Photo printing sector supported by consumer preference for quick printing services

Market - Mohit Shah - Jun 20,2017

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photo printing sector supported by consumer preference for quick printing services

It has been analyzed that, the mobile application segment is anticipated to expand at a CAGR of 4.9% until 2026; an expected gain of more than US$ 3,000 Million.

The market for photo printing and merchandise is on a rise due to the advent of technology, along with a significant push from the global consumer population. The current requirement for quick printing services using premium products is seen as a market driver for the concerned sector.

As per a recent report published by Market Research Reports Search Engine (MRRSE), various photo printer manufacturers are targeting the smartphones market connected to printers in order to acquire growth. Interestingly, it has been noted that the mobile application segment is expected to reach more than US$ 2,000 Mn by the end of 2017, and would further rise to cross the milestone of US$ 3,000 Mn by 2026 end. 

The photo printing and merchandise market is also gaining assistance from the increasing number of smartphones as well as improved broadband and wireless connectivity. These factors are likely to boost the growth of online photo sharing across different platforms, which is predicted to pump the growth of the mobile application segment in the worldwide photo printing and merchandise market during the period until 2026.

It is analyzed that, certain regions hold a prominent market share within the photo printing and merchandise sector. Considering the value factor, the mobile application segment might reach more than US$ 600 Mn by the end of 2017 in the region of North America. A similar growth might occur in the APEJ photo printing and merchandise market projected to cross US$ 550 Mn during the same time period. The market looks quite vibrant at present, and the efforts of the top players operating in this sector would prove fruitful in the years to follow.

 

For more information on this report visit- http://www.mrrse.com/photo-printing-market