LONDON — (BUSINESS WIRE) — April 12, 2017 — Technavioâ€™s latest report on the global audio and video editing software market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170412005199/en/
Technavio has announced the release of their 'Audio and Video Editing Software Market 2017-2021' report. (Graphic: Business Wire)
Ishmeet Kaur, a lead analyst from Technavio, specializing in research on the enterprise application sector, says, â€śThe demand for proprietary software and free professional software, such as Lightworks, is high in the market. The increased use of video content in social media has accelerated the demand for audio and video editing software.â€ť
The global audio and video editing software market is foreseen to grow at a CAGR of more than 10% by 2021. Online video editing software is becoming a viable solution for editing and managing video content. Animoto and WeVideo are some of the prominent players in this industry. Acquisitions of smaller companies take place on a regular basis. For instance, Pinnacle Systems was acquired by Avid in 2005. Corel, a Canadian software company, acquired Pinnacle Systems from Avid in 2012.
Request a sample report: https://www.technavio.com/request-a-sample?report=55997
Technavioâ€™s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three emerging trends driving the global audio and video editing software market according to Technavio ICT research analysts are:
Increased use of online cloud editing software
A major trend in the market is the growth of online cloud editing software. Companies such as WeVideo, Animoto, Shotclip, Loopster, and Forbidden Technologies provide editing software online. Companies have different payment policies for the software. A few companies might charge for the software based on the requirement of cloud storage. Others might charge based on the validity of the software.
High adoption of editing software by non-professional end-users
â€śVendors 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,â€ť adds Ishmeet.
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.
Rise in the use of editing software for mobile devices
Vendors have started providing video and audio editing software for mobile devices such as smartphones and tablets. The increasing processing power of mobile devices is one of the most important reasons for this initiative. For instance, Samsung's Galaxy S7 smartphone has a Snapdragon 820 chipset by Qualcomm with 4GB of RAM.
The key vendors are as follows:
- Adobe Systems
Browse Related Reports:
- Global Medical Imaging Software Market 2017-2021
- Global Animation Design Software Market 2017-2021
- Global Property Management Software Market 2017-2021
Insights member and access all three of these reports for
a fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as theyâ€™re published in
addition to all 6,000+ existing reports covering segments like
and BPO , and
hardware . This subscription nets you thousands in savings, while
staying connected to Technavioâ€™s constant transforming research library,
helping you make informed business decisions more efficiently.