Global Editing Tool Market Overview:
Editing tools are used to edit graphics, videos, images, or documents. The rapidly growing film industry and gaming industry across the globe has accelerated the demand for editing tools to give visual effects to videos and images. Further, the growing environmental awareness and emerging trend of paperless systems across businesses will boost the demand for editing software to create, manage, and edit documents or files. The penetration of mobile devices like smartphones and tablets will create significant opportunities for image editing tools in the nearer future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of AI-Powered Writing Intelligence and Multiple Language Support in the Editing Tools
Market Growth Drivers:
Rapidly Growing Photo and Video Editing Trend to Develop Professional-Level Video or Graphics and Increased Application of VFX Technology in the Media & Entertainment Industry and Digital Transformation of Business
Challenges:
Some Editing Tools Take Longer Time for Rendering After Effects and Limited Exporting or Downloading Files
Restraints:
High Cost Associated with Editing Tools Can affect the Market
Opportunities:
Increasing Demand for Cross-Platform Editing Tools with Advanced Features and Surging Demand of Coding Due to High Adoption of Technological Advancements Across Various Industry Verticals
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Adobe Inc. (United States), Canva (Australia), Serif Ltd (United Kingdom), Autodesk (United States), Microsoft Corporation (United States), Skylum (United States), DxO (France), Corel Corporation (Canada), ON1 (United States), Apple Inc. (United States), Visual Supply Company (United States), Google (United States), Pixar (United States), CKSource (Poland), Blackbird plc (United Kingdom) and EditShare (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Editing Tool market by 2030. Considering Market by Platform, the sub-segment i.e. Windows will boost the Editing Tool market. Considering Market by End-user, the sub-segment i.e. Educational Institutions will boost the Editing Tool market. Considering Market by Deployment, the sub-segment i.e. Cloud will boost the Editing Tool market.
Latest Market Insights:
In September 2021, Microsoft announced the acquisition of Australia-based video editing software startup, Clipchamp to strengthen its productivity tools. Clipchamp offers web-based video creation and editing software to the various end-users and also allows to cut or trim videos or zoom or google meet.
In December 2023, Grammarly acquired ProWritingAid, this major consolidation in the grammar-checking space brings together two popular tools with distinct strengths. Grammarly boasts AI-powered writing suggestions, while ProWritingAid excels in advanced grammar and style checks. The combined entity aims to offer a comprehensive editing solution for all types of writers.
What Can be Explored with the Editing Tool Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Editing Tool Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Editing Tool
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Editing Tool market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Editing Tool market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Editing Tool Providers, Venture Capitalists and Private Equity Firms, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.