Photography industry has grown rapidly over the years with the induction of new horizons. Photography is defined as the activity of filming or taking photographs. Now several aspects of photography are covered by photography companies like still photography, digital photography, and videography to name a few. According to a research, photography industry generated $10 Billion a year with employing more than 230,000 people in America. Now, certain latest trends like photo lights boxes have emerged which helped the industry to broad its horizons.
Here, we present you some fact and figures that will show you the growth and statistics of photography industry in US and UK.
General Photography industry Stats
In UK, the profitability depends on the company and its size. There was a considerable improvement in profitability in 2018-19 when it reached 11.2% of the revenue.
In US, photography is among the top 40% most profitable industries. More than 70% of companies are generating profit thanks to latest trends like photo light boxes. The overall profit trend is 12.1% of the revenue.