Video Editing Software Market Worth US$ 3,047.57 Million, Globally, by 2027 at 5.9% CAGR - Exclusive Report by The Insight Partners

The Insight Partners published latest research study on "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 The video editing software market was valued at US$ 1,942.97million in 2019 and is projected to reach US$ 3,047.57 million by 2027; it is expected to grow at a CAGR of 5.9% from 2020 to 2027.

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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 Softwaremarket 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.

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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.

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-CompanyProfiles
• 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)

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