NEW YORK, June 24, 2021 /PRNewswire/ -- The audio and video editing software market is expected to grow by USD 1.97 billion during 2021-2025, according to Technavio. This audio and video editing software market report encapsulates not only the information technology industry value chain analysis, but also features overall validation techniques employed for deriving the most accurate data insights.
The audio and video editing software market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Major Three Audio and Video Editing Software Market Participants:
Acon AS: The company offers audio and video editing software under the brand name AudioLava.
Adobe Inc.: The company offers audio and video editing software under the brand name Adobe Premiere Pro.
Animoto Inc.: The company offers a wide range of audio and video editing tools.
Audio And Video Editing Software Market 2021-2025: Segmentation
Audio and video editing software market is segmented as below:
- North America
- South America
The audio and video editing software market is driven by an increase in the rate of content generation and the rise of OTT platforms. In addition, other factors such as the shift toward cloud-based delivery model, increased use of editing software for personal use, and a rise in the use of mobile-based editing software are expected to trigger the audio and video editing software market toward witnessing a CAGR of about 9% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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