review site logo
May 05,  2017

Revenue of Stock Images Industry To Grow to 4 Billion by 2022

By Topimagessites

As per the BMI (Beige Market Intelligence) report, the global stock image market is estimated to see an annual growth of 7% from 2016 to 2022.

The type of licenses that is estimated to contribute to the major share of the growth, are the rights-managed licenses. Rights-managed licenses normally come with a number of restrictions, but can also come with exclusive or semi-exclusive rights. They are therefore often more expensive than royalty-free images.

North America is estimated to continue to be the largest market for stock images, with a market share of about 45%. The two main factors contributing to this growth are the easy internet access and increased social media advertisement and marketing.

To read the full article, please go here.