Market Trends of North America Photographic Services Industry
Increasing Revenue of Photographic Services in the United states
Revenue from photographic services increased from 2020 to 2021 in the USA market. Expenses in a retail studio are greater than those of a home-based photography studio. With a home studio, one can write off some home-living costs as work-related tax deductions. Running a large studio with multiple photographers working under you will be more costly. You can expect to pay employee wages, administrative services, and production costs. However, increasing revenue will boost the photography industry in the USA market.
Impact of Increasing Smart users in Photography Service Market
Customers have basic needs when choosing a new smartphone, and one of them is camera quality. 86% of Americans prefer phones with better camera specifications since they intend to get high-quality pictures in the future. Considering that it has one of the top 10 highest-resolution cameras, this smartphone can easily compete with digital cameras used by professionals. It is slowly creating a risk for the industry by potentially reducing demand for professional digital photography services. Statistics show that almost half of the people in the United States use photo editing software on their smartphones. And photo editing app creators are more than happy about this fact.
