VideoProc is an editing suite specifically for 4K video.
4K video is a fast-growing market, with more than 214 million 4K consumer products shipped last year (Statista).
VideoProc’s GPU acceleration is designed to speed up the processing of high-quality video up to 47x. Which means the software can be run smoothly on most standard hardware.
Which is why VideoProc has amassed 4.5 million active users across 180 countries. And this number is growing 1.5x year over year.
Digiarty, the company behind VideoProc, has an estimated annual revenue of $15M.
VideoProc is part of the “video editing for the masses” meta trend.
VideoProc and direct competitors like Movavi and DaVinci Resolve are growing in popularity because they make 4K editing accessible to non-professionals.
There’s also an increasing number of mobile-based video editors.
At least 85% of all photos are taken on smartphones, and video is moving in a similar direction.
For example, YouCut has over 50 million downloads on the Play Store.
There’s also Videoleap: parent company Lightricks has raised $205M in total. And has an estimated annual revenue of $44.1M.
Other rapidly growing mobile video editing tools include KineMaster Pro, InShot, and LumaFusion.
The video editing software industry as a whole is expected to rise to $1.1B by 2025 (from $850M today).