Report : Europe Photo Editing Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Entry Level, Prosumer Level, and Professional Level); End User (Individual and Commercial); Platform (macOS, Windows, Android, and iOS); and Country
Commercial Segment to Dominate Europe Photo editing software Market during 2020–2027
According to a new market research study on “Europe Photo Editing Software Market Forecast to 2027 – COVID-19 Impact and Analysis by Type, Platform, End User , and Country,” is expected to reach US$ 292.9 million by 2027 from US$ 194.7 million in 2019. The market is estimated to grow at a CAGR of 5.3% from 2020 to 2027. The report provides trends prevailing in the Europe photo editing software market along with the drivers and restraints pertaining to the market growth. The Europe region consists of the Germany, France, Italy, the UK, Russia, and rest of Europe. Europe consumer electronics industry is witnessing an impressive growth rate in both developed and developing countries majorly due to continuous technology advancements and increasing affordability of these devices. Smartphones, cameras, laptops, and tablets have become an integral part of consumer lives. All these devices are becoming smarter with the ongoing technological advancements especially in functionality and camera systems due to integration of technologies such as AI and IoT. The rising disposable income, increasing population, and growing demand for smart consumer devices are some of the key factors that are driving the growth of Europe consumer electronics market. The developing countries across the globe are experiencing a substantial increase in the number of smartphone and digital camera users. This is majorly attributed to the rise in the availability of low-cost smartphones and digital cameras. These products are embedded with high-end technologies, which enable users to use, access, and create high quality content on these devices. Owing to this, the photography industry and photo editing software industry is growing at an impressive pace. End users are increasingly investing in smart camera devices for taking and editing photographs for personal as well as professional purposes. Hence, pertaining to the growing adoption of smartphones and digital cameras among customers, photo editing software companies are investing in creating software with advanced features to capture the growing customer base Europe. Thus, the rising demand of consumer electronics products especially smartphones and digital cameras and their use for photography purposes is anticipated to drive the Europe photo editing software market from 2020 to 2027.
The huge presence of industries, such as fashion industry, media and entertainment, and advertising, which utilize photo editing software coupled with high adoption of such software among professional photographers are some of the major factors driving the growth of photo editing software market in the European region. In addition to this, the growing demand of innovative technology solutions such as 360 degree camera, VR photography, and AI in countries such as UK, France, and Germany will further complement the demand for photo editing software integrated with advanced editing features. Hence, despite the COVID 19 outbreak, the demand for photo editing software among commercial and individual end-customers is anticipated to rise in the coming years.
Europe Photo Editing Software Market, By Country, 2019 and 2027 (%)
Photo Editing Software Market– By Type
- Entry Level
- Prosumer Level
- Professional Level
Photo Editing Software Market– By Platform
Photo Editing Software Market– By End User
Photo editing software Market – By Country
- Rest of Europe
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