Stock Images Market set to rise $ 1.22 billion | Technavio’s research highlights the increasing popularity of archive images for digital and social media marketing as a key factor
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Supplier insights
The Stock Images market is fragmented due to the presence of multiple global and regional players.
Growing competition in the market is forcing vendors to pursue various growth strategies such as promotional activities and advertising spend in order to improve the visibility of their products. Some vendors also pursue inorganic growth strategies like M&A to stay competitive in the market.
For example in August 2021, Envato Pty Ltd. partnered with HubSpot to bring hundreds of high quality CMS hub templates to market.
To learn more about additional vendors with various other strategies and their product offerings, read a sample market research report.
Geographic market analysis
North America offers maximum growth opportunities in the Stock Images market during the forecast period. According to our research report, the region currently holds 44% of the world market share and is expected to dominate the market by 2025.
In addition, countries such as the USA, UK, China, Germany, and Canada are expected to become major stock image markets over the forecast period.
Learn more about the geographic distribution of this market as well as the detailed analysis of the top regions – https://www.technavio.com/report/stock-images-market-industry-analysis
Major market trends and challenges
The increasing investment in related business portfolios is another important factor supporting the growth in the market share of Stock Images. Declining profit margins and increasing acceptance of replacement products by customers of stock image providers have encouraged providers active in the global stock image market to invest in appropriate business portfolios in order to offer an improved customer experience. Such investments have emerged as a rising trend in the market.
However, falling profit margins are a major challenge for the stock images market. The average price per image in the global stock market has declined over the years due to changes in consumption and technology patterns. As internet penetration has increased, it has become easier for vendors to deliver images directly to buyers, reducing the need for physical interaction or delivery of products to customers. The number of photo sharing platforms and community operated photo sites like Flickr and Pinterest has also increased. The increasing number of sources for stock images has led to intense competition and price wars.
Check out a free sample to discover more facts on market trends and challenges affecting the Stock Images market.
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Stock Images Market size |
|
Report coverage |
details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth dynamics & CAGR |
Accelerate with a CAGR of over 5.61% |
Market growth 2021-2025 |
$ 1.22 billion |
Market structure |
Fragmented |
YoY Growth (%) |
3.24 |
Regional analysis |
North America, Europe, APAC, MEA and South America |
Contribute to the market |
North America at 44% |
Important consumer countries |
USA, UK, China, Germany and Canada |
Competitive landscape |
Leading companies, competitive strategies, level of consumer engagement |
Company profile |
Adobe Inc., Depositphotos Inc., Dreamstime.com LLC, Envato Pty Ltd., Getty Images Inc., Inmagine Group, PA Group Ltd., PIXTA Inc., Pond5 Inc. and Shutterstock Inc. |
Market dynamics |
Overall market analysis, market growth factors and barriers, analysis of fast growing and slow growing segments, impact of COVID-19 and future consumer dynamics, analysis of market conditions for the forecast period. |
Adjustment area |
If our report doesn’t contain the data you are looking for, you can contact our analysts and customize segments. |
About us:
Technavio is a leading global technology research and consulting company. Her research and analysis focuses on trends in emerging markets and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes more than 17,000 reports and more than 800 technologies in 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.
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