Researcher: Popular Video Editing Software Market to top $3BN in 2028

Video Editing Software Market size: USD 2.04 Billion in 2020, CAGR (Compound Annual Growth Rate) of 5.6%
Increasing investments to launch more enhanced & user-friendly video editing software

Sourced via: NEW YORK, NY, UNITED STATES, December 30, 2021 /EINPresswire.com/

Technological developments, robust growth in the media and film industry, and availability of wide range of video editing tools are key factors fuelling global market growth according to researchers at Reports And Data who have released a new report detailing the changes coming and what’s driving the growth in the video editing industry.

Video Editing Software Market

The global Video Editing Software Market size is expected to reach USD 3.15 billion in 2028 and register a steady CAGR of 5.6%, according to the latest report by Reports and Data. Key factors such as increasing adoption of Over The Top (OTT) platforms, increasing number of YouTubers and social media influencers, and rising adoption of cloud-based video editing software are driving global market revenue growth, says the report.

About Video Editing Software

Video editing software enables the user to modify & edit video, convert file formats, create clips, crop frames, dissolve colour, add & remove audio, soundtracks and create effects using colour, text and transitions.

The researchers commented:

Video editing software helps in the process of post-production and editing new videos in digital format and is one of the fasting growing markets across the globe. These software are widely used by professionals for editing commercials and promotional videos, videos for short films or television programs as well by beginners for personal use.
Several video editing programs for available online to help beginners with the basis of video editing.
In addition, there has been a sudden increase in the usage of video editing applications by social media handlers, YouTubers, and influencers to enhance the quality of their videos. Rapid growth in the media and entertainment sector, increasing demand for high-speed internet, rising adoption of video on demand, increasing production of video content on social media and OTT platforms, rising collaborations among brands and social media influencers are factors boosting global market growth.
However, factors such as increasing incidence of software piracy and availability of various free versions and open-source software are expected to hamper growth of the video editing software market going ahead.
Major players operating in the video editing software market are Autodesk, Inc., Adobe, Inc., CyberLink Corporation, Corel Corporation, Apple, Inc., Avid Technology, Inc., TechSmith Corporation, Magix Software GmbH, ArcSoft, Inc., and Wondershare Technology Group Co., Ltd.
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Some key highlights in the report:

To identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/video-editing-software-market

For this study, Reports and Data has segmented the video editing software market based on type, application, and region:

Type Outlook (Revenue, USD Billion, 2018 – 2028)

• On-premise
• Cloud-based

Application Outlook (Revenue, USD Billion, 2018 – 2028)

• Commercial
• Personal
• Others

Regional Outlook (Revenue, USD Billion; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key Advantages of the Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Video Editing Software industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.