Photo Editing Software Market is expected to reach US$ 1,267.7 Mn by 2027

The photo editing software market size is expected to reach US$ 1,267.7 million by 2027, registering at a CAGR of  6.4% during the forecast period of 2020 to 2027, according to a new research study conducted by The Insight Partners.

Use of photo editing software for commercial projects is anticipated to drive the market at CAGR of 6.4%during 2020–2027

The report highlights the key factors driving the market growth, and prominent players and their developments in the market.

Broad communities of users take advantage of photo editing apps for commercial projects. Considering the fact that images play a vital part in business, majorly in the marketing world, the use of photo editing software is essential.Companies are conducting their business online with the help of paid ads and social media posts. The rising demand for graphic content for marketing campaigns is contributing heavily towards the use of photo editing software. In context to its consumers, visual users, photographers, artists, and other professionals make use of various photo editing software such as Adobe, PicMonkey, Adobe Photoshop, and GIMP.Additionally, broad array of SMEs and large enterprises, company professionals, and individuals are using photo editing software.The global commercial segment is expected to reach US$ 609.1 million by 2022, which is expected to create a significant global demand for photo editing.

ACD Systems International Inc.; Adobe; Corel Corporation; CyberLink Corp; DXO; Inmagine Group; ON1; Phase One A/S; Serif (Europe) Ltd.; and Skylumare among the leading players operating in the photo editing software market.

COVID-19 Impact on Photo Editing Software Market

According to the World Health Organization (WHO) report, the US, Brazil, India, and Russia are some of the worst affected countries due to the COVID-19 outbreak. The COVID-19 crisis is anticipated to have a positive impact on the market in 2020. Photography and photo editing industry has been flourishing at an impressive pace in the countries due to its high adoption among commercial and individual end users. With a large number of companies continuing to adopt remote working and increasing demand for online work flow, the need for advanced photo editing tools has increased among end users in the past few months.

Photo Editing Software Market: Regional Markets,2019 (%)

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Photo Editing Software Market Key Findings and Share by 2031

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Photo Editing Software Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Entry Level, Prosumer Level, and Professional Level); Platform (macOS, Windows, Android, and iOS); End User (Individual and Commercial); and Geography

The Report Segments the Global Photo Editing Software Market as Follows:

By Type

• Entry Level
• Prosumer Level
• Professional Level

By End User

• Individual
• Commercial

By Platform

• macOS
• Windows
• Android
• iOS

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM