Screenwriting and Scripting Software Market Statistics 2021: Hyper Growth Recorded in Future, Claims Report
Technological advancements and increasing digitization across the world are supporting the growth of the screenwriting and scripting software market.
PORTLAND, PORTLAND, OR, USA, Oct 13, 2021 /EINPresswire.com/ – Introduction of online movies and TV series, increase in mobile screenwriting and scripting software, and awareness of the many Benefits offered by the program fuel the growth of the global screenwriting and scripting software market. On the other hand, the availability of open source software is holding back growth to some extent. However, the increasing demand for screenwriting and scripting software in the Asia-Pacific region is expected to create multiple opportunities in the industry.
The global screenwriting and scripting software market was estimated to be worth $ 80.83 million in 2018 and is expected to reach $ 235.87 million by 2026, registering a CAGR of 14.4% from 2019 to 2026.
Based on geography, North America won the highest share in 2018, holding nearly half of the global screenwriting and scripting software market. This is due to the presence of a large number of key players in the province. At the same time, the Asia-Pacific region would post the fastest CAGR of 17.8% throughout the estimated period. This is attributed to the fact that the region is witnessing a dynamic shift in the adoption of analytical solutions and services across multiple verticals.
Profiling of key players: Celtx Inc., Final Draft, Literature and Latte Ltd., Mariner Software, Nuvotech Limited, Storyist Software LLC, StudioBinder Inc., Windward Studios Inc., Write Brothers Inc. and WriterDuet, Inc.
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Based on platform type, the desktop segment accounted for more than half of the global screenwriting and scripting software market share in 2018 and is expected to account for the lion’s share through to 2026. Availability of web-based screenwriting and scripting software with more powerful capabilities has fueled their end user adoption which in turn has driven the growth of the segment. Simultaneously, the mobile segment would represent the fastest CAGR of 16.6% during the forecast period. A number of well-known vendors in the global market are launching software for mobile devices such as smartphones and tablets, which is driving the growth of the segment.
Based on the mode of deployment, the on-premises segment contributed approximately three-fifths of the global screenwriting and scripting software market revenue in 2018 and is expected to maintain its dominance by the end of 2026. Accelerating adoption of onsite screen & scripting software by various professionals engaged in writing for television, film, theaters, video games and radio is driving the growth of the segment. The cloud-based segment, on the other hand, would experience the fastest CAGR of 16.1% from 2019 to 2026, as the major market players launch cloud-based software with many features as well as the availability of several already. available on the market for screen writing and cloud scripting software.
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