The dominance of digital cameras, ubiquity of online photo sharing and rising external competition have combined to gut the Photofinishing industry's revenue. Such technological trends have caused consumers to demand fewer photofinishing services because, through these devices and platforms, they can share, display and manipulate pictures faster and cheaper than sending them to a photofinishing lab. In the next five years, firms will continue differentiating themselves by combining digital and film to produce high-end products.
The Photofinishing industry primarily develops digital images to produce customized prints, albums and other merchandise like playing cards or mugs. Traditional photofinishing involves film processing and printing. Companies may also transfer physical copies of photographs to digital files. The industry excludes companies that offer their services exclusively online or stores that offer printing services in addition to their primary means of earning revenue.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.