It also provides a new non-destructive workflow The product features a Nik Selective Tool, the suite’s plugin launcher for Adobe Photoshop, and quick edit tools.
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In Jun-2020, DxO launched its Nik Collection 3, which is an upgrade to the plugin suite for Lightroom Classic, Adobe Photoshop, and DxO PhotoLab.
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A few developments by key players of the photo editing software market are: Players operating in the Photo editing software market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the photo editing software market. The growing advancements in camera technologies and subsequent enhancements in photo editing software are acting as driving factors for the growth of global photo editing software market.
The integration of advanced AI, computational photography options, increasing image resolution, and improvements in camera sensor technology are some of the trends that are impacting the camera market in a positive manner. The technology advancements in DSLR cameras, mirrorless cameras, and smartphone cameras have been growing at an unprecedented rate from past few years. The global photography industry growth has a direct correlation with the advancements in camera technologies in digital cameras as well as in smartphone cameras. The availability of innovative photo editing software for a wide variety of operating systems ranging from macOS, windows, android, iOS, and iPadOS in desktops, laptops, smartphones and tablets is fuelling the growth of global photo editing software marketĬontinuous Advancements in Camera Technologies Adobe Photoshop, Adobe Photoshop Lightroom, CyberLink PhotoDirector, DXO PhotoLab, Phase One Capture One Pro, ACDSee Ultimate, Corel PaintShop Pro, and Skylum Luminar are some of the most popular photo editing software in the market today. To keep up with these advancements, photo editing software providers are also enhancing their offerings by integrating advanced features such as artificial intelligence (AI) editing, facial recognition, layer editing, and content-aware edits among many others. The camera technology in smartphones and cameras is improving at an unprecedented rate in terms of sensor size, resolution, and features among others.
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Whether the photos are being taken by smartphones or professional cameras, every photographer needs a software to organize, manage, optimize and edit the digital photos.
The demand and usage of photo editing software among professional as well as amateur photographers has been growing at an impressive pace from past few years. Know Impact of COVID-19 on Photo Editing Software Market at With a large number of companies continuing to adopt remote working and increasing demand for online work flow, the need for advanced photo editing tools has increased among endusers in the past few months. Photography and photo editing industry has been flourishing at an impressive pace in the countries due to its high adoption among commercial and individual endusers. The COVID-19 crisis is anticipated to have a positive impact on the market in 2020. In context to its consumers, visual users, photographers, artists, and other professionals make use of various photo editing software such as Adobe, PicMonkey, Adobe Photoshop, and GIMP.Additionally, broad array of SMEs and large enterprises, company professionals, and individuals are using photo editing software.The global commercial segment is expected to reach US$ 609.1 million by 2022, which is expected to create a significant global demand for photo editing.īroad communities of users take advantage of photo editing apps for commercial projectsĪccording to our latest market research study on “Photo Editing Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis- by Type (Entry Level, Prosumer Level, and Professional Level), End User (Individual and Commercial), Platform (mac OS, Windows, Android, and iOS), and Geography,” the market was valued at US$ 773.3 million in 2019 and is projected to reach US$ 1,267.7 billion by 2027 it is expected to grow at a CAGR of 6.4% from 2020 to 2027.The report highlights the key factors driving the market growth, and prominent players and their developments in the market.ĬOVID-19 Impact on Photo Editing Software MarketĪccording to the World Health Organization (WHO) report, the US, Brazil, India, and Russia are some of the worst affected countries due to the COVID-19 outbreak. The rising demand for graphic content for marketing campaigns is contributing heavily towards the use of photo editing software.
Considering the fact that images play a vital part in business, majorly in the marketing world, the use of photo editing software is essential.Companies are conducting their business online with the help of paid ads and social media posts.