The Photo Sharing Global Market Report 2023, provides comprehensive information on the photo sharing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Photo Sharing Global Market Report 2023, the global photo sharing market is expected to grow from $4.79 billion in 2022 to $5.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The photo sharing market is expected to reach $6.55 billion in 2027 at a CAGR of 6.4%.
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Product innovations are a key trend gaining popularity in the photo-sharing market. Major companies operating in the photo-sharing market are introducing new features to sustain their position in the market. For instance, in June 2023, Meta Platforms Inc., a US-based technology company, released a new HD photo-sharing feature in their popular messaging application, WhatsApp. The new feature allows users to send high-quality photos in conversations. Although it doesn’t send full-resolution images, the new feature preserves the resolution with lighter compression, resulting in much higher quality than the current image-sending option. Users can choose between standard and HD quality when sending an image, with the resolution displayed for better understanding. This option is available for larger-size images and can be found in the latest WhatsApp beta for Android and iOS.
The photo sharing market is segmented:
1) By Platform: Free Service Membership, Paid Service Membership
2) By Application: Mobile Devices, Personal Computer
3) By End User: Individual, Enterprise
North America was the largest region in the photo sharing market in 2022.
The table of contents in TBRC’s photo sharing market report includes:
1. Executive Summary
2. Photo Sharing Market Characteristics
3. Photo Sharing Market Trends And Strategies
4. Photo Sharing Market – Macro Economic Scenario
5. Global Photo Sharing Market Size and Growth
……………….
32. Global Photo Sharing Market Competitive Benchmarking
33. Global Photo Sharing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Photo Sharing Market
35. Photo Sharing Market Future Outlook and Potential Analysis
36. Appendix
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