Dallas, Texas, Oct. 10, 2022 (GLOBE NEWSWIRE) -- The expansion of the global video editing software market for video editing software is being fueled by the increase in the adoption of online editing software by both groups and individuals. As video editing software has been made user-friendly by its creators, the global video editing software market is also growing as a result of non-professional end users. The ability to edit videos is a tool for professionals. The growth of post-production and editing of new videos in digital file formats is also aided by it. The delivery of high-quality video and audio projects to the intended audience is made possible by all audio and video processing technologies. The size of the global video editing software market was estimated at USD 1956 million and is expected to grow to USD 3247 million by 2030, with a CAGR of 5.8% over the forecast period.
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The expansion of creative video content has been fueled by a combination of social media influencers' increased popularity, the rise of professional video bloggers, and a noticeable increase in the number of online buyers of video content. It is projected that increased use of the program would result from the expanding need for special effects in the entertainment industry. There has been a significant increase in the production and consumption of digital material as a result of growing smartphone adoption, more access to high-speed internet, and growing social media use. Utilizing editing tools to make their channels appealing is a common practice among digital marketers and influencers on numerous social media networks. Future predictions for digital marketing include video playing a significant role. Software for editing video is advancing as a result. Such software is being used by an increasing number of online business owners, YouTubers, and social media influencers to enhance the creativity and appeal of their online video output.
Report coverage & details:
| Report Coverage | Details |
| Base Year | 2022 |
| Historical Data | 2020-2021 |
| Market Size in 2030 | USD 3247 million |
| CAGR | CAGR of 5.8% during 2021-2030 |
| Segment Covered | Tour, Age Group, Travel Type, Regions |
| Types | On-Premise, Cloud-Based |
| Applications | Commercial, Personal & Others |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
A user of a video editing program can change and edit video clips, convert file formats, edit clips, add sound, add sound effects, trim videos, and adjust colors using a variety of tools. The global video editing software market is one of the fastest-growing in the world since it aids in the post-production and editing of new videos in digital format. These programs are frequently used for personal use by beginners as well as by pros to edit videos for short films, television shows, and advertisements. To assist newcomers with the fundamentals of video editing, there are numerous programs available online.
New business owners and home users that utilize video editing solutions are becoming more and more familiar with both on-premises and cloud-based video editing tools. The cost-effectiveness of the cloud market and the growing use of social media platforms are credited with its growth. Additionally, the firms creating video editing software are putting a lot of effort into creating a high-level security patch to reduce the chance of a cyber-attack. Depending on the format and the kind of video that will be produced, there are many different deployment options.
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The North American region is likely to account for the maximum market share. By combining technical developments in the product portfolio, the participation of important players like Microsoft and Google will accelerate market growth. The video editing software market expansion across the region would be expanded by increased spending by businesses on research and development.
Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Video Editing Software Overview Market, By Application
Chapter 5. Video Editing Software Market Overview, By Types
Chapter 6. Video Editing Software Market Overview, By Region
Chapter 7. Company Profiles
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