Audio and Video Editing Software Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR41027
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The audio and video editing software market size has the potential to grow by USD 1.97 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.02%. 

This report provides a detailed analysis of the market by end-user (commercial and personal) and geography (North America, Europe, APAC, South America, and MEA). 

Audio and Video Editing Software Market Share

Audio-And-Video-Editing-Software-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Acon AS
  • Adobe Inc.
  • Animoto Inc.
  • Apple Inc.
  • Autodesk Inc.
  • Avid Technology Inc.
  • CyberLink Corp.
  • Microsoft Corp.
  • Sony Corp.
  • Steinberg Media Technologies GmbH

 

The audio and video editing software market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the increase in the rate of content generation and the rise of OTT platforms to achieve growth opportunities. However, factors such as the increase in the use of open-source and free editing software will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the audio and video editing software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This audio and video editing software market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Audio and Video Editing Software Market: Key Drivers and Trends

  • The increase in the rate of content consumption and generation and the rise of OTT platforms is a significant factor driving audio and video editing software market growth.
  • The consumption and generation of digital content have increased because of factors such as the increasing adoption of smartphones, rising internet speeds, and extensive use of social media platforms.
  • Digital marketers and influencers are using various types of audio and video editing software to differentiate their content.
  • The growing number of smartphones and connected devices and high internet speeds are responsible for the growth of the OTT video streaming market.
  • OTT video streaming vendors use audio and video editing software to generate high-quality content.
  • The several benefits of cloud services and solutions, including improved uptime, enriched IT services, reliability, enhanced operational speeds, and high data access flexibility, have encouraged market vendors to develop cloud-based audio and video editing software.
  • The cloud-based audio and video editing solution can be used in both mobile and desktop devices and is offered on a subscription basis to customers.
  • Cloud-based audio and video editing software offer various benefits to end-users such as convenient import, easy sharing and storage, and editor collaboration.
  • These benefits of cloud-based audio and video editing software will encourage end-users to shift toward a cloud-based delivery model and consequently fuel the growth of the audio and video editing software market.

 

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Audio and Video Editing Software Market: Segmentation by Geography

Audio-And-Video-Editing-Software-Market-Market-Share-by-Region-2020-2025

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45% of the market’s growth will originate from North America during the forecast period. The US is a key market for audio and video editing software in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The increasing demand for editing software in the media and entertainment industry and rising adoption of cloud-based subscription models will facilitate the audio and video editing software market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Audio and Video Editing Software Market: Segmentation by End-user

Audio-And-Video-Editing-Software-Market-Market-Share-by-End-2020-2025

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The commercial end-user segment of the audio and video editing software market is expected to witness a moderate growth rate during the forecast period due to the growth of the film industry and the over-the-top (OTT) video streaming industry, as well as the increase in the number of digital marketing firms and advertising agencies.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the audio and video editing software market size.

 

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Key Highlights of the Audio and Video Editing Software Market Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive audio and video editing software market growth during the next five years
  • Precise estimation of the audio and video editing software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the audio and video editing software industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of audio and video editing software market vendors

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Audio And Video Editing Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 1.97 billion

Market structure

Fragmented

YoY growth (%)

6.67

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 45%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Acon AS, Adobe Inc., Animoto Inc., Apple Inc., Autodesk Inc., CyberLink Corp., Avid Technology Inc., Microsoft Corp., Sony Corp., and Steinberg Media Technologies GmbH

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The audio and video editing software market growth will increase by $2496.03 million during 2019-2024.
The audio and video editing software market is expected to grow at a CAGR of 11.48% during 2019-2024.
Technavio has segmented the audio and video editing software market by end user (Commercial and Personal) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
Acon AS, Adobe Inc., Animoto Inc., Apple Inc., Autodesk Inc., Avid Technology Inc., CyberLink Corp., Microsoft Corp., Sony Corp., Steinberg Media Technologies GmbH are a few of the key vendors in the audio and video editing software market.
North America will register the highest growth rate of 35.81% among the other regions. Therefore, the audio and video editing software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the audio and video editing software market growth are:
  • Increase in rate of content generation and rise of OTT platforms
  • Shift toward cloud-based delivery model
The audio and video editing software market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
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