19 June 2019, The global digital photo frame market is subject to witness a substantial growth due to the increasing demand for electronic picture frames coupled with recent technological advancement technologies such as instant image sharing via cloud platform. In addition, rise in domestic as well as international tourism is expected to drive market demand for digital photo frame over the forecast period.
Factors responsible for sustained market growth include robust growth in even management and tourism sector across the globe in the past few years. Increase in the number of hotels, holidays, parties, weddings and global events is expected to drive the growth of the market over the forecast period. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the digital photo frame market.
A digital photo frame is designed specifically to display digital photos. A digital photo frame does not require a computer or printer to display digital photo. A digital photo frame is referred as a digital media frame. However, digital photo frame can only display stable and stationary images. Use of digital photo frames provide aesthetically appealing display to photographs and power system designed for longer use. These factors are contributing significantly to the future market growth of digital photo frame industry in the past few years.
Digital photo frames typically classified as per different shapes and sizes with a range of exclusive features. Digital photo frames are capable of playing along with displaying stationary photographs. Other feature of digital frames include utilization of Wi-Fi connection, cloud storage, USB and SD card hub.
The market is broadly categorized into major segments based on the type of base material such as plastic, metal, wood and glass. The metal digital photo frame is considered as one of the faster growing segment in the market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, increase in the number of research & development activities in the region and existence of well-established infrastructure. European region is expected to lead digital photo frame market over the upcoming years owing to rise in the international tourism activities and increase in the popularity of digital photo cards.
Asia-Pacific region is predicted to hold major market share in the digital photo frame market with massive growth in forecast period. Countries such as India, China, Japan, South Korea, Malaysia and Singapore are leading the Asia-Pacific market with rising disposable income, improved living standards, higher purchasing power among general population, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the digital photo frame market are Eastman Kodak Company, Hewlett-Packard Development Company, L.P., Koninklijke Philips N.V., Samsung Group, Inc., and Sony Corp.
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