The Audio And Video Editing Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Audio And Video Editing Software Global Market Report 2024, The audio and video editing software market size is expected to see strong growth in the next few years. It will grow to $4.60 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing demand for user-friendly interfaces, rise of remote and collaborative workflows, integration of artificial intelligence (AI) and automation, growing importance of mobile editing, expansion of virtual and augmented reality (VR/AR) content. Major trends in the forecast period include AI and machine learning integration, cloud-based editing platform, immersive and spatial audio edition, increased integration of collaboration tool, mobile editing capabilities.
The increasing social media usage is expected to propel the growth of the audio and video editing software market going forward. The widespread availability of smartphones and affordable internet plans has made social media more accessible. Audio and video editing software enhances social media content by allowing creators to refine and tailor the multimedia messages for impactful, engaging, and professional presentations. For instance, in February 2023, according to Avocado Social, a UK-based social media marketing consultancy, social media users increased by 424 million in 2022, representing a growth rate of over 10%, reaching a total of 4.6 billion worldwide in 2021. Therefore, increasing social media usage is driving the growth of the audio and video editing software market.
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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
Major companies operating in the audio and video editing software market are focused on developing innovative solutions such as video editing software to increase their profitability in the market. This software uses machine learning algorithms and AI technologies to automate, enhance, and streamline editing processes, including tasks such as noise reduction, content analysis, and effect application. For instance, in January 2024, Wondershare Technology Group Co. Ltd., a China-based software company, launched filmora 13.1.0. The software advances video editing capabilities with AI-enhanced audio features, including an expanded AI music generation library, more natural text-to-speech voices, and richer customization. It introduces 30+ new natural tones and atmospheric sound adjustments, allowing for more realistic voiceovers.
The audio and video editing software market report table of contents includes:
- Executive Summary
- Audio And Video Editing Software Market Characteristics
- Audio And Video Editing Software Market Trends And Strategies
- Audio And Video Editing Software Market – Macro Economic Scenario
- Global Audio And Video Editing Software Market Size and Growth
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- Global Audio And Video Editing Software Market Competitive Benchmarking
- Global Audio And Video Editing Software Market Competitive Dashboard
- Key Mergers And Acquisitions In Audio And Video Editing Software Market
- Audio And Video Editing Software Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Apple Inc.
- Microsoft Corporation
- Sony Corporation
- Adobe Inc.
- Autodesk Inc.
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