Audio and Video Editing Software Market Size & Forecast to 2028

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Audio and Video Editing Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component [Software (Audio Editing Software and Video Editing Software) and Services], Deployment (On premise and Cloud), and End User (Personal and Commercial)

Publication Month: Aug 2022 | Report Code: TIPRE00007324 | No. of Pages: 208 | Category: Technology, Media and Telecommunications | Status: Published

The audio and video editing software market is projected to grow from US$ 3,223.12 million in 2022 to US$ 4,562.65 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Audio editing software is used to edit and generate audio files. Audio editors and engineers use this software to mix and delete audio sections, edit and rearrange audio, and record and generate new audio components. Audio editing programs also offer various effects for the manipulation of the sound of audio files in different ways. Audio editing software mostly complies with different file types, including MP3s, WAVE, Windows Media, and MPEG-4. The software is mostly used by audio engineers and music producers, such as mixers, editors, and sound designers, to produce songs, films, and television shows. This edited audio is often used with video editing software and the video production team. Also, musicians, who are audio editing beginners, use the free audio editing software solutions for audio editing.

Video editing software is a software program that helps edit, modify, generate, and manipulate a video or movie. Using video editing software, the user can remove the sections, cut and arrange the video to give it a better flow, and add effects to enhance their video. In addition, professional video editing software is also used by professionals to add advanced visual effects, enhancing output and improving emotional impact.

It is also seen that the trend of free audio and video editing software is rising in the market. An unprecedented migration toward work-from-home mandates is raising the demand for audio and video editing software market. Audio and video editing software market players are increasing the availability of free tools to provide hands-on software experience to the users, leading to a rise in conversions. Additionally, it is also seen that there is a huge rise in the number of YouTubers, social media influencers, and online entrepreneurs. These users use editing software to upload their videos, which is the major factor driving the audio and video editing software market growth during the forecast period.

Strategic Insights

Report Coverage - Audio and Video Editing Software Market
Report CoverageDetails
Market Size Value inUS$ 3,223.12 Million in 2022
Market Size Value byUS$ 4,562.65 Million by 2028
Growth rateCAGR of 6.0% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages208
No. of Tables110
No. of Charts & Figures88
Historical data availableYes
Segments coveredComponent, Deployment, and End User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Asia Pacific Audio and Video Editing Software Market

Due to social distancing measures, supply chain interruptions, and limited mobility of products and services, the COVID-19 pandemic hampered the deployment of audio and video editing software and services for a short period in the Asia Pacific. However, it pushed the demand for video streaming services, on the other hand.

Furthermore, during the pandemic, the number of startups in the region grew gradually. According to a report by Orios Venture Partners, Indian startups raised US$ 42 billion in 2021, up from US$ 11.5 billion in 2020. Studies claim that India witnessed the emergence of 46 unicorns in 2021 alone, with the total number of unicorns surpassing 90. The growing startup culture across the region is creating new opportunities for vendors in the audio and video editing software market, as not all companies and startups have the budget to hire a professional audio and video editing company for their marketing/promotional activities. Hence, COVID-19 positively influenced the Asia Pacific audio and video editing software market.

Lucrative Regions for Audio and Video Editing Software Market

Lucrative Regions for Audio and Video Editing Software Market

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Market Insights – Audio and Video Editing Software Market

Rising Demand for Animated Content in Education Sector

The growing need for animated content in education and academia is boosting the audio and video editing software market. As a result, the growing use of audio and video editing software in e-learning platforms to enable visual representation for learning is propelling the audio and video editing software market growth. The trend of remote schooling, resulting from the effects of the COVID-19 pandemic, is also increasing the deployment of animations to improve student comprehension, fuelling the expansion of video editing software among educational content creation companies.

As online learning platforms, such as Coursera, edX, and Udemy, become more popular, motion graphic content and animated movies are being used, pushing solid industry expansion. Using animated content in e-learning to accurately teach a topic in applications, such as medical training, catalyzes business growth. Learning and teaching may become faster and more fun with 3D animation. The basic purpose of animated content is to make learning more task-oriented and practical, reducing the time and effort students must engage in it. Thus, the rising demand for animated content in education is expected to drive the demand for audio and video editing software during the forecast period.

Component-based Market Insights

Based on component, the audio and video editing software market is bifurcated into software and services. The software segment accounted for a larger market share in 2021. Audio and video editing software allows users to edit audio and video using a computer or smartphone. The video editing software solution is used to edit video content, including television programming, commercials, and films.

In addition, professionals use this solution for broadcasting news, sports, reality television, and cinema; they gather, access, edit, and complete stories whenever and from wherever using cloud-based solutions. For instance, Adobe’s Adobe Premiere Pro video editing software helps create social clips to feature films with the leading video editor. Similarly, the audio editing software solution is used for audio production, which includes music and sound creation, recording, editing, signal processing, integrated surround mixing, and mastering reference video playback. The software segment is further sub-segmented into audio editing software and video editing software.

Players operating in the audio and video editing software market are mainly focused on developing advanced and efficient products.

  • In 2022, CyberLink launched PowerDVD 22, the updated version of its award-winning movie and media playback software that allows consumers to have an immersive experience with movies, music, and YouTube.
  • In 2021, TechSmith Corporation partnered with Panopto, a leading provider of video management systems for higher education and large enterprises.

Some of key players profiled in the audio and video editing software market are Adobe; Apple Inc.; Avid Technology, Inc.; Lightworks; Movavi Software Limited; Steinberg Media Technologies GmbH; ABLETON; Animoto Inc.; Autodesk Inc.; JW PLAYER; MAGIX; NATIVE INSTRUMENTS; SERATO; Sony Corporation; SPLICE; TECHSMITH; THE PIXEL FARM; TRACKLIB; Wondershare Technology Co., Ltd.; and Output Inc.

Frequently Asked Questions

The global audio and video editing software market was estimated to be US$ 4,562.65 Mn million in 2021 and is expected to grow at a CAGR of 6.0% during the forecast period 2022 - 2028.
The rising adoption of visual effects (VFX) in entertainment industry coupled with surge in demand due to popularity of online video content across social media platforms is anticipated to drive the market over the forecast period.
The proliferation of IoT and AI technologies is anticipated to play a significant role in the future in conducting audio and video editing software in the coming years.
The key players, holding majority shares, in audio and video editing software market includes Apple Inc.; Adobe Inc.; TechSmith Corporation; Avid Technology; and Sony Group Corporation.
APAC is anticipated to grow with the highest CAGR over the forecast period.
The country anticipated to grow with the highest CAGR are the US, France, India, South Africa and Brazil.
The on-premises segment led the audio and video editing software market with a significant share in 2021.
The audio and video editing software market is expected to reach US$ 4,562.65 Mn by 2028.
The incremental growth, expected to be recorded for the audio and video editing software market during the forecast period, is US$ 1,472.41 million.

The List of Companies - Audio and Video Editing Software Market

  1. ABLETON
  2. Adobe
  3. Animoto Inc.
  4. Apple Inc.
  5. Autodesk Inc.
  6. Avid Technology, Inc.
  7. JW PLAYER
  8. Lightworks
  9. MAGIX
  10. Movavi Software Limited
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global audio and video editing software market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global audio and video editing software market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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