Middle East & Africa Video Editing Software Market Key Players and Forecast by 2027

The video editing software market in MEA is expected to grow from US$ 224.96 million in 2019 to US$ 365.71 million by 2027; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027.

Saudi Arabia, South Africa and UAE are major economies in MEA. Emergence of online video content at social media platforms boosting the requirement of video editing software thus driving the video editing software in MEA. The professional media production houses such as entertainment industries, media, broadcasting and educational institutes continue to be one of the biggest end-user of the video editing software solutions in MEA. Moreover, the significantly large end-user base is expected to continue to provide a stead market growth opportunities during the forecast period. In addition to this, the emergence of several regional cinema and online content for OTT platforms across various demographically divers countries in Asian and Africa are also witnessing a positive demand for video editing software for their growing audience and consequently drive the growth of the video editing software in emerging economies. Besides, the increasing trend of social media influencer and professional video bloggers and unusual rise in the number of online video content based sellers collectively have powered the growth of creative video content. As a result, creating a constant demand for enhanced and quality video content has helped to penetrate professional video editing solutions and software applications among the growing end-user base and thus anticipated to power the video editing software market in MEA. Numerous market players functioning in the market have commenced multiple smartphone specific software applications targeted for these fast-growing customer base with a customized dashboard for swift video editing solutions. Therefore, the rise in popularity of online video content based customer base such as content sellers, advertisers, influencers, and others proposed to provide many profitable growth possibilities for the market players in future. Thus the emergence of online video content at social media platforms is further expected to create a significant demand for video editing software in the coming years, which would ultimately drive the market in MEA.

Further, the ongoing COVID-19 is having terrible effect on MEA economy. In the MEA region, Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. The MEA region is expected to witness a significant impact of COIVD-19 in near future owing to heavy reliance on international vendors, and authorized sales representatives due to lack of prominent solution providers in the region. The region is projected to register a swift decline in their supply of video editing related applications due to disruption in movies and video developing related activities and operations across region. However in coming quarter the MEA region is expected to witness a limited impact of COIVD-19 during the coming few weeks owing to presence of international vendors, and authorized sales representatives of prominent solution providers in the region. The region is projected to register marginal decline in their purchasing spending for improved IT solutions for media management owing to disruption in business activities and operations.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA video editing software market. The MEA video editing software market is expected to grow at a good CAGR during the forecast period. 

MEA Video Editing Software Market

MEA Video Editing Software Market Segmentation

MEA Video Editing Software Market – By Type

• On-Premises
• Cloud-Based

MEA Video Editing Software Market – By Application

• Commercial
• Personal

MEA Video Editing Software Market, by Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

 
MEA Video Editing Software Market - Companies Mentioned

• Adobe Inc.
• Apple Inc.
• Autodesk Inc.
• Avid Technology, Inc.
• Lightricks Ltd.
•  Softo ltd.

Middle East & Africa Video Editing Software Report Scope