Global Audio and Video Editing Software Strategic Business Report 2023: Rise in Online Video Consumption to Drive Demand for Editing Software for Creation of Video Content


Dublin, May 10, 2023 (GLOBE NEWSWIRE) -- The "Audio and Video Editing Software: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Audio and Video Editing Software estimated at US$3.5 Billion in the year 2022, is projected to reach a revised size of US$6.5 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$4.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 8.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 9.9% CAGR

The Audio and Video Editing Software market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$649.6 Million by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.

Select Competitors (Total 47 Featured) -

  • Acon AS
  • Adobe, Inc.
  • Animoto Inc.
  • Apple, Inc.
  • ArcSoft, Inc.
  • Autodesk, Inc.
  • Avid Technology, Inc.
  • Corel Corporation
  • CyberLink Corp
  • HairerSoft
  • iZotope, Inc.
  • MAGIX Software GmbH
  • Microsoft Corp
  • NCH Software, Inc.
  • PreSonus Audio Electronics, Inc
  • Sony Corporation
  • Steinberg Media Technologies GmbH
  • TechSmith Corporation
  • Wondershare technology Group Co., Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages456
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$3.5 Billion
Forecasted Market Value (USD) by 2030$6.5 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Advertising, Media & Entertainment Industry Comes Under Pressure Amidst the Pandemic
  • An Introduction to Audio and Video Editing Software
  • Video Editing Software
  • Audio Editing Software
  • Global Market Prospects & Outlook
  • On-Premise Software Tools Lead, Cloud Hosted Solutions Continue to Gain Popularity
  • Developing Economies to Spearhead Long-Term Growth
  • Competition
  • Comparison of Select Video Editing Software
  • Select Popular Audio Editors
  • A Review of Select Cloud Video Editing Tools
  • Recent Market Activity
  • Audio and Video Editing Software - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Myriad Benefits of Audio and Video Editing Software Tools Propel Adoption
  • Growing Demand for Rich Media Content & Special Effects Drives Adoption of Editing Tools in Media & Entertainment Industry
  • COVID-19 Impact on Media & Production Houses Significantly Impacts Market Growth
  • Global Advertising, Media & Broadcasting Market: Growth Outlook (In %) for Years 2019 Through 2025
  • Post Production Work is Carried Out Remotely Now: A Pandemic Infused Trend
  • Rapid Growth of Streaming Media and OTT Platforms: A Major Opportunity for Audio & Video Editing Software Market
  • Global OTT (Over-The-Top) Market Size (in $ Billion) for the Years 2019, 2022 and 2025
  • Rise in Online Video Consumption to Drive Demand for Editing Software for Creation of Video Content
  • Average Time Spent Per Day (in Minutes) in the US for 2015-2019
  • Video's Emergence as the Future of Digital Marketing Drives Demand for Audio & Video Editing Software
  • Global Digital Marketing Expenditure (in US$ Billion) for 2018, 2021 & 2024
  • Breakdown of Global Digital Marketing Expenditure (in %) by End-Use Sector: 2021E
  • Global Digital Video Advertising Spending (in $ Billion) for the Years 2020, 2022 and 2025
  • % of Companies Using Video Content as Marketing Tool for 2016-2020
  • Mobile Apps Emerge as a New Revenue Stream for Audio & Video Editing Software Vendors
  • Proliferation of Mobile Devices and Rising Use of Editing Software in Mobile Devices Bodes Well for the Market
  • Smartphone Penetration Rate as Share of Total Population: 2016-2020
  • A Glance at Select Popular Mobile Video Editing Apps
  • Video Editing Software Market: Poised for Growth
  • Audio Editing Software Market: An Overview
  • Growing Role of AI in Fostering Digital Transformation in Video Editing
  • Key Benefits of AI-Based Video Editing Tools
  • AI-Powered Video Editors Assist Entrepreneurs in Creating Effective Vlogs
  • A Review of Select AI-Based Video Editing Tools
  • Deepfakes: A Potential Disadvantage of Using AI Technology for Video Editing
  • Vendors Focus on Small Businesses to Expand Market Opportunities
  • Non-Professional End-Users Drive Adoption of Video Editing Software
  • Video Editing in the Cloud: Promising Growth in Store
  • AR and VR-based Video Content to Broaden Opportunities for Video Editing Software Tools
  • Growing Use of Open-Source and Free Editing Software: A Key Challenge

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/o50fuc

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Global Market for Audio and Video Editing Software

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