DUBLIN--(BUSINESS WIRE)--The "Europe Video Editing Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, and Application" report has been added to ResearchAndMarkets.com's offering.
Europe Video Editing Software Market is expected to reach US$ 673.51 million by 2027 from US$ 441.19 million in 2019. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027.
The report provides trends prevailing in the Europe video editing software market along with the drivers and restraints pertaining to the market growth. Comprehensive advantages of video editing software and its functional necessity is the major factor driving the growth of the Europe video editing software market. However, issues associated with free video editing software availability hinders the growth of Europe video editing software market.
The Europe video editing software market is segmented into type, application and country. Based on type, the Europe video editing software market is bifurcated into on-premises and cloud-based On-premises held the larger market share in 2019. 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 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.
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 are among the leading companies in the Europe 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.
Key Topics Covered:
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
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
7.2 Europe Video Editing Software Market, by Type (2019 and 2027)
8. Europe Video Editing Software Market Analysis - by Application
8.2 Europe Video Editing Software Market, by Application (2019 and 2027)
9. Europe Video Editing Software Market - Country Analysis
10. Europe Video Editing Software Market- COVID-19 Impact Analysis
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Key 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
For more information about this report visit https://www.researchandmarkets.com/r/wpn5qy