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Photography Services Market size is set to grow by USD 10.51 billion from 2024-2028, Growing sports events market boost the market, Technavio

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NEW YORK, June 11, 2024 /PRNewswire/ — The global photography services market size is estimated to grow by USD 10.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.6%  during the forecast period. Growing sports events market is driving market growth, with a trend towards growing popularity of photography in digital media platforms. However, declining profit margins  poses a challenge. Key market players include Angle Platform, Ben Jenkins, Bella Baby Photography, BSTRO, Carma Media Productions, Cherry Hill Programs Inc., DE Photo (Franchising) Ltd., Epic Photo Studios, Fisher Studios Ltd., Getty Images Inc., Global Media Desk, Hammerhead Interactive Ltd., H Tempest Ltd., INDIGO STUDIO, Mom365 Inc., Rocket Studio, Teddy Bear Portraits Nationwide Studios Inc., TRG Multimedia, Vital Design, and Wiggle Media.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Photography Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.6%

Market growth 2024-2028

USD 10519.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.18

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

US, China, Germany, France, and India

Key companies profiled

Angle Platform, Ben Jenkins, Bella Baby Photography, BSTRO, Carma Media Productions, Cherry Hill Programs Inc., DE Photo (Franchising) Ltd., Epic Photo Studios, Fisher Studios Ltd., Getty Images Inc., Global Media Desk, Hammerhead Interactive Ltd., H Tempest Ltd., INDIGO STUDIO, Mom365 Inc., Rocket Studio, Teddy Bear Portraits Nationwide Studios Inc., TRG Multimedia, Vital Design, and Wiggle Media

Market Driver

The photography services market has experienced significant growth due to increasing internet usage and the popularity of social media platforms. Social media’s role in marketing and customer acquisition has been instrumental for vendors like Shutterfly, generating revenue through stock photographs. Professional photographers provide these images, making authenticated content essential for buyers on platforms like Pinterest, Instagram, and Facebook. Social media’s vast image, video, and vector storage attracts a global user base, driving market growth during the forecast period. 

The Photography Services Market is experiencing significant growth, with a strong focus on advanced technologies and innovative approaches. Commerical and event photography are popular sectors, utilizing professional photographers for product shoots and special occasions. The use of social media and digital platforms has increased the demand for high-quality visual content.

Consumer preferences are shifting towards customized and personalized services. The trend towards video content is also influencing the market, with many providers offering video production in addition to still photography. The use of digital tools and editing software is becoming essential for enhancing the final product. Overall, the Photography Services Market is evolving to meet the changing needs of businesses and individuals alike. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global photography services market has experienced a decline in average returns due to shifts in consumption and technology trends. Increased Internet penetration and the rise of digital cameras have led to an oversupply of images, disrupting the supply-demand balance.This has resulted in intense competition and price-based competition, with customers preferring low-priced, royalty-free images over expensive royalty-based ones. The oversupply of photographs has put pressure on profit margins, particularly in the commercial photography services segment, and is expected to hamper market growth during the forecast period.The Photography Services market faces several challenges. Digitally, keeping up with the latest technology and consuls is crucial for businesses. Digtal marketing and branding are essential for reaching potential clients. However, creating high-quality content consistently can be a struggle. Creating unique and engaging images that stand out from the competition is a challenge.Additionally, the cost of equipment and editing software can be expensive. Furthermore, staying current with industry trends and consumer preferences is essential. The market is competitive, and businesses must offer exceptional value to attract and retain clients. Collaborating with other businesses and offering bundled services can help overcome these challenges.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 Consumer1.2 CommercialType 2.1 Shooting service2.2 After sales serviceGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Consumer-  The consumer segment dominates the global photography services market, driven by applications in schools, preschools, and events such as graduations, marriages, and birthdays. Demand is particularly strong in developing countries like China and India, where international schools are expanding and wedding expenditures are rising. However, the segment faced challenges in 2020 due to COVID-19 restrictions on gatherings and educational institutions shifting to online learning. Recovery is anticipated to be slow during the forecast period due to ongoing restrictions and a focus on strengthening online education.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Photography Services Market encompasses a wide range of visual content creation for both businesses and individuals. This industry caters to various photography styles, including Event, Lifestyle, Corporate, Commercial, and Portrait services. Camera equipment and editing software are essential tools for individual photographers and photographic service businesses.

The Digital platforms provide a vast reach for showcasing high-quality photos, enabling businesses to connect with clients and showcase their products or services through Visual storytelling. The Photography industry continues to evolve, embracing Cultural heritage and Creative innovation, and adapting to Digital marketing strategies. Services such as Aerial, Fashion, and Product photography cater to diverse client needs, from Weddings and Events to Commercial advertising.

Market Research Overview

The Photography Services Market encompasses a diverse range of offerings, including portrait photography, commercial photography, event photography, and more. These services cater to various industries and individuals, providing visual content for personal and professional use. The use of advanced technology and innovative techniques has significantly influenced the market, enabling photographers to deliver high-quality images that capture moments and tell stories.

The market is also driven by the increasing demand for visual content in digital media and marketing, making it an essential component of modern communication strategies. Additionally, the growing popularity of social media platforms has further fueled the demand for photography services, as individuals and businesses seek to enhance their online presence. Overall, the Photography Services Market continues to evolve, offering endless opportunities for creativity and visual storytelling.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationConsumerCommercialTypeShooting ServiceAfter Sales ServiceGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TiTE x IHT 2026: The Definitive Hub for Taiwan’s Hardware Manufacturing Excellence

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TAICHUNG, May 6, 2026 /PRNewswire/ — When sourcing from Taiwan, location is the ultimate strategic advantage. Don’t be misled by smaller, general trade shows held in city centers like Taipei. To truly connect with the source, you must go where the products are born. TiTE x IHT (Oct 20-22, 2026) in Taichung is the undisputed largest and most vital hardware industrial expo on the island. Hosted directly in the heart of Taiwan’s precision manufacturing cluster, this event features 1,000+ booths and 500+ top-tier manufacturers, offering a scale and industrial depth that no other exhibition can replicate.

Why Global Buyers Choose the Taichung Source Over Urban Trade Shows:

The Revolutionary “Exhibition as Factory” Model: Taichung is the global epicenter for hardware, home to 70% of Taiwan’s industry output. Our unique location enables the “30-Minute Sourcing Circle.” This allows you to verify high-end samples on the show floor in the morning and audit world-class production lines by the afternoon. By eliminating the travel gap between the booth and the factory, we reduce traditional procurement cycles from weeks to hours, providing unmatched transparency for R&D, capacity assessment, and quality control.ESG & CBAM Compliance for Western Markets: As the EU’s Carbon Border Adjustment Mechanism (CBAM) and global ESG mandates reshape trade, our exhibitors are already ahead of the curve. Discover CBAM-ready solutions and green manufacturing processes specifically designed to meet the strict sustainability requirements of the European and American markets. We provide more than just tools; we provide carbon-footprint-managed resilience for your brand.AI-Driven Smart Manufacturing: Address global labor shortages and rising costs with Taiwan’s latest innovations. The 2026 expo focuses on “AI Empowerment,” showcasing collaborative robotics, automated digital inspection, and data-driven supply chain management. These technologies ensure lead-time stability and high-precision consistency for premium global brand owners.Direct Sourcing & Global Matchmaking: Skip the middlemen and trading agencies. Our “Global Buyer Day” offers exclusive, pre-arranged matchmaking with the actual OEMs/ODMs. This is the primary decision-making platform for major distributors seeking resilient, direct-to-factory partnerships that guarantee the best pricing and priority production slots.

Experience the synergy of smart manufacturing and global trade. Stop at the source—where the world’s hardware is actually built. Secure your competitive edge in the true heart of the industry.

【TiTE x IHT】

Date: October 20-22, 2026Venue: TICEC, Taichung, TaiwanRegister Now: https://accu.ps/g8MZ1SHousing Subsidy: https://forms.gle/34VHVxSrEw7g8GxDAOfficial Website: https://www.hardwareexpotw.com

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SOURCE TiTE x IHT

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KIST Accelerates U.S. Expansion of Quantum Deep-Tech Startups Through SelectUSA 2026

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SEOUL, South Korea, May 5, 2026 /PRNewswire/ — The Korea Institute of Science and Technology (KIST) President Oh Sang-rok announced that it will participate in the SelectUSA Investment Summit 2026 as part of a Korean delegation, together with quantum technology startups supported by the Ministry of SMEs and Startups under the Deeptech Project (DIPS).

The initiative, supported by South Korea’s Ministry of SMEs and Startups (MSS), is part of the government’s “Deeptech Incubator Project for Startups” (DIPS) initiative, which aims to nurture globally competitive deep-tech ventures.

KIST, which serves as the lead institution for the quantum technology sector under the program, said it will oversee the global commercialization efforts of participating firms. In particular, the “Global Bridge Program,” jointly developed with the U.S. Embassy in Korea in September 2025, is an official program designed to generate tangible overseas expansion outcomes by linking investment attraction with local market entry through diplomatic channels.

Organized by the U.S. Department of Commerce, the SelectUSA Investment Summit is the largest investment promotion event in the US, connecting international startups with venture capital firms, corporate investors and state-level economic development agencies.

It serves as an execution-oriented platform that extends to investment, corporate establishment, site selection, and tax incentives, and is considered a key entry gateway for deep-tech companies, including those in quantum technology.

KIST said participation in the summit is particularly significant for deep-tech sectors such as quantum technology, where access to the US innovation ecosystem is seen as key to growth.

The program is conducted in two stages. From April 30 to May 1, companies took part in a spin-off program hosted by the State of Maryland, which included visits to research institutions and tours of the regional quantum technology ecosystem.

During this period, the delegation also conducted localized activities with the Maryland state government and its economic development agencies, focusing on investment attraction, corporate collaboration, and joint R&D. In addition, on May 5, the delegation held discussions with U.S. Department of Commerce Deputy Secretary William Kimmitt on potential areas of cooperation.

The delegation will also meet officials from Fairfax County Government to explore collaboration and investment opportunities.

The main summit, currently ongoing from May 3 to May 6, features exhibitions, pitching sessions and meetings with US state representatives, with participating firms expected to engage in discussions on investment and market entry.

The delegation is structured to encompass the entire quantum industry rather than a single technology domain.

The Korean delegation comprises five startups, alongside Kyung Hee University Department of Future Science & Technology Commercialization Policy and Entrepreneurship, with approximately 20 participants forming an integrated ecosystem that combines research institutes, academia, and startups, enabling a full-cycle support system from technology validation to commercialization and global expansion.

One of the firms, OptiQ-Labs, was selected for an official pitching session on May 4, where it presented its laser-based optical modules designed for ion-trap quantum computing systems.

This highly competitive program selects only around 100 companies from more than 20,000 applicants worldwide. If selected as the winner of the pitching session, the company will receive follow-up meetings with U.S. state governments and economic development agencies, access to global investor networks, support for local entity establishment, and connections to site selection and tax incentive programs.

Other participating companies include QUAD, which develops single-photon detection technology; SLEEX, focused on underwater sensing; Elixir (StatUp AI), which works on quantum-classical hybrid algorithms for healthcare; and SQK (QMEDIC), specializing in physics-based imaging solutions.

KIST Project Director, Kang Sunjoon, said, “This program represents a critical milestone for Korean quantum startups to directly connect with global investors and industry ecosystems. Via the DIPS program, we are actively promoting the global commercialization of quantum technologies.”

Through its participation in SelectUSA, KIST has established a package-type global expansion model that integrates technology validation, investment attraction, and U.S. market entry.

The summit serves as a turning point for South Korea’s quantum sector, enabling startups to move into the next phase of validation, investment, and overseas expansion.

For more information, visit https://eng.kist.re.kr/.

About KIST 

KIST was established in 1966 as the first government-funded research institute in South Korea. KIST now strives to solve national and social challenges and secure growth engines through leading and innovative research.

About Participating Quantum Startups

QUAD, led by Chief Executive Officer, Oh Byung-doo, develops quantum sensing technologies based on superconducting nanowire single-photon detectors (SNSPDs), offering high sensitivity and precision with applications spanning quantum communication, quantum computing, semiconductor inspection, and defense.

SLEEX is developing an advanced perception technology that combines quantum LiDAR and electric field sensing to overcome limitations of existing underwater sensors, particularly by eliminating blind zones within the 0–2 meter range, with strong potential in autonomous navigation, maritime security, and defense, with Lee Jeho at the helm as Chief Executive Officer.  (https://www.thesleex.com)

Elixir, headed by Chief Executive Officer Jang Jung-kwon, develops a drug discovery and biomarker analysis platform based on quantum-classical hybrid algorithms, targeting the precision medicine market through the integration of bioinformatics and quantum machine learning. (statupai.com)

SQK develops medical imaging AI based on quantum-physics constraints, addressing the hallucination issues of conventional AI by ensuring physical consistency in CT and MRI reconstruction. Under the leadership of Chief Executive Officer Kim Yoon-hak, SQK is improving reliability and reducing the need for re-scans in clinical settings. (www.sqkcloud.com)

View original content to download multimedia:https://www.prnewswire.com/news-releases/kist-accelerates-us-expansion-of-quantum-deep-tech-startups-through-selectusa-2026-302763636.html

SOURCE The Korea Institute of Science and Technology (KIST)

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Former Visa Asia Pacific Executive David Tay Joins YeahPay as Global Vice President

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SINGAPORE, May 6, 2026 /PRNewswire/ — YeahPay, the international payment brand under YEAHKA (9923.HK), has appointed David Tay, a former senior executive at Visa Asia Pacific, as Global Vice President, tasking him with overseeing the strategic direction and product ecosystem development of YEAHKA’s overseas payment business. The appointment comes as global digital trade enters a new phase defined by ecosystem integration, with payment infrastructure undergoing a generational shift in acceleration.

David Tay, a Singaporean national, is a rising leader in the payments industry. During his career at Visa, David played a key role in driving business growth across multiple Southeast Asian markets, demonstrating early promise in commercial insight and innovation. He subsequently moved into Visa’s Innovation division, where he rose to serve as Head of Innovation, leading Visa Pacific’s product innovation and new business.

In that capacity, David led the commercialization of cutting-edge payment paradigms including Visa Flex Credential and Pay by Palm. He was also involved in the evaluation and governance of strategic partners across the region, accumulating deep expertise in collaborating with banks, fintechs, and large-scale enterprise merchants.

David’s track record spans the full go-to-market lifecycle, from concept to pilot to scale, as well as deep capabilities in cross-institutional partnerships and ecosystem development. His appointment comes at an inflection point for YEAHKA’s international expansion. According to YEAHKA’s 2025 annual report, its overseas business delivered full-year Gross Payment Volume (GPV) surpassing RMB 5 billion, representing a 323.3% year-on-year surge from RMB 1.1 billion in 2024.

View original content:https://www.prnewswire.com/apac/news-releases/former-visa-asia-pacific-executive-david-tay-joins-yeahpay-as-global-vice-president-302763652.html

SOURCE Yeahka

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