UK Stock Images Market to witness staggering growth of USD 115.79 Mn in revenue through 2023-2027
The popularity of stock /images for digital and social media marketing, increased evolution of business models, and rising penetration of animation production have transformed the Stock Image Market globally. The market for Stock Images can be segmented by application (editorial and commercial) and product (still /images and footage).
As per market research data the UK Stock Images Market is forecasted to witness a staggering growth of USD 115.79 million, in the next five-year time period. It is estimated the market will exhibit growth at a CAGR of 4.34% during the forecast period.
Alamy Ltd., Arcangel Images Inc., Cimpress Plc, Getty Images Holdings Inc., IMAGE SOURCE LTD., Inmagine Lab Pte. Ltd., Picfair Ltd., Robert Harding Picture Library Ltd., etc are major market players when it comes to Stock Images Market in the UK.
Snapshot of UK Stock Images Market
As per Technavio's Senior Research Analyst ~ " the rising popularity of stock /images for digital and social media marketing is primarily propelling the market advancement of the UK Stock Images Market "
The ease of access to suitable images for their content without the need to hire a professional photographer or purchase expensive equipment is likely to boost the market in forthcoming years.
If trends are to be followed, the rise in penetration of the OTT platform is quite a thing in the UK Stock Images Market as elements such as the increasing need for high-quality, engaging visual content to support the growth of OTT platforms are significantly driving the market growth. Netflix, Amazon Prime, and Disney are some of the Key OTT Platforms.
Discover more such data-backed amazing insights about the UK Stock Images Market, that can eventually enable businesses to capitalize on this growth phase of the market. Technavio has been monitoring the growth trajectory of the UK Stock Images Market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
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