ACD Systems

Jan 30, 2023

News provided by Share this article Share this article NEW YORK, Jan. 30, 2023 /PRNewswire/ -- According to Technavio, the global photo editing software market size is estimated to grow by USD 542.87 million from 2021 to 2026. The market is estimated to grow at a CAGR of 9.27% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 37%. Gain deeper insights into the market study. Buy the report! Photo editing software market - Five Forces The global cloud data warehouse market is fragmented, and the five forces analysis covers–  Bargaining Power of Buyers  Threat of Rivalry Threat of Substitutes Interpretation of porter's five models helps to strategize the business, for entire details – Downlaod  a Sample Report Photo editing software market – Customer Landscape The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. Photo editing software market - Segmentation Assessment Segment Overview Technavio has segmented the market based on end-user (commercial and personal) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The market growth in the commercial segment will be significant during the forecast period. The segment is driven by the increasing use of social media platforms and the growth of the e-commerce and fashion industries. Geography Overview By geography, the global photo editing software market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global photo editing software market. North America will account for 37% of the global market growth during the forecast period. The growth of the regional market can be attributed to factors such as the rise in social media advertising, the presence of major fashion houses, the growth of the online advertising market, the growth of the e-commerce market, and the growth of SMEs. Key factor driving market growth The market is driven by increasing smartphone penetration. The global smartphone market has expanded rapidly over the years. This is due to the increased availability of low-cost smartphones in countries such as India, Vietnam, the Philippines, Sri Lanka, and Pakistan in APAC and Spain, Greece, and Turkey in EMEA. The rise in the number of smartphone users has consequently increased social media activity globally, which is increasing the demand for photo editing tools. The rapid adoption of smartphones is encouraging market vendors to provide photo editing tools specifically designed for smartphones. Smartphone manufacturers are also integrating photo editing features directly into the smartphones native camera application to view, alter, and manage the light balance and photo exposure effects in real-time. With the growing adoption of smartphones, the demand for photo editing software will increase during the forecast period. Leading trends influencing the market Increasing applications of AI in photo editing process is identified as the key trend in the market. Market players are researching the extended use of AI in photo editing process. The use of AI enhances photo quality and also saves time and operational cost by automating various steps. AI identifies bright areas and extracts details from shadows without any noise. AI also automatically adjusts the noise level, sharpness, color balance, contrast, and brightness of the photo based on types such as portraits, selfies, objects, and landscapes. The implementation of AI in the photo editing process will have a positive impact on the growth of the market during the forecast period. Major challenges hindering market growth The availability of free photo editing software is one of the major challenges in the market. Non-professional users that do not use photo editing software regularly usually prefer free software. There are many free photo editing software available on the internet that provide basic editing functionalities such as color correction, the addition of effects from pre-defined fixed effects, changes to the background, resizing, format conversion, and cropping. The availability of free photo editing software is posing a potential threat to the vendors operating in the market. CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the photo editing software market between 2022 and 2026 Precise estimation of the size of the photo editing software market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the photo editing software market industry across North America, Europe, APAC, South America, and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of photo editing software market vendors. Gain instant access to 17,000+ market research reports. Related Reports: The video analytics market is estimated to decline at a CAGR of 22.54% between 2022 and 2027. The size of the market is forecast to increase by USD 16,862.27 million. The rising demand for improved security arrangements is notably driving the market growth, although factors such as limitations associated with video analytics may impede the market growth. The social media analytics market size in MEA is expected to increase by USD 613.37 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 24.28%. The growing availability and complexity of data is notably driving the social media analytics market growth in MEA, although factors such as shortage of skilled analytics professionals and high attrition rate may impede the market growth. Photo Editing Software Market Scope Report Coverage Key companies profiled ACD Systems International Inc., Adobe Inc., Afterlight Collective Inc., Alphabet Inc., Apple Inc., Capture One, Corel Corp., CyberLink Corp., DxO Labs, Inmagine Group, Lightricks Ltd., MAGIX Software GmbH, ON1, PhotoUp Inc., PicsArt Inc., Polarr, Samsung Electronics Co. Ltd., Serif (Europe) Ltd., Skylum Software USA Inc., and ZONERA Inc. Market dynamics Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of contents:   4.2 Bargaining power of buyers    Exhibit 18:  Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026   4.3 Bargaining power of suppliers    Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026   4.4 Threat of new entrants    Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026   4.5 Threat of substitutes    4.6 Threat of rivalry    4.7 Market condition  5. Market Segmentation by End-user   5.1 Market segments   Exhibit 25:  Data Table on End-user - Market share 2021-2026 (%)   5.2 Comparison by End-user    Exhibit 27:  Data Table on Comparison by End-user   5.3 Commercial - Market size and forecast 2021-2026   Exhibit 28:  Chart on Commercial - Market size and forecast 2021-2026 ($ million)   Exhibit 29:  Data Table on Commercial - Market size and forecast 2021-2026 ($ million)   Exhibit 30:  Chart on Commercial - Year-over-year growth 2021-2026 (%)   Exhibit 31:  Data Table on Commercial - Year-over-year growth 2021-2026 (%)   5.4 Personal - Market size and forecast 2021-2026    Exhibit 32:  Chart on Personal - Market size and forecast 2021-2026 ($ million)   Exhibit 33:  Data Table on Personal - Market size and forecast 2021-2026 ($ million)   Exhibit 34:  Chart on Personal - Year-over-year growth 2021-2026 (%)   Exhibit 35:  Data Table on Personal - Year-over-year growth 2021-2026 (%)   5.5 Market opportunity by End-user    Exhibit 36:  Market opportunity by End-user ($ million) 6. Customer landscape    Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria   6.1 Customer landscape overview  7. Geographic Landscape    Exhibit 39:  Data Table on Market share by geography 2021-2026 (%)   7.2 Geographic comparison    Exhibit 41:  Data Table on Geographic comparison   7.3 North America- Market size and forecast 2021-2026    Exhibit 42:  Chart on North America- Market size and forecast 2021-2026 ($ million)   Exhibit 43:  Data Table on North America- Market size and forecast 2021-2026 ($ million)   Exhibit 44:  Chart on North America- Year-over-year growth 2021-2026 (%)   Exhibit 45:  Data Table on North America- Year-over-year growth 2021-2026 (%)   7.4 Europe- Market size and forecast 2021-2026    Exhibit 46:  Chart on Europe- Market size and forecast 2021-2026 ($ million)   Exhibit 47:  Data Table on Europe- Market size and forecast 2021-2026 ($ million)   Exhibit 48:  Chart on Europe- Year-over-year growth 2021-2026 (%)   Exhibit 49:  Data Table on Europe- Year-over-year growth 2021-2026 (%)   7.5 APAC- Market size and forecast 2021-2026    Exhibit 50:  Chart on APAC- Market size and forecast 2021-2026 ($ million)   Exhibit 51:  Data Table on APAC- Market size and forecast 2021-2026 ($ million)   Exhibit 52:  Chart on APAC- Year-over-year growth 2021-2026 (%)   Exhibit 53:  Data Table on APAC- Year-over-year growth 2021-2026 (%)   7.6 South America - Market size and forecast 2021-2026    Exhibit 54:  Chart on South America - Market size and forecast 2021-2026 ($ million)   Exhibit 55:  Data Table on South America  - Market size and forecast 2021-2026 ($ million)   Exhibit 56:  Chart on South America  - Year-over-year growth 2021-2026 (%)   Exhibit 57:  Data Table on South America - Year-over-year growth 2021-2026 (%)   7.7 Middle East and Africa - Market size and forecast 2021-2026    Exhibit 58:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)   Exhibit 59:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)   Exhibit 60:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)   Exhibit 61:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)   7.8 US- Market size and forecast 2021-2026    Exhibit 62:  Chart on US- Market size and forecast 2021-2026 ($ million)   Exhibit 63:  Data Table on US- Market size and forecast 2021-2026 ($ million)   Exhibit 64:  Chart on US- Year-over-year growth 2021-2026 (%)   Exhibit 65:  Data Table on US- Year-over-year growth 2021-2026 (%)   7.9 UK- Market size and forecast 2021-2026    Exhibit 66:  Chart on UK- Market size and forecast 2021-2026 ($ million)   Exhibit 67:  Data Table on UK- Market size and forecast 2021-2026 ($ million)   Exhibit 68:  Chart on UK- Year-over-year growth 2021-2026 (%)   Exhibit 69:  Data Table on UK- Year-over-year growth 2021-2026 (%)   7.10 Germany- Market size and forecast 2021-2026    Exhibit 70:  Chart on Germany- Market size and forecast 2021-2026 ($ million)   Exhibit 71:  Data Table on Germany- Market size and forecast 2021-2026 ($ million)   Exhibit 72:  Chart on Germany- Year-over-year growth 2021-2026 (%)   Exhibit 73:  Data Table on Germany- Year-over-year growth 2021-2026 (%)   7.11 China- Market size and forecast 2021-2026    Exhibit 74:  Chart on China- Market size and forecast 2021-2026 ($ million)   Exhibit 75:  Data Table on China- Market size and forecast 2021-2026 ($ million)   Exhibit 76:  Chart on China- Year-over-year growth 2021-2026 (%)   Exhibit 77:  Data Table on China- Year-over-year growth 2021-2026 (%)   7.12 Market opportunity by geography    Exhibit 78:  Market opportunity by geography ($ million) 8. Drivers, Challenges, and Trends    8.1 Market drivers    Exhibit 84:  Matrix on vendor position and classification   10.3 ACD Systems International Inc.    Exhibit 85:  ACD Systems International Inc. - Overview     Exhibit 86:  ACD Systems International Inc. - Product / Service   Exhibit 87:  ACD Systems International Inc. - Key offerings   10.4 Adobe Inc.   Exhibit 89:  Adobe Inc. - Business segments   Exhibit 90:  Adobe Inc. - Key news   Exhibit 91:  Adobe Inc. - Key offerings   Exhibit 92:  Adobe Inc. - Segment focus   10.5 Afterlight Collective Inc.    Exhibit 94:  Afterlight Collective Inc. - Product / Service   Exhibit 95:  Afterlight Collective Inc. - Key offerings   10.6 Alphabet Inc.    Exhibit 97:  Alphabet Inc. - Business segments   Exhibit 98:  Alphabet Inc. - Key news   Exhibit 99:  Alphabet Inc. - Key offerings   Exhibit 100:  Alphabet Inc. - Segment focus   10.7 Apple Inc.   Exhibit 102:  Apple Inc. - Business segments   Exhibit 103:  Apple Inc. - Key news   Exhibit 104:  Apple Inc. - Key offerings   Exhibit 105:  Apple Inc. - Segment focus   10.8 Corel Corp.    Exhibit 107:  Corel Corp. - Product / Service   Exhibit 108:  Corel Corp. - Key offerings   10.9 CyberLink Corp.    Exhibit 110:  CyberLink Corp. - Product / Service   Exhibit 111:  CyberLink Corp. - Key offerings   10.10 DxO Labs    Exhibit 113:  DxO Labs - Product / Service   Exhibit 114:  DxO Labs - Key offerings   10.11 Inmagine Group    Exhibit 116:  Inmagine Group - Product / Service   Exhibit 117:  Inmagine Group - Key offerings   10.12 Lightricks Ltd.    Exhibit 119: Lightricks Ltd. - Product / Service   Exhibit 120: Lightricks Ltd. - Key offerings About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact