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Digital Photo Frame Market size is set to grow by USD 110.4 million from 2024-2028, Inclination toward high standard of living boost the market, Technavio

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NEW YORK, July 9, 2024 /PRNewswire/ — The global digital photo frame market is estimated to grow by USD 110.4 million from 2024-2028, at a CAGR of almost 2.94%, driven by an inclination toward a high standard of living and the introduction of smart digital photo frames. However, supply chain complexity poses a challenge. Key market players include Aluratek Inc., Kodak Co., LG Corp., and Samsung Electronics Co. Ltd. Demand for digital photo frames is rising as consumers seek modern, tech-savvy ways to display their photos, reflecting broader lifestyle and technological trends.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Digital Photo Frame Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.94%

Market growth 2024-2028

USD 110.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.86

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, Germany, UK, China, and France

Key companies profiled

Aluratek Inc., Creedon Technologies USA LLC, Danfoss AS, Eastman Kodak Co., GiiNii Tech Corp., Glimpse LLC, Hama GmbH and Co KG, Hewlett Packard Enterprise Co., Highland Technologies Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Corp., Netgear Inc., PhotoSpring Inc., Samsung Electronics Co. Ltd., Sony Group Corp., Spheris Digital Ltd., Sungale Inc., ViewSonic Corp., and XElectron Technologies Pvt. Ltd.

Market Driver

The digital photo frame market is experiencing growth due to the increasing popularity of home automation and smart hubs. Smart digital photo frames, a segment of the digital photo frame market, are benefiting from repeat purchases, particularly in regions like the Americas and Europe. Innovations and technological advances, such as wireless connectivity and IoT integration, are key drivers for these purchases. Smart home technologies, including AI-enabled controllers and hubs, are fueling the adoption of smart and innovative home decor products like digital photo frames. Devices like Amazon Echo and Alexa-enabled frames from NixPlay and PhotoSpring enable users to control their frames remotely via Wi-Fi and voice commands. Uninterrupted connectivity to smart appliances is crucial for handling tasks remotely, and vendors are incorporating Wi-Fi and IoT technologies to differentiate their offerings and attract tech-savvy consumers. The growing popularity of IoT is expected to continue driving the growth of the global digital photo frame market. 

The Digital Photo Frame market is experiencing significant trends in various sectors. Portrait and landscape positions are popular for both tabletop and wall-mounted frames. The smart home market is driving demand, with internet users seeking multifunctional devices. Households and commercial segments, including hotels and restaurants, are key customers. Profit margins are low, making economic recessions challenging. Simple multimedia frames use cameras’ memory cards or built-in memory, while Bluetooth technology enables wireless image transfer. Traditional advertising is being replaced by low-cost digital displays from brands like Sylvania, Nixplay, Micca Electronics, Tenker, Danfoss, and Frame. Urbanization and emerging countries expand the general population’s disposable incomes, increasing demand. A holistic evaluation of Digital Picture Frames and Digital Media Frames as image screens for digital images reveals a substantial role in our modern lifestyle, replacing monitors and printers with gadgets that are more convenient and cost-effective. 

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Market Challenges

Inventory management is a vital strategy for digital photo frame vendors, as consumer preferences for home decor items, including digital photo frames, change rapidly. Home decor suppliers and manufacturers must adapt to small orders from wholesalers and retailers and expedite inventory turnaround times to meet demand. This puts pressure on raw material, quality control, transportation, and labor costs. Many digital photo frame manufacturers have shifted production from China due to rising energy prices, manufacturing costs, and trade barriers. Strong supply chain relationships are crucial for inventory management, with retailers being the primary concern due to slow adoption of digital photo frames. Retailers manage thousands of items across various product lines and categories, requiring efficient merchandise planning that aligns with demand forecasts. Merchandising management is critical, as retailers may regularly extend or drop entire categories or lines due to changing consumer needs. Inefficient merchandising management, coupled with slow adoption, hinders the growth of the global digital photo frame market. Digital photo frame retailers have responded by developing in-house or third-party IT tools to improve manufacturing and distribution processes, such as Inventory Management Systems (IMS), Warehouse Management Systems (WMS), Distribution Centre Delivery Systems, point-of-sale terminals, systems for communication with stores, and in-store product labeling systems. Sourcing is also a significant challenge, with the ability of countries like Brazil, India, South Africa, and Russia to handle digital photo frame production impacting delivery schedules. Local and regional sourcing companies have emerged to reduce the risk of changing laws, currency rates, and transportation efficiency for private-label digital photo frames.The Digital Photo Frame market faces challenges in various sectors. For consumers, portrait and landscape positioning are crucial for displaying photos optimally. Tabletop and wall-mounted frames cater to different needs in the household sector. The smart home market presents opportunities, with internet users seeking multifunctional devices. However, the market’s low profit margin and economic recession pose challenges. Simple multimedia frames with built-in memory or Bluetooth technology are popular among the general population. Companies like Sylvania, Nixplay, Micca Electronics, Tenker, Danfoss, and Frame offer various options. Commercial segments, including hotels and restaurants, use digital picture frames for advertising. Emerging countries and urbanization expand the customer base. Traditional advertising and low-cost digital displays compete with high-end frames. Holistic evaluation of digital media frames, image screens, monitors, and printers is essential for market success.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This digital photo frame market report extensively covers market segmentation by

Distribution Channel1.1 Offline1.2 OnlineSource 2.1 Electricity-powered2.2 Battery-poweredGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline- The Digital Photo Frame market is growing steadily, with increasing demand for innovative and user-friendly products. Companies are focusing on improving image quality and adding features like Wi-Fi connectivity and motion sensors. Consumers appreciate the convenience of remotely uploading and displaying their cherished memories. Market size is expected to expand due to rising disposable income and the trend towards digitalization. Competition is fierce, with major players like Samsung, Kodak, and Pix-Star offering diverse product lines. Companies are also exploring partnerships with social media platforms to enhance user experience.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Digital Photo Frame market is experiencing significant growth due to the increasing disposable incomes of customers and the urbanization trend in emerging countries. A digital photo frame is more than just a display for photos; it’s a holistic evaluation of modern technology and art. With an image screen replacing the traditional Photo Frame, digital media frames have taken center stage. The integration of cameras’ memory cards, built-in memory, and Bluetooth technology has made these frames more versatile and user-friendly. Households and commercial segments, including hotels and restaurants, have found substantial roles for these frames in their spaces. Brands like Sylvania, Nixplay, Micca Electronics, and Tenker have emerged as key players, offering a range of low-cost digital displays for various applications, challenging traditional advertising methods. Danfoss, a leading engineering company, has also entered the market with its digital media frames, adding to the competition.

Market Research Overview

The Digital Photo Frame market is experiencing significant growth, driven by increasing disposable incomes and urbanization in emerging countries. This market caters to customers seeking to showcase their digital images in a more sophisticated way than traditional photo frames. A holistic evaluation of the market reveals a substantial role for digital picture frames and digital media frames, which offer an image screen for displaying digital images. These gadgets can be placed on tables or walls in portrait or landscape position and are gaining popularity in the smart home market. The market also includes multifunctional devices that serve as monitors, printers, or even smart tabs. The household sector and commercial segment, including hotels, restaurants, and traditional advertising, are key areas for growth. However, the market faces low profit margins and economic recession challenges. Simple multimedia devices with built-in memory or cameras’ memory cards and Bluetooth technology are popular features. Companies like Sylvania, Nixplay, Micca Electronics, and Tenker have made significant strides in this market, offering low-cost digital displays for the general population.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineSourceElectricity-poweredBattery-poweredGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million

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November 16, 2024

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Revenue grew by 23.8% compared to previous yearGross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23Adjusted EBITDA rose 29.5% to SAR 210.2 million

JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.

Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.

The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.

Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.

SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.

Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:

“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.

Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.

We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.

Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”

View original content:https://www.prnewswire.co.uk/news-releases/sustainable-infrastructure-holding-company-sisco-q3fy24-revenue-excluding-accounting-construction-revenue-increases-by-23-8-to-341-8-million-302307352.html

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Carbon Mapper Achieves First Tanager-1 Methane Mitigation Success

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November 16, 2024

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BAKU, Azerbaijan, Nov. 16, 2024 /PRNewswire/ — Carbon Mapper released over 300 methane and CO2 plume detections today— its first tranche of emissions data based on observations from the Tanager-1 satellite which was launched in August. Tanager-1 is built and operated by Planet Labs PBC and made possible by the Carbon Mapper Coalition, a philanthropically backed public-private partnership including Planet Labs and NASA’s Jet Propulsion Laboratory among others. This data offers granularity on sources of super-emitters around the world, driving direct actions to cut methane and carbon dioxide as proven by an early mitigation success story.

Tackling methane is a global priority. This mitigation success shows how remote sensing tech can be a game changer.

On Oct. 9, Tanager-1 detected a large plume of methane which Carbon Mapper determined was stemming from a gathering pipeline in the Texas Permian Basin. The team reported the leak to a state agency and the U.S. government, who subsequently notified the facility operator. The operator quickly responded and voluntarily conducted repairs, leading to meaningful emissions reduction. Follow up observations from Tanager-1 detected no plume, confirming the leak was successfully fixed.

Carbon Mapper’s preliminary emissions estimate of this leak is approximately 7,000 kilograms of methane per hour. Each hour it was emitting equaled the same CO2 emissions as driving 47 gas-powered cars for a year.

This first verified methane mitigation action adds to existing evidence that when decision makers are empowered with data on the exact sources of emissions, they can effectively prioritize actions that cut waste and eliminate methane. This mitigation is consistent with pilot airborne surveys Carbon Mapper has conducted in several U.S. states including California and Colorado. Through these pilots, Carbon Mapper has found that nearly half of super-emitting events flagged for state agencies and operators were previously unknown, and once identified, were voluntarily mitigated.

“Tackling methane quickly is a crucial global priority. This early mitigation success story shows that remote sensing technologies with unique capabilities like Tanager-1 can be a gamechanger in driving down emissions in the near-term,” said Carbon Mapper CEO Riley Duren.

To scale these local mitigation successes globally, Carbon Mapper is making new data from Tanager-1 publicly available on its data portal. These include detections of methane and CO2 in 34 countries across the oil and gas, waste, and agriculture sectors. This work is supported by the High Tide Foundation, Grantham Foundation for the Protection of the Environment, Bloomberg Philanthropies, Children’s Investment Fund Foundation, AKO Foundation, and Zegar Family Foundation, among others.

In the coming months, Carbon Mapper will continue to scale up observations and make methane and CO2 data routinely accessible to help decision makers fill gaps in their understanding of the exact sources of emissions and empower mitigation action at the source. These routine detections will be made publicly available for non-commercial use 30 days after collection. Together, with complementary satellite programs, like the Environmental Defense Fund’s MethaneSAT, Carbon Mapper will provide transparent data at different levels of granularity and ensure that the information gets into the right hands to catalyze faster and more effective emissions reductions.

Special Note to Reporters:
More information, including plume images and key data from Tanager-1, can be found in our press package here. 

About Carbon Mapper
Carbon Mapper is a nonprofit organization based in Pasadena, CA, with the mission to drive greenhouse gas emissions reductions by making methane and carbon dioxide data accessible and actionable. It focuses on filling gaps in the emerging ecosystem of methane and CO2 monitoring systems by delivering data at facility scale that is precise, timely, and accessible to empower decision making and direct mitigation action. The organization leads a public-private coalition that is developing and deploying a constellation of satellites capable of detecting, quantifying, and verifying methane emissions worldwide. Data from these satellites will offer the next major step in scaling up the organization’s robust data portal featuring thousands of direct observations of global methane and CO2 super-emitters. Learn more at carbonmapper.org, view data at data.carbonmapper.org, and follow us on X @carbonmapper.

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SOURCE Carbon Mapper Inc.

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The Centennial Celebration of Sun Yat-sen University Held in Guangzhou

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25 minutes ago

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November 16, 2024

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GUANGZHOU, China, Nov. 16, 2024 /PRNewswire/ — The Sun Yat-sen University (SYSU) held the Celebration Conference for the 100th Anniversary of SYSU and Innovation-Driven Development Forum  in the university on the morning of November 12. Over 5,500 people from governments, universities, institutions and organizations across the country as well as the SYSU alumni, faculty and student representatives attended the event.

 

In his opening remarks, Gao Song, president of Sun Yat-sen University and a member of the Chinese Academy of Sciences, mentioned the glorious century-long history of the university.

“Sun Yat-sen University was established in a time of national crisis and went through the periods from revolution to building of the People’s Republic of China. Based in Guangdong Province, the frontline of China’s reform and opening-up, SYSU has achieved a remarkable development in the new era of socialism with Chinese characteristics,” Gao said.

SYSU will expand opening up at a high level to deepen international exchange and cooperation, and build a global partnership network of universities. The university will continue to contribute its efforts to promoting mutual learning between civilizations, tackling global challenges, advancing science and technology, reaching sustainable socio-economic development, as well as improving the wellbeing of humanity, Gao added.

Lynn Pasquerella, president of the Association of American Colleges and Universities, extended congratulations to Sun Yat-sen University and spoke highly of the achievements the university has made over the past century. She said the university’s innovative research is impressive, in particular with the frontier research in bioinformatics and cancer treatment. SYSU also takes a leading position in social science research in China. She pointed out that these accomplishments can be attributed to the unremitting efforts of the university to benefit China and the rest of the world with knowledge.

The centennial celebration conference was followed by the Innovation-Driven Development Forum. Professor Jean-Marie Lehn, the Nobel Laureate in Chemistry in 1987 and also known as the “father of supramolecular chemistry”, who is now a member of the French Academy of Sciences and an international member of the Chinese Academy of Sciences, together with other distinguished experts in sectors of image and video AI and search, cloud computing, and distributed systems as well as outstanding representatives of SYSU alumni attended the forum. They discussed the role of education, science and technology, and talents in Chinese modernization.

https://youtu.be/7y2hMQpT_kE?si=MxGOIxpSkfYn2f00

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SOURCE Sun Yat-sen University (SYSU)

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