"Professional photographers in Australia have weathered the twin storms of a declining industry and an economy-wide slowdown, and IBISWorld figures reveal 2011 will not be any better.
“Nearly half of the industry’s revenue is derived from wedding photography and competition is intense with more than 9000 professionals competing for a share of the nuptial pie," Mr Bryant says.
Lower costs have forced prices down and professional photographers are feeling the impact of the growing popularity of digital SLR cameras which make it easier for amateur enthusiasts to take professional quality pictures,” he says.
IBISWorld estimates a decline of 1.2 per cent ($10.25 million) for this sector in 2011."
Not too good eh.