Creative Software - Italy | Statista Market Forecast

Italy is expected to experience a significant growth in the Creative Software market.
According to projections, the revenue in this market is set to reach US$111.90m in 2024.
It is anticipated that the market will continue to grow at an annual growth rate of 0.39%, resulting in a market volume of US$114.10m by 2029.
When compared globally, United States is expected to generate the highest revenue in the Creative Software market, with a projected revenue of US$4.93bn in 2024.
Italy's creative software market is flourishing, with a growing demand for innovative tools and platforms to support the country's rich artistic and cultural heritage.

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

Italy, known for its rich cultural heritage and artistic heritage, has a growing market for creative software.

Customer preferences: The Italian market for creative software is driven by a growing demand for graphic design, photo editing, and video editing software. Italian customers prefer software that is easy to use and has a user-friendly interface. They also value software that offers a wide range of features and customization options.

Trends in the market: The Italian market for creative software is experiencing a trend towards cloud-based solutions. This is due to the growing need for remote work and collaboration. Additionally, there is a growing trend towards mobile app-based solutions, as more and more people are using smartphones and tablets for creative work. Another trend in the market is the increasing demand for subscription-based pricing models, which offer customers more flexibility and affordability.

Local special circumstances: Italy has a vibrant creative industry, with a strong tradition of art and design. This has led to a high demand for creative software in the country. Additionally, the Italian market is characterized by a large number of small and medium-sized businesses, many of which require creative software for their operations.

Underlying macroeconomic factors: The Italian economy has been experiencing slow but steady growth in recent years. This has led to increased consumer spending and investment in technology. Additionally, the Italian government has implemented policies to encourage the growth of the technology sector, which has had a positive impact on the creative software market. However, the Italian market is also characterized by a high level of competition, with many international and domestic players vying for market share.

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.