North America Photographic Services Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Photographic Services Market Analysis
The photographic service market has generated a revenue of USD 5 billion in the current year and is poised to register a CAGR of 4% for the forecast period. Portrait photography at that time was very different from today. It was expensive, although cheaper than painted portraits, and the exposure times were long. For the first decades, photography was only black and white, that is, in shades of gray. The development of photography involved many experiments in order to optimize the photographic process every step of the way. The field of photography also produced different genres of portraiture, photojournalism, and artistic photography, among others.
Increased business activity for advertising agencies tends to boost demand for industry services in North America. The rising popularity of online photograph databases among businesses is expected to hinder growth. With relatively low barriers to entry, the majority of photography businesses are small businesses or owned by owner-operators. A small home office will usually suffice for most, but for those wanting to have their own studio, operating expenses will be more of a consideration. Additionally, the high cost of professional equipment may have previously been enough to put some off from entering the market, although with technological advances and reducing costs, this is set to change.
Overall demand for photographers, and particularly those with digital photography, editing, and retouching skills, has grown steadily over recent years. However, one of the areas seeing a decline in demand is news photography, as social media and crowdsourcing give newspapers and publishers the opportunity to source images from the public rather than assigning the work to professionals.
North America Photographic Services Market Trends
Increasing Revenue of Photographic Services in the United states
Revenue from photographic services increased from 2020 to 2021 in the USA market. Expenses in a retail studio are greater than those of a home-based photography studio. With a home studio, one can write off some home-living costs as work-related tax deductions. Running a large studio with multiple photographers working under you will be more costly. You can expect to pay employee wages, administrative services, and production costs. However, increasing revenue will boost the photography industry in the USA market.
Impact of Increasing Smart users in Photography Service Market
Customers have basic needs when choosing a new smartphone, and one of them is camera quality. 86% of Americans prefer phones with better camera specifications since they intend to get high-quality pictures in the future. Considering that it has one of the top 10 highest-resolution cameras, this smartphone can easily compete with digital cameras used by professionals. It is slowly creating a risk for the industry by potentially reducing demand for professional digital photography services. Statistics show that almost half of the people in the United States use photo editing software on their smartphones. And photo editing app creators are more than happy about this fact.
North America Photographic Services Industry Overview
The North American photographic services market is highly competitive and fragmented, as various international and regional photographers are providing advanced technology cameras to various end-users for the expansion of the market. The key players are emerging for improving their services and delivery through updated technology cameras and enhancing their service to have a competitive edge over others. Hence, this section is inclusive of the company profiles of the key players and industry analysis. The photography service across North America is offered by groups such as Getty Images, Bella Baby Photography, Cherry Hill Programs, Meero, and Photogenic.
North America Photographic Services Market Leaders
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Getty Images
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Bella Baby Photography
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Cherry Hill Programs
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Meero
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Photogenic
*Disclaimer: Major Players sorted in no particular order
North America Photographic Services Market News
- February 2023: Aputure announced various new lighting products, including its first RGBWW full-color LED pixel bar, a four-foot battery-powered pixel tube, a smaller portable one-foot battery-powered pixel tube, and an improved 200-watt (W) bi-color Bowens Mount point-source light.
- September 2022: Cherry Hill Programs has unveiled a new fundraising campaign to benefit the lifesaving mission of St. Jude Children's Research Hospital Finding cures. Saving children. Cherry Hill Programs will host themed PJ Parties where customers can donate to St. Jude.
North America Photographic Services Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Insights on Various Regulatory Trends Shaping the Market
- 4.5 Insights on impact of technology in the Market
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4.6 Industry Attractiveness - Porters' Five Forces Analysis
- 4.6.1 Bargaining Power of Buyers
- 4.6.2 Bargaining Power of Suppliers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type Outlook
- 5.1.1 Shooting service
- 5.1.2 After-sales service
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5.2 By Application
- 5.2.1 Portrait Studio Services
- 5.2.2 Commercial Studios
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5.3 By Country
- 5.3.1 USA
- 5.3.2 Canada
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Getty Images
- 6.2.2 Bella Baby Photography
- 6.2.3 Cherry Hill Programs
- 6.2.4 Meero
- 6.2.5 Photogenic
- 6.2.6 WorldWide Photography
- 6.2.7 Classic Photographers
- 6.2.8 Telescope Pictures
- 6.2.9 GradImages
- 6.2.10 Enchanted Fairies*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
North America Photographic Services Industry Segmentation
The photography industry encompasses companies and individuals that offer a range of photographic services, including still photography and videography for private events. Commercial and portrait photography studios are also included in this industry. A complete background analysis of the North American photographic services market, which includes an assessment of the photography industry, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles, is covered in the report. The North American photographic services market is segmented by type (shooting service and after-sales service), application (portrait studio services and commercial studios), and country (USA, Canada, and Rest of North America). The report offers market size and forecasts for the North American photographic services market in terms of value (USD million) for all the above segments.
| By Type Outlook | Shooting service |
| After-sales service | |
| By Application | Portrait Studio Services |
| Commercial Studios | |
| By Country | USA |
| Canada |
North America Photographic Services Market Research FAQs
What is the current North America Photographic Services Market size?
The North America Photographic Services Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in North America Photographic Services Market?
Getty Images, Bella Baby Photography, Cherry Hill Programs, Meero and Photogenic are the major companies operating in the North America Photographic Services Market.
What years does this North America Photographic Services Market cover?
The report covers the North America Photographic Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Photographic Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Photographic Services Industry Report
Statistics for the 2024 North America Photographic Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Photographic Services analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
