Asia-Pacific Video Editing Software Market
No. of Pages: 119 | Report Code: TIPRE00016244 | Category: Technology, Media and Telecommunications
No. of Pages: 119 | Report Code: TIPRE00016244 | Category: Technology, Media and Telecommunications
The demand for video content is also witnessing high growth across the APAC region. According to Tubular Lab’s 2019 report ‘State of Online Video Report (SOOV),’ APAC is the fastest-growing geographical market for video consumption. The report stated that YouTube views in the region grew 45% in the first half of 2019 as compared to the first half of 2018. Also, Facebook views witnessed a rise of 44%. The growth is highly attributed to the rising penetration of smartphone users in the region. The consumption of web-based video content is driven by both creation of new content services as well as increased variation by competing for video technologies. The OTT demand is pushing video industry players to adopt innovative technologies to compete in a highly competitive market. Several existing players are also moving toward OTT. For instance, in 2019, PCCW Media, Hong Kong, launched Now E, its new OTT TV platform. Furthermore, countries such as Indonesia and Malaysia are witnessing high demand for OTT content. Apart from OTT, the traditional broadcast and Pay-TV demand are also flourishing. Further, influencer marketing is booming in the region due to the rising use of social media, creating demand for video editing software. Also, Rising Urge of video editing software due to popularity of online video content on social media channels is expected to create a significant demand for video editing software in the coming years, which is further anticipated to drive the APAC video editing software market.
Furthermore, COVID-19 is having a negative impact over APAC region. APAC region constitutes the two most populated countries China and India, along with the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income. India is worst hit country by COVID-19 in APAC. The China region imposed strict lockdown and social isolation which virtually disrupted the business operations of considerably advertising agencies and media houses for several weeks resulting in lack of new business contracts for the numerous market players. Similarly, India also imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases across the country. As a result, the subsequent lockdown and disruption of numerous IT companies and technology providers across China and India respectively has contributed significantly over their spending on new technologies for audio and video management solutions impacting the market growth across the APAC region. The governments are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns, travel, and trade bans. All these measures are expected to impact the adoption and growth of video editing software, especially in the commercial sector in 2020 and 2021.
Strategic insights for the Asia-Pacific Video Editing Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 511.98 Million |
| Market Size by 2027 | US$ 908.18 Million |
| Global CAGR (2020 - 2027) | 7.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia-Pacific Video Editing Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The video editing software market in APAC is expected to grow from US$ 511.98 million in 2019 to US$ 908.18 million by 2027; it is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The recent advances in hardware and video recorders' technical capabilities have enabled the rapid growth in videos focused on virtual reality, mixed reality and augmented realities over the past few years. In addition, among numerous leading end-user clients, the popularity of 360-degree videos has also gained popularity, witnessing the demand for such video content. . As a result, several leading video editing software have explored or integrated specialized tools and features for editing AR/VR or 360-degree based video content editing into their existing software solutions. For instance, in 2018 Google introduced its VR180 Creator tool for Mac and Linux based operating systems that enabled the user for seamless editing of VR based videos captured through Google’s VR VR180 camera. The AR / VA-based video content is currently limited to the selected skilled end-user base, but within the next forecast period it is anticipated to gain considerable momentum and consequently prepared to provide market players with many lucrative sustainable business opportunities. Popularity of video content based on AR and VR to extend the commercial spectrum of applications which is further anticipated to bolster the growth of the APAC video editing software market.
In terms of type, the on-premises segment accounted for the largest share of the APAC video editing software market in 2019. In terms of application, the commercial segment held a larger market share of the APAC video editing software market in 2019.
A few major primary and secondary sources referred to for preparing this report on the video editing software market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adobe Inc.; Apple Inc.; Autodesk Inc.; Avid Technology, Inc.; Biteable Pty Ltd.; Corel Corporation; Clipchamp; CyberLink Corp.; KineMaster Corporation; NCH SOFTWARE; PearlMountain Limited; Renderforest; VivaVideo; Wondershare Technology Co., Ltd.
The Asia-Pacific Video Editing Software Market is valued at US$ 511.98 Million in 2019, it is projected to reach US$ 908.18 Million by 2027.
As per our report Asia-Pacific Video Editing Software Market, the market size is valued at US$ 511.98 Million in 2019, projecting it to reach US$ 908.18 Million by 2027. This translates to a CAGR of approximately 7.5% during the forecast period.
The Asia-Pacific Video Editing Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Video Editing Software Market report:
The Asia-Pacific Video Editing Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Video Editing Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Video Editing Software Market value chain can benefit from the information contained in a comprehensive market report.
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