It is estimated that the art app market is likely to be valued at US$ 581 million in 2023, and likely to reach US$ 1,867.7 million by 2033. During the forecast period, the demand is anticipated to expand at a substantial CAGR of 12.4%.
The development of AI technology has increased the demand for art app and changed how they are developed and utilized. Developers of art app are concentrating on offering customers experiences that are more personalized and focused due to the usage of AI.
It expedites the creation of new apps and improves the user experience as a whole. In-depth statistics on user behavior can also be delivered through virtual reality, and app security can be increased. As a result, the sales revenue is anticipated to increase by 1.1x between 2022 and 2023.
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The capacity of apps to create captivating content and involve users in interactive experiences has increased the demand for art apps. Participants in the art app market are concentrating on how to provide a personalized method of communication with businesses.
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.
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
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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