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NEW YORK, June 24, 2022 /PRNewswire/ — The “Photo Editing Software Market by End-user and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the photo editing software market between 2021 and 2026 is USD 542.87 millionas per the latest market analysis report by Technavio. The report also predicts the market to witness an accelerating growth momentum at a CAGR of 9.27% during the forecast period. The increasing smartphone penetration owing to the availability of low-cost smartphones is one of the key factors influencing the market growth positively. However, one of the key challenges to the global photo editing software market growth is the availability of free photo editing software.
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The photo editing software market report is segmented by End-user (Commercial and Personal) and Geography (North America, EuropeAPAC, South Americaand Middle East and Africa).
- The commercial end-user segment held the largest photo edition software market share in 2021. The segment will continue to account for the highest revenue throughout the forecast period. The growth is attributed to the significant increase in the use of social media platforms such as Instagram , Facebook Messenger, WhatsApp, and Snapchat and the growth of the e-commerce and fashion industries.
- North America will be the leading region with 37% of the market’s growth during the forecast period. The US is the key market for photo editing software in North America. Market growth in this region will be faster than the growth of the market in South America and MEA. The rise in social media advertising, the presence of major fashion houses, growth of the online advertising and e-commerce market, and growth of SMEs in countries such as the US will facilitate the photo editing software market growth in North America over the forecast period.
View sample report for insights into the contribution of all the segments and regional opportunities
Vendor Landscape
- The photo editing software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- To make the most of the opportunities and recover from post pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
- The photo editing software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Top Companies Mentioned with their Offerings
- ACD Systems International Inc.: The company offers photo editing software that includes Photo Studio Ultimate 2022, Photo Studio Professional 2022, Photo Studio Home 2022, Photo Studio for Mac 8, Gemstone Photo Editor 12.
- Adobe Inc.: The company offers photo editing software that includes photoshop and adobe services, photoshop on the iPad, photoshop on the web beta, cloud documents, web, screen, and app design, image and color basics, layers, image repair and restoration, image transformations, drawing and painting.
- Alphabet Inc.: The company offers photo editing software that includes variety of effects such as webcam capture, open and save to drive, rotate, crop image, flip vertical, flip horizontal, gray scale, brightness, brown, sepia, dawn, pink, negative, blur, emboss, sharpen, Laplacian.
- Apple Inc.: The company offers photo editing software that includes macOS monetary 12, macOS big sur 11.0, macOS Catalina 10.15, macOS Mojave 10.14.
- Corel Corp.: The company offers photo editing software that includes CorelDraw graphics suite, CorelDraw standard 2021, CorelDraw essentials 2021, CorelDraw store edition, CorelDraw technical suite edition.
Some other companies covered in the report are:
- CyberLink Corp.
- DxO Labs
- Inmagine Group
- Lightricks Ltd.
- MAGIX Software GmbH
- ON1
- PhotoUp Inc.
- PicsArt Inc.
- Polarr
- Samsung Electronics Co. Ltd.
- Serif (Europe) Ltd.
- Skylum Software USA Inc.
- ZONERA Inc.
- Afterlight Collective Inc.
- Capture One
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Related Reports:
ePedigree Software Market by Deployment and Geography – Forecast and Analysis 2021-2025
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Full story available on Benzinga.com
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