Press release
Why Invest in this Industry | The Screen and Script Writing Software Market Reach USD 235.87 Million by 2026
Introduction of online movies & TV series, increase in mobile-based screen & script writing software, and surge in awareness about numerous benefits provided by the program fuel the growth of the global screen and script writing software market. Rise in demand for screen & script writing software from Asia-Pacific region is expected to create multiple opportunities in the industry
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The global screen and script writing software market size was valued at USD 80.83 million in 2018, and is projected to reach USD 235.87 million by 2026, registering a CAGR of 14.4% from 2019 to 2026.
The global screen and script writing software market is segmented into deployment mode, platform type, end user, and region. On the basis of deployment type, the market is bifurcated into on-premises and cloud-based. By platform type, the market is divided into desktop-based and mobile-based. As per end user, the market is classified into personal and business. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key Findings of the Study:
● Depending on deployment mode, the on-premises segment dominated the global screen and script writing software market in 2018, and is expected to generate highest revenue during the forecast period.
● On the basis of platform type, the desktop-based segment dominated the market in 2018, and is expected to generate highest revenue during the forecast period. However, the mobile-based segment is expected to witness highest growth rate in the upcoming years.
● By end user, the business segment dominated the global screen and script writing software market in 2018, and is expected to remain dominant throughout the forecast period.
● Region wise, North America led the market in 2018, and is expected to generate highest revenue during the screen and script writing software market forecast period.
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Based on deployment mode, the on-premises segment contributed to around three-fifths of the global screen and script writing software market revenue in 2018, and is expected to maintain its dominance by the end of 2026. Surge in adoption of on-premise screen & script writing software by various professionals engaged in writing for television, motion pictures, theaters, video games, and radio drives the segment growth. The cloud-based segment, on the other hand, would grow at the fastest CAGR of 16.1% from 2019 to 2026, owing to the fact that key players of the market are launching cloud-based software with numerous features along with availability of several already existing cloud screen & script writing software in the market.
Based on platform type, the desktop-based segment accounted for more than half of the global screen and script writing software market share in 2018, and is anticipated maintain the lion's share through 2026. Availability of web-based screen and script writing software with more powerful capabilities has fueled their adoption among the end users which, in turn, has driven the segment growth. Simultaneously, the mobile-based segment would portray the fastest CAGR of 16.6% during the forecast period. A number of renowned vendors in the global market are launching software for mobile devices such as smartphones and tablets, which drives the growth of the segment.
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Based on geography, North America garnered the highest share in 2018, holding nearly half of the global screen and script writing software market. This is due to the presence of presence of a large number of key players in the province. At the same time, the Asia-Pacific region would manifest the fastest CAGR of 17.8% throughout the estimated period. This is attributed to the fact that the region is witnessing a dynamic change in the adoption of analytic solutions and services across multiple verticals.
The screen and script writing software market is dominated by the global screen and script writing software players such as Celtx Inc., Final Draft, Literature and Latte Ltd., Mariner Software, Nuvotech Limited, Storyist Software LLC, StudioBinder Inc., Windward Studios Inc., Write Brothers Inc., and WriterDuet, Inc.
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