[Research Report] The video editing software market was valued at US$ 1,942.97million in 2019 and is projected to reach US$ 3,047.57million by 2027; it is expected to grow at a CAGR of 5.9% from 2020 to 2027.
The video editing software continues to provide robust, efficient and powerful tools for professional as well as commercial media management based end-users who utilize the application of these software for development of seamless videos. Over the years, the prominent market players continue to develop improved as well as superior video editing software comprising sophisticated. 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. Additionally, the video editing software owing to their functional requirement in video content management across the broadcast, media, video advertisement and selected other industries is expected to continue to provide steady business growth opportunities for the Video Editing Software market players during the coming years.
Impact of COVID-19 Pandemic on Video Editing Software Market
The ongoing global pandemic COVID-19 continues to bring long terms disruption across several major IT as well as technology sectors. For instance, several IT and other major technologies firms are anticipating in lower number business contracts across numerous industrial verticals however, selected others have witnessed limited or negligible impact of the pandemic. For instance, service industries such as media & broadcast, entertainment, education, and selected others have witnessed cautious sending towards procurement of advanced or additional technologies for improved business function. As a result, the market witness lower demand owing to disruption of media recording was discontinued across entertainment, sports, advertisement and selected other verticals. Thus, the overall market registered limited decline in demand and is set to recover swiftly as the economic activities have resumed in major economies.
Lucrative Regions for Video Editing Software Market
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Technologically improved capabilities and features into video editing software market
The notably vast presence of media and broadcast industries for media and entertainment continues to gain significance for daily news, entertainment, education or other applications. As a result, the related software components and tools including video editing software also expected to play crucial role for their seamless production and management based procedures. Over the decade these software video editing has witnessed significant improvement in their video editing capabilities through integration of more robust, flexible and powerful tools that aid in seamless video editing solution for professional, commercial and personal application. Moreover, the recent .swift popularity of various advanced video recording devices such as AR, VR, mixed reality and 360-degree are expected to revolutionize the traditional video recording as well as introduce improvement in video editing techniques. Thus, the integration of AR/VR and other technologically improved video editing content is projected to widen the commercial scope of application of video editing software into those technologies and consequently provide additional business opportunities for the market players during the later forecast period.
Type Market Insights
The cloud-based video editing software and on-premise video editing software are gaining popularity among new entrepreneurs and personal users utilizing video editing solutions. The growth of the cloud segment is attributed to its cost-effectiveness and rising use of social media platforms. Furthermore, the video editing software developing companies are concentrating heavily on designing a high-level security patch to eliminate the risk of cyber-attack. The choice of deployments significantly varies on the format as well as the type of video to be created.
Video Editing Software Market, by Type– 2019 and 2027
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Application Market Insight
In the recent past, videos have become a widely used communication method on the internet. Videos are used for several applications ranging from live online gaming streaming to short software tutorials. There is plenty of video editing software available for users seeking editing and mixing videos. The competition among the providers is high, specifically regarding products appealing to both professionals and beginners.While selecting appropriate video editing software, the primary factor taken into consideration is the user's specific requirements, followed by price and features. The precise requirements are defined by the users’ familiarity level, the targeted audience, as well as the type of finished product required.
Report Coverage - Video Editing Software Market
Market Size Value in
US$ 1,942.97Million in 2019
Market Size Value by
US$ 3,047.57Million by 2027
CAGR of 5.9% from 2020-2027
No. of Pages
No. of Tables
No. of Charts & Figures
Historical data available
Type and Application , and Geography
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In July 2020, Animoto Inc. is officially launching Animoto 3 on August 24, 2020. Animoto 3 gives the flexibility to create attention-grabbing videos, easily and quickly.
In May 2019, Renderforest has announced a partnership with Joomla. This partnership program helps the Renderforest mission to advance graphics content creation.
An on-premise deployment allows complete control over the entire software. The accountability for data security remains with the customer, and the in-house IT department or the individual assures requirements. Handling on-premise solutions are complicated for the user owing to the deficiency of transparency of the on-premise infrastructure on the developerâ€™s end. Despite the high initial cost required for on-premise deployment, several companies or individuals opt for this solution in order to secure respective data or customer data.
The video editing software continues to provide robust, efficient and powerful tools for professional as well as commercial media management based end-users who utilize the application of these software for development of seamless videos. Over the years, the prominent market players continue to develop improved as well as superior video editing software comprising sophisticated. 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.
In terms of geography, the global video editing market was dominated the North America market in 2019 which accounted for more than one third of the total market share in terms of revenue. Factors such as strong presence of several prominent customers from media, broadcast and advertisement based end-users contributed significantly in the regionâ€™s prominent positioning in the global market. Furthermore, the region is expected to continue its market leadership during the coming years and account for notable share in the global market share by 2027.
The List of Companies - Video Editing Software Market
Avid Technology, Inc.
Biteable Pty Ltd
Clideo (Softo Ltd.)
Clipchamp Pty Ltd
Flexclip (Pearlmountain Limited)
Placeit (Envato Pty Ltd)
Splice (Bending Spoons S.p.A.)
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Video editing software market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global video editing software market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.