Digital darkrooms: Technology and competition combine to constrict revenue
IBISWorld’s Photofinishing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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
What is the Photofinishing Industry?
The Photofinishing industry primarily develops digital images to produce customized prints, albums and other merchandise like playing cards or mugs. Traditional photofinishing involves film processing and printing. Companies may also transfer physical copies of photographs to digital files. The industry excludes companies that offer their services exclusively online or stores that offer printing services in addition to their primary means of earning revenue.
Film processingDigital standard printsOther services
Film processing and developmentProducing photographic printsProducing photographic slidesProducing photographic enlargementsDigital image processing and printing