This 'Photography Industry' infographic details the changing sphere of capturing images. Recently undergoing some major alterations, this is a business under major construction.
Heavily influenced by the recent surge in mobile photographic technology, the industry is feeling somewhat devastating which is reflected by this chart. The graph, which mentions Kodak's recent file for bankruptcy, paints a somewhat dire picture for the future of this industry. Point-and-shoots are being dramatically outnumbered by smartphones, and it may be accurate to say that these models are a dying breed.
Though telling a somewhat sad story, the infographic itself is quite attractive and actually references the lo-fi style which dominates smartphone captures today. The chart details a fairly short history of the camera, but is quite comprehensive in telling the story of photography.
Snapshot Business Charts
This Photography Industry Infographic Tells an Ever-Changing Story
Trend Themes
1. Mobile Photography - The surge in mobile photographic technology is causing major alteration in the photography industry, creating disruptive innovation opportunities for companies offering mobile camera accessories and software.
2. Smartphone Camera Dominance - As point-and-shoots are being outnumbered by smartphones, there's an opportunity for camera companies to collaborate with smartphone manufacturers to enhance camera features and differentiate from competitors.
3. Lo-fi Photography - The rise of lo-fi style dominating smartphone captures creates an opportunity for companies offering specialized image filters and effects that enhance and personalize mobile photography experiences.
Industry Implications
1. Mobile Accessories - The surge in mobile photography presents an opportunity for companies offering mobile camera accessories like clip-on lenses and tripod mounts.
2. Smartphones - Smartphone manufacturers have an opportunity to enhance their camera features and differentiate from competitors as camera technology becomes an increasingly important factor for consumers when choosing a smartphone.
3. Software - Companies offering specialized image filters and effects that enhance and personalize mobile photography experiences have a major growth opportunity with the rise of lo-fi style in smartphone captures.