A glance at the market of digital photography (2020-2025)

digital photography
Market Research
0
4

The growing popularity of social media and the custom of sharing in them has transformed the digital photography market. With the advent of camera technology and various photo-editing tools, photographers can easily use technology while consumers take professional photos without specialists. The Internet, as one of the drivers of the market, has created a revolutionary market among the young population, so in the coming years, the demand for professional digital photography as entertainment will be increasing.

If you are interested in having more information on the market maps published in other fields, you can read ” What is market research? In this article, we have compiled all the market maps published in Retiba.

Market / Industry segment of digital photography

Base YearMarket size(B$)Duration(YEAR)CAGR(%)Source Name
201779.1267.40%PRNewswire
201641.953.10%BCCreserach
201779.1297.04%Visionresearchreports
201577.6666.10%Atorzresearch
201577.66710.61%Zion market research

Influencing factors that changes market size of digital photography

The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of digital photography

Direct drivers:

  • 1. Increase in professional photography
  • 2. Influence of photo-sharing social networks
  • 3. Increasing young population

Reverse drivers:

  • 1. Enhancement of simple photo-editing tools on mobile phones
  • 2. Increased quality of mobile phone cameras

This market may also be threatened by following risks:

In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment identifying risks in the market to perform risk management. The market of digital photography may also be threatened by the following risks:

  1. Competitors risk
  2. Reputation risk
  3. Technology risk

Related Blog Posts

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.

Free Valuation Tools

Menu