The Business Research Company’s Photo Sharing 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 Photo Sharing Global Market Report 2023 evaluates photo sharing 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 photo sharing market is expected to grow from $4.79 billion in 2022 to $5.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 photo sharing market is expected to reach $6.55 billion in 2027 at a CAGR of 6.4%.
The increase in the number of content creators is expected to propel the growth of the photo-sharing market going forward. Content creators are individuals or entities who produce and share original content across various mediums, such as writing, photography, videography, podcasting, and social media. They play a significant role in the digital landscape by creating and sharing informative, entertaining, educational, or inspirational content. Content creators generate user-generated content, including photos, which drives the volume of shared photos on these platforms. The engagement-driven ecosystem created by content creators and their audiences further supports the growth of the photo-sharing market. For instance, in May 2023, according to the Creator Economy Report published by the Influencer Marketing Factory, a US-based influencer marketing agency, the number of content creators increased from around 50 million in 2021 to over 207 million in 2023, representing a remarkable growth of 314% over two years. Therefore, the increase in the number of online content creators is driving the growth of the photo-sharing market.
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The photo sharing market segments in the report are:
1) By Platform: Free Service Membership, Paid Service Membership
2) By Application: Mobile Devices, Personal Computer
3) By End User: Individual, Enterprise
The table of contents in TBRC’s photo sharing market report includes:
1. Executive Summary
2. Photo Sharing Market Characteristics
3. Photo Sharing Market Trends And Strategies
4. Photo Sharing Market – Macro Economic Scenario
5. Photo Sharing Market Segmentation
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26. South America Photo Sharing Market
27. Brazil Photo Sharing Market
28. Middle East Photo Sharing Market
29. Africa Photo Sharing Market
30. Photo Sharing Market Competitive Landscape And Company Profiles
Top Major Players:
- Amazon.com Inc
- Apple Inc
- Google LLC
- Meta Platforms Inc
- Hewlett-Packard Company
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