PUNE, India — Despite the shift to digital photography over film, there’s still hope for stores with photo kiosks, as a new report on the photo kiosk market predicts that it will reach $1.5 billion globally, with retail stores composing 51% of the market share. Additionally, stores like Rite Aid, Costco, Target, Walgreens and Walmart will be key players in the market.
The report, from ReportsnReports, highlights the role that consumer interest in instant services provided by photo kiosks as being a key driver in the market. Being able to send kiosks a photo from their phone and receiving an instant print is preferable to waiting for film to be developed, the report says. Additionally, customized gift printing, including greeting cards, calendars and photo albums that kiosks can produce, is driving market growth.
In terms of geography, the report suggests that market share will be focused in the Americas, due in part to an increased demand for kiosks in retail, entertainment, travel and healthcare industries.