North America Photo Editing Software Market

Market Introduction

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. Adobe Photoshop, Adobe Photoshop Lightroom, CyberLink PhotoDirector, ACDSee Ultimate, Corel PaintShop Pro, and Skylum Luminar are some of the most popular photo editing software in the market today. The availability of innovative photo editing software for a wide variety of operating systems ranging from macOS, windows, android, iOS, and iPadOS in desktops, laptops, smartphones and tablets is fuelling the growth of North America photo editing software market. In terms of COVID-19 outbreak, the US is the world’s worst affected country presently with more than 7.81 million confirmed cases and more than 3,13,000 deaths, as per the recent WHO Situation Report- 184 (22^nd July 2020). However, with more and more companies continuing to adopt remote working and increasing consumption/demand for online content/social media, the demand for advanced photo editing tools among end-users has seen an increase in the past few months. The COVID 19 outbreak has a huge positive impact on the growth of some industries such as video conferencing, desktop virtualization, and online media & entertainment streaming. Hence, it is anticipated that COVID-19 crisis will impact the growth in a positive manner.

North America Photo Editing Software Strategic Insights

Strategic insights for the North America Photo 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.

North America Photo Editing Software Report Scope

North America Photo Editing Software Regional Insights

The geographic scope of the North America Photo 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 photo editing software market in North America is expected to grow from US$ 263.6 million in 2019 to US$ 430.8 million by 2027; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027. The rising disposable income, increasing population, and growing demand for smart consumer devices are some of the key factors that are driving the growth of North America consumer electronics market. The developing countries across the globe are experiencing a substantial increase in the number of smartphone and digital camera users. This is majorly attributed to the rise in the availability of low-cost smartphones and digital cameras. These products are embedded with high-end technologies, which enable users to use, access, and create high quality content on these devices. Owing to this, the photography industry and photo editing software industry is growing at an impressive pace.    

Key Market Segment

In terms of type, the professional level segment accounted for the largest share of the North America photo editing software market in 2019. Numerous types of photo editing software are available for professionals across the market and professionals segment contributed the largest revenue share in the North America photo editing software market. Adobe Photoshop, Photoshop Elements, and Luminar 4 are some of the software developed for professional photographers. This software is integrated with advanced capabilities to fulfill the demand of professional photo editors. In terms of platform, Windows segment accounted for the largest share of the North America photo editing software market in 2019. Further, in terms of end user, commercial segment accounted for the largest share of the North America photo editing software market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the photo editing software market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ACD Systems International Inc., Adobe, Corel Corporation, CyberLink Corp, Inmagine Group, ON1, and Skylum.  

Reasons to buy report

• To understand the North America photo editing software market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America photo editing software market
• Efficiently plan M&A and partnership deals in North America photo editing software market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America photo editing software market
• Obtain market revenue forecast for market by various segments from 2020-2027 in North America.

North America Photo Editing Software Market Segmentation

By Type

• Entry Level
• Prosumer Level
• Professional Level

By Platform

• macOS
• Windows
• Android
• iOS

By End User  

• Individual
• Commercial

By Country

• US
• Canada
• Mexico   

Company Profiles

• ACD Systems International Inc.
• Adobe
• Corel Corporation
• CyberLink Corp 
• INMAGINE GROUP
• ON1
• Skylum