NEW YORK, USA, January 11, 2022 /EINPresswire.com/ — Summary –
New research study on stock photography market Increased exposure to social and digital media platforms has resulted from increased internet penetration and increased use of smart devices such as smart phones and tablets. Additionally, stock photography is becoming increasingly popular on social media platforms as digital media platforms gain popularity for consumer acquisition, marketing, and promotions. It allows marketing companies to use photographs to promote their products and services to increase views and customer responses. This has increased image visibility and improved business opportunities for stock photography vendors. Social media is one of the most popular places for advertising, marketing and consumer acquisition. This has prompted a number of marketing companies to use these platforms to promote a variety of products and services.
Global Stock Photography Market was valued at 3.3 Billion US$ in 2020 and is projected to reach 4.8 Billion US$ by 2028 at a CAGR of 5.2% from 2021-2028.
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The research contains detailed information on major end users as well as annual projections. It also contains revenue forecasts for each year, as well as sales and market growth projections. By examining market segments and forecasting the global Stock Photography market, the research also helps in understanding market dynamics and structure. Benchmarking of key global competitors by product, price, financial status, product portfolio, growth strategies, and geographic presence is also included in the report. PEST analysis, PORTER analysis and SWOT analysis are also included in the research to help shareholders plan their efforts and investments in the near future in a specific market segment.
Top Growing Companies –
Major players operating in the global stock photography market include Adobe Stock, Getty Images, Visual China Group (VCG), Shutterstock, 123RF, Agence France Presse (AFP), Agefotostock, Alamy, AP Images, Artlist, Coinaphoto, Depositphotos , Dissolve, Dreamstime , East News, Envato, Fotosearch, ImagineChina, Masterfile, The Mega Agency, Newscom, Photofolio, Pixta, Pond5, PR Photos, Redux Pictures, Reuters Images, SilverHub Media, Stocksy, SuStock Videotock, Imagesbazaar, Videvo, PEXELS , NHK Video Bank, Nippon News, Motion Array, Storyblocks, WENN and ZUMA Press
Market opportunity –
Several photographers and stock image service providers are now adopting state-of-the-art photographic equipment as they produce high-definition and featured photography. Advanced photographic equipment allows photographers to add effects to their photographs in addition to improving image quality. The introduction of modern photographic equipment has made it easy and convenient for photographers to take various photographs of their choice without encountering external obstacles, which has led to an expansion of the market in the next few years.
The latest publication dealing with huge shifts in stock photography market business strategy with a dynamic growth prospect is the research study Coherent Market Insights. This study covers a wide range of topics and is based on extensive research on the latest market trends, development strategies, growth patterns, and regulatory laws. The Stock Photography market report begins with a collection of data and information on industry technological advancements, market trends, innovation and development capabilities of key global players.
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Impact of COVID-19
Everyone, including photographers, has been affected by the current COVID-19 pandemic and its economic consequences. Several photographers have lost money due to lack of work, lack of photography-related events and potential clients, especially commercial clients, who do not have the financial means to invest in photography. Dreamstime, for example, has launched a number of measures to help photographers and others affected by the COVID-19 pandemic, including a recently announced increase in royalties.
Research Methodology –
The analyst team has examined the major players on the prowl, topographic divide, product type and representation, and end-customer applications in the market. It shows the calculated transaction revenue for each share and region. Necessary and optional information in the stock photography market research is structured using diagrams and pie charts. The overall report is attractive, with a basic structure, arrangements and certain realities based on reassurance and knowledge.
Market segmentation –
By product type: stock images and stock videos
By license: royalty-free (RF) and with rights management (RM)
By end user: marketers, film and TV producers, media and publishing companies, businesses and individual creators, and others
By source: Macrostock and Microstock
Regional analysis –
Geographically, the stock photography market is divided into regions such as North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The research covers everything from manufacturing and customer shares to market size and market share, import and export ratios, supply and demand, consumer demand ratios , technological improvements, R&D, organizational growth, economic growth and a strong market presence in each region. The report covers a detailed analysis of each major regional market across the globe and provides forecasts of future prospects for it.
North America – (United States, Canada, Mexico and rest of North America)
Europe – (Germany, France, UK and Rest of Europe)
Asia-Pacific – (China, Japan, India and rest of Asia-Pacific)
Latin America – (Brazil and rest of Latin America.)
Middle East and Africa – (Saudi Arabia, United Arab Emirates, South Africa and Rest of Middle East and Africa)
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Reason for access
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Stock Photography market
· Highlights key business priorities to help companies realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Stock Photography Market, thereby allowing players to develop effective long term strategies.
· Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets.
· Discuss in depth the global market trends and outlook associated with the factors driving the market, as well as those hindering it.
· Improve the decision-making process by understanding the strategies that drive business interest with respect to products, segmentation, and industry verticals.