North America Video Editing Software Market
No. of Pages: 118 | Report Code: TIPRE00016341 | Category: Technology, Media and Telecommunications
No. of Pages: 118 | Report Code: TIPRE00016341 | Category: Technology, Media and Telecommunications
Despite several advancement in broadcast and media sector resulting in more improved vide quality through integration of improver rendering competencies, animation, AR/VR, recording, and several other have revolutionized the conventional approaches to video content creation. Among these, the video editing based application now utilize the powerful capabilities of advanced as well as sophisticated tools in video editing software. As a result, the market comprises broad range of software packages for video editing application for both commercial as well as personal usage. The product offered by several prominent market players feature powerful rendering tools, flexible tools, customized add-on, and plug-ins among various other features. Hence, the market is poised to provide several numerous profitable business opportunities for the market players during the coming years. Also, Growing craze of online video content at various social media platforms is expected to create a significant demand for video editing software in the coming years, which is further anticipated to drive the North America video editing software market.
Furthermore, COVID-19 is having a very devastating impact over the North America region. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. The US is a prominent market for video editing, especially in the commercial sector. The huge increase in the number of confirmed cases and falling GDP in the country has affected these industries. The companies and business shutdowns across the US, Canada, and Mexico are impacting the adoption of the video editing software market. The swift decline in revenue owing to virtual non-existent demand from media and production houses has limited their spending on procurement of additional technologies altogether across the North America region. North America region is home to a large number of technology companies, and thus the impact of coronavirus outbreak is anticipated to be quite severe in the year 2020 and likely in 2021. However, the impact of COVID-19 is short-term and is likely to decrease by 2022.
Strategic insights for the North America 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$ 635.58 Million |
| Market Size by 2027 | US$ 923.41 Million |
| Global CAGR (2020 - 2027) | 4.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 635.58 million in 2019 to US$ 923.41 million by 2027; it is estimated to grow at a CAGR of 4.9% from 2020 to 2027. The recent advancement in technological capabilities of hardware and video recorders have facilitated the exponential growth of the virtual realities, mixed realities and augmented realities based videos rise in the past few years. Furthermore, the popularity of 360-degree videos also have gained popularity among various leading end-user customers thus 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. Presently, the AR/VA based video content are limited to selected professional end-user base however, it is expected to gain major traction and subsequently poised to provide several lucrative sustainable business opportunities for the market players during the coming forecast period. These developments are further anticipated to bolster the growth of the North America video editing software market.
In terms of type, the on-premises segment accounted for the largest share of the North America video editing software market in 2019. In terms of application, the commercial segment held a larger market share of the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adobe Inc.; Animoto Inc.; Apple Inc.; Autodesk Inc.; Avid Technology, Inc.; Corel Corporation; CyberLink Corp.; InShot Inc.’ Kapwing Inc.; KineMaster Corporation; NCH SOFTWARE; Placeit (Envato Pty Ltd.); Vimeo, Inc.; Wondershare Technology Co., Ltd.
The List of Companies - North America Video Editing Software Market
The North America Video Editing Software Market is valued at US$ 635.58 Million in 2019, it is projected to reach US$ 923.41 Million by 2027.
As per our report North America Video Editing Software Market, the market size is valued at US$ 635.58 Million in 2019, projecting it to reach US$ 923.41 Million by 2027. This translates to a CAGR of approximately 4.9% during the forecast period.
The North America 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 North America Video Editing Software Market report:
The North America Video Editing Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Video Editing Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Video Editing Software Market value chain can benefit from the information contained in a comprehensive market report.
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