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Non-professional users that do not use photo editing software regularly usually prefer free software. The availability of free photo editing software is one of the major challenges in the market. The implementation of AI in the photo editing process will have a positive impact on the growth of the market during the forecast period. AI also automatically adjusts the noise level, sharpness, color balance, contrast, and brightness of the photo based on types such as portraits, selfies, objects, and landscapes. AI identifies bright areas and extracts details from shadows without any noise. The use of AI enhances photo quality and also saves time and operational cost by automating various steps. Market players are researching the extended use of AI in photo editing process. Increasing applications of AI in photo editing process is identified as the key trend in the market. With the growing adoption of smartphones, the demand for photo editing software will increase during the forecast period.
Smartphone manufacturers are also integrating photo editing features directly into the smartphones native camera application to view, alter, and manage the light balance and photo exposure effects in real-time.
The rapid adoption of smartphones is encouraging market vendors to provide photo editing tools specifically designed for smartphones. The rise in the number of smartphone users has consequently increased social media activity globally, which is increasing the demand for photo editing tools. This is due to the increased availability of low-cost smartphones in countries such as India, Vietnam, the Philippines, Sri Lanka, and Pakistan in APAC and Spain, Greece, and Turkey in EMEA.
The global smartphone market has expanded rapidly over the years. The market is driven by increasing smartphone penetration. The growth of the regional market can be attributed to factors such as the rise in social media advertising, the presence of major fashion houses, the growth of the online advertising market, the growth of the e-commerce market, and the growth of SMEs. North America will account for 37% of the global market growth during the forecast period. The report provides actionable insights and estimates the contribution of all regions to the growth of the global photo editing software market. Geography Overviewīy geography, the global photo editing software market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The segment is driven by the increasing use of social media platforms and the growth of the e-commerce and fashion industries. The market growth in the commercial segment will be significant during the forecast period. Technavio has segmented the market based on end-user (commercial and personal) and geography (North America, Europe, APAC, South America, and Middle East and Africa). Photo editing software market - Segmentation Assessment
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Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. It focuses on adoption rates in different regions based on penetration. The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. Photo editing software market – Customer Landscape Interpretation of porter's five models helps to strategize the business, for entire details – Downlaod a Sample Report The global cloud data warehouse market is fragmented, and the five forces analysis covers– Buy the report! Photo editing software market - Five Forces Gain deeper insights into the market study. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 37%. The market is estimated to grow at a CAGR of 9.27% during the forecast period.
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30, 2023 /PRNewswire/ - According to Technavio, the global photo editing software market size is estimated to grow by USD 542.87 million from 2021 to 2026. Photo editing software market 2022-2026 A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio
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