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Audio and Video Editing Software Market: Comprehensive Market Size Analysis, Significant Trends, and Growth Outlook Driven by Creative Demand
Audio And Video Editing Software Market
As per the report, the audio and video editing software market size has grown rapidly in recent years. It will grow from $3.11 billion in 2023 to $3.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. 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%.
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Navigating The Rise Of Editing Software In The Social Media Era
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.
Advancements In Editing Software With AI Integration By Wondershare
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 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
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Major companies operating in the audio and video editing software market report are Apple Inc., Microsoft Corporation, Sony Corporation, Adobe Inc., Autodesk Inc., Zynga Inc., Grass Valley LLC, Nemetschek Group, Avid Technology Inc., Blackmagic Design Pty Ltd., Acronis International GmbH, Wondershare Technology Group Co. Ltd., Corel Corporation - Alludo, MAGIX Software GmbH, TechSmith Corporation, Movavi Software Limited, CyberLink Corporation, Steinberg Media Technologies GmbH, Animoto Inc., Sonic FoundryInc., iZotope Inc., Topaz Labs, Nero AG, BandLab Technologies, Boris FX Inc.
Contents of the report:
1. Executive Summary
2. Audio And Video Editing Software Market Report Structure
3. Audio And Video Editing Software Market Trends And Strategies
4. Audio And Video Editing Software Market - Macro Economic Scenario
5. Audio And Video Editing Software Market Size And Growth
…..
27. Audio And Video Editing Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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