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Digital Photo Frame Market size is set to grow by USD 118.1 million from 2025-2029, inclination toward high standard of living boost the market- Technavio

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NEW YORK, Jan. 28, 2025 /PRNewswire/ — The global digital photo frame market size is estimated to grow by USD 118.1 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 3.1% during the forecast period. inclination toward high standard of living is driving market growth, with a trend towards introduction of smart digital photo frames However, supply chain complexity poses a challenge.Key market players include 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 NV, 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..

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Digital Photo Frame Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 3.1%

Market growth 2025-2029

USD 118.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.0

Regional analysis

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

Performing market contribution

North America at 37%

Key countries

US, China, France, UK, and Japan

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 NV, 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 significant growth due to the digitization trend and the increasing popularity of Wi-Fi capabilities, smart home integration, and high-resolution displays. Weddings, gift-giving occasions, and the preservation of family memories are key drivers for this market. Smart TVs and other smart home gadgets like Amazon Alexa are integrating digital frames into their ecosystems, providing new marketing opportunities for brands. High-quality displays and photo management features are essential for consumers looking to showcase their digital media. The market for digital frames includes various types such as wall-mounted and table-mounted, as well as innovative designs like mirrors. The emergence of USB and cloud storage options, as well as multifunctional devices, are also contributing to the market’s growth. Despite the low-profit margin, the disposable income of internet users and the rapid urbanization trend are creating new revenue pockets. However, trade regulations and economic recessions may impact the market’s profitability. The value chain optimization of digital frames, from display technology to brand engagement, is crucial for market success. 

The digital photo frame market has experienced notable growth due to the increasing popularity of home automation and smart hubs. Smart digital photo frames represent a significant portion of this market. Repeat purchases drive sales in regions like the Americas and Europe, fueled by continuous innovation and technological advancements. Homeowners are increasingly adopting smart and innovative home decor products, such as digital photo frames, in conjunction with AI-enabled smart home controllers and hubs, enabling remote control of these devices. 

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Market Challenges

The Digital Photo Frame market is experiencing significant growth due to the digitization trend and the increasing number of internet users. Weddings and gift-giving occasions are key sales drivers. Challenges include wi-fi capabilities, smart home integration, and competition from smart TVs and other smart home gadgets. High-resolution display and photo management are crucial features. Brands are focusing on marketing through showrooms and automation systems. Technological advancements like Amazon Alexa and Google Photos integration are important. USB and memory card compatibility are essential. The market faces low-profit margins due to disposable income levels. Emerging revenue pockets include digitization, home automation, and multifunctional devices. Trade regulations and economic recession pose challenges. The market includes various types of frames like wall-mounted and table-mounted, and designs ranging from traditional to digital media frames. Quality, preservation, and presentation are key considerations for consumers. The market caters to various sectors like family memories, art, achievements, and office furnishings.Effective inventory management is essential for digital photo frame vendors as consumer preferences shift rapidly, necessitating quick inventory turnover. Home decor suppliers and manufacturers, including those specializing in digital photo frames, must adapt to small orders from wholesalers and retailers and streamline inventory turnaround times. This puts pressure on raw material, quality control, transportation, and labor costs for manufacturers. Many digital photo frames are produced in China, but rising energy prices, manufacturing costs, and trade barriers between the US and China have led some US-based manufacturers to explore alternative production locations to maintain profitability.

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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 in the US has a diverse distribution network, including specialty stores, hypermarkets, supermarkets, convenience stores, and clubhouse stores. Specialty stores, such as traditional home decor stores, consumer electronics stores, and lifestyle stores, offer a wide selection of digital photo frames from various brands and price ranges. These stores are crucial for vendors as they help plan marketing, advertising, promotions, brand building, training, and IT support budgets. Notable specialty retailers include Lowes, Bed Bath and Beyond, and Home Depot. Hypermarkets and supermarkets, known for their competitive pricing and vast stock-keeping units (SKUs), are popular among consumers for purchasing digital photo frames due to their convenience and variety of brands. Walmart, the largest hypermarket in the US, is a significant player in the market. Some hypermarkets are expanding their presence, like Walmart’s 134 new stores in Mexico, which may boost digital photo frame sales during the forecast period. Department stores serve as one-stop shopping destinations and are popular for their extensive product offerings. Target Brands and Sears Brands are prominent department stores selling digital photo frames. The expansion of these department stores can contribute to increased sales of digital photo frames during the forecast period.

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Research Analysis

The Digital Photo Frame market is a growing industry that caters to consumers seeking innovative ways to showcase and preserve their family photo archives. These frames offer rotating photos from cloud-based storage, creating a continuous slideshow of cherished memories. Advanced models come with photo editing features, digital photo slideshows, and personalized gadgets, transforming the traditional picture frame into a smart photo display. Interactive photo experiences, home automation integration, and remote content management are some of the latest trends in this market. With LCD screens, photo memories app, and digital photo preservation solutions, these frames offer more than just a decorative piece for home decor. Frames come in various finishes, prices, and designs, including certificate frames, mirror frames, lined frames, and even frame repair services. Whether you’re looking for a digital photo album, photo management software, or just a picture frame, there’s a digital photo frame to fit every need and budget.

Market Research Overview

The digital photo frame market is experiencing significant growth due to the digitization trend and the increasing popularity of Wi-Fi capabilities, smart home integration, and cloud storage. These frames offer a modern alternative to traditional picture frames, allowing users to display their family memories, certificates, achievements, and even art in a digital format. With smart TVs and other smart home gadgets becoming increasingly common, digital frames are being marketed as essential additions to the smart home ecosystem. Technological advancements, such as high-resolution displays, automation systems, and voice control with Amazon Alexa, are also driving demand. The market is seeing emerging revenue pockets in areas such as weddings, gift-giving occasions, and office furnishings. Despite the low-profit margin, the disposable income of internet users and the lifestyle trend towards digital media consumption are expected to fuel further growth. The market is also witnessing rapid urbanization and the emergence of new revenue pockets in import export analysis and multifunctional devices. However, trade regulations and economic recession may pose challenges to profit margin optimization. Digital frames come in various designs, including mirrors and glossy finish, and can be wall-mounted or table-mounted. They offer a preservation solution for photographs, deterioration-free, and are available in a range of sizes and patterns.

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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Foundever® Expands Offshoring Operations in Egypt, adding 5,000 Jobs and Opening a New Contact Center in Luxor

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Foundever invests in Egypt, leveraging government support for talent development and cementing Egypt’s role as a global hub for CX and IT Offshoring

CAIRO, Feb. 3, 2025 /PRNewswire/ — Foundever, a global leader in customer experience (CX) solutions, is significantly expanding its presence in Egypt, announcing plans to create 5,000 new jobs over the next four years. Central to this growth is the establishment of a new state-of-the-art contact center in Luxor, enhancing its existing operations in Cairo at Maadi Technology Park and City Stars Business Complex.

This expansion solidifies the commitment of Foundever in Egypt as a key destination for global business services. The company’s growth builds on the country’s reputation as a global hub for CX services and IT offshoring, driven by a highly skilled workforce and robust government support. Over the past year, Foundever has achieved an impressive 115% growth in Egypt, now serving 15 clients across 14 languages.

The new Luxor facility will allow the company to tap into the region’s abundant talent pool, supporting socio-economic development in Upper Egypt. With plans to create thousands of new jobs, Foundever is poised to further strengthen Egypt’s position as a leader in the global outsourcing industry.

The company has also extended its Memorandum of Understanding (MoU) with Egypt’s Information Technology Industry Development Agency (ITIDA) for another four years, reaffirming its long-term commitment to investing in the country’s talent and infrastructure.

“This growth mirrors the ongoing success of Egypt’s outsourcing industry, which is one of the country’s most promising sectors with a distinguished global standing. The establishment of a new center in Luxor demonstrates increasing confidence in Egyptian talents nationwide and their ability to deliver services that meet international standards. The Ministry remains dedicated to fostering an enabling environment for investment through advanced digital infrastructure, progressive policies, and comprehensive training programs designed to equip our workforce with the technical, linguistic, and professional skills required by global markets,” stated Egypt’s Minister of Communications and Information Technology, Dr. Amr Talaat.

By expanding into Luxor, Foundever is advancing its strategy to harness the potential of untapped talent pools, while contributing to Egypt’s growing stature as a top-tier offshoring destination.

About Foundever® 

Foundever is a global leader in the customer experience (CX) industry, with 150,000 associates across the globe. Get to know us at www.foundever.com.

 

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Notification of Executive’s transaction with Asetek shares

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AALBORG, Denmark, Feb. 3, 2025 /PRNewswire/ — According to the Market Abuse Regulation art. 19, Asetek A/S (the “Company”) announces to have received notifications regarding transactions in the Company’s shares and related securities by persons discharging managerial responsibilities and persons closely associated with them.

Chief Executive Officer of Asetek A/S André Sloth Eriksen has on 31 January 2025 bought 290,000 shares at a price of DKK 0.429 per share.

The notification is attached to this announcement.

For further information, please contact:
Per Anders Nyman, Head of Investor Relations
Mobile: +45 2566 6869
E-mail: pny@asetek.com

About Asetek

Asetek (ASTK), a global leader in mechatronic innovation, is a Danish garage-to-stock-exchange success story. Founded in 2000, Asetek established its innovative position as the leading OEM developer and producer of the all-in-one liquid cooler for all major PC & Enthusiast gaming brands. In 2021, Asetek introduced its line of products for next level immersive SimSports gaming experiences. Asetek is headquartered in Denmark and has operations in China and Taiwan.
www.asetek.com

This information was brought to you by Cision http://news.cision.com.

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ACRONAME LAUNCHES USB3.2 SWITCH EXTENSION SOLUTION WITH ADVANCED POWER DELIVERY

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BOULDER, Colo., Feb. 3, 2025 /PRNewswire/ — Acroname, a Valens Semiconductor company, today announced that it has launched a new product, the USBExt3c, a 3-port switchable hub with dedicated point-to-point USB3 and USB2 extension, combined with advanced PoE and USB-C power delivery. The product allows AV installers and OEM product manufacturers to control, manage and extend USB devices, streamlining product deployment for industries such as machine vision, corporate, and education.

Leveraging both Valens’ HDBaseT and Acroname’s BrainStem technologies, the USB3Ext3c addresses the challenge of power delivery and negotiation in USB-extended systems. It allows users to manage an array of USB-based peripheral devices, extending past the short cable limitations of USB2 and USB3, without worrying about power negotiation. This is a significant benefit specifically for high-bandwidth devices, such as high-end cameras, storage devices, and devices requiring high-power charging (e.g., laptops).

The new product is based on Acroname’s system automation control platform, BrainStem, which provides highly modular and scalable hardware and software tools, including tools for management of USB and USB-PD, used in OEM applications around the world. The product also leverages the Valens VS6320 chipset, the first ASIC-based high-performance extension solution for USB3.2.

“This product launch represents a significant step forward in making USB a professional-grade technology,” said Justin Gregg, CEO of Acroname. “It enables our customers to achieve unprecedented reliability in their USB connections for robust and flexible system design.”

“This exciting product is the result of significant synergies between our two companies and is precisely what we envisioned when we acquired Acroname,” said Gili Friedman, Head of the Cross-Industry Business Unit at Valens Semiconductor. “By combining the robust HDBaseT standard with Acroname’s BrainStem technology, Acroname is delivering cutting-edge solutions that push the boundaries of USB extension and power delivery.”

The USBExt3c will be officially unveiled at Integrated Systems Europe (ISE) 2025 from Feb 4, 2025Feb 7, 2025, and will be on display at the HDBaseT Alliance booth #2M500. In addition, Acroname will also be demonstrating other robust USB solutions that maximize system visibility, which are compatible with AVI-SPL’s Symphony platform and Sennheiser’s TeamConnect Bar products.

See the product page for photos and more information.

Contact Lance Davies for more information or interviews: lance@acroname.com

About Valens Semiconductor

Valens Semiconductor (NYSE: VLN) is a leader in high-performance connectivity, enabling customers to transform the digital experiences of people worldwide. Valens’ chipsets are integrated into countless devices from leading customers, powering state-of-the-art audio-video installations, next-generation videoconferencing, and enabling the evolution of ADAS and autonomous driving. Pushing the boundaries of connectivity, Valens sets the standard everywhere it operates, and its technology forms the basis for the leading industry standards such as HDBaseT® and MIPI A-PHY.

For more information, visit https://www.valens.com/.

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