The photo editing software market size is projected to reach US$ 448.06 million by 2031 from US$ 313.51 million in 2023. The market is expected to register a CAGR of 4.6% in 2023–2031. The presence of facial recognition technology empowered with artificial intelligence is likely to remain a key photo editing software market trend.
Photo Editing Software Market Analysis
The photo editing software market is growing at a rapid pace due to the growing number of internet and smartphone users and the growing demand for digital photographs among consumers. The market is expanding steadily, driven by the increasing need for high-definition quality images from individual and commercial uses. Moreover, the integration of augmented (AR) and virtual reality (VR) technologies in photo editing and the rising usage of computational algorithms in photo editing software are providing lucrative opportunities for market growth.
Photo Editing Software Market Overview
Photo editing software is a digital photo application that allows users to crop, repair, and organize their photos as per requirement. The software can take scanned photographs of old film photography and convert them to digital images. These images are further digitally restored by removing defects and improving image quality. The demand for special effects in photos, including color, tints, image orientation, digital photographs, and layered editing, among others, is fueling the market throughout the forecast period.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Photo Editing Software Market: Strategic Insights
Market Size Value in US$ 773.3 Million in 2019 Market Size Value by US$ 1,267.7 Million by 2027 Growth rate CAGR of 6.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Photo Editing Software Market: Strategic Insights
| Market Size Value in | US$ 773.3 Million in 2019 |
| Market Size Value by | US$ 1,267.7 Million by 2027 |
| Growth rate | CAGR of 6.4% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Photo Editing Software Market Drivers and Opportunities
Growing Number of Internet and Smartphones Users is Driving the Market
A growing number of the internet increases the demand for smartphones among consumers across the globe is driving the market. The internet and smartphones are two of the primary factors fueling the market. The growing number of smartphone users is associated with social media influence, surging the demand need for photo editing software among consumers. Moreover, the rising popularity of smartphones encourages market vendors to develop photo editing software specifically designed for smartphones. Smartphone manufacturers are also integrating image editing functions directly into the primary camera app, allowing users to inspect, change, and manage light balance and photo exposure effects of their photos in real-time. Increasing camera capability and processing power of smartphones are driving manufacturers to produce superior mobile picture editing applications, hence fueling the industry.
Integration of Augmented (AR) and Virtual Reality (VR) Technologies in Photo Editing – An Opportunity in the Photo Editing Software Market
The integration of augmented reality and virtual reality technologies in photo editing allows users to apply more realistic effects to acquired images, making them more appealing. Furthermore, the usage of AR and VR technologies provides an exact and realistic picture of the image by enhancing its quality, which increases the demand among consumers and creates opportunities in the market. Moreover, using AR technology in photo editing allows end users to add realistic effects while providing an accurate and realistic image. Furthermore, the advent of more successful depth sensors in smartphone cameras makes it simple to incorporate augmented reality into the photo editing process. Thus, the increasing incorporation of AR and VR technologies in photo editing software is generating significant growth opportunities for the market.
Photo Editing Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the photo editing software market analysis are type, platform, and end user.
- Based on type, the photo editing software market is divided entry level, prosumer level, and professional level. The prosumer level segment held a larger market share in 2023.
- On the basis of platform, the photo editing software market is divided into macOS, windows, android, and iOS. The windows segment held a larger market share in 2023.
- In terms of end user, the market is categorized as individual and commercial. The commercial segment held a larger market share in 2023.
Photo Editing Software Market Share Analysis by Geography
The geographic scope of the photo editing software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest photo editing software market share. The introduction of social media advertising, the presence of well-known fashion brands, the rise of the online advertising sector, the expansion of the e-commerce industry, and the growth of SMEs are significant factors that have contributed to the regional market's growth. The high rates of internet, modern computer, and smartphone penetration in the US and Canada have produced a favorable atmosphere for the growth of the video streaming industry, which is expected to boost the market in the region.
Photo Editing Software Market Report Scope
Photo Editing Software Market News and Recent Developments
The photo editing software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for photo editing software and strategies:
- In February 2024, DxO announces software support for Canon’s exciting compact 10-18mm RF-S lens and more. The DxO Optics Module library now includes pro equipment from Leica and Hasselblad, as well as new lenses for Nikon, Sony, Fuji, and L-mount users. These DxO Optics Modules and more, can be found within the latest versions of any DxO photo-editing software product. (Source: DxO, Press Release, 2024)
Photo Editing Software Market Report Coverage and Deliverables
The “Photo Editing Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End User ; Platform ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global photo editing software market was estimated to be US$ 313.51 million in 2023 and is expected to grow at a CAGR of 4.6% during the forecast period 2023 - 2031.
The growing number of internet and smartphone users and the growing demand for digital photographs among consumers are the major factors that propel the global photo editing software market.
The presence of facial recognition technology empowered with artificial intelligence to play a significant role in the global photo editing software market in the coming years.
The key players holding majority shares in the global photo editing software market are ACD Systems International Inc., Adobe, CyberLink Corp, Core Corporation, and DXO.
The global photo editing software market is expected to reach US$ 448.06 million by 2031.
The incremental growth expected to be recorded for the global photo editing software market during the forecast period is US$ 134.54 million.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Photo Editing Software Market
May 2024
Flight Planning Software Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Deployment (Cloud and On-Premise), Application (Logistics and Cargo, Airport, Private Airlines, Commercial Airlines, Flight School and Training Center, and Military and Defense), and Geography
May 2024
Deepfake AI Detection Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Deployment (Cloud and On-Premises), Enterprise Size (Large Enterprises and SMEs), Industry Vertical (Media and Entertainment, BFSI, Government and Politics, Healthcare and Life Sciences, IT and Telecom, Retail and E-Commerce, and Others), and Geography
May 2024
Electronic Patient-Reported Outcomes (ePROS) Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Delivery Mode (Cloud Based and On-Premises), Application (Oncology, Respiratory, and Others), End User [Contract Research Organizations (CROs), Pharmaceutical Companies, and Others], and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
May 2024
Travel and Expense Management Software Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Deployment Mode (On-Premise and Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises), Industry (BFSI, IT and Telecom, Manufacturing, Healthcare, Government and Defense, Retail, Transport and Logistics, and Others), and Geography
May 2024
Environmental Consulting Service Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Service Type (Investment Assessment and Auditing, Permitting and Compliance, Project and Information Management, Monitoring and Testing, and Others), Media Type (Water Management, Waste Management, and Others), Vertical (Energy and Utilities, Chemical and Petroleum, Manufacturing and Process Industries, Transportation and Construction Industries, and Others), and Geography
May 2024
Cloud OSS BSS Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By solution [OSS (Network Management & Orchestration, Resource Management, Analytics & Assurance, and Service Design & Fulfilment) and BSS (Billing & Revenue Management, Product Management, Customer Management, and Others)], Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Enterprise Size (Small & Medium Enterprises and Large Enterprises), and Industry (IT & Telecom, BFSI, Media & Entertainment, Healthcare, and Others), and Geography
May 2024
Unified Endpoint Management Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Solutions and Services), Deployment Type (Cloud-Based and On-Premise), Platform (Desktop and Mobile), Organization Size (Large Enterprises and SMEs), End User (BFSI, Government and Defense, Healthcare, IT and Telecom, Automotive and Transportation, Retail, Manufacturing, and Others), and Geography
May 2024
AI in Computer Vision Market
Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Hardware) and End Use Industry (Security and Surveillance, Manufacturing, Automotive, Retail, Sports and Entertainment, and Others), and Geography
Get Free Sample For