Creative Software - CIS | Statista Market Forecast

In the year 2024, the Creative Software market in the CIS is anticipated to witness a substantial rise in revenue, with projections reaching US$81.57m.
It is expected that this growth will continue steadily with an annual growth rate (CAGR 2024-2029) of 1.34%.
This will lead to the market volume reaching US$87.17m by the year 2029.
In terms of global comparison, it is worth noting that United States is projected to generate the highest revenue in the Creative Software market, with an estimated amount of US$4.93bn in 2024.
The demand for creative software in the CIS market is growing rapidly, driven by the region's thriving creative industries and increasing adoption of digital tools.

Definition:

The Creative Software market covers software applications designed to support tasks such as graphic design, video editing, 3D modeling, music composition, and photo editing and are used for content creation, design, and media production.

Products in the Creative Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Creative Software market comprises revenue and revenue growth as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Adobe and Corel.

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Sound & video recording software, such as OBS Studio, Camtasia, and Riverside
Image & video editing software, such as Adobe Premiere Pro, DaVinci Resolve, and Final Cut Pro

Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Creative Software market in CIS has been experiencing significant growth in recent years, driven by a number of factors.

Customer preferences: One major factor driving growth in the Creative Software market in CIS is the increasing demand for digital content creation tools. As more and more businesses and individuals look to create digital content, the need for software that can help them do so has grown. Additionally, the rise of social media platforms has led to an increase in demand for tools that can help users create and share engaging content.

Trends in the market: One trend that is driving growth in the Creative Software market in CIS is the increasing popularity of cloud-based software solutions. These solutions offer users greater flexibility and accessibility, allowing them to work from anywhere with an internet connection. Additionally, cloud-based solutions often offer more affordable pricing models, making them more accessible to a wider range of users.Another trend in the market is the increasing focus on artificial intelligence and machine learning. These technologies are being used to enhance the capabilities of creative software, allowing users to automate repetitive tasks and generate more complex designs and content.

Local special circumstances: One factor that is unique to the Creative Software market in CIS is the relatively low cost of labor in the region. This has made it an attractive location for software development and outsourcing, which has in turn led to the growth of local software companies.

Underlying macroeconomic factors: The growth of the Creative Software market in CIS can also be attributed to broader macroeconomic factors, such as the increasing digitization of the global economy. As more businesses and individuals move online, the need for digital content creation tools has grown. Additionally, the growing popularity of e-commerce has led to an increase in demand for tools that can help businesses create engaging online content.Overall, the Creative Software market in CIS is poised for continued growth in the coming years, driven by customer demand for digital content creation tools, the increasing popularity of cloud-based solutions, and the growth of artificial intelligence and machine learning technologies. Additionally, local factors such as the low cost of labor and the growth of local software companies are likely to contribute to the continued growth of the market.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.