Photo Editing Software Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

 Overview

Photo Editing Software Market size is forecast to reach $372.5 million by 2025, after growing at a CAGR of 3.7% during 2020-2025. The advent of smartphones, social media facial recognition, artificial intelligence, and even virtual reality has impacted photo editing software industry. Now-a-days, photographers has enhanced the use of photo editing software for providing image orientation that helps in transforming the image. Furthermore, the increasing innovation in camera technologies, growing need for high-definition quality images and the demand for digital photographs are uplifting the photo editing software market. In addition, the need for special effects including color, tints, digital photographs, image orientation and layered editing so on are anticipating the growth of photo editing software market during the forecast period.


Report Coverage
The report: “Photo Editing Software Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Photo Editing Software Market. 

 
Key Takeaways
  • North America is highly dominating the photo editing software market owing to the increasing presence of social media advertising, availability of fashion houses and the rising sales through e-commerce channels. 
  • The integration of technology such as augmented reality and virtual reality along with intelligent computational algorithm for making images more appealing is also embracing the photo editing software market. 
  • Additionally, the introduction of 3D-imaging tools such as 3D analysis, 3D alignment and 3D smart vision that analyzes the depth of the image and further transforms them is also the most significant factor that is driving the photo editing software market.
  • The increasing use of facial recognition technology along with artificial intelligence is also further enhancing the market growth. 
  • However, the high cost of the latest photo editing software and the lack of availability of free version software will hinder the growth of the photo editing software market.

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Product Type - Segment Analysis
Prosumer level holds the largest share in the photo editing software market in 2019. The latest photo editing software has brought an easy way to edit photographs in one touch editing and also providing with noise reduction editing of images. Moreover, the advent of artificial intelligence has led to the introduction of AI-powered photo editing software which uses machine learning for enhancing images and manipulate the images into desired form. The other major factor that is leading to the growth of the prosumer level segment is the rising use of smartphones. The rise of selfies has also enhanced the photo editing software market, as this has led to the investment in software providing face beauty effects and is especially relying on the AI-driven facial recognition technology for creating more realistic effects. Hence, this development in photo editing has highly encouraged the prosumer level segment which will further propel the photo editing software market.  


End-user - Segment Analysis
The commercial segment is highly influencing the photo editor software market owing to rising use of photo editing software for social media platforms, e-commerce and fashion industries. The commercial segment is also estimated to grow with a CAGR of 21.5% during the forecast period. Majority of fashion houses are increasingly adopting the use of photo editing software for marketing and gaining customer’s attention. Moreover, the social media marketing agencies are increasingly embracing the use of photo editing software for the purpose of developing and optimizing images to make them more appealing. Thus, the rising use of photo editing software for fashion and social media marketing agencies will prove to form a positive impact on the growth of the commercial segment. This development in the commercial end-user segment will further propel the photo editing market in the coming years. 

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