South America Video Editing Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (On-Premises and Cloud-Based), and Application (Commercial and Personal)
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The video editing software market in SAM is expected to grow from US$ 129.27 million in 2019 to US$ 176.76 million by 2027; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027.
Brazil and Argentina are major economies in SAM. Multipurpose use of video editing software and its rising operational requirement is driving the video editing software in SAM. The advanced video editing software can be used for 3D video editing and is generally used during post-production design and digital file format editing of primary source videos. The video file can be presented, posted to video sharing websites, or consigned to external media, such as a DVD, on a processor, or device with proper viewing software. Currently, the video editing software provide broad range of tools and controls for video editing related operations such as rendering power, organizing complex projects, color grading panels, and optical flow among other features remain popular among several leading, emerging desktop based video editing platforms. Whereas, the cloud-based software application lacks the complexity as well as competent features it provides core video editing capabilities via a cloud environment for subscription-based business models. Also, the video editing software owing to its operative use in video content management across the broadcast, media, video advertisement, and selected other enterprises, is expected to give steady business rising opportunities for the market players. Thus the multipurpose use of video editing software is expected to create a significant demand for video editing software in the coming years, which would ultimately drive the market in SAM.
Further, the ongoing COVID-19 pandemic is badly impacting the SAM region. The SAM region includes countries, such as Brazil, Argentina, and Ecuador. Brazil has the highest number of COVID-19 confirmed cases, followed by Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. This has a direct impact on the region’s economic growth as the region would face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners. Further the region also significantly constitutes of various island countries and small countries which accounted for consolidated reduction demand for video editing software. In order to mitigate the impact of COVID-19, various restrictions have been imposed in the several prominent countries in the SAM region, which is likely to restrain the growth of the video editing software market. The sharp decline in business activities are expected to directly affect the video editing software market's growth rate in the SAM region for the next three to four quarters.
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 SAM video editing software market. The SAM video editing software market is expected to grow at a good CAGR during the forecast period.
SAM Video Editing Software Market Segmentation
SAM Video Editing Software Market – By Type
- On-Premises
- Cloud-Based
SAM Video Editing Software Market – By Application
- Commercial
- Personal
SAM Video Editing Software Market, by Country
- Brazil
- Argentina
- Rest of SAM
SAM Video Editing Software Market - Companies Mentioned
- Adobe Inc.
- Apple Inc.
- Autodesk Inc.
- Avid Technology, Inc.
- Vimeo, Inc
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