Video Editing Software Market : Market Research by Knowledge Sourcing Intelligence


The video editing software market is projected to grow at a CAGR of 11.40% to reach US$9.280 billion by 2024, from US$4.855 billion in 2018. Video editing software refers to a software platform that aids content creators, filmmakers, video editors, and others, by helping them create finished video content from raw content. The growing entertainment industry across multiple platforms is evaluated as one of the key drivers for the increasing demand for video editing software. 
In addition to this, the constant developments in the video editing software are further projected to augment the demand in the coming years. However, the market will also be heavily restrained due to the rising piracy concerns during the forecasted time period. Smartphone and tablet platforms are projected to witness significant growth opportunities as a result of the constant hardware developments within the platforms, enabling an increase in the efficiency and output quality of the video content. We are providing market research for video editing software with complete information.

VIDEO EDITING SOFTWARE MARKET BY PLATFORM
By application type, the video editing software market is segmented into personal computers & laptops and smartphones & tablets. Smartphones and tablets are expected to have a significant market share on account of growing penetration of social media coupled with smartphones, in addition, innovations of high-quality cameras in smartphones is also expected to drive the demand for this software. However, the personal computers and laptops are also expected to anticipate the demand owing to the fact of having a higher configuration for editing software in media and entertainment industry.

Sample view of video editing software  share by application
The thriving entertainment industry and increasing penetration of social media around the globe is one of the prime factors to drive the demand for video editing software for smartphones and tablets during the forecast period. In addition, a growing number of smartphone users couple with the increasing number of mobile phone applications have to lead the developers to innovate more and more software for video editing in smartphones owing to the fact that users are able to edit the videos through their phones and tablet more conveniently rather than using heavy configuration laptops. Moreover, the use of high-quality cameras, especially in smartphones is further expected to anticipate the demand for these types of software.

Furthermore, increasing internet penetration especially in smartphones in developing economies like India, China and Brazil are expected to increase the popularity of online streaming services which is further expected to augment the growth opportunities for developers in the coming years. For instance, according to World Bank individuals using the Internet (% of the population) in India has increased from 2.388% in 2005 to 29.547% in 2016.

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