Report : Photo Editing Software Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Type (Entry Level, Prosumer Level, and Professional Level); End User (Individual and Commercial); Platform (macOS, Windows, Android, and iOS); and Geography
Use of photo editing software for commercial projectsis anticipated todrive themarketat CAGR of 6.4%during 2020–2027
According to our latest market research study on “Photo Editing Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis- by Type (Entry Level, Prosumer Level, and Professional Level), End User (Individual and Commercial), Platform (macOS, Windows, Android, and iOS), and Geography,” the market was valued at US$ 773.3 millionin 2019 and is projected to reach US$ 1,267.7 billionby 2027; it is expected to grow at a CAGR of 6.4% from 2020 to 2027.The report highlights the key factors driving the market growth, and prominent players and their developmentsin the market.
Broad communities of users take advantage of photo editing apps for commercial projects. Considering the fact that images play a vital part in business, majorly in the marketing world, the use of photo editing software is essential.Companies are conducting their business online with the help of paid ads and social media posts. The rising demand for graphic content for marketing campaigns is contributing heavily towards the use of photo editing software. In context to its consumers, visual users, photographers, artists, and other professionals make use of various photo editing software such as Adobe, PicMonkey, Adobe Photoshop, and GIMP.Additionally, broad array of SMEs and large enterprises, company professionals, and individuals are using photo editing software.The global commercial segment is expected to reach US$ 609.1 million by 2022, which is expected to create a significant global demand for photo editing.
ACD Systems International Inc.; Adobe; Corel Corporation; CyberLink Corp; DXO; Inmagine Group; ON1; Phase One A/S; Serif (Europe) Ltd.; and Skylumare among the leading players operating in the photo editing software market.
COVID-19 Impact on Photo Editing SoftwareMarket
According to the World Health Organization (WHO) report, the US, Brazil, India, and Russia are some of the worst affected countries due to the COVID-19 outbreak. The COVID-19 crisis is anticipated to have a positive impact on the marketin 2020. Photography and photo editing industry has been flourishing at an impressive pace in the countries due to its high adoption among commercial and individual endusers. With a large number of companies continuing to adopt remote working and increasing demand for online work flow, the need for advanced photo editing tools has increased among endusers in the past few months.
The Report Segments the Global Photo Editing Software Market as Follows:
By End User