Monday, March 19, 2012

An abrupt drop in consumer spending, the prevalence of affordable cameras and popularity of online photo sharing have caused the Photography industry's revenue to dip.

The Photography industry has experienced a number of changes, as digital cameras and postproduction technologies have increasingly affected operators. While photographers are benefiting from the changes by increasing their efficiency and availability, consumers are now able to take professional-quality images without the need for a specialist. Still, revenue is expected to improve slightly over the next five years, as operators focus on niche markets, like event, sports and church directory photography, to sustain demand. For these reasons, industry research firm IBISWorld has added a report on the Photography industry to its growing industry report collection.

No comments: