The video editing software market was valued at $3.09 billion in 2023 and is expected to grow to $5.13 billion by 2032, with a CAGR of 5.8%
Growth factors include expansion of the film and media sector, social media influence, increased internet accessibility, and technological advancements.
Top video editing software brands include Adobe Premiere Pro (35% market share), Final Cut Pro X (25%), and DaVinci Resolve (15%)
The number of paid video editing software users is projected to increase from 43 million in 2023 to 63.59 million by 2030
Adobe Premiere Pro and Final Cut Pro X are among the most popular brands in the US and UK markets.
In China, CapCut and InShot lead the market, particularly among mobile editors.
In South Africa, Adobe Premiere Pro and DaVinci Resolve are popular among professionals, while Filmora and CapCut appeal to casual users.
Video Editing Software Industry at a Glance
In 2023, the global market for video editing software reached a valuation of $3.09 billion. Projections indicate that this market is on track to grow to $5.13 billion by 2032, representing a compound annual growth rate (CAGR) of 5.8% from 2024 to 2032. The anticipated expansion of this market is attributed to several driving factors, including the burgeoning film and media industry, the pervasive impact of social media platforms, widespread internet accessibility, and ongoing technological advancements.
Furthermore, significant growth in the video editing software market is expected to occur primarily in the regions of Asia Pacific, South America, and Europe. This expansion will be closely followed by North America and the Middle East and Africa. Notably, key players in this market include industry leaders such as Adobe, Inc., Apple, Inc., Autodesk, Inc., Avid Technology, Inc., CyberLink Corporation, Corel Corporation, Magix Software GmbH, ArcSoft, Inc., TechSmith Corporation, and Wondershare Technology Group Co., Ltd.
Segmentation of the market can be based on various criteria, including component, deployment method, end use, and geographic region. The component segment may comprise both solutions and services, while deployment options could involve cloud-based or on-premise solutions. Additionally, end-use segmentation may include commercial and personal utilization, while the regional focus may encompass North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
How much is the Video Editing Software Industry Worth?
As of the end of 2023, the video editing software industry was valued at approximately $3.09 billion. Projections indicate that the industry is on track for substantial growth, with an estimated worth of $5.13 billion by 2032.
Video Editing Software Users Subscription Value (Worldwide) with Forecast from 2024 – 2030
The video editing software industry subscription revenue was valued at $3.09 billion in 2023 and is expected to reach $5.13 billion by 2032.
Factors driving this growth include the expansion of the film and media sector, the influence of social media, increased internet accessibility, and technological advancements.
Year
Estimated Number of Video Editing Software Paid Users
Estimated Average Annual Subscription Fee
Estimated Annual Subscription Value
2030
63.59 million premium/paid version user
$149.13
$9.47 billion
2029
60.23 million premium/paid version user
$141.73
$8.52 billion
2028
57.02 million premium/paid version user
$134.72
$7.67 billion
2027
53.95 million premium/paid version user
$128.09
$6.91 billion
2026
51.02 million premium/paid version user
$121.82
$6.21 billion
2025
48.22 million premium/paid version user
$115.89
$5.59 billion
2024
45.55 million premium/paid version user
$110.29
$5.02 billion
2023
43 million premium/paid version user
$105
$4.52 billion
2022
40 million premium/paid version user
$100
$4 billion
2021
38 million premium/paid version user
$95
$3.61 billion
2020
35 million premium/paid version user
$90
$3.15 billion
2019
32 million premium/paid version user
$85
$2.72 billion
2018
30 million premium/paid version user
$80
$2.40 billion
Top Video Editing Software Brands Market Share by Brand
The market for video editing software is growing quickly in 2024 because more people want high-quality videos, technology is improving, and there are more content creators. The biggest companies and their market shares are:
Adobe Premiere Pro (35%): This is the most popular choice because it has professional tools and works well with other Adobe products.
Final Cut Pro X (25%): Mac users like this one because it’s powerful and easy to use.
DaVinci Resolve (15%): This software is known for its strong color editing, and a good free version is available.
Avid Media Composer (10%): This one has been used for a long time for making movies and TV shows because it has good collaborative features.
Filmora (5%): Beginners and people in the middle like this one because it’s easy to use.
CapCut (4%): It’s becoming popular with people who use their phones to make videos for social media.
iMovie (3%): Some people like this one because it’s simple and works well with Apple devices.
Vegas Pro (3%): It has many editing options and features.
CyberLink PowerDirector (2%): This one is known for being affordable and having a lot of tools.
Other (20%): This includes smaller companies focusing on specific needs.
Brand
Estimated Market Share
Adobe Premiere Pro
35%
Final Cut Pro X
25%
DaVinci Resolve
15%
Avid Media Composer
10%
Filmora
5%
CapCut
4%
iMovie
3%
Vegas Pro
3%
CyberLink PowerDirector
2%
Other (including smaller players & niche software)
David leads the editing team at SendShort. With this help, the team delivers the latest guides on using your favorite social media apps and creating short-form content.
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