The online photo printing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Online Photo Printing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The online photo printing market size has grown strongly in recent years. It will grow from $12.16 billion in 2023 to $12.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to smartphone penetration, social media usage, digital camera sales, e-commerce growth, technological advancements, changing consumer preferences, increasing internet penetration, rising disposable income, demand for personalized products, and convenience of online ordering.
The online photo printing market size is expected to see strong growth in the next few years. It will grow to $16.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to augmented reality applications, 3D printing innovations, sustainability initiatives, subscription services, the emergence of niche markets, advancements in printing technology, demand for eco-friendly printing options, integration with smart devices and IoT, and expansion of print-on-demand services. Major trends in the forecast period include high-quality prints, mobile printing solutions, integration with social media, on-demand printing, and augmented reality (AR) integration.
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Scope Of Online Photo Printing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Online Photo Printing Market Overview
Market Drivers –
The increasing smartphone penetration is expected to propel the growth of the online photo printing market going forward. A smartphone is a mobile device that combines cellular connectivity with advanced computing capabilities, allowing users to access the internet, run applications, and perform various multimedia functions. Smartphones are being widely adopted due to their versatility, offering users seamless access to communication, entertainment, productivity, and internet services on a single portable device, enhancing convenience and connectivity in modern lifestyles. Smartphones enable easy online photo printing by allowing users to upload and order prints directly from their devices through various apps and websites. This convenience has made photo printing more accessible and user-friendly. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021. This figure increased by over 2 million at the end of March 2022, resulting in a total of 93.5 million subscribers, equivalent to 73.5% of the nation’s adult population. Therefore, increasing smartphone penetration is driving the growth of the online photo printing market.
Market Trends –
Major companies operating in the online photo printing market are focusing on a one-stop shopping solution to provide convenience to customers. The one-stop shopping solution allows customers to order prints online and pick them up from an in-store kiosk within one hour. This provides a convenient and fast way for consumers to get their photos printed without waiting for delivery. For instance, in January 2023, Kodak Alaris Inc., a US-based technology company, launched an online photo printing website for Carrefour France, enhancing its cross-channel shopping experience. Powered by Kodak Moments, the website offers a variety of high-quality, personalized photo products that are printed and assembled in France. Accessible via smartphones, desktop computers, and tablets, it provides consumers with a convenient one-stop shopping solution.
The online photo printing market covered in this report is segmented –
1) By Product: Prints, Wall Art
2) By Type: Digital Printing, Film Printing
3) By Applications: Enterprise, Individual
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Regional Insights –
North America was the largest region in the online photo printing market in 2023. The regions covered in the online photo printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the online photo printing market are Cimpress plc, Shutterfly Inc., Eastman Kodak Company, Cewe Stiftung & Co KGaA, Printful Inc., Photobox Ltd, FUJIFILM Corporation, Zazzle Inc., Minted LLC, Mpix, Millers Professional Imaging Co, Moo Print Ltd, Blurb Inc, Bay Photo Lab, Snapfish LLC, Artifact Uprising LLC, Mixbook Inc, Nations Photo Lab LLC, Ifolor AG, Digitalab Ltd, Saal Digital Photoservice GmbH, GotPrintcom Inc, Printique, Chatbooks Inc, PSPrint
Table of Contents
1. Executive Summary
2. Online Photo Printing Market Report Structure
3. Online Photo Printing Market Trends And Strategies
4. Online Photo Printing Market – Macro Economic Scenario
5. Global Online Photo Printing Market Size and Growth
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32. Global Online Photo Printing Market Competitive Benchmarking
33. Global Online Photo Printing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Online Photo Printing Market
35. Online Photo Printing Market Future Outlook and Potential Analysis
36. Appendix
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