Global Audio and Video Editing Software Business Analysis Report 2023: Demand for Rich Media Content & Special Effects Drives Necessary Adoption

News provided by

Nov 23, 2023, 10:30 ET

DUBLIN, Nov. 23, 2023 /PRNewswire/ -- The "Audio and Video Editing Software - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Audio and Video Editing Software Market to Reach $6.5 Billion by 2030

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. Growth in the Services segment is estimated at 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.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

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 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

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

FOCUS ON SELECT PLAYERS (Total 47 Featured)

Microsoft Corporation
Sony Corporation
Adobe Inc.
Autodesk, Inc.
Corel Corporation
NewTek, Inc.
Kaltura, Inc.
ArcSoft, Inc.
MAGIX Software GmbH
Avid Technology, Inc.
Blackmagic Design Pty., Ltd.
EVS Broadcast Equipment SA
PreSonus Audio Electronics, Inc.
Steinberg Media Technologies GmbH
Blender.org

For more information about this report visit https://www.researchandmarkets.com/r/mxh48q

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets