Online photo services generated $450 mln in 2006
According to InfoTrends, online photo service membership continues to experience steady growth, resulting in increased revenue for Web-based print providers. InfoTrends reports that online photo service providers generated just under $450 mln in revenues from prints and photo merchandise in 2006, and that figure is expected to grow to more than $1 bln by 2011. This growth is the result of significant increases in the overall volume of prints and photo merchandise, a consumer shift toward retail and online printing, and a stabilization of print prices after several years of decline. InfoTrends also projects that the total number of uploading members will rise at a CAGR (compound annual growth rate) of approximately 13% from 2006 to 2011.