A new study from InfoTrends Research Group projects that worldwide unit sales of consumer digital cameras will reach nearly 53 million in 2004. Furthermore, digital camera sales are expected to experience a CAGR (compound annual growth rate) of 15% over the next four years, reaching 82 million units in 2008. In 2004, worldwide unit sales of consumer digital cameras are expected to surpass unit sales of worldwide film cameras. "Digital cameras are becoming an essential communications device for consumers," says Michelle Slaughter, Director of Digital Photography Trends. "Consumers are becoming accustomed to the immediacy of digital photography and are integrating digital photos into their daily communications with friends and for work."
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