USD 6.4 billion
Report ID:
SQMIG50X2007 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
87
|Figures:
72
Stock Images Market size was valued at USD 6.85 Billion in 2023 and is poised to grow from USD 7.33 Billion in 2024 to USD 12.59 Billion by 2032, growing at a CAGR of 7.00% during the forecast period (2025-2032).
The growing recognition of stock photographs for digital and social media advertising is a first-rate aspect driving the growth of the global stock images market. With the increasing use of clever devices consisting of smartphones and pills and the rise in internet penetration, the usage of social and virtual media structures for advertising and marketing, advertising and marketing, and patron acquisitions has accelerated unexpectedly as social media posts with snapshots benefit greater perspectives and responses, similarly aiding the enterprise growth. Moreover, producers of photographic devices are providing a whole lot of technologically superior equipment to assist photographers triumph over environmental challenges, enhance picture niceness, and add effects to their images. Photographers are increasingly adopting such technologically advanced lenses, cameras, and filters and implementing new patterns such as drone pictures, vivid patterns, and pastel colors to quickly shoot distinct photos in their preference with non-external obstacles, imparting in addition impetus to the market.
Global Market Size
USD 6.4 billion
Largest Segment
Microstock
Fastest Growth
Growth Rate
7.00% CAGR
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Global Stock Images Market is segmented by product, application, and region. Based on product, the market can be segmented into people photography (sports, wedding, event, fashion, travel, commercials, others), manmade objects (product photography, real estate, food, still life photography, architecture), abstract photography, and nature photography (animals and insects, flowers and plants, landscapes, sky and clouds, others). Based on application, the market is segmented into editorial, and commercial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
The artificial photography phase held the very best market share in 2022, accounting for nearly -fifths of the global stock images marketplace sales and is expected to maintain its leadership popularity at some point of the forecast length, as there is a fast growth in the usage inventory pics as a product and commercial photography to make bigger the product visibility on social media.
However, the people images phase is projected to manifest the best CAGR of 8.3% from 2024 to 2031, as use of inventory pixels enables government and public bodies to convey their messages to the overall public. Apart from that, the increasing demand for sports inventory pics because of the increasing spending on promotional activities by means of marketplace gamers will propel segmental marketplace growth.
Analysis by Image source
The dominance of macro stock revenue inside the worldwide market in 2022 highlights the tremendous position played by way of the macro stock phase in the stock photography industry. The macro stock segment usually involves the licensing of super and snap shots at higher rate factors. This category frequently includes snap shots produced by means of expert photographers, imparting a level of exclusivity that caters to precise and premium marketplace segments.
The micro stock segment performs a vital role in the market, presenting an exceptional technique compared to macro stock. Micro stock corporations offer a great library of pix at decreasing charge factors compared to macro stock. This affordability makes excellent visuals reachable to a broader target market, consisting of small businesses, bloggers, and people with finances constraints.
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North America is anticipated to witness the quickest CAGR of 7.5% from 2024 to 2031, as the extensive variety of picture services and the growth within the adoption of paid inventory photographs, allowing the market to thrive.
Asia-Pacific held the best market share in terms of revenue in 2022, accounting for almost two-fifths of the global stock images market sales, owing to the emergence of innovative strategies in pictures. Moreover, increase in industrialization and growth in SMEs are expected to provide huge possibilities for new entrants inside the Asia-Pacific in the course of the forecast duration.
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Drivers
Rising Demand for Inventory Images
Restraints
Stricter Regulatory Environment
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The competitive environment of the global Stock Images market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. The marketplace turned into ruled by the call for generated stock snap shots globally. However, due to the growing penetration of OTT systems and cinematography, call for inventory films is expected to witness a higher CAGR all through the forecast period. Conversely, there has been a whole lot of dynamism within the marketplace. Amidst the pandemic came a variety of acquisitions through private fairness firms as they are trying to find to take gain of the tendencies together with the shift to digital, online gaming, cell media, and the opportunities supplied by using social media that prefer the marketplace in the imminent years. For example, non-public equity firm EQT acquired Freepik and Great Hills Partners acquired Story blocks.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.4 billion |
Market size value in 2031 | USD 11.77 billion |
Growth Rate | 7.00% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Stock Images Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Stock Images Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Stock Images Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Stock Images Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG50X2007
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