Video Editing Software Market Share, Size, and Growth Report 2027

Video Editing Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (On-Premise and Cloud) and Application (Commercial and Personal), and Geography

  • Report Code : TIPRE00013622
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 174
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[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

Lucrative Regions for Video Editing Software Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

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

Video Editing Software Market, by Type– 2019 and 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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.

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Video Editing Software Market: Strategic Insights

video-editing-software-market
Market Size Value inUS$ 1,942.97Million in 2019
Market Size Value byUS$ 3,047.57Million by 2027
Growth rateCAGR of 5.9% from 2020-2027
Forecast Period2020-2027
Base Year2020
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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.

Global Video Editing Software Segments:


Video Editing Software Market – By Type

  • On-Premise
  • Cloud-Based

Video Editing Software Market – By Application

  • Commercial
  • Personal

Video Editing Software Market – By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM

Companies

  • Vimeo, Inc.
  • Wondershare Technology Co., Ltd.
  • Softo ltd. (Clideo & Convertio)
  • Clipchamp Pty Ltd.
  • Kapwing Inc.
  • Animoto Inc.
  • Biteable Pty Ltd.
  • Placeit (Envato Pty Ltd.)
  • Pixiko
  • Renderforest
  • PearlMountain Limited (FlexClip)
  • KineMaster Corporation
  • Avid Technology, Inc.
  • Corel Corporation
  • CyberLink Corp
  • FXhome Limited
  • NCH SOFTWARE
  • Adobe Inc.
  • Apple, Inc.
  • Autodesk, Inc.
  • Lightricks Ltd. (Videoleap)
  • InShot lnc.
  • Bending Spoons S.p.A. (Splice)
  • VivaVideo
 
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Type and Application , 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


Which software type led the video editing software market?

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 developer’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.

Which factor is driving the Video editing software market?

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.

Which region led the video editing software market in 2019?

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 region’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

  1. Adobe, Inc.
  2. Animoto Inc.
  3. Apple Inc.
  4. Autodesk, Inc.
  5. Avid Technology, Inc.
  6. Biteable Pty Ltd
  7. Clideo (Softo Ltd.)
  8. Clipchamp Pty Ltd
  9. Corel Corporation
  10. Cyberlink Corporation
  11. Enlight Videoleap
  12. Flexclip (Pearlmountain Limited)
  13. FXhome Limited.
  14. Inshot Inc.
  15. Kapwing Inc.
  16. Kinemaster Corporation
  17. NCH Software
  18. Pixiko
  19. Placeit (Envato Pty Ltd)
  20. Renderforest LLC
  21. Splice (Bending Spoons S.p.A.)
  22. Vimeo, Inc.
  23. Viva Video
  24. Wondershare       

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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