Global Stock Photography Market Growth Accelerated by Evolving Creative Needs
Stock Photography Market |
Stock photography provides high resolution visual
content that can be broadly used for commercial and non-commercial purposes
including online and print media like blogs, articles, advertisements,
brochures websites etc. The abundant availability and cost effectiveness of
stock photos have aided their adoption across industries.
The global Stock
Photography Market is estimated to be valued at US$ 3.84 Billion in 2024 and is
expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The evolving creative needs of end users in varied sectors has been a key
growth driver for the stock photography market. With technology advancements
content creators are able to incorporate high resolution stock photos to
enhance visual appeal of their products and services. Moreover, the rising
importance of visual presentation for improved communication has boosted the
demand for copyright free photos. Stock agencies have responded by enriching
their collections with innovative angles and aesthetically varied photos. This
allows designers, marketers and content developers access to extensive yet
targeted collections. The trend is expected to continue aiding market expansion
over the forecast period.
Segment
Analysis
The global stock photography market is dominated by the macrostock segment.
Within macrostock, royalty-free images account for the largest share as they
allow permanent usage of images without stringent licensing restrictions.
Macrostock photos are suitable for a variety of uses as they contain images for
editorial, commercial and personal uses. Being cost-effective and easily
accessible, macrostock photos see higher demand from various end-use
industries.
Key Takeaways
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