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Research Proposal
Prepared for Olivier Z. | Delivered March 19, 2020
Commercial and Fashion Photography Market
Goals
To quantify the size of the commercial and fashion photography market.
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Early Findings
The revenue of the United States commercial photography industry was
$1.8 billion
in 2018. The industry had an average annual growth of
1.9%
between 2015 and 2018.
In the photographic services market, the United States accounts for
30%
of the market.
Additionally, commercial lines of products and services represent
23.8%
of the United States photography industry. On the other hand, portraits and wedding segments account for
51.7%
and
8.6%
, respectively.
The global photography services market is expected to grow by
$10.24 billion
between 2019 and 2023 with a cumulative annual growth rate of
5%
within the same period.
These paywalled sources (
here
and
here
) may offer more insights on the commercial photography market in the United States.
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Prepared By
Olatunji O.
1017 assignments | 5.0