The firm estimates that the North American digital fine art market was valued at US$290m in 2003. This market is expected to experience a CAGR (compound annual growth rate) of 20 per cent to reach a retail value of nearly US$600m by 2007. Improvements in inkjet printing technology have enabled this recent growth.

In a new CAP Ventures research report entitled Large Format Digital Fine Art Market Study, analysts examine the use of large format digital printers for producing digital fine art. The research for the report was conducted in 2003 via Web-based surveys. Nearly 200 respondents from a variety of end-user segments completed the surveys. The research focuses on gathering information to size the market in North America, providing details on the usage and longevity requirements for large format fine art prints, determining production trends, and establishing leading brands of hardware and supplies.

For printer vendors, this research shows that digital fine art printers are satisfied with the tools that are currently available. Manufacturers’ revenue is expected to nearly double between 2003 and 2007, increasing from US$60m to US$105m.

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