Photo Editing Software Market By Business Top Key Players, Growth, Trend, Segmentation, Revenue and Industry Expansion Forecast Report, The Insight Partners

The photo editing software market size is expected to reach US$ 1,267.7 million by 2027, registering at a CAGR of  6.4% during the forecast period of 2020 to 2027, according to a new research study conducted by The Insight Partners. The demand and usage of photo editing software among professional as well as amateur photographers has been growing at an impressive pace from past few years. Whether the photos are being taken by smartphones or professional cameras, every photographer needs a software to organize, manage, optimize and edit the digital photos. The camera technology in smartphones and cameras is improving at an unprecedented rate in terms of sensor size, resolution, and features among others. To keep up with these advancements, photo editing software providers are also enhancing their offerings by integrating advanced features such as artificial intelligence (AI) editing, facial recognition, layer editing, and content-aware edits among many others.

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 The market for photo editing software is segmented into type, end-user, platform, and geography. Based on type, the market is segmented into entry level, prosumer level, and professional level. In 2019, the professional segment held the largest share of global photo editing software market. Based on end-user, the photo editing software market is divided into individual and commercial. Commercial is expected to be the fastest growing segment over the forecast period from 2020 to 2027.

On the basis of platform, the market is segmented into macOS, Windows, Android, and iOS. The iOS segment also includes iPadOS. The windows segment contributed a substantial share in 2019, however, macOS segment is projected to be the fastest growing sector owing to increasing demand of advanced photo editing software for macOS devices. Geographically, the market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

The Prominent Players are:

•ACD Systems International Inc.
•Adobe
•CyberLink Corp
•Corel Corporation
•DXO
•INMAGINE GROUP
•Phase One A/S
•ON1
•Serif (Europe) Ltd
•Skylum

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The research provides answers to the following key questions:

1.What is the estimated growth rate of the market for the forecast period 2020-2027? What will be the market size during the estimated period?
2.What are the key driving forces responsible for shaping the fate of the Photo Editing Software market during the forecast period?
3.Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Photo Editing Software market?
4.What are the prominent market trends influencing the development of the Photo Editing Software market across different regions?
5.What are the major threats and challenges likely to act as a barrier in the growth of the Photo Editing Software market?
6.What are the major opportunities the market leaders can rely on to gain success and profitability?

COVID-19 Impact on Photo Editing Software Market

According to the World Health Organization (WHO) report, the US, Brazil, India, and Russia are some of the worst affected countries due to the COVID-19 outbreak. The COVID-19 crisis is anticipated to have a positive impact on the market in 2020. Photography and photo editing industry has been flourishing at an impressive pace in the countries due to its high adoption among commercial and individual end users. With a large number of companies continuing to adopt remote working and increasing demand for online work flow, the need for advanced photo editing tools has increased among end users in the past few months.

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Photo Editing Software Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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