According to a new report, published by KBV research, The Global Photo as a Service Market size is expected to reach $64.8 billion by 2031, rising at a market growth of 4.3% CAGR during the forecast period.
The Event Photography segment is anticipating a CAGR of 4% during (2024 - 2031). The event photography segment is propelled by the need to document various events, including corporate gatherings, concerts, conferences, and personal celebrations such as birthdays and anniversaries. Companies and individuals see value in professional photos to highlight important moments, promote future events, and engage audiences online. The segment benefits from growing marketing needs, as high-quality event photography helps organizations enhance brand image and provides shareable content for social media and marketing purposes.
Full Report: https://www.kbvresearch.com/photo-as-a-service-market/
The Asia Pacific region dominated the Global Photo as a Service Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $26.4 billion by 2031. The North America region is experiencing a CAGR of 3.9% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 4.1% during (2024 - 2031).
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