast period.
Get a FREE sample @ https://www.marketresearchfuture.com/sample_request/2701
Photo Printing Market Competitive Leaderboard:
Leading players in the global photo printing market include ProDPI, AdorPix LLC, Bay Photo Lab, Shutterfly Inc., Eastman Kodak Company, Perion Network Ltd., Mpix, Digitalab, Snapfish, and Cimpress.
In March 2019, Mpix launched Thirty9, a site offering wall decor from a curated list of professional photographers. This site offers four collections of photos—a neutral palette, deep reflections, plant new trees, and step outside, for printing on a variety of substrates.
In March 2019, Smilebox, one of the business segments of Perion Network Ltd., launched Smilebox for Gmail add-on. This add-on enables users to customize and send animated eCards to their family and friends directly from their Gmail accounts easily.
In January 2019, Kodak launched its line of instant-print photography products, the KODAK SMILE Instant Print. The product line features the KODAK SMILE classic instant print digital camera, the KODAK SMILE instant print digital camera, and the KODAK SMILE instant digital printer.
In September 2018, Snapfish acquired CafePress, a recognized pioneer of customizable products, to expand its photo and non-photo product offerings. This acquisition created a combined platform of photo and non-photo-based products that produce thousands of personalized products for consumers globally.
Photo Printing Market Segmentation:
The global photo printing market is segmented on the basis of type, printing device, end use, and region.
By type, the global photo printing market is segmented into digital and film.
By printing device, the global photo printing market is segmented into mobile type and desktop type.
By end use, the global photo printing market is segmented into retail, online stores, instant kiosks, and over the counter.
Photo Printing Market Regional Analysis:
North America is likely to account for the largest share in the global photo printing market over the forecast period.
View FULL report @ https://www.marketresearchfuture.com/reports/photo-printing-market-2701
Table of content
1 Executive Summary
1.1 Market Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Forecast Model
4 Market Dynamics
4.2.1 Rising Adoption Of Photo Printing Products And Services
4.2.2 Shift Towards Variable Data Print And Customization
4.3.1 High Cost Associated With The Installation And Maintenance Of Self-Printing Kiosk
4.4.1 Integration Of Artificial Intelligence In Digital Printing