Industry Analysis & Industry Trends
The Online Photo Printing industry is benefiting from a continuing consumer shift toward photo sharing. Over the past five years, social networks and links to other photo sharing sites encouraged consumers to store and print pictures through online channels. An increasing number of broadband and mobile internet connections also facilitated consumer access to such websites, contributing to industry growth. During the next five years, technological advancements will continue to prop up industry expansion. Rising internet and mobile access will enable more consumers to print photos online, and industry marketing will attract consumers through social media and mobile applications.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Burgeoning use of the internet by consumers, which is becoming more secure and accessible, is leading to higher spending on photo printing online. Consequently, industry value added (IVA), which represents the industry's contribution to the economy, is projected to grow at an average annual rate of 10.1% in the 10 years through 2021. This will significantly outstrip the projected GDP increase of 2.2% on average per year from over the same period of time.
As the number of users increases and the industry expands and automates its production lines, revenue in the post-recessionary period is rising. Industry earnings before interest and taxes are forecast to fall to 4.2% of revenue in 2021 as automation brings about highly specialized employees and higher industry wages... purchase to read more