(MENAFN- GlobeNewsWire - Nasdaq) DUBAI, United Arab Emirates, Dec. 22, 2022 (GLOBE NEWSWIRE) -- In 2022, the market for digital illustration apps was estimated to be worth US$ 157.1 Mn . The market is anticipated to increase from US$ 181.1 Mn in 2023 to US$ 816.2 Mn by 2033, growing at a CAGR of 14.4% over the forecast period.
Numerous freelance workers and creative professionals across the world identify as designers, illustrators, videographers, photographers, web developers, marketers, animators or fashion editors. These digital illustration apps are necessary for their content creation. Preference for digital illustration applications is growing since they let users produce art that looks professional. They also offer contemporary pattern pens and have a better color range and paint quality.
The straightforward interface of these applications enables users to experiment with unique digital art effects, and it is accessible on Android, iOS, Windows, and Mac. The need for precise digital drawing and sketching in a variety of applications and formats is expected to increase over the forecast period.
The usage of digital illustration apps in enterprises is growing fast. These businesses suffer many difficulties that can be related to their expansion, such as increasing business needs, the fluidity of their workforces, and a lack of time-bound projects that lower productivity. The increasing usage of creative digital art by small businesses is another important factor driving the market. They use these illustrations in their marketing campaigns to draw in their potential customers.
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Online art software and apps are evolving, and they are focusing on providing high-quality tools for better image illustrations. Social media and digital marketing are popular across all sectors presently. Companies and entrepreneurs are likely to adopt digital illustration applications to support virtual selling to spread in the market.
The digital illustration app market is expected to be dominated by North America owing to the immense technological development taking place. However, South Asia is expected to witness the fastest growth during the forecast period.
Key Takeaways
The market for digital illustration apps in the United States is anticipated to grow at a CAGR of 10.2% through 2033. With a CAGR of 1 3.3%, the German digital illustration app market is expected to grow significantly during the forecast period. With a CAGR of 19.3% throughout the research period, India is predicted to grow rapidly in the market for digital illustration apps by 2033. The digital illustration app market in China is expected to grow at a CAGR of 18.5% over the forecast period. With a CAGR of 10.3% throughout the research period, the market for digital illustration apps in Japan is anticipated to increase speedily. The Android/iOS category of the digital illustration app market's app type segment is predicted to develop at a CAGR of 16.3% through 2033. In the market for digital illustration apps, the personal users section of the end-user category is estimated to showcase a CAGR of 13.3%% over the forecast period.
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Competitive Landscape
The top manufacturers of the digital illustration app market are Adobe Inc., Corel Corporation, Krita Foundation, SYSTEMAX, Inc., Ibis Mobile Inc., Savage Interactive Pty Ltd, MediBang Inc., Sergei Komarov, The GIMP Team, Serif Labs, Ambient Design, FXhome, Clip Studio Paint and others.
These companies have used a variety of tactics to raise their market share in digital illustration apps. To increase its clientele and revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.
Recent Developments
In October 2022, the newest updates for Adobe Express were revealed by Adobe at Adobe MAX, the world's largest creativity conference. Adobe Express is a template-based online and mobile tool. It enables creators to effortlessly generate, modify, and share distinctive content wherever they are, In July 2021, FXhome updated the very advanced picture-making application Imerge Pro. In addition to the eight new effects, the update added new presets for effect stacking and underwent considerable modifications to the effects interface. Imerge Pro has avoided being grouped with other Photoshop alternatives by employing a method of picture production that is adjustable, versatile, and built for the various user workflow processes. Because of its flexible, non-destructive features and procedures, Imerge is perfect for creatives.
Digital Illustration App Market Segmentation
By App Type:
By End-user:
Personal Users Enterprise Users Digital Artist
By Region:
North America Latin America Europe East Asia South Asia Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter's Analysis
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