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Photo Editor App Market is Projected to have a Significant CAGR of 4.2% by 2033: Surging Demand for Best Quality Images Leads to High Number of Photo Editor App Downloads | Future Market Insights, Inc. Analysis

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DUBAI, United Arab Emirates, Jan. 16, 2023 (GLOBE NEWSWIRE) — It is estimated that the photo editor app market is likely to be valued at US$ 318.2 million in 2023, and likely to reach US$ 572.3 million by 2033. During the forecast period, the demand is anticipated to expand at a CAGR of 4.2%.

The adoption of photo editor app enables creative editing methods like bokeh, depth of field, and time-lapse, which improve the aesthetic appeal of the images overall. The growth of smartphones, social media facial recognition, artificial intelligence, and even virtual reality has an impact on the global photo editor app market.

Additionally, the installation of a photo editor app is encouraged by the need for digital photos and the corresponding development in camera technology. As social media has grown, more people are posting their photos on platforms like Instagram and Facebook.

Get a Full PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures, and Chart): https://www.futuremarketinsights.com/reports/sample/rep-gb-16105

The demand for photo editor app has surged as a result of users wanting to make sure that their photographs look their best before sharing them online. As a result, during the past few years, the number of downloads for photo editing apps has drastically increased.

Moreover, the app’s capacity to be customized and linked with existing corporate systems is also valued by enterprise users. Enterprise customers may also seek out apps that meet strict criteria for security, scalability, and customer service.

The market in India is being driven by the increase in the popularity of photo editor apps that use machine learning. Additionally, it is projected that the market is likely to rise as a result of the surging need for flipping capability and predetermined preset controls in the photo editor app.

Key Takeaways

  • By 2033, it is predicted that the US rule the photo editor app market, with a CAGR of 3.6%. It has a market share of 28.3% in 2022.
  • The market for photo editor app increased at a 5% CAGR between 2017 and 2022, citing FMI’s study.
  • The expansion in China is anticipated to expand at an adequate CAGR of 5.6% by 2033. China’s market generates a share of 16.3% in 2022.
  • Japan’s demand for photo editor app is estimated to have a CAGR of 6% by 2033.
  • Between 2023 and 2033, the photo editor app market is likely to increase in India at 8.5% CAGR, respectively.
  • Based on platform, Android/iOS segments dominate the industry, with a CAGR of 5.6% by 2033.
  • Artists/Individual segment dominate the market’s revenue share based on end users, with a CAGR of 6.2% by 2033.

Top Players are Aiming for the Largest Market Share.

The growing demand for AI-based photo editor app is advantageous for service providers. The higher subscription costs for the premium editions of the photo editor app are impeding the company’s ability to grow. Currently, key stakeholders are focusing on the adoption of photo and video apps with various access levels.

Ask us your questions about this report: https://www.futuremarketinsights.com/ask-question/rep-gb-16105

Major key players in the market are ACD System International Inc., Corel Corporation, Dxo Optic, Phase One A/S, MAGIX Software GmbH, Adobe Inc, On1 Inc. and Serif Ltd.

  • Adobe Photoshop Express has recently received an update for iOS and Android devices. Along with a redesigned user interface, the application also contains additional features including curves, support for RAW images, and improved editing tools.
  • Google has released a new software called Google Photos that lets users organize, edit, and store their photos on any device. The program additionally provides automated organizing, a variety of editing options, and the opportunity to share photos with close friends and family.

Key segments

By Platform:

  • Android/iOS
  • Windows
  • Mac

By End User:

  • Artist/Individuals
  • Enterprise Users
  • Educational Users

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

Get Special pricing with a flat 30% Discount on the purchase of this report: https://www.futuremarketinsights.com/checkout/16105

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

Browse Detailed Summary of Research Report: https://www.futuremarketinsights.com/reports/photo-editor-app-market

Explore FMI’s related ongoing Coverage on Technology Domain

Network Access Control (NAC) Market Size: The network access control (NAC) market revenue totaled ~US$ 1.9 Billion in 2021. The network access control market is expected to reach ~US$ 27.4 Billion by 2032, growing at a CAGR of 27.5% for 2022 – 32. 

Call Center AI Market Share: Global demand for call center AI is expected to rise at a yearly growth rate of 13.5% to be valued at US$ 6 Billion in 2032. 

Change Management Software Market Trends: The change management software market is projected to record a CAGR of 8.8% during the forecast period (2022 – 2032).

5G Industrial IOT Market Analysis: Newly-released 5G Industrial IOT industry analysis report by FMI shows that global sales of 5G Industrial IOT in 2021 was held at US$ 890.0 Million. With 28.1%, the projected market growth during 2022 to 2032.

5G IoT Market Growth: Newly-released 5G IoT industry analysis report by Future Market Insights shows that global revenue of 5G IoT in 2021 was held at US$ 2.6 Billion

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights, Inc.
1602-6 Jumeirah Bay X2 Tower, 
Plot No: JLT-PH2-X2A, 
Jumeirah Lakes Towers, Dubai, 
United Arab Emirates 
Email: [email protected]
Web: https://www.futuremarketinsights.com/
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Artificial Intelligence

VIVOTEK Launches Successful Make Tomorrow Easier, Today! Vision During ISC West 2024

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TAIPEI, April 18, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading IP security solution provider, announces that last week’s 2024 ISC West trade show in Las Vegas was a tremendous success as it unveiled the 2024 theme Make Tomorrow Easier, Today! to partners, attendees, and the media. Make Analytics Easier, Make Cloud Easier, Make Search Easier, and Make Integration Easier were the core essential components of the 2024 theme, and both the booth staff and visitors were very busy discussing its vision throughout the show. This also demonstrates that VIVOTEK’s AI security solutions and cloud-based service VORTEX attracted interests by many customers for their rich versatility in applications.

From the outset, it was clear that this year’s ISC West was going to surpass previous editions. There were more engagements, and these engagements lasted longer than the past as attendees and the media were hyper-focused on VORTEX, its new camera solutions, AI integration, re-launch of VIVOTEK Premium Partner Program, additional technology solutions, and the roll-out of the 2024 theme.
AI has quickly become a priority in the security industry, and it was a focal point of VIVOTEK’s strategy during the show as well. During its many sales and marketing meetings at ISC West, discussions primarily revolved around how to integrate AI into the product lines and software platforms, much to the gratification of its partners who are seeing a quickly growing need for this technology to satisfy their customers’ needs.
As many of its customers may know by now, VIVOTEK recently entered into an integration partnership with Kisi, a modern cloud-based access control solution based in Brooklyn, New York. This partnership aims to secure physical spaces dedicated to providing a seamless and efficient user experience, making Kisi ideally suited as a VIVOTEK partner. During ISC West, VIVOTEK provided Kisi with a station in the booth to perform demonstrations, which proved to be very popular during the show.
Throughout the event, VORTEX remained a central focal point and rapidly gained popularity among partners since its launch. This was evident throughout the show as the VORTEX station was continuously used for strategic demonstrations. As for the theme, attendees commended on how much they liked this year’s booth layout, how the message of “Making Tomorrow Easier, Today” was delivered in every stations, how accessible the staff was in meeting with them, and how much they enjoyed the partner reception party.
VIVOTEK’s commitment to innovation and customer-centric solutions shone brightly at ISC West, as evident in the overwhelmingly positive feedbacks it received from partners, end users, media, and even other exhibit manufacturers. VIVOTEK extends heartfelt thanks to everyone who contributed to making this year’s ISC West a tremendous success. We look forward to making next year’s ISC West even better!
Photo – https://mma.prnewswire.com/media/2390930/1.jpg

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Artificial Intelligence

aiOla’s Speech AI Technology Outperforms OpenAI’s Whisper in Recognizing Jargon

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aiOla’s model automates the creation of customized processes and workflows for conducting reports and inspections across industries such as manufacturing, supply chain and logistics, pharma, and more
TEL AVIV, Israel, April 18, 2024 /PRNewswire/ — aiOla, an AI-powered technology that automates business workflows by capturing spoken data, has announced a major milestone in speech recognition. aiOla’s solution, powered by a novel keyword spotting model, has advanced to match human proficiency in understanding industry-specific jargon. The patented AdaKWS model achieved 95% accuracy in keyword spotting, surpassing OpenAI’s industry-leading Whisper model which reached 88% accuracy.

Keyword spotting is an essential aspect of speech recognition that tackles the problem of identifying jargon by detecting predefined words and phrases. “Think about a courier delivery where your package arrives damaged. The courier needs to file a report using specific codes and acronyms that describe the situation — those codes and acronyms are keywords. Industry jargon is everywhere and in many fields, it dominates communication, comprising up to half of workers’ speech,” said aiOla’s CEO and co-founder, Amir Haramaty. “The ability to spot keywords enables automation of everyday processes across a wide range of industries, from filing a parcel damage report to completing a safety inspection in a food manufacturing plant, transforming speech into actions.”
aiOla’s process automation applications can accurately understand speech, jargon and acronyms across over 100 languages, regardless of accents and background noises. aiOla achieves this by combining its state-of-the-art keyword spotting model with a speech recognition model. The onboarding process takes mere hours: clients provide examples of their checklists or forms, and aiOla automatically generates custom language models for the use case. Workers are then able to complete their operations verbally using the aiOla app while keeping their eyes and hands on the equipment. aiOla’s exceptional ability to spot rare industry terms with high accuracy allows the platform to easily distinguish between speech related to work processes and everyday conversation.
The app leverages a proprietary model that was developed by aiOla’s team of scientists to recognize a predefined list of keywords within speech. This enables aiOla’s solution to be instantly adapted to the jargon of any industry without needing to retrain its AI model. On a benchmark of keyword and jargon detection that includes 16 languages, Whisper’s largest model yields 88% accuracy compared to aiOla’s model achieving 95% accuracy. Additionally, in a recent benchmark which is composed of hard-to-detect keywords taken from English language audiobooks, the CED model from a team of Apple researchers yields 92.7% whereas aiOla’s AdaKWS reaches 95.1% accuracy.
“Keyword spotting poses significant challenges due to the scarcity of training data, especially across diverse languages and dialects. It typically requires industry-specific fine-tuning to enable models to recognize jargon not commonly found in everyday speech,” said aiOla’s Chief Scientist, Professor Joseph Keshet. “Our model consistently surpassed the OpenAI Whisper baselines by a significant margin, achieving a substantial improvement compared to the top-performing baseline. Furthermore, our model is far more efficient, using 15x fewer parameters.”
To learn more about aiOla’s technology visit: https://aiola.com
Explore aiOla’s keyword spotting research: https://arxiv.org/pdf/2309.08561.pdf
About aiOla:
aiOla’s patented technology comprehends over 100 languages, and discerns jargon, abbreviations and acronyms, demonstrating a low error rate even in noisy environments. aiOla’s technology converts manual processes in critical industries into data-driven, paperless, AI-powered workflows through cutting-edge speech recognition.

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AMN utilises SpaceX’s Starlink Constellation to Connect Rural Villages in Nigeria

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LONDON, April 18, 2024 /PRNewswire/ — AMN is pleased to announce that the first AMN base station is now live using LEO backhaul from SpaceX’s Starlink. In 2023, AMN announced a commercial agreement to use Starlink, SpaceX’s constellation of satellites in low Earth orbit, to connect AMN’s mobile network base stations with high-speed, low-latency broadband services.

By utilising Starlink terminals to provide low-latency satellite backhaul, we are able to deliver the full capability of AMN’s unique multi-carrier radio access node (the ARN) with 3G and 4G as well as 2G, with ever-increasing amounts of bandwidth and data volumes demanded by subscribers whilst remaining economically sustainable. The LEO backhaul also paves the way for AMN to deliver 5G services, targeted before the end of 2024.
AMN began rolling out rural base stations in Nigeria in 2018, and the company now owns and operates 1600 base stations across the country. Yebu was the first rural community to be connected using AMN’s ubiquitous solar powered base station. The village is located approximately 80km from Abuja, but can take four hours to reach due to road conditions. Yebu is predominantly an agricultural community, with a market offering local farmers the opportunity to sell their goods.
Since connecting the community in November 2018, AMN has processed more than 9 million voice minutes in Yebu, with significant growth in 2022 and 2023 following the BTS upgrade to AMN’s own radio node (ARN). AMN became an OEM for RAN equipment in 2020 following the acquisition of Range Networks, and now operates more than 1200 ARN across Africa and Latin America. The impact of this strategic move is clear in Yebu. In 2023, the site processed almost three times the amount of traffic than it did in 2020.
“Yebu community was left behind and blind but the coming of Africa Mobile Networks in 2018 has made us to achieve a lot of things like police division station, 24 hours solar light and steady communication all over the world. Before then there was nothing like those things listed.” – Salihu, on behalf of the Yebu community
AMN believes that all communities of any significant size should have access to telecommunication services to benefit the population educationally, economically and socially. AMN has deployed over 4000 base stations across Africa and Latin America. Installation of new sites continues throughout 2024 in Nigeria, DRC, Cameroon, Madagascar, Ivory Coast, Benin and Rwanda. At AMN, we appreciate that any solution to close the digital divide must be economically sustainable and offer a service of the same quality as in urban areas. From designing and manufacturing our own BTS, uniquely developed for the solar-powered rural site, to offering cutting-edge backhaul solutions, we are committed to bringing high quality connectivity to those living in rural and ultra-rural areas.
CONTACT: Jennifer Darcy, [email protected], +44 1908 394482
 

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