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Online photo services generated $450M in 2006 |
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Online photo services generated $450M in 2006 - 8.23.2007 [more]
According to InfoTrends, online photo service membership continues to
experience steady growth, resulting in increased revenue for Web-based
print providers. InfoTrends reports that online photo service providers
generated just under $450 mln in revenues from prints and photo
merchandise in 2006, and that figure is expected to grow to more than
$1 bln by 2011. This growth is the result of significant increases in
the overall volume of prints and photo merchandise, a consumer shift
toward retail and online printing, and a stabilization of print prices
after several years of decline. InfoTrends also projects that the total
number of uploading members will rise at a CAGR (compound annual growth
rate) of approximately 13% from 2006 to 2011.
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