The stock photography market consists of royalty-free images, rights-managed images, and subscription plans for images. Stock images serve critical functions for businesses like websites, social media, advertisements, presentations, and publications by making visual content affordable and accessible.
The global Stock Photography Market is estimated to be valued at CAGR of 7.1% in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Streamlining image licensing with newer subscription plans has been a key trend driving growth in the stock photography market. Previously, licensing images individually involved complicated paperwork and costs. However, stock photo agencies now offer affordable flat-rate subscription plans that provide unlimited commercial use of premium high-quality photos. This has made stock images much more accessible and simplified the process of licensing visual content. As businesses increasingly rely on visuals to engage audiences online and offline, the ease of access and commercial use offered by subscription models has boosted adoption of stock photography significantly. Subscription plans have emerged as popular alternatives to one-time image licensing and are expected to further accelerate market growth over the forecast period.
Segment Analysis
The global stock photography market is dominated by the macrostock segment. The macrostock segment offers images that can be licensed for different uses including both commercial and editorial purposes. Macrostock offers a large collection of diverse, generic, and evergreen images that are affordable and have fewer restrictions. As a result, macrostock images are popular among both individual and commercial clients.
Key Takeaways
The global Stock Photography Market Share is expected to witness high growth. The global Stock Photography Market is estimated to be valued at CAGR of 7.1% in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030.
Regional analysis:
North America currently holds the largest share in the global stock photography market. Availability of advanced technologies, early adoption of stock image libraries, and presence of key players drive the North America market. Asia Pacific is expected to grow at the fastest pace during the forecast period. Increasing digitalization and rising internet penetration in developing countries such as India and China provide opportunities for stock photography vendors in the region.
Key players:
Key players operating in the stock photography market are Shutterstock, Getty Images, Adobe, Pixels, Envato Elements, Pond5, Unsplash, Can Stock Photo, Dissolve, Depositphotos.
B. Braun Melsungen AG develops, manufactures, and markets medical products including pharmaceuticals, hypodermic needles, and infusion syringes for surgical procedures. The company also provides pain management and wound care solutions. B. Braun operates in around 60 countries with extensive production sites worldwide. It is headquartered in Melsungen, Germany.
Explore more related article on this topic: https://www.newsanalyticspro.com/water-treatment-chemicals-market-share-analysis/
https://blogger-veritas.blogspot.com/2024/01/aerial-imaging-market-growth.html
Comments
0 comment