5 Businesses that Feel the Pinch
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Photofinishing Shops
5 Businesses that Feel the Pinch
Photofinishing shops have seen a growth id -69.1 percent and revenue of $1,603 million from a total of 7,083 establishments. The growth of the Photoshop, Mobile phones, and several editing tools freely available online have hampered the industry in a very brutal way. People use the social networking sites to create albums rather than getting a hard-covered book or getting the photos printed. They no longer to wait for days to get their images developed in a photo studio, as digital cameras come with a sharing option, which make sharing of the images very easy. The forecasted growth of the industry is -33.3 percent in the coming decade, and many shops have closed down their business to move on the digital way.

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