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Market Research Forecasts Digital Photography Market at $82 Billion by 2016(April 30, 2012)
ROCKVILLE, MD -- (Marketwire) -- 04/30/12 -- MarketResearch.com has announced the addition of the new report "Digital Photography: Global Markets," to their collection of Computer Equipment market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Digital-Photography-Global-6904389/
The global digital photography market was valued at $65.6 billion in 2010 and $68.4 billion in 2011. By 2016, the digital photography market should reach $82.5 billion, a 3.8% compound annual growth rate (CAGR) between 2011 and 2016.
Cameras and lenses account for the bulk of the photography market, representing 55% of global sales. This market segment was valued at $37.6 billion in 2011, and is expected to grow at a CAGR of 5.8%, reaching $49.8 billion in 2016.
The photo print industry is struggling to maintain growth. In 2016, the segment is expected to slide in sales, decreasing to $24.7 billion, down from $25 billion in 2011.
For more information, visit http://www.marketresearch.com/BCC-Research-v374/Digital-Photography-Global-6904389/
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