The photo editing software market was valued at US$ 773.3 million in 2019 and is projected to reach US$ 1,267.7 million by 2027. The Photo editing software market is expected to grow at a CAGR of 6.4% during the forecast period of 2020 to 2027.
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. 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 camera technology in smartphones and cameras is improving at an unprecedented rate in terms of sensor size, resolution, and features among others.