Industry Background:
The photo-sharing industry is growing in a rapid manner. According to the study, around 2.5 trillion photos has been shared in the year 2016, and this ratio is increasing day by day with the rising popularity of social media sites. Most of the photos are shared through smartphones, tablets, and laptops. This industry is highly investing in creating a cloud-based back-up of photos.This growth is primarily driven by Development in Social Media is a Networking Tool
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Flickr (United States), Instagram (United States), Pinterest (United States), Amazon (United States), Google (United States), Apple (United States), Trover (United States), Facebook Inc. (United States), Bump Technologies LLC (United States) and Hewlett Packard (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2022, Pinterest acquired AI shopping platform The Yes. Image-sharing platform Pinterest has acquired The Yes for an undisclosed amount. The Yes is "an AI-powered shopping platform for fashion that allows users to shop personalized feeds based on users' active input on brand, style, and size."
In Dec 2020, Instagram announced the launch of the Instagram Lite application in India, which occupied less storage space on android phones. The mare experts revealed that India is becoming one important market in this industry. Through this initiative, the company is capturing a huge market share in India.The market is witnessing moderate growth in this industry. By looking at the huge growth in this market, the market players are highly focusing on production technologies, efficiency enhancement, and service life. There is numerous growth opportunity in this market that is captured by market players by tracking the ongoing process enhancement and huge invest in market growth strategies.
Influencing Trend:
Development in Technology for Fast Sharing and High Adoption of Cloud-Based Storage Backups
Market Growth Drivers:
Development in Social Media is a Networking Tool, Advancement in Marketing, Promotion and Building Social Relationship Activities Across the Globe and Increasing Internet Penetration
Challenges:
Increase in Privacy Concern for Sharing Personal Data
Restraints:
Rapid Upgradation in Technology
Opportunities:
This Growth Has Been Supported by the Increased Usage of Smart Phone Across the Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Photo Sharing Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Photo Sharing Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Photo Sharing players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Photo Sharing Study Sheds Light on
The Photo Sharing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Photo Sharing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Photo Sharing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.