Photo Editing Software Market: 36% of Growth to Originate from North America | Industry Analysis, Market Size, Share, Trends, Segmentation Analysis, Growth and Forecast 2020 - 2024

NEW YORK, March 21, 2022 /PRNewswire/ -- The Photo Editing Software Market offers a comprehensive analysis on new product launches, the latest trends, and the segmentation analysis.

The market value is set to grow by USD 394.39 million, progressing at a CAGR of 8% from 2019 to 2024, as per the latest report by Technavio

Download Free sample Report for more insights on Photo Editing Software Market that will help companies evaluate and develop growth strategies for 2020-2024

Regional Analysis & Forecasts
The market is segmented by Geography into the following regions: North America, Europe, APAC, South America, and MEA. 

36% of the market's growth will originate from North America 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 the South American and MEA regions.

The rise in social media advertising, presence of major fashion houses, and the growth of the online advertising market will facilitate the photo editing software market growth in North America over the forecast period.

Request for a FREE sample now! for more insights on the market share of various regions

Company Profiles
The photo editing software market report offers information on several market vendors, including ACD Systems International Inc., Adobe Inc., Alphabet Inc., Apple Inc., Corel Corp., CyberLink Corp., DxO Labs, Inmagine Group, Lightricks Ltd., and Samsung Electronics Co. Ltd. among others. Moreover, the market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• ACD Systems International Inc.- The company offers ACDSee Photo Editor 10. The product is used for editing original photos and enhancing photos with pixel-based editing tools, precision targeting, filters and adjustments, and drawing elements.
• Corel Corp.- The company offers PaintShop Pro 2021 Ultimate. It is an all-in-one photo editing and design software featuring advanced photo editing and graphic design tools from Corel.
• DxO Labs- The company offers DxO PhotoLab 4. It is a raw processing and image-editing program that specialises in high-quality lens corrections and advanced RAW processing.

Download Our FREE Sample Report for more insights on vendor with product offerings & news

Market Dynamics
The increasing smartphone penetration coupled with rising applications of AI in photo editing process is notably driving the photo editing software market growth, although factors such as the availability of free photo editing software may impede the market growth. 

Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Download Our FREE Sample Report to uncover new strategies to make the most of future growth opportunities.

Market Segmentation

• By end-user (commercial and personal). The photo editing software market vendors should focus on grabbing business opportunities from the Commercial Segment as it accounted for the largest market share in the base year.
• By geography (North America, Europe, APAC, South America, and MEA). North America will register the highest growth rate among the other regions. Therefore, the photo editing software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

Download Our FREE Sample Report to unlock more information on key regions and revenue-generating segments.

Related Reports
Audio and Video Editing Software Market by End-user and Geography - Forecast and Analysis 2021-2025: The audio and video editing software market size has the potential to grow by USD 1.97 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 9.02%. To get more exclusive research insights: Download Our FREE Sample Report

Music Production Software Market by Type, End-user, and Geography - Forecast and Analysis 2021-2025: The music production software market has the potential to grow by USD 296.27 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 7.71%. To get more exclusive research insights: Download Our FREE Sample Report

Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Commercial - Market size and forecast 2019-2024
• Personal - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ACD Systems International Inc.
• Adobe Inc.
• Alphabet Inc.
• Apple Inc.
• Corel Corp.
• CyberLink Corp.
• DxO Labs
• Inmagine Group
• Lightricks Ltd.
• Samsung Electronics Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/photo-editing-software-market-36-of-growth-to-originate-from-north-america--industry-analysis-market-size-share-trends-segmentation-analysis-growth-and-forecast-2020---2024-301505641.html

SOURCE Technavio