Press release
Prominent Creative Software Market Trend for 2025: TechSmith Revolutionizes Content Creation With AI-Powered Features In Audiate Audio Recorder And Text Editing Solution
Creative Software
The rapid expansion of the education sector is expected to drive the creative software market. The education sector is growing as demand for knowledge and skills increases in a globalized economy. Creative software is used to enhance teaching and learning experiences, supporting the education sector's goals. For example, the Office for National Statistics reported in November 2023 that over 10 million pupils attended maintained schools in the UK in 2022/23, marking a 0.7% increase from the previous year. Therefore, the expansion of the education sector is driving the growth of the creative software market.
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How will the growth rate of the creative software market shape industry trends by 2034?
The creative software market has grown rapidly in recent years. It will expand from $13.95 billion in 2024 to $15.42 billion in 2025, with a CAGR of 10.5%. The rise in cyberattacks, the shift to remote work, the increasing popularity of audio and video streaming services, the demand for digital content, and the shift toward cloud-based creative software solutions have driven this growth.
The creative software market is anticipated to grow rapidly, reaching $22.67 billion by 2029 at a CAGR of 10.1%. This growth is attributed to the rising demand for transcoding methods, on-demand services, digitization, creative software, and immersive content experiences. Trends include AI integration, AR and VR capabilities expansion, collaborative tool development, blockchain in digital rights management, and personalization.
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What trends are poised to drive the future success of the creative software market?
Companies in the creative software market are advancing with generative AI-based editing tools. These tools use artificial intelligence algorithms to automate and improve content creation and editing. In November 2023, TechSmith Corporation, a US-based software company, introduced AI-driven features in its Audiate audio editing software. These features include script generation, voiceover capabilities, and multilingual support, making the software useful for a variety of industries such as video production and marketing.
Which primary segments of the creative software market are driving growth and industry transformations?
The creative software market covered in this report is segmented -
1) By Type: Sound And Video Recording Software, Image And Video Editing Software, Graphics And Illustration Software, Desktop Publishing Software, Other Types
2) By Deployment: Cloud, On-Premises
3) By Industry Vertical: Telecommunication, Retail And E-Commerce, Education, Travel And Tourism, Media And Entertainment, Other Industry Verticals
Subsegments:
1) By Sound And Video Recording Software: Audio Editing Software, Audio Recording Software, Video Recording Software, Video Editing Software
2) By Image And Video Editing Software: Photo Editing Software, Video Editing Software, 3D Rendering And Animation Software, Visual Effects (VFX) Software
3) By Graphics And Illustration Software: Vector Graphics Software, Raster Graphics Software, 3D Modeling Software, Digital Drawing Or Illustration Software
4) By Desktop Publishing Software: Page Layout Software, Typography Software, E-Book Creation Software, Print Production Software
5) By Other Types: Motion Graphics Software, Web Design Software, UI Or UX Design Software, Game Design And Development Software, AR Or VR Design Software
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Which geographical regions are pioneering growth in the creative software market?
North America was the largest region in the creative software market in 2023. The regions covered in the creative software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the creative software market landscape?
Major companies operating in the creative software market are Apple Inc., Alphabet Inc., Microsoft Corporation, Meta Platforms Inc., Adobe Systems Inc., Autodesk Inc., Wondershare Technology Group Co. Ltd., Wacom Co. Ltd., Corel Corporation, MAGIX Software GmbH, TechSmith Corporation, Movavi Software Limited, CyberLink Corp., Avid Technology Inc., Nero AG, Blackmagic Design Pty. Ltd., Quark Software Inc., Artlist UK Limited, Macromedia Inc., Sony Creative Software Inc.
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What Is Covered In The Creative Software Global Market Report?
•Market Size Forecast: Examine the creative software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the creative software market for a structured understanding.
•Key Players Overview: Analyze major players in the creative software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the creative software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the creative software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the creative software market.
•Industry Challenges: Identify potential risks and obstacles affecting the creative software market.
•Competitive Landscape: Review strategic developments in the creative software market, including expansions, agreements, and new product launches.
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