Audio and Video Editing Software Market Share and Forecast by 2028

Historic Data: 2020-2021 | Base Year: 2022 | Forecast Period: 2023-2028

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)

Report Date : Aug 2022
Report Code : TIPRE00007324

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 208

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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.

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Audio and Video Editing Software Market: Strategic Insights

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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.

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.

Audio and Video Editing Software Market Regional Insights

The regional trends and factors influencing the Audio and Video Editing Software Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Audio and Video Editing Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

audio-and-video-editing-software-market-global-geography

Get the Regional Specific Data for Audio and Video Editing Software Market

Audio and Video Editing Software Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 3.22 Billion
Market Size by 2028	US$ 4.56 Billion
Global CAGR (2022 - 2028)	6.0%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Component Software Services By Deployment On premise and Cloud By End User Personal and Commercial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ABLETON Adobe Animoto Inc. Apple Inc. Autodesk Inc. Avid Technology, Inc. JW PLAYER Lightworks MAGIX

Audio and Video Editing Software Market Players Density: Understanding Its Impact on Business Dynamics

The Audio and Video Editing Software Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Audio and Video Editing Software Market are:

ABLETON
Adobe
Animoto Inc.
Apple Inc.
Autodesk Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

audio-and-video-editing-software-market-cagr

Get the Audio and Video Editing Software Market top key players overview

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

What will be the global market size for audio and video editing software market by 2028?

The audio and video editing software market is expected to reach US$ 4,562.65 Mn by 2028.

What is the incremental growth of the global audio and video editing software market during the forecast period?

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.

Which is the leading deployment segment in the global audio and video editing software market?

The on-premises segment led the audio and video editing software market with a significant share in 2021.

Which country is holding the major market share of global audio and video editing software market?

The US held the largest market share in 2021, followed by China.

Which is the fastest growing regional market?

APAC is anticipated to grow with the highest CAGR over the forecast period.

Which countries are registering a high growth rate during the forecast period?

The country anticipated to grow with the highest CAGR are the US, France, India, South Africa and Brazil.

Which are the key players holding the major market share of global audio and video editing software market?

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.

What are the future trends of the global audio and video editing software market?

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.

What are the driving factors impacting the global audio and video editing software market?

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.

What is the estimated global market size for the global audio and video editing software market in 2021?

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.

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Audio and Video Editing Software Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Audio and Video Editing Software Market Report Snapshots

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