Photo And Video App Market to Reflect Impressive Growth Rate, Worth $33.81 Billion By 2028
The global photo and video app market size is expected to reach USD 33.81 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 11.1% from 2021 to 2028.
The global photo and video app market size is expected to reach USD 33.81 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 11.1% from 2021 to 2028.
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Photo And Video App Market to Reflect
Impressive Growth Rate, Worth $33.81 Billion
By 2028
“The global photo and video app market size is expected to reach USD 33.81 billion by
2028. It is expected to expand at a CAGR of 11.1% from 2021 to 2028. The market
growth is attributed to the rising demand for jam-packed photo editing apps from the
consumers of India.”
The global photo and video app market size is expected to reach USD 33.81 billion by 2028, according to a new report
by Million Insights. It is expected to expand at a CAGR of 11.1% from 2021 to 2028. The market growth is attributed to
the rising demand for jam-packed photo editing apps from the consumers of India. Rapidly growing demand for auto-fix
videos and perspective correction video apps in China is set to drive the market in the years to come.
Rising demand for professional watermark-enabled apps is bolstering the market growth. Moreover, soaring demand for
AI-based speech bubble makers is aiding the market growth. At present, key players are focusing to provide web
wireframe editing tools across the globe. Growing demand for photo vignette digital apps is propelling the market
growth.
Key players are focusing to provide resizing features for photo and video apps. The key players are offering photo
functions such as the conversion of images to JPEG, PNG, and WEBP formats. Multiple companies are providing the
background remover feature with AI-based support. Correction patch, cloning stamp, cutter, and film grain module are
the prime features of the photo and video app, which reflects the positive growth during the assessment period.
The Apple iOS Store segment will witness the highest growth over the forecast period. This can be credited to the
growing demand for remote trigger video apps from consumers in the U.S. and the U.K. Additional security concerns and
seamless HFR video recording features are refueling the market growth. Multitasking features, protimer, and 3D
Tiltmeter are reflecting significant market growth during the forecast period.
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Asia Pacific captured the largest revenue share of over 45.0% in 2020 due to the rising demand for X-Skew video maker
apps from consumers in China and India. The growing trend in India to adopt digital apps with the feature of object
transformation and image retouching feature is fueling the regional market growth. The market in China is driven by the
rising demand for pre-made filter photo and video apps.
Photo & Video App Market Report Highlights
• Asia Pacific held the largest revenue share of over 45.0% in 2020. This can be credited to the rising demand for
graphics apps from the key players in China and India to provide one-click video editing solutions
• Based on marketplace, the Google play store segment held the largest share of over 60.0% in 2020. This can be
credited to the rising demand for Google photo assistant features for the photo and video app from consumers
in China and the U.S.
• The Apple iOS Store marketplace segment is projected to register the highest CAGR of 14.7% from 2021 to 2028.
This can be attributed to the growing demand for anti-piracy enabled editing tools from consumers of
developed economies such as the U.S. and Germany
• North America is projected to register the fastest CAGR of 14.1% from 2021 to 2028. Soaring demand for photo
enhancement apps in Canada is estimated to escalate the market growth over the forecast period
Photo & Video App Market Segmentation
Million Insights has segmented the global photo and video app market on the basis of marketplace and region:
• Photo & Video App Marketplace Outlook (Revenue, USD Million, 2017 - 2028)
• Google Play Store
• Apple iOS Store
• Others
• Photo & Video App Regional Outlook (Revenue, USD Million, 2017 - 2028)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Central & South America
• Brazil
• Argentina
• Rest of Central & South America
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
List of Key Players of Photo & Video App Market
• Google LLC.
• Apple Inc.
• Appello
• Day1 Technologies
• Savvy Apps
• Cleveroad
• Elinext
• Miquido
• Ethervision
• Kuaishou
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Research Support Specialist, USA
Email: ryan@millioninsights.com
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