The Video Editing Software Market size was valued at USD 2.4 billion in 2023 and is expected to grow to USD 3.89 billion by 2031 and grow at a CAGR of 6% over the forecast period of 2024-2031.
In the past few years, video editing software has become extremely popular. The needs are met by a variety of software types. By focusing on a wide range of features, some have been able to remain at the top, while others have created a unique niche in the trade market.
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Key Drivers:
A surge in demand for good quality video content has been generated by the rise of digital media platforms, such as YouTube and Vimeo. Consumers are now accustomed to streaming HD content, and expect it to be of an appropriate quality. In order to meet the expectations of viewers, this has led to an increased demand for video editing software capable of producing professional quality video content. In recent years, there has been a huge increase in the use of online video streaming services for convenience and access to an extensive range of content as consumers have shifted from traditional television. This has led to an increase in demand for video editing software, making it easier for businesses to profit from the increasing demand for streamed media content. Quickly and efficiently, the software is capable of creating professional quality video.
Restraints:
The availability of free video editing software with new and improved features is a major factor that slows down growth in the market for video editing. The best free video editing applications that you can use are VideoPad, Open Shot, Blender and Shotcut. Users, especially different content creators, are shifting to free editing tools, which decreases market revenue growth. Newbies who don't know or have any experience with this type of software.
Opportunities:
In the production of movies and television shows, editing software is typically used by producers and video editors while overOTT allows users to download a wide range of online videos. These services have become more and more popular as they evolve from niche entertainment options to the leading means of watching television, circumventing cable or satellite connections in order for viewers to be able to stream.
• Social media platforms are becoming increasingly dependent on tools for video editing.
Challenges:
A further impediment to growth in the global video editing software market is a scarcity of skilled personnel. A certain level of professional knowledge is needed to be effective in using video editing software, which is not easily accessible on the market. Consequently, the use of video editing software by businesses is not properly exploited, leading to slower growth in the market.
The COVID-19 outbreak has led to problems for service material manufacturers, including instability of the markets, a reduction in customer confidence and difficulties related to imports and exports. All parts of the global supply chain are raw material sourcing, packaging and distribution. As a result of the lockdowns, it's been difficult to move commodities, labels and other things. Besides having a direct effect on the markets, supply chain, demand and all those other things. As a result of the lockdowns, it's become hard to move commodities, labels and other items. Besides having an immediate effect on markets, supply chains, demand and all of these other factors, it also had a financial impact on the market for services. Several IT companies have been affected by the pandemic. Due to the sudden pandemic that resulted in a decrease of sales on the market, the entertainment and education sector was completely shut down. This has changed the dynamics of this sector, making it imperative for organisations to rethink every aspect of their operating framework in order to maintain stability through disturbances. In addition, the outbreak has had a negative impact on business operations of these companies and thus affects the entire services sector. This affected the entire sector in some way. Demand for audio and video editing software has increased due to an unprecedented move towards work from home mandates. The availability of free tools to allow users to gain hands on experience with the software and increase conversion rates is increasing in the audio and video editing software market, by vendors.
In July, global IT spending would increase by 3% to $4.5 trillion over the next decade. The market is still strong, even though the pace of growth has been slowing. Hardware expenditure decreased by 5%, whereas software and information technology services saw an increase of 9.6% and 6%.
Although specific information on the impact of the crisis on the video editing software market is scarce, the Russia Ukraine crisis has had a wide impact, including on the technology sector. The conflict has led to increased defense spending by countries closest to the crisis and a notable rise in cyberattacks by Russian government-backed attackers against Ukraine and NATO countries. By increasing the demand for cybersecurity measures in software applications and services, this would have an indirect effect on the video editing software market. In addition, this has had a significant impact on the Russian technology sector, including areas such as artificial intelligence. Sanctions imposed by the US and other countries, particularly on high-tech exports to Russia, have hit the Russian technology sector hard. In Russia's technology sector, including areas that might overlap with video editing software, such as AI enabled technologies, technological divorce" could slow down domestic development. By affecting the availability of advanced features that rely on AI and disrupt other cutting-edge technologies, potentially slowing innovation or affecting the supply of certain software components, this broader technology sector could have an impact on the video editing software market.
By Type
On-Premise
Cloud-Based
By Application
Commercial
Personal
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More than 35.1% of the global market for video editing software is expected to be dominated by North America during 2023. This is due to the substantial presence of major video editing software companies, such as Adobe and Apple, in this region. In addition, the market for video editing software is growing rapidly in this area because of a strong need for video content.
In 2023, Europe will become the world's second largest market for video editing software, accounting for more than a quarter of the global market. Two of the largest video editing software companies in the region are Avid Technology and Corel Corporation. In addition, the market for video editing software is growing in this area because of an overwhelming need for video content.
Asia Pacific is the fastest growing market for video editing software, with a compound annual growth rate of more than 10.1% over the projection period. The growing popularity of social media, the increasing need for video content from businesses and organizations as well as increased adoption of cloud-based video editing software are driving market expansion in this part of the world.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.4 billion |
| Market Size by 2031 | US$ 3.89 Bn |
| CAGR | CAGR of % From 2023 to 2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (On-Premise and Cloud-Based) • by Application (Commercial and Personal) |
| Regional Analysis/Coverage | 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) |
| Company Profiles | 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. |
| Key Drivers | • The adoption of online clouding editing tools by organizations or individuals is on the rise. • Access is also accessible via a variety of devices. |
| Market Opportunities | • 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 2.4 Billion in 2023.
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Video Editing Software Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 On-Premise
9.4 Cloud-Based
10. Video Editing Software Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Commercial
10.4 Personal
11. Regional Analysis
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Poland
11.3.1.2 Romania
11.3.1.3 Hungary
11.3.1.4 Turkey
11.3.1.5 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.1 Germany
11.3.2.2 France
11.3.2.3 UK
11.3.2.4 Italy
11.3.2.5 Spain
11.3.2.6 Netherlands
11.3.2.7 Switzerland
11.3.2.8 Austria
11.3.2.9 Rest of Western Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Vietnam
11.4.6 Singapore
11.4.7 Australia
11.4.8 Rest of Asia Pacific
11.5 The Middle East & Africa
11.5.1 Middle East
11.5.1.1 UAE
11.5.1.2 Egypt
11.5.1.3 Saudi Arabia
11.5.1.4 Qatar
11.5.1.5 Rest of the Middle East
11.5.2 Africa
11.5.2.1 Nigeria
11.5.2.2 South Africa
11.5.2.3 Rest of Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Colombia
11.6.4 Rest of Latin America
12. Company Profiles
12.1 Autodesk, Inc.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Adobe, Inc.
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 CyberLink Corporation
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Corel Corporation
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Apple, Inc.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Avid Technology, Inc.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 TechSmith Corporation
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Magix Software GmbH
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 ArcSoft, Inc.
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Wondershare Technology Group Co., Ltd.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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