FOR IMMEDIATE RELEASE
October 11, 2018
— Companies Included: Lifetouch Inc, Studio Alice Co Ltd., Getty Images, Inc., Portrait Innovations, Inc.
Photographic services include processes for creating durable images by recording light or through an electromagnetic radiation by means of an image sensor or chemically by means of a light sensitive photographic film. It includes editing, processing and presenting pictures as desired by customers. Photographic services include school portraits, wedding photography, special occasions and event photography.
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The global photographic services industry has shown moderate growth with a historic CAGR of around 3%. In 2017 highest ever market value recorded in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims in this market.
The report also shows the photographic services industry market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Photographers and service providers are increasingly exploring opportunities in niche markets to increase market value and customer base. Expertise and specialization in fields of sports, events, landscapes, wildlife, weddings, and street photography, are significantly gaining popularity.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Lifetouch Inc, Studio Alice Co Ltd., Getty Images, Inc., and Portrait Innovations, Inc.
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