Global Stock Images Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stock Images Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Stock Images is the supply of photographs which are often licensed for specific uses. For brands and publications, certain platforms make it easy to source and buy images online. For photographers, they have provided new opportunities to monetize their work, earn passive income, and break into the industry.
Professional Stock Images traditionally place their images with one or more stock agencies on a contractual basis, while stock agencies may accept the high-quality photos of amateur photographers through online submission.

Market Overview:

The latest research study on the global Stock Images market finds that the global Stock Images market reached a value of USD 3400.1 million in 2022. It’s expected that the market will achieve USD 4425.28 million by 2028, exhibiting a CAGR of 4.49% during the forecast period.

The impact of COVID-19 on the global economy.

More than one million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

The reduction in economic activity caused by COVID-19 has affected the development of the Stock Images industry in the short term.

The ongoing COVID-19 pandemic and its economic impact have affected everyone, including photographers. Many photographers have lost income due to job cancellations, fewer photography activities, and potential customers (including commercial customers). Many stock images websites have launched a number of programs to help photographers and others affected by the COVID-19 pandemic, including increasing RF authorization fees.

Drivers

Cultural and Historical Images are mainly used in scientific research and news reporting. In recent years, with the economic growth of major economies around the world, its scientific research investment in the fields of science, education, culture and health, especially the social sciences, has shown an increasing trend. Under this trend, the demand for Cultural and Historical Images purchased for scientific research is increasing. This increase in demand has promoted the development of the industry. In addition, in recent years, the trend of electronic news media has become more apparent. In order to better present news or column content, publishers generally tend to choose more high-quality pictures for display.

Limitations

The scale and number of Cultural and Historical Images customer groups are relatively small, and the market growth is relatively slow compared to other image types. Taking into account this characteristic, this category will maintain this trend during the forecast period.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (45.36% in 2021).

Company Overview:

Getty Images is one of the major players operating in the Stock Images market, holding a share of 18.68% in 2022.

Getty Images

Getty Images is the most trusted and esteemed source of visual content in the world, with over 200 million assets available through its industry-leading sites www.gettyimages.com and www.istock.com. The Getty Images website serves creative, business and media customers in almost 200 countries and is the first place people turn to discover, purchase and share powerful content from the world best photographers and videographers.

ShutterStock

Shutterstock is a leading global technology company offering a creative platform for high-quality assets, tools and services.
The company licenses images, video, music, and editorial assets -- as well as custom content tailored to a brand needs. Shutterstock offers a variety of plans for individuals, teams, and enterprise customers as well as creative editing and collaboration capabilities. The Shutterstock portfolio of brands includes Bigstock, Offset, PremiumBeat, Rex Features and Shutterstock Custom.

Segmentation Overview:

As for product types, the Paid segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Advertising, with a market share of 40.1% in 2021.

Key Companies in the global Stock Images market covered in Chapter 3:

Stockvault
ShutterStock
Stocksy
Flickr
Masterfile
123RF
Getty Images
Pexels
Depositphotos
Alamy
Adobe Stock
Visual China
Pixabay
AgeFotostock

In Chapter 4 and Chapter 14.2, on the basis of types, the Stock Images market from 2018 to 2029 is primarily split into:

Free
Paid

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stock Images market from 2018 to 2029 covers:

Scientific Research
Books and Newspapers
Website Building
Advertising

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)