North America Photo Editing Software Market to Grow at a CAGR of 6.4% to reach US$ 430.8  Million from 2020 to 2027

The photo editing software market in North America is expected to grow from US$ 263.6 million in 2019 to US$ 430.8 million by 2027; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027.

North America consumer electronics industry is witnessing an impressive growth rate in both developed and developing countries majorly due to continuous technology advancements and increasing affordability of these devices. Smartphones, cameras, laptops, and tablets have become an integral part of consumer lives. All these devices are becoming smarter with the ongoing technological advancements especially in functionality and camera systems due to integration of technologies such as AI and IoT. The rising disposable income, increasing population, and growing demand for smart consumer devices are some of the key factors that are driving the growth of North America consumer electronics market. The developing countries across the globe are experiencing a substantial increase in the number of smartphone and digital camera users. This is majorly attributed to the rise in the availability of low-cost smartphones and digital cameras. These products are embedded with high-end technologies, which enable users to use, access, and create high quality content on these devices. Owing to this, the photography industry and photo editing software industry is growing at an impressive pace. End users are increasingly investing in smart camera devices for taking and editing photographs for personal as well as professional purposes. Hence, pertaining to the growing adoption of smartphones and digital cameras among customers, photo editing software companies are investing in creating software with advanced features to capture the growing customer base North America. Thus, the rising demand of consumer electronics products especially smartphones and digital cameras and their use for photography purposes is anticipated to drive the North America photo editing software market from 2020 to 2027.

Photo editing is being widely used by professionals and commercial users in industries such as fashion, news & media, social media, and entertainment for various purposes such as marketing and advertising among others. A photo editing software provides users with various tools to enhance visual excellence of a photo such as facial recognition which is based on Artificial Intelligence technology. Artificial intelligence and its applications have been growing tremendously over the last few years in diverse industry verticals.  AI is being utilized in numerous sectors ranging from retail, food & beverages, automotive to consumer electronics. Photo editing software market players are also gaining tremendously by using AI to offer enhanced capabilities in their software products. For instance, Skylum’s Luminar 4, Photolemur 3, Aurora HDR, Topaz Studio, and Photo.ai are some of the key AI-based photo editors available for various devices. The integration of AI capabilities in photo editing software shows the huge growth potential in the photo editing software market and it is anticipated to drive the future growth of the market from 2020 to 2027.

The COVID 19 outbreak has a huge positive impact on the growth of some industries such as video conferencing, desktop virtualization, and online media & entertainment streaming. Hence, it is anticipated that COVID-19 crisis will impact the growth of the market in a positive manner.

North America Photo Editing Software Market Revenue and Forecast to 2027 (US$ Million)

North America Photo Editing Software Market Segmentation

North America Photo Editing Software Market, by Type

• Entry Level
• Prosumer Level
• Professional Level

North America Photo Editing Software Market, by Platform

• macOS
• Windows
• Android
• iOS

North America Photo Editing Software Market, by End User 

• Individual
• Commercial  

North America Photo Editing Software Market-Companies Mentioned

• ACD Systems International Inc.
• Adobe
• Corel Corporation
• CyberLink Corp 
• INMAGINE GROUP
• ON1
• Skylum        

North America Photo Editing Software Market Report Scope