Global Photographic Services Market Is Forecast To Grow At A High CAGR To 2020
Posted December 28, 2018 by vamshi1
The global photographic services market was valued around $43 billion in 2017. North America was the largest region in the photographic services market in 2017, accounting for around 44% of the total market.
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The global photographic services market is forecast to grow at a CAGR (compound annual growth rate) of around 3.3% to 2020.
Photographic Services Market Segmentation
According to TBRC’s global photographic services market research, the market is split by segments into portrait studios, and commercial studios.
Portrait studios was the largest segment in the global photographic services market with a 70% share of the market. These studios provide video, still or digital portrait photography services.
Commercial studios segment had around 30% share of the global photographic services market. These studios take pictures for commercial use such as advertisements or merchandising.
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In the global photographic services market, Russia had the highest CAGR (compound annual growth rate) of nearly 10%; this country is expected to grow at a CAGR of 7.7% in the forecast period.
The global photographic services market report covers the following regions under the geographical analysis section: Asia pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global photographic services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are Lifetouch Inc., Studio Alice Co Ltd, Getty Images, Inc., and Portrait Innovations, Inc.
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| Tags | photographic services market |
| Last Updated | December 28, 2018 |