The Video Editing Software Market was valued at US$ 1,942.97million in 2019 and is projected to reach US$ 3,047.57million by 2027; it is expected to grow at a CAGR of 5.9% from 2020 to 2027.

The video editing software continues to provide robust, efficient and powerful tools for professional as well as commercial media management based end-users who utilize the application of these software for development of seamless videos. Over the years, the prominent market players continue to develop improved as well as superior video editing software comprising sophisticated. Currently, the video editing software provide broad range of tools and controls for video editing related operations such as rendering power, organizing complex projects, color grading panels, and optical flow among other features remain popular among several leading, emerging desktop based video editing platforms. Whereas, the cloud-based software application lacks the complexity as well as competent features it provides core video editing capabilities via a cloud environment for subscription-based business models. Additionally, the video editing software owing to their functional requirement in video content management across the broadcast, media, video advertisement and selected other industries is expected to continue to provide steady business growth opportunities for the Video Editing Softwaremarket players during the coming years.

Impact of COVID-19 Pandemic on Video Editing Software Market

The ongoing global pandemic COVID-19 continues to bring long terms disruption across several major IT as well as technology sectors. For instance, several IT and other major technologies firms are anticipating in lower number business contracts across numerous industrial verticals however, selected others have witnessed limited or negligible impact of the pandemic. For instance, service industries such as media & broadcast, entertainment, education, and selected others have witnessed cautious sending towards procurement of advanced or additional technologies for improved business function. As a result, the market witness lower demand owing to disruption of media recording was discontinued across entertainment, sports, advertisement and selected other verticals. Thus, the overall market registered limited decline in demand and is set to recover swiftly as the economic activities have resumed in major economies.

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Companies

Vimeo, Inc.
Wondershare Technology Co., Ltd.
Softo ltd. (Clideo & Convertio)
Clipchamp Pty Ltd.
Kapwing Inc.
Animoto Inc.
Biteable Pty Ltd.
Placeit (Envato Pty Ltd.)
Pixiko
Renderforest
PearlMountain Limited (FlexClip)
KineMaster Corporation
Avid Technology, Inc.
Corel Corporation
CyberLink Corp
FXhome Limited
NCH SOFTWARE
Adobe Inc.
Apple, Inc.
Autodesk, Inc.
Lightricks Ltd. (Videoleap)
InShot lnc.
Bending Spoons S.p.A. (Splice)
VivaVideo

The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In July 2020, Animoto Inc. is officially launching Animoto 3 on August 24, 2020. Animoto 3 gives the flexibility to create attention-grabbing videos, easily and quickly.

In May 2019, Renderforest has announced a partnership with Joomla. This partnership program helps the Renderforest mission to advance graphics content creation.

Global Video Editing Software Segments:

Video Editing Software Market – By Type

On-Premise
Cloud-Based

Video Editing Software Market – By Application

Commercial
Personal

Video Editing Software Market – By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia Pacific (APAC)
Australia
China
India
Japan
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South America (SAM)
Brazil
Rest of SAM

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