Press release
Audio And Video Editing Software Industry Outlook 2025-2029: Market Set to Cross $4.98 Billion Milestone
Audio And Video Editing Software
How Large Will the Audio And Video Editing Software Market Size By 2025?
In recent times, the market size for audio and video editing software has shown considerable growth. It is projected to expand from $3.38 billion in 2024 to $3.65 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth over the historical period include the boom in multimedia and internet use, the democratization of content creation, and the burgeoning digital media and entertainment sectors.
How Big Is the Audio And Video Editing Software Market Size Expected to Grow by 2029?
In the coming years, the market for audio and video editing software is projected to experience robust growth, with predictions suggesting it will reach $4.98 billion by 2029, representing a compound annual growth rate (CAGR) of 8.1%. This projected growth during the forecast period can be traced back to a growing demand for user-friendly interfaces, rising popularity of remote and collaboration-centric work processes, incorporation of artificial intelligence (AI) and automation technologies, increasing significance of mobile editing, and the burgeoning expansion of virtual and augmented reality (VR/AR) content. The forecast period is also expected to see trends such as the integration of AI and machine learning, the emergence of cloud-based editing platforms, advancements in immersive and spatial audio editing, and the rise of collaboration tools and mobile editing capabilities.
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Which Key Market Drivers Powering Audio And Video Editing Software Market Expansion and Growth?
The anticipated rise in the utilization of social media is projected to catalyze the expansion of the audio and video editing software market. The ubiquitous presence of smartphones and the affordability of internet packages have made social media more reachable. By offering creators the ability to refine and personalize multimedia messages, the audio and video editing software adds value to social media content, thus creating more engaging, impactful, and professional outputs. As an example, Avocado Social, a social media marketing agency based in the UK, disclosed that in February 2023, the number of social media users escalated by 424 million in 2022, which signifies a growth rate of over 10%, culminating in a total of 4.6 billion globally in 2021. Consequently, the surge in social media usage is fueling the expansion of the audio and video editing software market.
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Which Fast-Growing Trends Are Poised to Disrupt the Audio And Video Editing Software Market?
Core players in the audio and video editing software market, such as Wondershare Technology Group Co. Ltd., are investing in the development of cutting-edge solutions like video editing software to enhance their market profitability. These software tools utilize machine learning and AI tech to upgrade, optimize, and streamline the editing processes, including effect application, noise deducting, and content examination. For example, in January 2024, the China-based software firm Wondershare rolled out filmora 13.1.0. This software upgrades video editing with AI-boosted audio attributes, including a larger AI music-making library, superior text-to-speech voices, and enriched customization. It introduces more than 30 new natural tones and atmospherical sound alterations, catering for more authentic voiceovers.
What Are the Emerging Segments in the Audio And Video Editing Software Market?
The audio and video editing software market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Professional Users, Non-Professional Users
4) By End-User: Live Broadcasting, Media And Entertainment
Subsegments:
1) By Solution: Audio Editing Software, Video Editing Software, Audio-Visual Editing Software, Live Streaming Software
2) By Services: Installation Services, Maintenance And Support Services, Consulting Services, Training Services
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Who Are the Global Leaders in the Audio And Video Editing Software Market?
Major companies operating in the audio and video editing software market report are Apple Inc., Microsoft Corporation, Sony Corporation, Adobe Inc., Autodesk Inc., Zynga Inc., Grass Valley LLC, Nemetschek Group, Avid Technology Inc., Blackmagic Design Pty Ltd., Acronis International GmbH, Wondershare Technology Group Co. Ltd., Corel Corporation - Alludo, MAGIX Software GmbH, TechSmith Corporation, Movavi Software Limited, CyberLink Corporation, Steinberg Media Technologies GmbH, Animoto Inc., Sonic FoundryInc., iZotope Inc., Topaz Labs, Nero AG, BandLab Technologies, Boris FX Inc.
Which are the Top Profitable Regional Markets for the Audio And Video Editing Software Industry?
North America was the largest region in the audio and video editing software market in 2024. The regions covered in the audio and video editing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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