Insights into Photo Booth Market and it’s growth outlook
Category: #Technology  By Rahul Varpe  Date: 2021-03-09
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Insights into Photo Booth Market and it’s growth outlook

Three emerging trends in the global photo booth market by 2027

Rapid digitization across retail outlets could generate new growth strides in the photo booth market over the coming years. Government organizations are introducing new initiatives to drive international tourism, helping boost the demand for affordable photo booths across tourist destinations.

Photo booths are also gaining widespread popularity at parties and weddings owing to their features including sleek designs, customized backdrops, and theme-based text printed on photos. Open air booths are mostly adopted at events that have limited spaces such as festivals, parties, corporate functions, school formals, and weddings. Portable photo studios provide a more engaging and fun experience to people than traditional closed photo booths.

Given to robust demand, several firms in the photo booth market are launching advanced products. For instance, 2016 witnessed that launch of Magic Mirror photobooth which can capture full length pictures using a touch screen reflective screen. After the customers strike a pose, they can customize their photos using the on-screen paint pad, and then get them printed pictures instantly. With such product launches, Global Market Insights, Inc., reports that the photo booth market may grow over USD 1 billion by 2027.

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Mentioned below are some of the key trends that may propel photo booth market outlook:

1)    Incorporation of advanced imaging features

Lightweight and compact photo booths are steadily gaining grip in the market. These booth now come with advanced imaging technology. Photo booth companies are providing several product features such as innovative printing system, customer logos on products, green screen support, customized borders and backgrounds, and touch screen navigation.

2)    Robust technological innovations

Latest photo booths offer a hassle-free way to capturing and print high-quality images. Some of these booths come with 4G mobile hotspots which allow people to share their photos online on different social media sites. Easy accessibility to photo booths having a large variety of props and customized backgrounds attracts more customers. These booths are widely stationed at corporate events to enhance fun and entertainment for guests and employees.

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3)    Intensifying demand across North America

The North America photo booth market is projected to rise significantly owing to robust adoption of photo booths in retail outlets and shopping centers. Retail outlets are making use of effective customer engagement methods in order to manage growing crowd. Having an in-store photo booth allows retailers to grow their business presence using messenger apps like Line and Facebook. Interactive photo booth system enables retailers to enhance their brand awareness and loyalty, while offering a pleasing shopping experience to customers.

Table Of Content

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology & forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Data sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Executive Summary

2.1    Photo booth industry 360º synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Component trends

2.1.4    Type trends

2.1.5    Application trends

Chapter 3   Photo Booth Industry Insights

3.1    Industry segmentation

3.2    Impact of coronavirus (COVID-19) pandemic

3.2.1    Global outlook

3.2.2    Regional outlook

3.2.2.1    North America

3.2.2.2    Europe

3.2.2.3    Asia Pacific

3.2.2.4    Latin America

3.2.2.5    MEA

3.2.3    Industry value chain

3.2.3.1    Raw material & component suppliers

3.2.3.2    Manufacturers

3.2.3.3    Technology provider

3.2.4    Competitive landscape

3.2.4.1    Marketing & strategy

3.2.4.2    Business growth

3.3    Industry ecosystem analysis

3.3.1    Evolution of photo booths

3.3.2    Raw material & component suppliers

3.3.3    Manufacturers

3.3.4    Technology providers

3.3.5    Third party payment issuers/providers

3.3.6    Telecom operators

3.3.7    System integrators

3.3.8    Service providers

3.3.9    Distributors

3.3.10    Vendor matrix

3.4    Technological & innovation landscape

3.4.1    Augmented Reality (AR) & Virtual Reality (VR)

3.4.2    Impact of Artificial Intelligence (AI) and Machine Learning (ML)

3.4.3    NFC & RFID enabled photo booths

3.4.4    Virtual photo booth

3.4.5    3D technology

3.4.6    Green-screen technology

3.5    Regulatory landscape

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Integration of advanced technologies in photo booths

3.6.1.2    Rising adoption of photo booths in entertainment industry in North America

3.6.1.3    Increasing investments by market players to enhance image quality in Europe

3.6.1.4    Adoption of social networking sites among young demographic in Asia Pacific

3.6.1.5    Growing internet penetration and digitalization in Latin America

3.6.1.6    Flourishing travel & tourism industry in the MEA

3.6.2    Industry pitfalls & challenges

3.6.2.1    High cost of the machine

3.6.2.2    Poor quality photos leading to security risks

3.6.2.3    Growth of rental photo booth market

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Supplier power

3.8.2    Buyer power

3.8.3    Threat of new entrants

3.8.4    Threat of substitutes

3.8.5    Internal rivalry

3.9    PESTEL analysis


 

 

About Author

Rahul Varpe    

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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