Market Research Future (MRFR) presumes The Global Photo Printing Market size to hit USD 26,113.0 Million at a CAGR of 12.3% from 2018 to 2023 (forecast period). The increasing use of smartphones, tablets, and digital cameras is leading to high-quality photo capturing capabilities that drive the growth of the photo printing industry. Increased demand for photo printing for decorative purposes also has an impact on the development of the industry. Factors such as the rising adoption of photo printing products and services and the increasing tendency towards variable data printing and customization are fuelling the growth of the market for photo printing. The development of advanced photo printing technology and the availability of instant printing technologies are also propelling the growth of the photo printing industry.
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The significant players of the global photo printing market are included as Snapfish (US), Cimpress (Netherlands), Mpix (US), Digitalab (UK), Eastman Kodak Company (Japan), Perion Network Ltd (Israel), Bay Photo Lab (US), Shutterfly, Inc. (US), ProDPI (US) and AdorPix LLC (US).
The global market of photo printing has been segmented among the various segments of type, printing device, and end-use application.
Based on the type segment, the market has included digital printing and film printing.
By the segment of the printing device, the market has included mobile type and desktop type.
By the segment of end-use applications, the market has included online stores, instant kiosks, retail, and over-the-counter.
Europe, Asia-Pacific, North America, and the Rest of the World are the regions included in the study of the global market of photo printing regional analysis.
The region of North America acquired the largest market share back in the year 2017, owing to the rising trend of content sharing on social media platforms. This has indirectly impacted the growth of the photo printing market in this region.
In fact, the purchase rate of mobile or portable photo printers for individual use in the US and Canada is elevated, which leads to the augmentation of this market. In fact, the region of Asia-Pacific is also likely to be the fastest-growing region throughout the estimated period as the innovation in digital cameras by companies such as Sony Corporation and Panasonic Corporation. These companies have enabled the consumers to directly print their photos on merchandise, albums, mugs, cards, wall decor, and gifts. The market in China is likely to expand at an advanced rate than most of the countries around North America and Europe at an average year on year growth of nearly 20%.
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