South America Video Editing Software Market is expected to reach US$ 176.76 Mn by 2027

On-Premises Segment to Dominate SAM Video Editing Software Market during 2019–2027

According to The Insight Partners market research study on “SAM Video Editing Software Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 176.76 million by 2027 from US$ 129.27 million in 2019. The market is estimated to grow at a CAGR of 4.1% from 2020 to 2027. The report provides trends prevailing in the SAM video editing software market along with the drivers and restraints pertaining to the market growth. Multipurpose use of video editing software and its operational requirement is the major factor driving the growth of the SAM video editing software market. However, issues associated substantial number of free video editing software available hinders the growth of SAM video editing software market.  

The SAM video editing software market is segmented into type, application and country. Based on type, the SAM video editing software market is bifurcated into on-premises and cloud-based. On-premises held a larger market share in 2019. On basis of application the market is further segmented into commercial and personal. Commercial segment held a substantial market share throughout the forecast period.

Also the ongoing COVID-19 is pandemic is badly impacting the SAM region. The SAM region includes countries, such as Brazil, Argentina, and Ecuador. Brazil has the highest number of COVID-19 confirmed cases, followed by Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. This has a direct impact on the region’s economic growth as the region would face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners. Further the region also significantly constitutes of various island countries and small countries which accounted for consolidated reduction demand for video editing software. In order to mitigate the impact of COVID-19, various restrictions have been imposed in the several prominent countries in the SAM region, which is likely to restrain the growth of the video editing software market. The sharp decline in business activities are expected to directly affect the video editing software market's growth rate in the SAM region for the next three to four quarters.

Adobe Inc.; Apple Inc.; Autodesk Inc.; Avid Technology, Inc.; Vimeo, Inc. are among the leading companies in the SAM video editing software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Vimeo, Inc. launched Vimeo create. Vimeo create is a tool that makes a professional-quality video in minutes for every small business. Vimeo create is an easy and fast solution for every marketer and business owner to grow their business with video. Vimeo create is available across the web, iOS, and Android mobile apps.

The report segments the SAM Video Editing Software Market follows:

SAM Video Editing Software Market – By Type

• On-Premises
• Cloud-Based

SAM Video Editing Software Market – By Application

• Commercial
• Personal

SAM Video Editing Software Market – By Country

• Brazil
• Argentina
• Rest of SAM