The audio and video editing software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Audio And Video Editing Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The audio and video editing software market size has grown rapidly in recent years. It will grow from $3.11 billion in 2023 to $3.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to multimedia explosion and internet growth, consumerization of content creation, rise of digital media and entertainment industries.
The audio and video editing software market size is expected to see strong growth in the next few years. It will grow to $4.60 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing demand for user-friendly interfaces, rise of remote and collaborative workflows, integration of artificial intelligence (AI) and automation, growing importance of mobile editing, expansion of virtual and augmented reality (VR/AR) content. Major trends in the forecast period include AI and machine learning integration, cloud-based editing platform, immersive and spatial audio edition, increased integration of collaboration tool, mobile editing capabilities.
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Scope Of Audio And Video Editing Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Audio And Video Editing Software Market Overview
Market Drivers –
The increasing social media usage is expected to propel the growth of the audio and video editing software market going forward. The widespread availability of smartphones and affordable internet plans has made social media more accessible. Audio and video editing software enhances social media content by allowing creators to refine and tailor the multimedia messages for impactful, engaging, and professional presentations. For instance, in February 2023, according to Avocado Social, a UK-based social media marketing consultancy, social media users increased by 424 million in 2022, representing a growth rate of over 10%, reaching a total of 4.6 billion worldwide in 2021. Therefore, increasing social media usage is driving the growth of the audio and video editing software market.
Market Trends –
Major companies operating in the audio and video editing software market are focused on developing innovative solutions such as video editing software to increase their profitability in the market. This software uses machine learning algorithms and AI technologies to automate, enhance, and streamline editing processes, including tasks such as noise reduction, content analysis, and effect application. For instance, in January 2024, Wondershare Technology Group Co. Ltd., a China-based software company, launched filmora 13.1.0. The software advances video editing capabilities with AI-enhanced audio features, including an expanded AI music generation library, more natural text-to-speech voices, and richer customization. It introduces 30+ new natural tones and atmospheric sound adjustments, allowing for more realistic voiceovers.
The audio and video editing software market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Professional Users, Non-Professional Users
4) By End-User: Live Broadcasting, Media And Entertainment
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Regional Insights –
North America was the largest region in the audio and video editing software market in 2023. The regions covered in the audio and video editing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Apple Inc., Microsoft Corporation, Sony Corporation, Adobe Inc., Autodesk Inc., Zynga Inc., Grass Valley LLC, Nemetschek Group, Avid Technology Inc., Blackmagic Design Pty Ltd., Acronis International GmbH, Wondershare Technology Group Co. Ltd., Corel Corporation – Alludo, MAGIX Software GmbH, TechSmith Corporation, Movavi Software Limited, CyberLink Corporation, Steinberg Media Technologies GmbH, Animoto Inc., Sonic FoundryInc., iZotope Inc., Topaz Labs, Nero AG, BandLab Technologies, Boris FX Inc.
Table of Contents
1. Executive Summary
2. Audio And Video Editing Software Market Characteristics
3. Audio And Video Editing Software Market Trends And Strategies
4. Audio And Video Editing Software Market – Macro Economic Scenario
5. Global Audio And Video Editing Software Market Size and Growth
….
32. Global Audio And Video Editing Software Market Competitive Benchmarking
33. Global Audio And Video Editing Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Audio And Video Editing Software Market
35. Audio And Video Editing Software Market Future Outlook and Potential Analysis
36. Appendix
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