2021 Analysis of Global Audio & Video Editing Software Market Growth Mar-2017

Global Audio and Video Editing Software Market 2017-2021
The Audio and Video Editing Software Market report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key vendors for 2017-2021. The following companies are
the key players in the global audio and video editing software market: Adobe Systems, Apple, and Avid.
Other Prominent Vendors in the market are: Acon AS, Autodesk, Blackmagic Design, Blender
Foundation, Corel, MAGIX Software, Movavi, NCH Software, Nero, PreSonus, Snell Advanced Media, and
Steinberg Media Technologies.
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One trend in market is high adoption of editing software by non-professional end-users. Vendors in the
global audio and video editing software market focus on making the software more user-friendly. They
have reduced the price and provided trial versions with full application features for end-users. The
editing software requires highly efficient processors that ensure an efficient and smooth workflow. This
acts as a hindrance for the adoption of the software among non-professional users with limited graphics
support.
The continuous improvements in the processing power of computers help in mitigating the impact of
this challenge. The increase in processing speed has led to a decline in the average rendering time of
editing software over the past 10 years. This will further decrease during the forecast time. This factor
will accelerate the adoption rate of editing software by non-professional end-users.
One driver in market is increased demand for editing software from APAC. The increased demand from
APAC will act as a major driver for the growth of the global audio and video editing software during the
forecast period. China, India, and Japan will be the leading revenue contributors to the growth of the
market in the region. The demand for editing software primarily arises from Asia's burgeoning film
industry.
The growing profits from the film industry have propelled the growth of domestic and regional film
production works in countries such as India. The growth of the film industry in APAC is a major factor
that drives the growth of the global audio and video editing software market.
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One challenge in market is availability of open-source editing software. Most small and medium-sized
enterprises (SMEs) are vigilant about costs and cannot afford expensive commercial software. However,
open-source editing softwares provide enterprises with several advantages. They are cost-efficient,
easily available, and user-friendly. The growing popularity of these software products is likely to
challenge the growth of proprietary software vendors.
The customization options of open-source software give it an edge over proprietary software. For
instance, if there is a requirement for more seats after the installation of a proprietary video editing
software, customers must pay more than what they had spent for a seat during the initial installation.
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