What is Still Images?
Still, images are visual representations that do not move. Text is ideal for transmitting information in a highly articulate manner that can be consistently interpreted irrespective of the user. Still images, however, allow the content creator to convey information that can be more freely interpreted by the user. A picture does indeed paint a thousand words but the meaning of the picture will vary from user to user.
The market study is broken down by Type (BMP, TIF, GIF, JPEG and Others), by Application (Edit image data, Author documents and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Still Images market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
123RF (Malaysia), Adobe Stock(United States), Dreamstime (United States), Getty Images(United States), Shutterstock (United States), Alamy (United Kingdom), AP Images (United States), Can Stock Photo(Canada), Depositphotos (United States) and Dissolve (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Envato (Australia) and Fotosearch (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Still Images market by Type, Application and Region.
On the basis of geography, the market of Still Images has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Still Image Run-Time Components, the sub-segment i.e. Still Image Event Monitor will boost the Still Images market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Royalty-Free (RF) will boost the Still Images market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In February 2020 PA Media group diversifies announced their acquisition with Alamy. This acquisition will significantly rise the customer base and provide the PA Media Group with a strong presence in the international market for the first time.
In February 2020 Canon introduced new camera cloud platforms that connect Canon cameras with users’ PCs, smartphones, and external web services. When uploading an original image file, a thumbnail file (up to dimensions of 2048 pixels) will be automatically generated and stored. Thumbnail files can still be viewed on image.canon at any time, even after the expiration of the 30-day period following the original upload.
Market Drivers
- Rising social media adoption
- Increasing use of visual content in the advertisements
- The increasing use of smart gadgets, inclination towards the use of digital media platforms
Opportunities
- The Rise of the global still images market is driven by the easier integration of images on social media and increasing the use of visual content in communications as a marketing strategy.
Restraints
- Stringent government regulations
Challenges
- The increasing theft and misuse of visual content will challenge the growth of the market participants.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Still Images, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.