Industry Analysis & Industry Trends
The dominance of digital cameras, ubiquity of online photo sharing and rising external competition have combined to gut the Photofinishing industry's revenue. Such technological trends have caused consumers to demand fewer photofinishing services because, through these devices and platforms, they can share, display and manipulate pictures faster and cheaper than sending them to a photofinishing lab. In the next five years, firms will continue differentiating themselves by combining digital and film to produce high-end products... purchase to read more
Industry Report - Industry Products Chapter
Digital standard prints
Digital image processing and printing in standard photo sizes (like 4x6 or 5x7 sizes) makes up about 65.9% of industry revenue in 2013. Consumers have been quick to shift to digital photography because it is much cheaper than film photography due to no film and only optional printing costs, and because cameras are now integrated into mobile devices like smartphones. Also, according to 2011 PMA analysis, consumers are increasingly ordering prints online for pick up at brick-and-mortar locations. As a result, photofinishing companies are increasingly taking orders through online or software-based programs... purchase to read more