NEWTONVILLE, MA (PRWEB) October 5, 2004
A new report from Lyra Research finds that worldwide revenue from retail printing of photos captured with digital cameras will grow from approximately $900 million in 2003 to $4.3 billion in 2008, a robust compound annual growth rate of 36 percent. The comprehensive report, Consumer Photo-Printing Market: Where Digital Photos Will Be Printed, examines consumer behavior and the key issues and trends driving the digitally captured photo-printing market. The Lyra report explores divergent and dynamic consumer trends in at-home, retail, and online printing of photos taken with digital cameras.
ÂThe majority of photos taken with digital cameras will continue to be printed at home, signaling protracted opportunities for ink jet printer and supplies vendors. Ultimately, however, this channel will steadily decline in popularity,Â explains Robert Palmer, director of LyraÂs Digital Photography Advisory Service. Palmer adds, ÂThe biggest growth forecast is in retail digital photo printing. The conveniences associated with the retail option will contribute to a formidable compound annual growth rate of 36 percent in revenue.Â
Consumer Photo-Printing Market: Where Digital Photos Will Be Printed provides a wide-ranging look at consumer digital photo-printing trends, including worldwide and regional market forecasts through 2008. The report also outlines the opportunities and challenges for vendors and profiles the companies that are emerging as leaders in the digital photo-printing market. A complete description of the report can be found on Lyra ResearchÂs Web site at http://www.lyra.com.
About Lyra Research
Founded in 1991, Lyra Research is recognized worldwide as the leading provider of market, product, and technology information and analysis focused on the imaging industry. Lyra Research provides targeted information on printers and copiers, digital photography, and imaging supplies to more than 2,000 clients in more than 40 countries. LyraÂs portfolio of services includes leading industry newsletters, special market reports, advisory services, conferences, and custom consulting.