Photo Editing Software Market Forecast and Growth 2031

Photo Editing Software Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Entry Level, Prosumer Level, and Professional Level); Platform (macOS, Windows, Android, and iOS); End User (Individual and Commercial); and Geography

  • Report Code : TIPRE00012075
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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The photo editing software market size is projected to reach US$ 448.06 million by 2031 from US$ 313.51 million in 2023. The market is expected to register a CAGR of 4.6% in 2023–2031. The presence of facial recognition technology empowered with artificial intelligence is likely to remain a key photo editing software market trend.

Photo Editing Software Market Analysis

The photo editing software market is growing at a rapid pace due to the growing number of internet and smartphone users and the growing demand for digital photographs among consumers. The market is expanding steadily, driven by the increasing need for high-definition quality images from individual and commercial uses. Moreover, the integration of augmented (AR) and virtual reality (VR) technologies in photo editing and the rising usage of computational algorithms in photo editing software are providing lucrative opportunities for market growth.   

Photo Editing Software Market Overview

Photo editing software is a digital photo application that allows users to crop, repair, and organize their photos as per requirement. The software can take scanned photographs of old film photography and convert them to digital images. These images are further digitally restored by removing defects and improving image quality. The demand for special effects in photos, including color, tints, image orientation, digital photographs, and layered editing, among others, is fueling the market throughout the forecast period.

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Photo Editing Software Market: Strategic Insights

Photo Editing Software Market

  • CAGR (2023 - 2031)
    4.6%
  • Market Size 2023
    US$ 313.51 Million
  • Market Size 2031
    US$ 448.06 Million

Market Dynamics

GROWTH DRIVERS
  • Growing Number of Internet and Smartphones Users
FUTURE TRENDS
  • The presence of facial recognition technology empowered with artificial intelligence
OPPORTUNITIES
  • Integration of Augmented (AR) and Virtual Reality (VR) Technologies in Photo Editing

Key Players

  • ACD Systems International Inc.
  • Adobe
  • CyberLink Corp
  • Core Corporation
  • DXO
  • INMAGINE GROUP
  • Phase One A/S
  • ON1
  • Serif (Europe) Ltd
  • Skylum

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Entry Level
  • Prosumer Level
  • Professional Level
Platform
  • macOS
  • Windows
  • Android
  • iOS
End User
  • Individual and Commercial
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Photo Editing Software Market Drivers and Opportunities

Growing Number of Internet and Smartphones Users is Driving the Market

A growing number of the internet increases the demand for smartphones among consumers across the globe is driving the market. The internet and smartphones are two of the primary factors fueling the market. The growing number of smartphone users is associated with social media influence, surging the demand need for photo editing software among consumers. Moreover, the rising popularity of smartphones encourages market vendors to develop photo editing software specifically designed for smartphones. Smartphone manufacturers are also integrating image editing functions directly into the primary camera app, allowing users to inspect, change, and manage light balance and photo exposure effects of their photos in real-time. Increasing camera capability and processing power of smartphones are driving manufacturers to produce superior mobile picture editing applications, hence fueling the industry.

Integration of Augmented (AR) and Virtual Reality (VR) Technologies in Photo Editing – An Opportunity in the Photo Editing Software Market

The integration of augmented reality and virtual reality technologies in photo editing allows users to apply more realistic effects to acquired images, making them more appealing. Furthermore, the usage of AR and VR technologies provides an exact and realistic picture of the image by enhancing its quality, which increases the demand among consumers and creates opportunities in the market. Moreover, using AR technology in photo editing allows end users to add realistic effects while providing an accurate and realistic image. Furthermore, the advent of more successful depth sensors in smartphone cameras makes it simple to incorporate augmented reality into the photo editing process. Thus, the increasing incorporation of AR and VR technologies in photo editing software is generating significant growth opportunities for the market.

Photo Editing Software Market Report Segmentation Analysis

Key segments that contributed to the derivation of the photo editing software market analysis are type, platform, and end user.

  • Based on type, the photo editing software market is divided entry level, prosumer level, and professional level. The prosumer level segment held a larger market share in 2023.
  • On the basis of platform, the photo editing software market is divided into macOS, windows, android, and iOS. The windows segment held a larger market share in 2023.
  • In terms of end user, the market is categorized as individual and commercial. The commercial segment held a larger market share in 2023.

Photo Editing Software Market Share Analysis by Geography

The geographic scope of the photo editing software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

In terms of revenue, North America accounted for the largest photo editing software market share. The introduction of social media advertising, the presence of well-known fashion brands, the rise of the online advertising sector, the expansion of the e-commerce industry, and the growth of SMEs are significant factors that have contributed to the regional market's growth. The high rates of internet, modern computer, and smartphone penetration in the US and Canada have produced a favorable atmosphere for the growth of the video streaming industry, which is expected to boost the market in the region.

Photo Editing Software Market Report Scope

Report Attribute Details
Market size in 2023 US$ 313.51 Million
Market Size by 2031 US$ 448.06 Million
Global CAGR (2023 - 2031) 4.6%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Entry Level
  • Prosumer Level
  • Professional Level
By Platform
  • macOS
  • Windows
  • Android
  • iOS
By End User
  • Individual 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
  • ACD Systems International Inc.
  • Adobe
  • CyberLink Corp
  • Core Corporation
  • DXO
  • INMAGINE GROUP
  • Phase One A/S
  • ON1
  • Serif (Europe) Ltd
  • Skylum
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Photo Editing Software Market News and Recent Developments

    The photo editing software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for photo editing software and strategies:

    • In February 2024, DxO announces software support for Canon’s exciting compact 10-18mm RF-S lens and more. The DxO Optics Module library now includes pro equipment from Leica and Hasselblad, as well as new lenses for Nikon, Sony, Fuji, and L-mount users. These DxO Optics Modules and more, can be found within the latest versions of any DxO photo-editing software product. (Source: DxO, Press Release, 2024)

    Photo Editing Software Market Report Coverage and Deliverables

    The “Photo Editing Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type ; End User ; Platform ; and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    What is the estimated market size for the global photo editing software market in 2023?

    The global photo editing software market was estimated to be US$ 313.51 million in 2023 and is expected to grow at a CAGR of 4.6% during the forecast period 2023 - 2031.

    What are the driving factors impacting the global photo editing software market?

    The growing number of internet and smartphone users and the growing demand for digital photographs among consumers are the major factors that propel the global photo editing software market.

    What are the future trends of the global photo editing software market?

    The presence of facial recognition technology empowered with artificial intelligence to play a significant role in the global photo editing software market in the coming years.

    Which are the key players holding the major market share of the global photo editing software market?

    The key players holding majority shares in the global photo editing software market are ACD Systems International Inc., Adobe, CyberLink Corp, Core Corporation, and DXO.

    What will be the market size of the global photo editing software market by 2031?

    The global photo editing software market is expected to reach US$ 448.06 million by 2031.

    What is the incremental growth of the global photo editing software market during the forecast period?

    The incremental growth expected to be recorded for the global photo editing software market during the forecast period is US$ 134.54 million.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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