The photo editing software market was valued at US$ 773.3 million in 2019, it is expected to grow at a CAGR of 6.4% during the forecast period of 2020 to 2027.
The demand and usage of photo editing software among professional as well as amateur photographers has been growing at an impressive pace from past few years. Whether the photos are being taken by smartphones or professional cameras, every photographer needs a software to organize, manage, optimize and edit the digital photos. The camera technology in smartphones and cameras is improving at an unprecedented rate in terms of sensor size, resolution, and features among others. To keep up with these advancements, photo editing software providers are also enhancing their offerings by integrating advanced features such as artificial intelligence (AI) editing, facial recognition, layer editing, and content-aware edits among many others. Adobe Photoshop, Adobe Photoshop Lightroom, CyberLink PhotoDirector, DXO PhotoLab, Phase One Capture One Pro, ACDSee Ultimate, Corel PaintShop Pro, and Skylum Luminar are some of the most popular photo editing software in the market today. The availability of innovative photo editing software for a wide variety of operating systems ranging from macOS, windows, android, iOS, and iPadOS in desktops, laptops, smartphones and tablets is fuelling the growth of global photo editing software market
In terms of COVID-19 outbreak, US is the world’s worst affected country presently with more than 7.81 million confirmed cases and more than 3,13,000 deaths, as per the recent WHO Situation Report- 184 (22nd July 2020). However, with more and more companies continuing to adopt remote working and increasing consumption/demand for online content/social media, the demand for advanced photo editing tools among end-users has seen an increase in the past few months. The COVID 19 outbreak has a huge positive impact on the growth of some industries such as video conferencing, desktop virtualization, and online media & entertainment streaming. Hence, it is anticipated that COVID-19 crisis will impact the growth in a positive manner.
The market for photo editing software is segmented into type, end-user, platform, and geography. Based on type, the market is segmented into entry level, prosumer level, and professional level. In 2019, the professional segment held the largest share of global photo editing software market. Based on end-user, the photo editing software market is divided into individual and commercial. Commercial is expected to be the fastest growing segment over the forecast period from 2020 to 2027. On the basis of platform, the market is segmented into macOS, Windows, Android, and iOS. The iOS segment also includes iPadOS. The windows segment contributed a substantial share in 2019, however, macOS segment is projected to be the fastest growing sector owing to increasing demand of advanced photo editing software for macOS devices. Geographically, the market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).
Lucrative Regions in Photo Editing Software Market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Photo Editing Software Market Insights
Continuous Advancements in Camera Technologies
The global photography industry growth has a direct correlation with the advancements in camera technologies in digital cameras as well as in smartphone cameras. The technology advancements in DSLR cameras, mirrorless cameras, and smartphone cameras have been growing at an unprecedented rate from past few years. The integration of advanced AI, computational photography options, increasing image resolution, and improvements in camera sensor technology are some of the trends that are impacting the camera market in a positive manner. The growing advancements in camera technologies and subsequent enhancements in photo editing software are acting as driving factors for the growth of global photo editing software market.
Type -Based Market Insights
Based on type, the photo editing software market is segmented into entry level, prosumer level, and professional level. The photo editing apps are widely used by amateurs, professionals, photographers, artists, and among others. With the rise in blog content and involvement in social media, use of photo editing software among the community is growing.
Platform -Based Market Insights
Based on platform, the photo editing software market is segmented into macOS, Windows, Android, and iOS. Due to availability of various operating system today, the photo editing software are developed accordingly to support different system so that the user can work efficiently.
Photo editing software Market, by Platform - 2019 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
End User -Based Market Insights
Based on end user, the photo editing software market is segmented into individual and commercial. The photo editing software is broadly used for personal purposes by individuals and for commercial project by professional artists and graphic designers. Various photo editing software are available in the market for the community of users based on the paid and free version.
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Photo Editing Software Market: Strategic Insights
Market Size Value in US$ 773.3 Million in 2019 Market Size Value by US$ 1,267.7 Million by 2027 Growth rate CAGR of 6.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Photo Editing Software Market: Strategic Insights
| Market Size Value in | US$ 773.3 Million in 2019 |
| Market Size Value by | US$ 1,267.7 Million by 2027 |
| Growth rate | CAGR of 6.4% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Players operating in the Photo editing software market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the photo editing software market. A few developments by key players of the photo editing software market are:
In Jun-2020, DxO launched its Nik Collection 3, which is an upgrade to the plugin suite for Lightroom Classic, Adobe Photoshop, and DxO PhotoLab. The product features a Nik Selective Tool, the suite’s plugin launcher for Adobe Photoshop, and quick edit tools. It also provides a new non-destructive workflow
In Mar-2020, INMAGINE Group introduces its new updates on Pixlr, a cloud-based photo editing tool. The product features an efficient interface, smooth editing in the browser. The newly launched Pixlr announced its rebranded flavors, such as Pixlr X, Pixlr E, and Pixlr M..
Photo Editing Software Market – by Type
- Entry Level
- Prosumer Level
- Professional Level
Photo Editing Software Market – by Platform
- macOS
- Windows
- Android
- iOS
Photo Editing Software Market – by End User
- Individual
- Commercial
Photo Editing Software Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Russia
- UK
- Italy
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
SAM
- Brazil
- Argentina
- Rest of SAM
Photo Editing Software Market – Company Profiles
- ACD Systems International Inc.
- Adobe
- CyberLink Corp
- Corel Corporation
- DXO
- INMAGINE GROUP
- Phase One A/S
- ON1
- Serif (Europe) Ltd
- Skylum
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End User ; Platform ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
North America held the largest share of global photo editing software market owing to the presence of some of the key players such as Adobe and Inmagine as well as due to large number of end-customers in the region. In 2019, the region contributed ~35% revenue share to the overall photo editing software market. In terms of market share, APAC and Europe held the second and third position respectively in 2019.
The growing advancements in camera technologies and subsequent enhancements in photo editing software are acting as driving factors for the growth of global photo editing software market. Small form factor of cameras, high image resolution, interactive interface, and connectivity options for easy workflow are some other major factors that are boosting the demand of cameras among prosumer and professional end-users.
The commercialsegmentis the leading end-user in the photo editing software market.The photo editing software providers include companies such as Adobe, Corel Corporation, CyberLink Corp, and Skylum which offer photo editing software solutions to individual and commercial end-users. Photo editing is being widely used by professionals and commercial users in industries such as fashion, news & media, social media, and entertainment for various purposes such as marketing and advertising among others.
The List of Companies - Photo Editing Software Market
- ACD Systems International Inc.
- Adobe
- Corel Corporation
- CyberLink Corp
- DXO
- INMAGINE GROUP
- ON1
- Phase One A/S
- Serif (Europe) Ltd
- Skylum
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Below is the breakup of our primary respondents by company, designation, and region:
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.
- 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.
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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.
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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.
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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.
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