Image Editing Software Market Size, Share, Growth, Trends, and Forecast 2030

Image Editing Software Industry Prospective:

The global image editing software market size was evaluated at $900 million in 2022 and is slated to hit $1,711 million by the end of 2030 with a CAGR of nearly 7.1% between 2023 and 2030.

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Image Editing Software Market: Overview

Image editing software is referred to as a huge application of digital photos that is utilized for cropping and refurbishing images and organizing them as per the end-user business requirements. Reportedly, the product can scan old film photography, transform them into digital images, and then restore them digitally through the removal of imperfections along with improving the quality of an image.  

Key Insights

• As per the analysis shared by our research analyst, the global image editing software market is projected to expand annually at the annual growth rate of around 7.1% over the forecast timespan (2023-2030)
• In terms of revenue, the global image editing software market size was evaluated at nearly $900 million in 2022 and is expected to reach $1,711 million by 2030.
• The global image editing software market is anticipated to grow rapidly over the forecast timeline owing to the launching of new camera systems along with the huge demand for high-quality images is projected to transform into a massive preference for image editing software.
• In terms of type, the RAW editing software segment is slated to register the highest CAGR over the forecast period.
• Based on application, the school segment is expected to dominate the segmental growth in the upcoming years.
• Region-wise, the Asia-Pacific image editing software industry is projected to register the fastest CAGR during the assessment timeline.

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Image Editing Software Market: Growth Factors

Innovations in the camera systems can result in huge growth of the market globally over 2023-2030

The launching of new camera systems along with the huge demand for high-quality images is projected to transform into a massive preference for image editing software, thereby driving the global image editing software market trends. The growing need for special effects including tints and colors will steer the expansion of the global market. A prominent increase in the demand for digital cameras and smartphones will steer the expansion of the market across the globe. The easy availability of HDD will further contribute to the humungous growth of the global market. New product launches are likely to favorably leverage the growth of the global market in the upcoming years.

For instance, in October 2023, Adobe Inc., a key software firm based in the U.S., declared that it would launch a new user-friendly AI-driven photo editing tool that can help users change images even without having prior experience editing images.

Image Editing Software Market: Restraints

Huge increases in product costs can restraint the expansion of the global industry          

A mammoth rise in the prices of products and restricted technical know-how along with easy access to free software versions on the web has cleaved the growth of the image editing software industry globally. Strict laws pertaining to the offering of software licenses to firms owing to piracy issues can pose a huge threat to the growth of the industry across the globe.

Image Editing Software Market: Opportunities

The introduction of 3D models can open a spectrum of new growth opportunities for the global market 

The creation of 3-D imaging systems including 3D smart vision, 3D imaging, and 3D alignment will open new facades of growth for the global image editing software market. A surge in the use of artificial intelligence in the photo editing processes is projected to create a pandora of growth opportunities for the global market.  

Image Editing Software Market: Challenges

Large-scale access to duplicate products at reduced costs can pose a big threat to the global industry in the coming years

Massive availability of counterfeit products along with the lack of strict laws in emerging economies to counter the sale of duplicate products can prove to be a huge challenge in the growth path of the global image editing software industry.

Image Editing Software Market: Segmentation

The global image editing software market is sectored into type, application, and region.                                    

In type terms, the image editing software market across the globe is segregated into RAW editing software and non-RAW editing software segments. Furthermore, the RAW editing software segment, which acquired nearly two-thirds of the global market earnings in 2022, is projected to record the fastest CAGR over the assessment timeframe. The growth of the segment during 2023-2030 can be due to the ability of the end-user to save changes or adjustments in the RAW editing software rather than the RAW file. Reportedly, an end-user can always revert to the beginning and make various kinds of edits in the same image. Furthermore, RAW editing software retains more details as well as colors in the images.

Based on the application, the global image editing software industry is sectored into school, individual, commercial, and other segments. Additionally, the school segment, which acquired a key share of the global industry in 2022, is anticipated to lead the segmental expansion in the next eight years. The growth of the segment over 2023-2030 can be owing to the humungous demand for image editing software in various educational institutes as well as in various academic disciplines.   

Image Editing Software Market: Report Scope

Image Editing Software Market: Regional Insights

North America is predicted to maintain its foothold in the global image editing software market even in the coming decade

North America, which contributed about half of the global image editing software market revenue in 2022, will be a key region in the coming eight years. Moreover, the regional market surge over the forecast timeline can be attributed to a prominent increase in social media activities along with the large-scale presence of fashion firms in countries such as the U.S. Thriving e-commerce sector and an increase in the online advertising activities will contribute lucratively towards the regional market earnings in the upcoming years. In addition to this, a supportive environment aiding the expansion of the video streaming sector in countries such as Canada and the U.S. will augment the growth of the regional market in the upcoming years. Furthermore, growing web connectivity and high internet bandwidth have translated into huge regional market growth.

The Asia-Pacific image editing software industry is set to record the highest CAGR in the next couple of years. The growth of the industry in the Asia-Pacific zone can be credited to a rise in the demand for products in the multimedia & animation sector in countries such as India and China. Moreover, the thriving film sector in countries such as India and Nepal has culminated in huge penetration & use of the product in film-making activities and streaming & screening of films & videos as well as photo shoots of film artists that require constant editing.

Key Developments

• In the first half of 2023, Pika, an idea–to-video tool, introduced an AI video editing application along with allocating funds worth $55 million for producing these apps.
• In April 2023, Runway, an AI start-up firm, which helped in developing an AI image generator referred to as Stable Diffusion introduced its first mobile application for providing the end-users with access to Gen-1, a video-to-video generative AI prototype.

Image Editing Software Market: Competitive Space

The global image editing software market profiles key players such as:

• Corel Corporation
• Macphun
• ACD Systems International Inc.
• Adobe Systems Software Limited
• ON1 Inc.
• Magix
• Software Ltd.
• Serif Limited
• CyberLink Corporation
• DXOMARK Image Labs SAS
• Zoner Inc.

The global image editing software market is segmented as follows:

By Type

• RAW editing software
• Non-RAW editing software

By Application

• Individual
• Commercial
• School
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa