IDC predicts that digital camera shipments would fall in 2011

IDC predicts that digital camera shipments would fall in 2011

Market research firm IDC has predicted in their report that the demand for much in demand now digital cameras will slow over the next few years.

The report further claimed that the market would begin to shrink by the year 2011. IDC further reported that the global shipments of digital cameras rose 15 percent in 2006.

This growth is expected to slow down to 8 percent in 2007. Christopher Chute, an analyst at IDC added in a statement: “We predict a slowdown, driven by a complete saturation of all regions, creating negative growth in 2011.”

However, the manufacturers have some good news as the shipments for DSLR cameras which are aimed at enthusiasts and professionals would continue to remain strong.

The IDC report added that the digital SLR camera market is currently dominated by two players Canon and Nikon. These two companies alone control more than 80 percent of the world’s DSLR market.