The Business Research Company’s Digital Photography Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Digital Photography Global Market Report 2023 evaluates digital photography market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global digital photography market is expected to grow from $47.59 billion in 2022 to $50.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital photography market is expected to reach $62.81 billion in 2027 at a CAGR of 5.5%.
The increasing number of smartphone users worldwide will drive the digital photography market going forward. Smartphone users use a smartphone, a cellular telephone with an integrated computer, and other functions not previously associated with cell phones, such as an operating system, the capacity to execute software programs and web surfing. Smartphones are the primary camera for many individuals, offering convenience, portability, and increasingly advanced camera capabilities. This widespread adoption of smartphones as cameras has led to more extensive user engagement in digital photography. For instance, in 2023, according to the Global System for Mobile Communications Association, a UK-based non-profit organization for mobile network operators worldwide, by the end of 2022, over 5.4 billion individuals worldwide had enrolled in mobile service, with 4.4 billion additionally using mobile internet. Furthermore, the percentage of smartphone connections was 76% in 2022 and is predicted to climb to 92% by 2030. Therefore, the increasing number of smartphone users worldwide is expected to propel the digital photography market.
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The digital photography market segments in the report are:
1) By Type: Photo Processing Equipment, Interchangeable Lenses, Camera Cell Phones, Other Types
2) By Application: Photography Software, Photo Looks, Photo Processing, Other Applications
3) By Distribution Channel: Online, Offline
4) By End-User: Personal, Profession
Top 5 Major Key Players Are:
Samsung Electronics Co Ltd
PENTAX Imaging Co
Sony Corp
Panasonic Corp
Canon Inc
Table Of Contents
1. Executive Summary
2. Digital Photography Market Characteristics
3. Digital Photography Market Trends And Strategies
4. Digital Photography Market – Macro Economic Scenario
5. Digital Photography Market Size And Growth
……..
32. Global Digital Photography Market Competitive Benchmarking
33. Global Digital Photography Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Photography Market
35. Digital Photography Market Future Outlook and Potential Analysis
36. Appendix
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