Asia-Pacific Video Editing Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, and Application

According to a new market research study on “APAC Video Editing Software Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 908.18 million by 2027 from US$ 511.98 million in 2019. The market is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The report provides trends prevailing in the APAC video editing software market along with the drivers and restraints pertaining to the market growth. Rising Urge of video editing software due to popularity of online video content on social media channels is the major factor driving the growth of the APAC video editing software market. However, issues associated with huge presence of free tools for video editing hinders the growth of APAC video editing software market.

The APAC video editing software market is segmented into type, application and country. Based on type, the APAC video editing software market is bifurcated into on-premises and cloud-based. Cloud-based segment is expected to be the fastest growing during the forecast period. On basis of application the market is further segmented into commercial and personal. Commercial segment held a substantial market share throughout the forecast period.

Also the ongoing COVID-19 is having a negative impact over APAC region. APAC region constitutes the world’s two most populated countries China and India, along with the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income. India is worst hit country by COVID-19 in APAC. The China region imposed strict lockdown and social isolation which virtually disrupted the business operations of considerably advertising agencies and media houses for several weeks resulting in lack of new business contracts for the numerous market players. Similarly, India also imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases across the country. As a result, the subsequent lockdown and disruption of numerous IT companies and technology providers across China and India respectively has contributed significantly over their spending on new technologies for audio and video management solutions the market growth across the APAC region. All these measures are expected to have a impact on the adoption and growth of video editing software, especially in the commercial sector in 2020 and 2021.

Adobe Inc.; Apple Inc.; Autodesk Inc.; Avid Technology, Inc.; Biteable Pty Ltd.; Corel Corporation; Clipchamp; CyberLink Corp.; KineMaster Corporation; NCH SOFTWARE; PearlMountain Limited; Renderforest; VivaVideo; Wondershare Technology Co., Ltd. are among the leading companies in the APAC video editing software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Renderforest has achieved Technology Partner status with AWS Partner Network. This partnership program provides Renderforest more business support and bigger opportunities.

The report segments the APAC Video Editing Software Market as follows:

APAC Video Editing Software Market - By Type

• On-Premises
• Cloud-Based

APAC Video Editing Software Market - By Application

• Commercial
• Personal

APAC Video Editing Software Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

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