Photo Printing and Merchandise Market Poised for Robust CAGR of over 2.6% through 2026
Advent of digital imaging technology can be identified as the point from where roll films were ordained to go out of business.
The declining demand for cameras with film rolls is directly associated with growing adoption of digital cameras. Consumers grew more inclined towards digital cameras, thereby making photo printing and merchandise obsolete.
Furthermore, time consumed by dye sublimation photo printers added to this shift towards instantaneously-rendered digital images. Poor image quality and expensive costs of conventional inkjet printers further deterred consumers from photo printing & merchandise.
Future Market Insights’ recent report predicts a very unavailing future for the global photo printing & merchandise market. Above factors have been compiled in the report to define the dynamics of global market for photo printing & merchandise. Based on these, the US$ 16.8 Bn market for photo printing & merchandise will see a decelerated revenue growth at 2.6% CAGR, bringing in just over US$ 21.7 Bn by the end of 2026. Future Market Insights projects that in the ten-year forecast period, photo printing & merchandise worth a little less than US$ 5 Bn will be sold across the globe. The report also highlights trends which will, in one way or another, boost the sluggish adoption of photo printing among digital age consumers.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1588
Firstly, manufacturers of photo printing merchandise are expected to maintain more focus on introducing kiosks for increasing marketing exposure. Companies like Fujifilm Group have already deployed their SmartPix photo kiosks across various commercial settings such as supermarkets, malls and camera shops, and have also augmented them with enhanced connectivity features. Instating NFC capabilities in photo printing kiosks can be also observed as another promising opportunity for manufacturers to generate interest among customers towards conventional photo printing.
Although, almost half of global photo printing & merchandise revenues are likely to be coming from online sales. While instant kiosks account for less than 10% of the market value, online distribution of photo printing & merchandise will bringing more than US$ 12.2 Bn revenues through 2026. Meanwhile, distribution of photo printing & merchandise through retail channels will be scaling down rigorously, exhibiting a negative 1.6% CAGR during the forecast period.
The report has analysed that in 2016, an estimated one-third of global photo printing & merchandise revenues emanated from sales of film printing. This indicates that a majority of consumers are preferring digital printing merchandise. Also, over the forecast period, the report projects an impressive growth in demand for mobile application-based photo printing. Desktop applications are expected to lose out to mobile applications as this mode of printing is projected to register a comparatively faster revenue growth at 4.9% CAGR.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1588
The report also predicts fastest revenue growth in the Asia-Pacific excluding Japan region – 3.9% CAGR. North America is also expected to dominate with nearly one-fourth stake in global revenues, although the region is likely to lose out its presence beyond 2020. Leading manufacturers of photo printing & merchandise, profiled in the report, include Sanpfish, Eastman Kodak Company, Cimpress NV, Bay Photo Inc., Digitalab, AdoramaPix LCC, Shutterfly, Inc., and Mpix.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Photo Printing and Merchandise Market Poised for Robust CAGR of over 2.6% through 2026 here
News-ID: 607348 • Views: 101
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small