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Photo Editing Software Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR46467
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According to Technavio's analyst, the photo editing software market size is expected to be valued at USD 542.87 million by 2026 at a progressing CAGR of 9.27%.

This photo editing software market research report has covered details of key players and demographic segmentation that highlight potential growth areas and competition. Furthermore, the post COVID-19 impact analysis on the market captured in this report will help players evaluate their business approaches.

Photo editing software market segmentation: End-user (commercial and personal) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Photo editing software market vendors: ACD Systems International Inc., Adobe Inc., Afterlight Collective Inc., Alphabet Inc., Apple Inc., Capture One, Corel Corp., CyberLink Corp., DxO Labs, Inmagine Group, Lightricks Ltd., MAGIX Software GmbH, ON1, PhotoUp Inc., PicsArt Inc., Polarr, Samsung Electronics Co. Ltd., Serif (Europe) Ltd., Skylum Software USA Inc., and ZONERA Inc. among others.

What will the Photo Editing Software Market Size be During the Forecast Period?

Photo Editing Software Market Size

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Photo Editing Software Market: Key Drivers, Trends, and Challenges

The increasing smartphone penetration is notably driving the photo editing software market growth, although factors such as availability of free photo editing software may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the photo editing software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Photo Editing Software Market Driver

One of the key factors driving the photo editing software market growth is the increasing smartphone penetration owing to the availability of low-cost smartphones (The proliferation of low-cost smartphone OEMs is driving the demand for smartphones, specifically in countries such as India, Vietnam, the Philippines, Sri Lanka, and Pakistan in APAC and Spain, Greece, and Turkey in EMEA.  Developing countries such as China and India are becoming high-potential markets for low-cost smartphones. The increasing demand for smartphones is driving the demand for mobile photo editing software applications. In line with this, photo editing software vendors have started providing photo editing tools specifically for smartphones. The improving processing power and camera performance of smartphones are driving vendors to develop advanced mobile photo editing software, which will drive the market growth in the forecast years.

Key Photo Editing Software Market Trend

Increasing applications of AI in the photo editing process, to review the captured photo and apply different degrees of automatic photo editing, is one of the key photo editing software market trends that is expected to impact the industry positively in the forecast period. The algorithm automates the entire photo editing process, from identifying the type of the photo to analyzing the photo, performing improvements such as adjusting exposure, correcting the colors, and also comparing the multiple layers of the photo for selecting an optimized photo. The use of AI can standardize and automate the process of photo editing by reducing photo production time with improved photo quality. Companies are researching the extended use of AI in photo editing. Therefore, Technavio expects that the implementation of AI in the photo editing process will be a major trend in the coming years.

Key Photo Editing Software Market Challenge

One of the key challenges to the global photo editing software market growth is the availability of free photo editing software. In the subscription-based revenue model, the photo editing software can be purchased either through a single perpetual license or through subscription-based models. Several vendors in the market are moving toward subscription-based models from the perpetual model as users can purchase monthly, quarterly, or annual subscriptions. Non-professionals that do not use photo editing software frequently and do not require frequent upgrades to the software usually prefer free software. Free photo editing software is majorly available through web browsers with an active internet connection. Most of the non-professional users and amateurs utilize free photo editing software available in the market, which may limit the market growth in the coming years.

This photo editing software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global photo editing software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the photo editing software market during the forecast period.

Who are the Major Photo Editing Software Market Vendors?

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

 

  • ACD Systems International Inc.
  • Adobe Inc.
  • Afterlight Collective Inc.
  • Alphabet Inc.
  • Apple Inc.
  • Capture One
  • Corel Corp.
  • CyberLink Corp.
  • DxO Labs
  • Inmagine Group
  • Lightricks Ltd.
  • MAGIX Software GmbH
  • ON1
  • PhotoUp Inc.
  • PicsArt Inc.
  • Polarr
  • Samsung Electronics Co. Ltd.
  • Serif (Europe) Ltd.
  • Skylum Software USA Inc.
  • ZONERA Inc.

 

This statistical study of the photo editing software market encompasses successful business strategies deployed by the key vendors. The photo editing software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ACD Systems International Inc. - The company offers photo editing software that includes Photo Studio Ultimate 2022, Photo Studio Professional 2022, Photo Studio Home 2022, Photo Studio for Mac 8, and Gemstone Photo Editor 12.
  • ACD Systems International Inc. - Under the unified segment, the company offers photo editing software that includes Photo Studio Ultimate 2022, Photo Studio Professional 2022, Photo Studio Home 2022, Photo Studio for Mac 8, Gemstone Photo Editor 12.

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.

The photo editing software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Photo Editing Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the photo editing software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Photo Editing Software Market?

Photo Editing Software Market Market segmentation by region

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for photo editing software in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The rise in social media advertising, the presence of major fashion houses, growth of the online advertising and e-commerce market, and growth of SMEs in countries such as the US will facilitate the photo editing software market growth in North America over the forecast period. For instance, the US, which is a dominant country in the region, has about 30 million SMEs and contributes more than 66% to private-sector jobs in North America. 

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 has spread widely across North America, and people were forced to stay at home. This increased the demand for photo editing software, owing to a spike in demand for photo editing applications by personal end-users in many North American countries, such as the US, Canada, and Mexico. During the pandemic, North Americans were editing and posting content on social media more than ever before. Many people were utilizing applications to soften their appearance and make appealing images in the middle of stay-at-home orders as social distancing caused them to avoid trips to the beautician, skip events with friends, and skip workouts at the gym. All these factors will benefit the market growth during the forecast period.

What are the Revenue-generating End-user Segments in the Photo Editing Software Market?

Photo Editing Software Market Segmentation

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The photo editing software market share growth by the commercial segment will be significant during the forecast period.  The growth is attributed to the significant increase in the use of social media platforms such as Instagram, Facebook Messenger, WhatsApp, and Snapchat and the growth of the e-commerce and fashion industries. 

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

 

Photo Editing Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.27%

Market growth 2022-2026

$ 542.87 million

Market structure

Fragmented

YoY growth (%)

7.92

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ACD Systems International Inc., Adobe Inc., Afterlight Collective Inc., Alphabet Inc., Apple Inc., Capture One, Corel Corp., CyberLink Corp., DxO Labs, Inmagine Group, Lightricks Ltd., MAGIX Software GmbH, ON1, PhotoUp Inc., PicsArt Inc., Polarr, Samsung Electronics Co. Ltd., Serif (Europe) Ltd., Skylum Software USA Inc., and ZONERA Inc.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Photo Editing Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive photo editing software market growth during the next five years
  • Precise estimation of the photo 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 photo editing software industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of photo editing software market vendors

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1. Executive Summary                         

               1.1 Market overview 

                              Exhibit 01:  Executive Summary – Chart on Market Overview

                              Exhibit 02:  Executive Summary – Data Table on Market Overview

                              Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                              Exhibit 04:  Executive Summary – Chart on Market by Geography

                              Exhibit 05:  Executive Summary – Chart on Market Segmentation by End-user

                              Exhibit 06:  Executive Summary – Chart on Incremental Growth

                              Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                              Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 09:  Parent market

                              Exhibit 10:  Market Characteristics

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:  Offerings of vendors included in the market definition

               3.2     Market segment analysis             

                              Exhibit 12: Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021-2026   

                              Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ million)

                              Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ million)

                              Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                              Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 17:  Five forces analysis - Comparison between2021 and 2026

               4.2 Bargaining power of buyers            

                              Exhibit 18:  Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

               4.3 Bargaining power of suppliers        

                              Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

               4.4 Threat of new entrants     

                              Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

               4.5 Threat of substitutes          

                              Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

               4.6 Threat of rivalry   

                              Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

               4.7 Market condition 

                              Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by End-user

               5.1 Market segments

                              Exhibit 24:  Chart on End-user - Market share 2021-2026 (%)

                              Exhibit 25:  Data Table on End-user - Market share 2021-2026 (%)

               5.2 Comparison by End-user   

                              Exhibit 26:  Chart on Comparison by End-user

                              Exhibit 27:  Data Table on Comparison by End-user

               5.3 Commercial - Market size and forecast 2021-2026

                              Exhibit 28:  Chart on Commercial - Market size and forecast 2021-2026 ($ million)

                              Exhibit 29:  Data Table on Commercial - Market size and forecast 2021-2026 ($ million)

                              Exhibit 30:  Chart on Commercial - Year-over-year growth 2021-2026 (%)

                              Exhibit 31:  Data Table on Commercial - Year-over-year growth 2021-2026 (%)

               5.4 Personal - Market size and forecast 2021-2026       

                              Exhibit 32:  Chart on Personal - Market size and forecast 2021-2026 ($ million)

                              Exhibit 33:  Data Table on Personal - Market size and forecast 2021-2026 ($ million)

                              Exhibit 34:  Chart on Personal - Year-over-year growth 2021-2026 (%)

                              Exhibit 35:  Data Table on Personal - Year-over-year growth 2021-2026 (%)

               5.5 Market opportunity by End-user   

                              Exhibit 36:  Market opportunity by End-user ($ million)

6. Customer landscape                        

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               6.1 Customer landscape overview       

                              Exhibit 37:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7.    Geographic Landscape                

               7.1     Geographic segmentation           

                              Exhibit 38:  Chart on Market share by geography 2021-2026 (%)

                              Exhibit 39:  Data Table on Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 40:  Chart on Geographic comparison

                              Exhibit 41:  Data Table on Geographic comparison

               7.3 North America- Market size and forecast 2021-2026           

                              Exhibit 42:  Chart on North America- Market size and forecast 2021-2026 ($ million)

                              Exhibit 43:  Data Table on North America- Market size and forecast 2021-2026 ($ million)

                              Exhibit 44:  Chart on North America- Year-over-year growth 2021-2026 (%)

                              Exhibit 45:  Data Table on North America- Year-over-year growth 2021-2026 (%)

               7.4 Europe- Market size and forecast 2021-2026          

                              Exhibit 46:  Chart on Europe- Market size and forecast 2021-2026 ($ million)

                              Exhibit 47:  Data Table on Europe- Market size and forecast 2021-2026 ($ million)

                              Exhibit 48:  Chart on Europe- Year-over-year growth 2021-2026 (%)

                              Exhibit 49:  Data Table on Europe- Year-over-year growth 2021-2026 (%)

               7.5 APAC- Market size and forecast 2021-2026              

                              Exhibit 50:  Chart on APAC- Market size and forecast 2021-2026 ($ million)

                              Exhibit 51:  Data Table on APAC- Market size and forecast 2021-2026 ($ million)

                              Exhibit 52:  Chart on APAC- Year-over-year growth 2021-2026 (%)

                              Exhibit 53:  Data Table on APAC- Year-over-year growth 2021-2026 (%)

               7.6 South America - Market size and forecast 2021-2026          

                              Exhibit 54:  Chart on South America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 55:  Data Table on South America  - Market size and forecast 2021-2026 ($ million)

                              Exhibit 56:  Chart on South America  - Year-over-year growth 2021-2026 (%)

                              Exhibit 57:  Data Table on South America - Year-over-year growth 2021-2026 (%)

               7.7 Middle East and Africa - Market size and forecast 2021-2026           

                              Exhibit 58:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                              Exhibit 59:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                              Exhibit 60:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                              Exhibit 61:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

               7.8 US- Market size and forecast 2021-2026    

                              Exhibit 62:  Chart on US- Market size and forecast 2021-2026 ($ million)

                              Exhibit 63:  Data Table on US- Market size and forecast 2021-2026 ($ million)

                              Exhibit 64:  Chart on US- Year-over-year growth 2021-2026 (%)

                              Exhibit 65:  Data Table on US- Year-over-year growth 2021-2026 (%)

               7.9 UK- Market size and forecast 2021-2026   

                              Exhibit 66:  Chart on UK- Market size and forecast 2021-2026 ($ million)

                              Exhibit 67:  Data Table on UK- Market size and forecast 2021-2026 ($ million)

                              Exhibit 68:  Chart on UK- Year-over-year growth 2021-2026 (%)

                              Exhibit 69:  Data Table on UK- Year-over-year growth 2021-2026 (%)

               7.10 Germany- Market size and forecast 2021-2026    

                              Exhibit 70:  Chart on Germany- Market size and forecast 2021-2026 ($ million)

                              Exhibit 71:  Data Table on Germany- Market size and forecast 2021-2026 ($ million)

                              Exhibit 72:  Chart on Germany- Year-over-year growth 2021-2026 (%)

                              Exhibit 73:  Data Table on Germany- Year-over-year growth 2021-2026 (%)

               7.11 China- Market size and forecast 2021-2026           

                              Exhibit 74:  Chart on China- Market size and forecast 2021-2026 ($ million)

                              Exhibit 75:  Data Table on China- Market size and forecast 2021-2026 ($ million)

                              Exhibit 76:  Chart on China- Year-over-year growth 2021-2026 (%)

                              Exhibit 77:  Data Table on China- Year-over-year growth 2021-2026 (%)

               7.12 Market opportunity by geography            

                              Exhibit 78:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1 Increasing smartphone penetration

                              8.1.2 Growth in web designing services

                              8.1.3 Growing investments and partnerships

               8.2 Market challenges              

                              8.2.1 Availability of free photo editing software

                              8.2.2 Increasing piracy of photo editing software

                              8.2.3 High costs of commercial photo editing software

               8.3 Impact of drivers and challenges   

                              Exhibit 79:  Impact of drivers and challenges in 2021 and 2026

               8.4 Market trends      

                              8.4.1 Increasing applications of AI in photo editing process

                              8.4.2 Use of AR in photo editing

                              8.4.3 Rise in adoption of cloud-based photo editing software

9. Vendor Landscape                            

               9.1 Overview

               9.2 Vendor landscape

                              Exhibit 80:  Overview on Criticality of inputs and Factors of differentiation

               9.3 Landscape disruption         

                              Exhibit 81:  Overview on factors of disruption

               9.4 Industry risks        

                              Exhibit 82:  Impact of key risks on business

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 83:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 84:  Matrix on vendor position and classification

               10.3 ACD Systems International Inc.   

                              Exhibit 85:  ACD Systems International Inc. - Overview

                              Exhibit 86:  ACD Systems International Inc. - Product / Service

                              Exhibit 87:  ACD Systems International Inc. - Key offerings

               10.4 Adobe Inc.

                              Exhibit 88:  Adobe Inc. - Overview

                              Exhibit 89:  Adobe Inc. - Business segments

                              Exhibit 90:  Adobe Inc. - Key news

                              Exhibit 91:  Adobe Inc. - Key offerings

                              Exhibit 92:  Adobe Inc. - Segment focus

               10.5 Afterlight Collective Inc. 

                              Exhibit 93:  Afterlight Collective Inc. - Overview

                              Exhibit 94:  Afterlight Collective Inc. - Product / Service

                              Exhibit 95:  Afterlight Collective Inc. - Key offerings

               10.6 Alphabet Inc.      

                              Exhibit 96:  Alphabet Inc. - Overview

                              Exhibit 97:  Alphabet Inc. - Business segments

                              Exhibit 98:  Alphabet Inc. - Key news

                              Exhibit 99:  Alphabet Inc. - Key offerings

                              Exhibit 100:  Alphabet Inc. - Segment focus

               10.7 Apple Inc.

                              Exhibit 101:  Apple Inc. - Overview

                              Exhibit 102:  Apple Inc. - Business segments

                              Exhibit 103:  Apple Inc. - Key news

                              Exhibit 104:  Apple Inc. - Key offerings

                              Exhibit 105:  Apple Inc. - Segment focus

               10.8 Corel Corp.         

                              Exhibit 106:  Corel Corp. - Overview

                              Exhibit 107:  Corel Corp. - Product / Service

                              Exhibit 108:  Corel Corp. - Key offerings

               10.9 CyberLink Corp. 

                              Exhibit 109:  CyberLink Corp. - Overview

                              Exhibit 110:  CyberLink Corp. - Product / Service

                              Exhibit 111:  CyberLink Corp. - Key offerings

               10.10 DxO Labs           

                              Exhibit 112:  DxO Labs - Overview

                              Exhibit 113:  DxO Labs - Product / Service

                              Exhibit 114:  DxO Labs - Key offerings

               10.11 Inmagine Group             

                              Exhibit 115:  Inmagine Group - Overview

                              Exhibit 116:  Inmagine Group - Product / Service

                              Exhibit 117:  Inmagine Group - Key offerings

               10.12 Lightricks Ltd.  

                              Exhibit 118: 

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
Technavio

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
Technavio

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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Photo Editing Software market growth will increase by $542.87 million during 2022-2026.
The photo editing software market is expected to grow at a CAGR of 9.27% during 2022-2026.
Technavio has segmented the photo editing software market by end-user (Commercial and Personal) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
ACD Systems International Inc., Adobe Inc., Afterlight Collective Inc., Alphabet Inc., Apple Inc., Capture One, Corel Corp., CyberLink Corp., DxO Labs, Inmagine Group, Lightricks Ltd., MAGIX Software GmbH, ON1, PhotoUp Inc., PicsArt Inc., Polarr, Samsung Electronics Co. Ltd., Serif (Europe) Ltd., Skylum Software USA Inc., ZONERA Inc. are a few of the key vendors in the photo editing software market.
North America will register the highest growth rate of 36.77% among the other regions. Therefore, the photo 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 photo editing software market growth are:
  • Increasing smartphone penetration
  • Increasing applications of AI in photo editing process
The photo 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.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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