Europe Video Editing Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (On-Premises and Cloud-Based), and Application (Commercial and Personal)
Market Introduction
The traditional approaches to video content production have been revolutionized, despite many advancements in the broadcast and media field resulting in improved video quality through the incorporation of improved rendering abilities, animation, AR / VR, recording, and many others. Among these, the application focused on video editing now uses the powerful capabilities of advanced as well as basic ones. Europe region’s digital advertising industry has been continuously growing. The report also stated that video advertising expenditure had experienced further growth. Countries, including the UK, France, Italy, and Germany, lead the Western European video market spend, while Eastern European nations are noticing higher growth than Western countries. As per Eurostat, ~47% of the EU enterprises used at least one social media platform in 2017. Also, over eight out of ten use social media for marketing their products or brand awareness. The rate of social media usage by EU enterprises for marketing increased to 40% in 2017 from 22% in 2013. Also, the penetration of social media users differs widely from county to country in Europe. For instance, as per Eurostat, approximately 65% of the Hungary population (aged 16-74) use social networking sites. The statistics signify a much higher level compared to the EU average and its neighboring countries. However, the highest social media penetration rate is acquired by Denmark (79%). Other key countries include Belgium, followed by Sweden and the U.K., Cyprus, Malta, Finland, and the Netherlands. The growth in social media usage is anticipated to support the demand for video editing software for personal users. Also, Comprehensive advantages of video editing software and its functional necessity is expected to create a significant demand for video editing software in the coming years, which is further anticipated to drive the Europe video editing software market. Furthermore, COVID-19 is impacting the Europe region very badly. Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region. Businesses in the region are facing severe economic difficulties as they had either to suspend their operations or reduce their activities in a substantial manner. Although, during the COVID-19 pandemic, the industry witnessed a downfall, owing to which the government announced several plans for supporting independent production. For example, the BBC announced a plan to support the independent production sector in the UK. The country’s ITV announced a US$ 615,000 development fund intended to accelerate the discovery of innovative ideas and content for the channel to broadcast in late 2020 and 2021. The French government also announced measures such as tax suspension, subsidies, solidary fund, and early repayment of tax credits, among others. Other countries in the EU, including Germany, Hungary, Italy, and Poland, have also announced several plans to support the film industry's growth during the COVID-19 epidemic. Such factors are expected to moderate the impact of COVID-19 on the EU film industry, thus creating a demand for video editing software. The numerous countries in the overall region generated moderate additional new demand to limited demand owing to considerably weak business activities in light of the pandemic across different European countries. However, the strong presence of leading customer across major economies have witnessed limited impact over the European market.
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Market Overview and Dynamics
The video editing software market in Europe is expected to grow from US$ 441.19 million in 2019 to US$ 673.51 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The notably vast presence of media and broadcast industries for media and entertainment continues to gain significance for daily news, entertainment, education or other applications. As a result, the related software components and tools including video editing software also expected to play crucial role for their seamless production and management based procedures. Over the decade these software video editing has witnessed significant improvement in their video editing capabilities through integration of more robust, flexible and powerful tools that aid in seamless video editing solution for professional, commercial and personal application. Moreover, the recent .swift popularity of various advanced video recording devices such as AR, VR, mixed reality and 360-degree are expected to revolutionize the traditional video recording as well as introduce improvement in video editing techniques. Advancement of technological features in video editing software is further anticipated to bolster the growth of the Europe video editing software market.
Key Market Segments
In terms of type, the on-premises segment accounted for the largest share of the Europe video editing software market in 2019. In terms of application, the commercial segment held a larger market share of the Europe video editing software market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the video editing software market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among othetwrs. Major companies listed in the report are Adobe Inc.; Apple Inc.; Autodesk Inc.; Avid Technology, Inc.; Bending Spoons S.p.A.; Corel Corporation; CyberLink Corp.; FXhome Limited; Lightricks Ltd; KineMaster Corporation; PIXICO.
Reasons to buy report
- To understand the Europe video editing software market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe video editing software market
- Efficiently plan M&A and partnership deals in Europe video editing software market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe video editing software market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
Europe Video Editing Software Market Segmentation
Europe Video Editing Software Market - By Type
- On-Premises
- Cloud-Based
Europe Video Editing Software Market - By Application
- Commercial
- Personal
Europe Video Editing Software Market - By Country
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Europe Video Editing Software Market - Company Profiles
- Adobe Inc.
- Apple Inc.
- Autodesk Inc.
- Avid Technology, Inc.
- Bending Spoons S.p.A.
- Corel Corporation
- CyberLink Corp.
- FXhome Limited
- Lightricks Ltd
- KineMaster Corporation
- PIXICO
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Video Editing Software Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Video Editing Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Social media platforms gaining popularity of online video content hence bolstering the demand
5.1.2 Comprehensive advantages of video editing software and functional necessity
5.2 Market Restraints
5.2.1 Free video editing software availability reducing sales
5.3 Market Opportunities
5.3.1 Commercial capacity of application to expand due to Popularity of AR and VR based video content
5.4 Future Trends
5.4.1 Advanced Technological features and improved capabilities for video editing software market
5.5 Impact Analysis of Drivers and Restraints
6. Video Editing Software Market–Europe Analysis
6.1 Europe Video Editing Software Market Overview
6.2 Europe Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Market Players Ranking
7. Europe Video Editing Software Market Analysis – By Type
7.1 Overview
7.2 Europe Video Editing Software Market, By Type (2019 and 2027)
7.3 On-premise
7.3.1 Overview
7.3.2 On-premise: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
8. Europe Video Editing Software Market Analysis – By Application
8.1 Overview
8.2 Europe Video Editing Software Market, By Application (2019 and 2027)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Personal
8.4.1 Overview
8.4.2 Personal: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
9. Europe Video Editing Software Market – Country Analysis
9.1 Overview
9.1.1 Europe: Video Editing Software Market, by Key Country
9.1.1.1 UK: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.1.1 UK: Video Editing Software Market, by Type
9.1.1.1.2 UK: Video Editing Software Market, by Application
9.1.1.2 Germany: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.2.1 Germany: Video Editing Software Market, by Type
9.1.1.2.2 Germany: Video Editing Software Market, by Application
9.1.1.3 France: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.3.1 France: Video Editing Software Market, by Type
9.1.1.3.2 France: Video Editing Software Market, by Application
9.1.1.4 Italy: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.4.1 Italy: Video Editing Software Market, by Type
9.1.1.4.2 Italy: Video Editing Software Market, by Application
9.1.1.5 Russia: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: Video Editing Software Market, by Type
9.1.1.5.2 Russia: Video Editing Software Market, by Application
9.1.1.6 Rest of Europe: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: Video Editing Software Market, by Type
9.1.1.6.2 Rest of Europe: Video Editing Software Market, by Application
10. Europe Video Editing Software Market- COVID-19 Impact Analysis
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Key Company Profiles
12.1 Pixiko
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 KineMaster Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Avid Technology, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Corel Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 CyberLink Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 FXhome Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Adobe Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Apple, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Autodesk, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Lightricks Ltd. (Videoleap)
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Bending Spoons S.p.A. (Splice)
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word IndexLIST OF TABLES
Table 1. Europe Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. UK: Video Editing Software Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. UK: Video Editing Software Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany: Video Editing Software Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany: Video Editing Software Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 6. France: Video Editing Software Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. France: Video Editing Software Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy: Video Editing Software Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Video Editing Software Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia: Video Editing Software Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia: Video Editing Software Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe: Video Editing Software Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe: Video Editing Software Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 14. List of AbbreviationLIST OF FIGURES
Figure 1. Europe Video Editing Software Market Segmentation
Figure 2. Europe Video Editing Software Market Segmentation – By Country
Figure 3. Europe Video Editing Software Market Overview
Figure 4. Europe Video Editing Software Market Outlook
Figure 5. Europe Video Editing Software Market – Key Market Players
Figure 6. Europe Video Editing Software Market – Type Analysis
Figure 7. Europe Video Editing Software Market – Application Analysis
Figure 8. Europe Video Editing Software Market – Country Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Europe Video Editing Software Market – Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Europe Video Editing Software Market Impact Analysis of Drivers And Restraints
Figure 13. Europe: Video Editing Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Europe Video Editing Software Market Revenue Share, by Type (2019 and 2027)
Figure 15. Europe On-premise: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Europe Cloud: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Europe Video Editing Software Market Revenue Share, by Application (2019 and 2027)
Figure 18. Europe Commercial: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Europe Personal: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Europe: Video Editing Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 21. UK: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Germany: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. France: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Italy: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Russia: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Rest of Europe: Video Editing Software Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in Europe Country MarketsThe List of Companies - Europe Video Editing Software Market
- Adobe Inc.
- Apple Inc.
- Autodesk Inc.
- Avid Technology, Inc.
- Bending Spoons S.p.A.
- Corel Corporation
- CyberLink Corp.
- FXhome Limited
- Lightricks Ltd
- KineMaster Corporation
- PIXICO
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe video editing software market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe video editing software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the video editing software market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution