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Strong growth continues in the digital camera and digital photo printing world

Recent studies by InfoTrends Research and Lyra Research show a continued strong growth in digital photography. Low-end digital camera revenue in InfoTrends' May 2002 study forecasted $ 3.6 billion in the USA in 2007, their latest study forecasts $ 11.8 billion World Wide in 2007.
A study published by Lyra Research and Photofinishing News on November 4th, looks at digital printing and forecasts that Worldwide Prints from Consumer Digital Cameras will reach $ 11.8 billion in 2005. 11.8 billion seems to be the magic number these days...
Strong growth continues in the digital camera and digital photo printing world - digital camera and photography news

PRESS RELEASE

Revenue from Worldwide Digital Camera Sales to Reach $11.8 Billion in 2007

A new study from InfoTrends Research Group projects that worldwide revenue from low end (sub-$1,000) digital camera sales is forecast to reach $11.8 billion in 2007. Worldwide unit shipments of low end digital cameras will reach 24 million units in 2002, capturing 28% of total worldwide camera sales (not including one-time use cameras). Unit volume is forecast to grow at a compound annual growth rate of 16% to reach 51 million units in 2007.

“Through the forecast period, digital cameras are expected to become fully mainstream in North America, Europe and Japan,” says Michelle Slaughter, Director, InfoTrends Research Group. “Factors that will contribute to mainstream consumer adoption include advances in the price/performance level of digital cameras, widespread availability of retail digital photofinishing services and greater installed base of supporting technologies in the home, such as high-quality and affordable printers and low cost broadband Internet services.”


Worldwide Prints from Consumer Digital Cameras Will Reach 11.8 Billion in 2005

Report forecasts shift from home printing to retail and online print fulfillment for digital images

NEWTONVILLE, MA (November 4, 2002) —Total direct prints from consumer digital cameras will grow from 4.5 billion prints in 2001 to 11.8 billion prints in 2005 worldwide, according to a new study published by Lyra Research and Photofinishing News. The report, Opportunities and Challenges in Consumer Online Photosharing and Photoprocessing, studies trends in consumer behavior. While some 80 percent of digital photos were printed at home in 2001, the study projects that, in percentage terms, photos will increasingly be printed at retail locations or via an online service, with home printing accounting for just 53 percent of photos by 2005 (see figure).
November 9, 2002
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