With Market Size Valued at $4.8 Billion by 2026, it`s a Healthy Outlook for the Global Audio and Video Editing Software Market
SAN FRANCISCO, March 21, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Audio and Video Editing Software - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 10; Released: February 2022
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Global Audio and Video Editing Software Market to Reach $4.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Audio and Video Editing Software estimated at US$3.5 Billion in the year 2022, is projected to reach a revised size of US$4.8 Billion by 2026, growing at a CAGR of 7.1% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to grow at a 6.8% CAGR to reach US$3.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 7.8% CAGR for the next 7-year period. This segment currently accounts for a 30.4% share of the global Audio and Video Editing Software market.
The U.S. Market is Estimated at $1.2 Billion in 2022, While China is Forecast to Reach $447.3 Million by 2026
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SOURCE Global Industry Analysts, Inc.