Photo Printing and Merchandise Market Poised to Rake in US$ 21.7 Bn by 2026 End
Verfasser: pradnya_86 on Tuesday, 18 April 2017Mobile application segment is anticipated to expand at a higher CAGR during the period of assessment
By mode of printing, the mobile application segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 4.9% over the forecast period. Various photo printer manufacturers are targeting the market with smartphones connected to printers and this factor is driving the growth of this segment. Mobile application segment is projected to reach more than US$ 2,000 Mn by the end of 2017 and is expected to be valued in excess of US$ 3,000 Mn by 2026 end. The mobile application segment is estimated to gain close to 16% in its market share of the global photo printing and merchandise market by the end of 2026.
Increasing use of smartphones for image capturing and photo sharing expected to drive the development of the mobile application segment during the forecast period