Report Scope & Overview:
The Video Editing Software Market size was valued at USD 2.94 Bn in 2022 and is expected to reach USD 4.80 Bn by 2030, and grow at a CAGR of 6.3% over the forecast period 2023-2030.
Audio editing software alters the speed, duration, and loudness of audio, as well as creates extra versions such as loops. The technique of modifying video by rearranging multiple images and scenes to generate a completely new output is known as video editing. Convert file types, combine clips, re-sequence clips, trim clips, change or re-adjust brightness, add noises, crop and rotate footage, add a translation, and add additional special effects to a movie are all included in typical video editing software.
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Professionals can use video editing software to edit their footage. It also aids in the development of post-production and editing of new digitally recorded videos. Professionals may use any audio or video processing technology to deliver high-quality video and audio projects to their intended audience.
When compared to MacBooks and Windows PCs, Chromebooks offer greater battery life, security, and speed, but video editing has always been a shortcoming. That may soon change since Google recently showed a genuine video editor for Chrome OS, and Google says it plans to bring LumaFusion to Chromebooks in a "what's new in Chrome OS" video. Although this video editor is already well-known on iOS, Google claims to have collaborated extensively with the app's developer to offer a "strong multi-track video editing experience on Android tailored for wide displays" on Chrome OS.
The adoption of online clouding editing tools by organizations or individuals is on the rise.
The producers of video editing software have made the program user-friendly, resulting in increased use by non-professional end-users.
Access is also accessible via a variety of devices.
Customers in the entertainment, media, and sector make extensive use of video editing software.
Smartphone adoption is strong all around the world, which is a significant signal of rising demand.
IMPACT OF COVID-19:
COVID-19, the ongoing worldwide pandemic, continues to cause long-term damage in a number of important IT and technology industries. Several IT and other large technology organizations, for example, are predicting a decrease in the number of commercial contracts across a variety of industrial sectors, while others have seen little or no impact from the epidemic. For example, service industries including media & broadcast, entertainment, education, and a few others have seen cautious spending on advanced or new technology in order to improve company function. As a result of the disruption of media recording, the industry saw a drop in demand across entertainment, sports, advertising, and a few other verticals. As a result, the total market saw just a little drop in demand and is expected to quickly rebound now that economic activity has restarted in major economies.
New entrepreneurs and personal users that utilize video editing solutions are increasingly turning to cloud-based video editing software and on-premise video editing software. The cloud segment's rise can be due to its cost-effectiveness and the increased usage of social media platforms. Furthermore, video editing software developers are putting a lot of effort into creating a high-level security patch to reduce the chance of a cyber-attack. The deployment options vary greatly depending on the format and type of video to be produced.
Insight into the Application Market Videos has recently become a popular means of communication on the internet. Videos are utilized for a variety of purposes, from live online gaming to brief software lessons. For people who want to edit and combine videos, there is a lot of video editing software accessible. The rivalry among suppliers is fierce, especially when it comes to items that appeal to both pros and novices. The user's individual requirements are the most important aspect to consider when choosing video editing software, followed by price and functionality. The amount of acquaintance with the users, the target audience, and the sort of completed product required to establish the precise needs.
KEY MARKET SEGMENTS:
On The Basis of Type:
On The Basis of Application:
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The Global Video Editing Software Market is divided into four regions based on regional analysis: North America, Europe, Asia Pacific, and the Rest of the World. During the projection period, North America is predicted to have the biggest market share. The presence of major companies like Microsoft and Google will aid to drive market growth by incorporating technical improvements into product portfolios. Increased research and development expenditures by businesses would boost market growth across the area.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Autodesk, Inc., Adobe, Inc., CyberLink Corporation, Corel Corporation, Apple, Inc., Avid Technology, Inc., TechSmith Corporation, Magix Software GmbH, ArcSoft, Inc., Wondershare Technology Group Co., Ltd. & Other Players
TechSmith Corporation -Company Financial Analysis
|Market Size in 2022
|US$ 2.94 Bn
|Market Size by 2030
|US$ 4.80 Bn
|CAGR of 6.3% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• by Type (On-Premise and Cloud-Based)
• by Application (Commercial and Personal)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Autodesk, Inc., Adobe, Inc., CyberLink Corporation, Corel Corporation, Apple, Inc., Avid Technology, Inc., TechSmith Corporation, Magix Software GmbH, ArcSoft, Inc., Wondershare Technology Group Co., Ltd.
|• The adoption of online clouding editing tools by organizations or individuals is on the rise.
• Access is also accessible via a variety of devices.
|• Customers in the entertainment, media, and sector make extensive use of video editing software.
• Smartphone adoption is strong all around the world, which is a significant signal of rising demand.
Ans:- The Video Editing Software market size was valued at USD 2.94 Bn in 2022.
Ans:- The adoption of online clouding editing tools by organizations or individuals is on the rise and Access is also accessible via a variety of devices.
Ans:- During the projection period, North America is predicted to have the biggest market share.
Ans:- The primary growth tactics of Artificial Intelligence in Accounting market participants include merger and acquisition, business expansion, and product launch.
ANS:- The study includes a comprehensive analysis of worldwide Video Editing Software market trends, as well as present and future market forecasts as well as impact analysis for the projected period.
Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Video Editing Software Market Segmentation, by Type
9. Video Editing Software Market Segmentation, by Application
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Autodesk, Inc.
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Adobe, Inc.
11.3 CyberLink Corporation
11.4 Corel Corporation
11.5 Apple, Inc.
11.6 Avid Technology, Inc.
11.7 TechSmith Corporation
11.8 Magix Software GmbH
11.9 ArcSoft, Inc.
11.10 Wondershare Technology Group Co., Ltd.
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
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Step 2: Primary Research
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We at SNS Insider have divided Primary Research into 2 parts.
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