Photo Printing Market Forecasted to Attain New Growth Level by 2022 | Global Vendors: Kodak, Cimpress, Shutterfly, Snapfish, Bay Photo Lab, Digitalab, AdorPix, Mpix, ProDPI

Global Photo Printing Market – Overview
Increased interest in taking photos has increased the demand subsequently for the photo printing market around the world. Market Research Future which concentrates on market reports linked to semiconductors & electronics sector amongst others recently made available a report on this sector. The industry is expected to achieve USD 2,693 million by the end of the year 2022 while growing with a 5 per cent CAGR during forecast period.

Photo printing market had faced a downswing because of the emergence of digital devices for storing and taking photos. Since the photographs might be saved virtually for as long as required and shared with multiple users, the demand for such devices grew. Printing of 3D pictures has further boosted the need for photo printing in conjunction with the advent of HD prints which has further boosted image quality. This particular trend has positively reinvigorated the photo printing market. Escalating desirability for numerous electronic devices can be a potential restrictive factor for the photo printing market around the world.

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Industry Updates:
Dec 2017 HP Sprocket has been launched by HP which is a convenient -sized printer that fits nearly in the palm of your hand. It has the ability to connect to your smartphone or tablet via bluetooth and recharges through USB, and can be used handily to print photos as required.

Jan 2018 The Kodak Photo Printer Dock Model PD450W which was launched recently by Kodak, was announced last year and the model works with an extensive range of the newest Android and iOS smartphones as well as with tablets, USB sticks and digital cameras Each photo paper set in the pack comprises of a fully-enclosed ink pack that uses dye diffusion transfer inks to print the images. The product can be set up relatively easily and can be used easily without much difficulty.

Industry Segments
For the aim of this study, the global photo printing has been divided on the basis type, application, end-users and region.
On The Basis Of Type: Film Printing, Digital Printing. Digital printing segment is expected to grow at increased pace in the forecast period.
On The Basis Of Application: Desktop, Mobile. Mobile photo printing segment will see a robust pace of development in the forecast period.
On The Basis Of End-Users: Retail, Online Stores, Instant Kiosk and Others. Instant kiosks and online stores are emerging as rapidly growing segments in this market.
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

Global Competitive Analysis
The profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The businesses in this trade area are combining their resources to attain their vision for achieving a substantial portion of the business as early as possible. This has raised the possibilities for the approaching growth period significantly. The merchandise that are being provided presently differ greatly because of the rationale of the robust pace of technological discoveries. This consequence is productive for companies so they can aim to uphold their commercial enterprise's liquidity to take the most effective decisions in terms of strategy execution and designing.

The noteworthy players in the global photo printing market include Cimpress (Netherlands), Eastman Kodak Company (U.S.), Shutterfly, Inc. (U.S.), Bay Photo Lab (U.S.) and Snapfish (U.S.).

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Detailed Regional Analysis
Regionally, the North American is the leading market share, since the growing adoption of huge capacity of photo merchandise items like photo cards, photo books & canvas prints in this area. Though, the Asia-Pacific region is estimated to develop over the forecast period primarily owing to speedy technological progressions and growth of internet connectivity in this area.

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This release was published on openPR.