1. Home
  2. > ICT
  3. > Software Market Trends
Audio and Video Editing Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component [Software and Services], Deployment, and End User

Audio and Video Editing Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component [Software and Services], Deployment, and End User

  • August 2022
  • 208 pages
  • ID: 6321016
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The audio and video editing software market is projected to grow from US$ 3,223.12 million in 2022 to US$ 4,562.65 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Virtual reality technology is evolving in a variety of ways.The use of virtual reality technology in video content for various applications such as marketing, animation, and 360-degree videos significantly increases the demand for audio and video editing software.

Virtual reality technologies have advanced significantly due to advancements in computer technology and societal requirements.Introducing virtual reality might enhance the global video creation/production industry.

On the other hand, increased interest in viewing animated movies/content in virtual reality is expected to set the tone for the audio and video editing software market growth.

Moreover, the recent swift popularity of various advanced video recording devices, such as AR, VR, mixed reality, and 360-degree, is expected to revolutionize traditional video recording and improve video editing techniques in the coming years. Thus, integrating AR/VR and other technologically improved video editing content is projected to widen the commercial scope of video editing software applications into those technologies and provide additional business opportunities for market players during the forecast period.

In North America, the US is one of the major markets for audio and video editing software vendors.According to an international trade association report, the country holds the world’s largest media & entertainment industry, valued at US$ 660 billion in 2021.

Media and entertainment players proactively use this software to produce and provide additional digital services and products for motion pictures, television programs, commercials, broadcast content, music, video and audio recordings, and broadcasting, among others. Based on the report by the Numbers, more than 400 domestic movies were released in the US in 2021, upscaling the demand for audio and video editing software market growth.

Canada’s animation and visual effects industry is booming, with thousands of animated films, commercials, and television series produced each year.The country houses the largest animation studio, 9 Story Media Group, in Toronto and the fourth largest visual effects center in the world, which is in Montreal.

In addition, Canada offers attractive tax and financial incentives for animators and filmmakers.It is home to hundreds of world-class film and animation studios and thousands of companies that proactively use audio and video editing software.

Further, the country also houses hundreds of major game design studios, top creative agencies, and design firms. Hence, the robust animation industry makes Canada a go-to market for audio and video editing software market vendors.

The US has the world’s largest music industry, often considered the epicenter of media and drama, and the country’s music industry grows yearly. Based on the report by Matching Engine, in 2020, recorded music industry revenue reached US$8 billion in the US alone, a staggering 7.5% year-over-year growth.

Moreover, in March 2019 alone, Spotify’s Global Top 50 playlist by US artists included 70% of his songs.Hence, the robust music industry provides a great business opportunity to the audio and video editing software vendors, as the music artist progressively uses these tools to create and release different types of music.

Furthermore, with the live concert and music festival reopening, the demand for audio and video editing software is anticipated to flourish over the forecast period.

The audio and video editing software market is segmented on the basis of component, deployment, end user, and geography.Based on component, the audio and video editing software market is bifurcated into software and services.

The software segment is further segmented into audio editing software and video editing software.In terms of deployment, the audio and video editing software market is segmented into on-premise and cloud.

Based on end user, the audio and video editing software market is bifurcated into personal and commercial.

Based on geography, the audio and video editing software market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, and the Rest of Europe), Asia Pacific (Australia, Japan, South Korea, India, China, and the Rest of APAC), the MEA (Saudi Araba, UAE, South Africa, and the Rest of MEA), and SAM (Brazil, Argentina, and the Rest of SAM).

The overall audio and video editing software market has been derived using both primary and secondary sources.Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the audio and video editing software market.

The process also obtains an overview and forecast for the audio and video editing software market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights.

Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, external consultants, valuation experts, research analysts, and key opinion leaders, specializing in the audio and video editing software market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Password Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • $ 4750
  • December 2022
  • 157 pages

The password management market was valued at USD 1,491.6 million, and it is expected to grow at a CAGR of 28.52% during the forecast period 2022-2027. Password management (PM) technologies enable users ...

  • World
  • ICT
  • Software
  • Industry analysis
  • Smartphone Adoption
  • Number Of Credit Cards

ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on