Dublin, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The "Global Digital Photography Market Size, Share, Growth Analysis, By Type, By Application - Industry Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global digital photography market size was valued at $105.2 billion in 2021 and is poised to grow from $109.83 billion in 2022 to USD 161.82 billion by 2030, growing at a CAGR of 4.4% in the forecast period (2023-2030).
The global digital photography market has witnessed significant growth in recent years. Advancements in technology, such as high-resolution cameras and smartphone integration, have fueled the demand for digital photography. Rising social media usage and the popularity of photo-sharing platforms have further contributed to market growth. Additionally, the increasing adoption of digital photography in various industries, including advertising, media, and e-commerce, has created lucrative opportunities for market players.
Segments covered in this report
The Global Digital Photography Market is segmented based on Type, Application, and Region. Based on the Type, the Global Digital photography Market is segmented as Photo Processing Equipment, Interchangeable Lenses, CameraCell Phones, Non-Reflex, and Others. Based on the Application, the global digital photography market is segmented as Photography Software, Photo Looks, Photo Processing, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The demand for high-resolution still cameras has experienced a rapid surge in various industries, including entertainment, media, sports, as well as personal and professional photography. The film industry, known for its substantial influence and wealth, is among the leading sectors worldwide that extensively utilize digital cameras. Moreover, the advent of social media platforms like Instagram has greatly expanded the horizons of photography, contributing to the anticipated growth of the global digital photography market.
Restrain
The anticipated growth of the global digital photography market is likely to be impeded by several factors, including the renowned issues of high ISO image noise and aliasing in digital images, a prolonged cycle of product substitution that limits the revenue from new customers, and a thriving market for renting and purchasing pre-owned photography equipment.
Trends
The progression of video and digital cameras into network devices is expected to bring about significant opportunities for wireless operators and film vendors. This development enables wireless connectivity between digital cameras and personal computers as well as the Internet, introducing enhanced levels of convenience for consumers. While this has the potential to greatly increase market demand, it also poses a higher risk of data theft.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 157 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $109.83 Billion |
| Forecasted Market Value (USD) by 2030 | $161.82 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Companies Mentioned
- Canon Inc.
- Nikon Corporation
- Sony Corporation
- Fujifilm Holdings Corporation
- Olympus Corporation
- Samsung Electronics Co., Ltd.
- Leica Camera AG
- GoPro, Inc.
- Ricoh Company, Ltd.
- Hasselblad
- Phase One A/S
- Sigma Corporation
- Zeiss
- Casio Computer Co., Ltd.
- Pentax Ricoh Imaging Company, Ltd.
- Seiko Epson Corporation
- Polaroid Corporation
- Lytro, Inc.
- DJI
- Panasonic Corp
For more information about this report visit https://www.researchandmarkets.com/r/bbicsf
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