The Era of AI Video Editing: Industry Trends & Statistics
With the video content boom on YouTube, TikTok, Instagram Reels, and corporate webinars, AI video editing has revolutionized the landscape. Statista puts the global video editing software market at more than $3.2 billion in 2027, and the enormous segment of that includes AI solutions. Applications such as ShotCut AI, Pictory, and Wisecut are transforming editing by utilizing the power of AI technology to trim, caption, transitions, etc., accelerate and save edit time by up to 70%.
Content creators, teachers, influencers, and marketers needing more rapid turnaround time and enhanced production quality drive the need to create an AI video editing app, a smart business move for business and tech startup entrepreneurs to get on the bandwagon of creative automation.
Market Leaders: Who's Riding the AI Video Editing Wave
ShotCut AI will probably be the top one here. With its native interface, sophisticated scene detection, and real-time editing, ShotCut AI uses machine learning to accelerate editing as much as it eases editing. Some competitors such as Magisto, Lumen5, and Descript have done everything they could to add voice cloning, auto-podcasting, and storyboarding functionalities to their products, but ShotCut AI excels at finding the ideal balance of automation and free-hand liberty.
Key Features in Your AI Video Editor App
In order to make a successful AI video editor, your app should have:
- Auto Trimming & Highlight Detection: AI recognizes and saves the most interesting part of the video.
For a deeper dive into this topic, check out the full article here: Cost to Build an App Like ShotCut AI
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