STOCK PHOTOGRAPHY MARKET ANALYSIS
The global stock photography market is expected to witness significant growth during the forecast period (2021–2028) due to growing demand for quality images. The factors such as animation production, blockchain technology, AI (Artificial Intelligence) and ML (Machine Learning) in stock content are likely to contribute to the growth of the stock photography market during the forecast period. The global stock photography market as well as the video industry has undergone massive changes, such as digital cameras have taken over, driving the popularity of stock photography among amateurs. However, illegal downloads of stock images is affecting the sales of stock photographs.
Figure 2: Global Stock Photography Market Value (US$ Bn) Analysis and Forecast, 2017 - 2028
The global stock photography market was valued at US$ 3.3 Bn in 2020 and is expected to reach US$ 4.8 Bn by 2028 at a CAGR of 5.2% between 2021 and 2028.
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