According to predictions, the market for art apps will likely be worth US$ 581 million in 2023 and US$ 1,867.7 million by 2033. Demand is expected to increase significantly over the course of the projection period, at a CAGR of 12.4%.
The rise of AI technology has transformed how art apps are created and used, as well as boosted demand for them. Due to the use of AI, art app developers are focusing on providing clients with experiences that are more individualised and focused.
It speeds up the development of new apps and enhances the user experience all around. Virtual reality can also be used to give detailed user activity analytics and boost app security. This will lead to an expected 1.1x rise in sales income between 2022 and 2023.
The demand for art apps has surged as a result of apps’ ability to produce fascinating content and engage users in interactive activities. The focus of market participants in the art app space is on how to offer businesses a personalised means of contact.
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Latest Projects Advancing the Art App Market Share
- An ongoing project available on mobile devices, Artkick searches and buys art online. Tens of thousands of pieces of art from galleries and dealers throughout the globe are available for users to browse.
- Designers have access to a wide range of image editing and alteration capabilities due to ArtApp. Using ArtApp, designers may add text to images, use filters, and alter colors.
- An online gallery that allows artists to display their work is referred to as a virtual gallery. It should have options like a search engine, prices, and reviews.
Key Takeaways
- The US art app market is anticipated to expand at a CAGR of 10.8% by 2033. The US dominated the market with a share of 23.7% in 2022.
- The market for art app increased at a 8.2% CAGR between 2018 and 2022, citing FMI’s study.
- The expansion in Germany is anticipated to expand at an adequate CAGR of 9.2% by 2033. Germany’s market generated more than 10.1% of total revenue in 2022.
- Japan’s demand for art app is estimated to have a CAGR of 11.1% by 2033.
- Between 2023 and 2033, the art app market is likely to increase in India at 12.4% CAGR, respectively.
- Based on deployment, web-based art app dominate industry, with a CAGR of 12.1% by 2033.
- Individual categories dominate the market’s revenue share based on end user, with a CAGR of 11.5% by 2033.
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Market Participants Setting New Standards for Art App Designs
The top players of the art app market have been significantly driven in recent years by the advent of new technologies like virtual reality and augmented reality. Key art app developers can now offer users a deeper, more interesting experience, enabling them to create and explore art in fresh ways. The expansion of social media has been essential to growing the market share for art apps.
- Cyberlink Corporation launched PhotoDirector 365, a comprehensive and dynamic photo editing tool, in November 2018. Layer Packs, HDR, Black & White and Split Tone Presets, Motion Still, Keystone Correction, and 360 picture editing are some of the user-friendly features of this photo editing program.
- In April 2022, Avid collaborated with Microsoft and Haivision to demonstrate technical video production solutions at NAB that provide more advanced remote controls.
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Key segments
By Deployment:
- Web-based Art App
- Mobile-based Art App
By End User:
- Professional Artists
- Individuals
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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