| Source: Future Market Insights Global and Consulting Pvt. Ltd.
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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
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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
Digital Illustration App Market Segmentation
By App Type:
By End-user:
By Region:
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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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