Photo Editing Software Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

Report Code: ITR 48854 Report Format: PDF + Excel (Delivery in 48 Hrs)
Photo Editing Software Market size is forecast to reach $372.5 million by 2025, after growing at a CAGR of 3.7% during 2020-2025. The advent of smartphones, social media facial recognition, artificial intelligence, and even virtual reality has impacted the photo editing software industry. Now-a-days, photographers has enhanced the use of photo editing software for providing image orientation that helps in transforming the image. Furthermore, the increasing innovation in camera technologies, growing need for high-definition quality images and the demand for digital photographs are uplifting the photo editing software market. In addition, the need for special effects including color, tints, digital photographs, image orientation and layered editing so on are anticipating the growth of photo editing software market during the forecast period.
 
Key Takeaways
  • North America is highly dominating the photo editing software market owing to the increasing presence of social media advertising, the availability of fashion houses and the rising sales through e-commerce channels. 
  • The integration of technology such as augmented reality and virtual reality along with intelligent computational algorithms for making images more appealing is also embracing the photo editing software market. 
  • Additionally, the introduction of 3D-imaging tools such as 3D analysis, 3D alignment and 3D smart vision that analyzes the depth of the image and further transforms them is also the most significant factor that is driving the photo editing software market.
  • The increasing use of facial recognition technology along with artificial intelligence is also further enhancing market growth. 
  • However, the high cost of the latest photo editing software and the lack of availability of free version software will hinder the growth of the photo editing software market.   

Product Type - Segment Analysis

Prosumer level holds the largest share in the photo editing software market in 2019. The latest photo editing software has brought an easy way to edit photographs in one touch editing and also providing with noise reduction editing of images. Moreover, the advent of artificial intelligence has led to the introduction of AI-powered photo editing software which uses machine learning for enhancing images and manipulate the images into desired form. The other major factor that is leading to the growth of the prosumer level segment is the rising use of smartphones. The rise of selfies has also enhanced the photo editing software market, as this has led to the investment in software providing face beauty effects and is especially relying on the AI-driven facial recognition technology for creating more realistic effects. Hence, this development in photo editing has highly encouraged the prosumer level segment which will further propel the photo editing software market.  

End-user - Segment Analysis

The commercial segment is highly influencing the photo editor software market owing to rising use of photo editing software for social media platforms, e-commerce and fashion industries. The commercial segment is also estimated to grow with a CAGR of 21.5% during the forecast period. Majority of fashion houses are increasingly adopting the use of photo editing software for marketing and gaining customer’s attention. Moreover, the social media marketing agencies are increasingly embracing the use of photo editing software for the purpose of developing and optimizing images to make them more appealing. Thus, the rising use of photo editing software for fashion and social media marketing agencies will prove to form a positive impact on the growth of the commercial segment. This development in the commercial end-user segment will further propel the photo editing market in the coming years. 

Geography - Segment Analysis

North America will dominate the photo editing software market with a share of more than 30% followed by APAC and Europe. The major factors that are leading to the growth of photo editing software market in North America region is the rise of social media advertising, presence of major fashion houses, and growth of online advertising, e-commerce, and SMEs. Additionally, the small businesses in the U.S are heavily investing on social media agencies which will also fuel the photo editing software market in the future. According to Invesp, it is estimated that the U.S social media advertising revenue was $7.6 billion, which is further expected to grow in the coming years. Also, according to The Census Bureau of the Department of Commerce, the U.S e-commerce sales was $146.2 billion in the first quarter of 2019. Thus, the rising use of immersive and appealing advanced photo editing software along with AI-technology by the e-commerce industry in the U.S is highly enhancing the sales through this channel. This factors are further leading to the growth of the photo editing software market in this region. 

In Asia Pacific, the advancement due to the increasing web designing projects and the growth of wedding photography businesses are widely enhancing the photo editing software market in this region. Moreover, the increasing trend of pre-wedding and post-wedding photo shoots in countries like China and India is significantly leading to the rise of photo editing software market.

Drivers –Photo Editing Software Market

  • Use of Computational Algorithms in Photo Editing Software
The rising of computational photography along with the assistance of algorithm in photo editing software is highly enhancing the pixels which is further leading to the upgradation of the photo editing software. Moreover, the software companies are using single lens and intelligent algorithms for creating a system that captures extreme close shots of the minutest details. Thus, this upgradation of the photo editing software by using intelligent computational algorithms will further provide more equilibrium to the captured image and further drive the photo editing software market.  

  • Integration of Augmented Reality & Virtual Reality in Photo Editing 
The integration of augmented reality and virtual reality in photo editing is further enabling the users to add more realistic effects to the image captured and make them more appealing. Furthermore, the use of AR/VR is providing accurate and realistic view of the image which is making it more enhanced. Using AR in photo editing enables the end-users to add realistic effects and provide an accurate and realistic view. In addition, the development of advanced depth sensors in smartphone cameras is allowing easy adoption of AR in the photo editing process. Thus, the increasing adoption of AR technology in the photo editing software will further prove to have a positive impact on the market and therefore, driving the market during the forecast period

  • Presence of Facial Recognition Technology 
The presence of facial/object recognition technology is further revolutionizing the photo editing software. This technology is providing more innovative editing such as the “bokeh” effect which is enhancing the use of photo editing software. This technology is also empowered by artificial intelligence, which recognizes the face in photos and determines the age or gender. This technology also recognizes the facial features like skin and hair and makes the editing of the photo more suitable and more impressive. 

Challenges – Photo Editing Software Market

  • High Cost and Lack of Availability of Free Version Software 
The Photoshop can be sometimes very expensive. Photoshop has certain abilities that makes the photos or images more accurate and appealing with the help of better technology and intelligent algorithms and other tools that is usually mostly expensive. Moreover, the upgradation of latest version also acquires high cost which further hinders the growth of the photo editing software market. Also, the lack of availability of free version software on laptops and smartphones is also major factor that poses a major challenge to the growth of the market. 

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the photo editing software market. In 2019, the market of photo editing software has been consolidated by the top ten players - Acd System International, Inc., Adobe Inc., Corel Corporation, Cyberlink Corporation, Dxo Optic, Phase One A/S, MAGIX Software GmbH, On1, Inc. and Serif Ltd.

Acquisitions/Technology Launches
  • In October 2019, DxO Optic announced its latest version of DxO PhotoLab 3, the most advanced photo editing software. This latest version of photo editing software is redesigned with HSL colour adjustment feature and optimized repair tool that will make the photographer’s job easier.
  • Additionally in the same year that is March 2019, DxO Optic also launched DxO PhotoLab 2.2 a photo editing software with advanced features in order to support new devices such as the Nikon Z 6, the Canon EOS R and EOS M50, and the DJI Mavic 2 Zoom drone
  • In November 2018, Cyberlink Corporation, announced the launch of PhotoDirector 365, a comprehensive and robust photo editing software. This photo editing software uses easy-to-use tools such as Layer Packs, HDR, Black & White and Split Tone Presets, Motion Still, Keystone Correction, and 360 photo editing. This software also includes AI Style Effects, Tethered Shooting and Soft Proofing which makes the editing of the photo more impressive. 
1. Photo Editing Software Market - Overview
        1.1 Definitions and Scope
2. Photo Editing Software Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Photo Editing Software Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Photo Editing Software Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Photo Editing Software Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Photo Editing Software Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Photo Editing Software Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Photo Editing Software Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Entry Level
            8.3.2 Prosumer Level
            8.3.3 Professional Level
9. Photo Editing Software Market - By End User(Market Size -$Million / $Billion)
9.1 Individual
9.2 Commercial
10. Photo Editing Software - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Photo Editing Software- By Geography (Market Size -$Million / $Billion)
        11.1 Photo Editing Software Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Photo Editing Software- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Photo Editing Software- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Photo Editing Software - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Photo Editing Software - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Photo Editing Software Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Photo Editing Software Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Photo Editing Software Market - Key Company List by Country Premium
15. Photo Editing Software Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Acd System International, Inc
        15.3 Adobe System Software Ltd
        15.4 Corel Corporation
        15.5 Cyberlink Corporation
        15.6 Dxo Optic
        15.7 Macphun
        15.8 Magix
        15.9 On1, Inc
        15.10 Serif Ltd
        15.11 Zoner, Inc
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Photo Editing Software Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Photo Editing Software Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Global Photo Editing Software Market, By Type Market 2019-2024 ($M)
1.1 Entry Level Market 2019-2024 ($M) - Global Industry Research
1.2 Prosumer Level Market 2019-2024 ($M) - Global Industry Research
1.3 Professional Level Market 2019-2024 ($M) - Global Industry Research
2.Global Global Photo Editing Software Market, By End User Market 2019-2024 ($M)
2.1 Individual Market 2019-2024 ($M) - Global Industry Research
2.2 Commercial Market 2019-2024 ($M) - Global Industry Research
3.Global Global Photo Editing Software Market, By Type Market 2019-2024 (Volume/Units)
3.1 Entry Level Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Prosumer Level Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Professional Level Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Global Photo Editing Software Market, By End User Market 2019-2024 (Volume/Units)
4.1 Individual Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Commercial Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Global Photo Editing Software Market, By Type Market 2019-2024 ($M)
5.1 Entry Level Market 2019-2024 ($M) - Regional Industry Research
5.2 Prosumer Level Market 2019-2024 ($M) - Regional Industry Research
5.3 Professional Level Market 2019-2024 ($M) - Regional Industry Research
6.North America Global Photo Editing Software Market, By End User Market 2019-2024 ($M)
6.1 Individual Market 2019-2024 ($M) - Regional Industry Research
6.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
7.South America Global Photo Editing Software Market, By Type Market 2019-2024 ($M)
7.1 Entry Level Market 2019-2024 ($M) - Regional Industry Research
7.2 Prosumer Level Market 2019-2024 ($M) - Regional Industry Research
7.3 Professional Level Market 2019-2024 ($M) - Regional Industry Research
8.South America Global Photo Editing Software Market, By End User Market 2019-2024 ($M)
8.1 Individual Market 2019-2024 ($M) - Regional Industry Research
8.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
9.Europe Global Photo Editing Software Market, By Type Market 2019-2024 ($M)
9.1 Entry Level Market 2019-2024 ($M) - Regional Industry Research
9.2 Prosumer Level Market 2019-2024 ($M) - Regional Industry Research
9.3 Professional Level Market 2019-2024 ($M) - Regional Industry Research
10.Europe Global Photo Editing Software Market, By End User Market 2019-2024 ($M)
10.1 Individual Market 2019-2024 ($M) - Regional Industry Research
10.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
11.APAC Global Photo Editing Software Market, By Type Market 2019-2024 ($M)
11.1 Entry Level Market 2019-2024 ($M) - Regional Industry Research
11.2 Prosumer Level Market 2019-2024 ($M) - Regional Industry Research
11.3 Professional Level Market 2019-2024 ($M) - Regional Industry Research
12.APAC Global Photo Editing Software Market, By End User Market 2019-2024 ($M)
12.1 Individual Market 2019-2024 ($M) - Regional Industry Research
12.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
13.MENA Global Photo Editing Software Market, By Type Market 2019-2024 ($M)
13.1 Entry Level Market 2019-2024 ($M) - Regional Industry Research
13.2 Prosumer Level Market 2019-2024 ($M) - Regional Industry Research
13.3 Professional Level Market 2019-2024 ($M) - Regional Industry Research
14.MENA Global Photo Editing Software Market, By End User Market 2019-2024 ($M)
14.1 Individual Market 2019-2024 ($M) - Regional Industry Research
14.2 Commercial Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Photo Editing Software Market Revenue, 2019-2024 ($M)
2.Canada Photo Editing Software Market Revenue, 2019-2024 ($M)
3.Mexico Photo Editing Software Market Revenue, 2019-2024 ($M)
4.Brazil Photo Editing Software Market Revenue, 2019-2024 ($M)
5.Argentina Photo Editing Software Market Revenue, 2019-2024 ($M)
6.Peru Photo Editing Software Market Revenue, 2019-2024 ($M)
7.Colombia Photo Editing Software Market Revenue, 2019-2024 ($M)
8.Chile Photo Editing Software Market Revenue, 2019-2024 ($M)
9.Rest of South America Photo Editing Software Market Revenue, 2019-2024 ($M)
10.UK Photo Editing Software Market Revenue, 2019-2024 ($M)
11.Germany Photo Editing Software Market Revenue, 2019-2024 ($M)
12.France Photo Editing Software Market Revenue, 2019-2024 ($M)
13.Italy Photo Editing Software Market Revenue, 2019-2024 ($M)
14.Spain Photo Editing Software Market Revenue, 2019-2024 ($M)
15.Rest of Europe Photo Editing Software Market Revenue, 2019-2024 ($M)
16.China Photo Editing Software Market Revenue, 2019-2024 ($M)
17.India Photo Editing Software Market Revenue, 2019-2024 ($M)
18.Japan Photo Editing Software Market Revenue, 2019-2024 ($M)
19.South Korea Photo Editing Software Market Revenue, 2019-2024 ($M)
20.South Africa Photo Editing Software Market Revenue, 2019-2024 ($M)
21.North America Photo Editing Software By Application
22.South America Photo Editing Software By Application
23.Europe Photo Editing Software By Application
24.APAC Photo Editing Software By Application
25.MENA Photo Editing Software By Application
26.Adobe System Software Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Serif Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Corel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Cyberlink Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Dxo Optic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Acd System International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.On1, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Macphun, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Magix, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Zoner, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)