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2020
Screen And Script Writing Software Market

Screen and Script Writing Software Market

by Deployment Mode (On-premises and Cloud-based), Platform Type (Desktop-based and Mobile-based), and End User (Personal and Business): Global Opportunity Analysis and Industry Forecast, 2019-2026

Report Code: A06055
Pages: 180
Mar 2020 | 7242 Views
Author(s) : Rachita R , Vineet K
Tables: 105
Charts: 42
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Screen and Script Writing Software Market Statistics: 2026

The global screen and script writing software market size was valued at $80.83 million in 2018, and is projected to reach $235.87 million by 2026, registering a CAGR of 14.4% from 2019 to 2026. Screen and script writing software are used for writing screenplays. These software are similar to the word processor and are adopted by screenplay and script writers to write as well as edit scripts and screenplays. The software offers numerous shortcuts for quick typing of character names, which help in efficient collaboration with other writers globally. In addition, the software help in adding character notes, production notes, and scene reordering, which help them in facilitating script writing process easily. Some of the screen and script writing tools have production scheduling and budgeting features. Moreover, screen and script writing software provide various functions which allow writers to analyze their script for different roles or characters of the story.

Screen and Script Writing Software Market

By deployment mode, the on-premises segment garnered major screen and script writing software market share in 2018, and is expected to remain dominant during the forecast period. The growth of this segment is attributed to surge in adoption of on-premise screen and script writing software by various professionals engaged in writing for television, motion pictures, theaters, video games, and radios. However, the cloud-based segment is expected to witness highest growth rate in the upcoming years, as the demand for cloud-based screen and script writing software is expected to increase in the upcoming years This is attributed to the fact that key players of the market are launching cloud-based software with numerous features along with availability of several already existing cloud screen and script writing software in the market is opportunistic for the market

Screen and Script Writing Software Market
By Deployment Mode

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Cloud-based screen & script writing software would exhibit the highest CAGR of 16.1% during 2019-2026.

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By platform type, the desktop-based segment dominated the global screen and script writing software market share in 2018, and is expected to generate highest revenue during the forecast period, as availability of web-based screen and script writing software with more powerful capabilities has fueled their adoption among the end users. Number of vendors in the global market are launching software for mobile devices such as smartphones and tablets, which drives the screen and script writing software market growth. For instance, Final Draft, which is a top-selling screenwriting software entered the mobile market with the Final Draft Writer app, which enables screenwriters to easily send or share their Final Draft FDX files from their laptop to their iPad and iPhone.

Screen and Script Writing Software Market
By Platform Type

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Mobile-based screen & script writing software would exhibit the highest CAGR of 16.6% during 2019-2026.

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By end user, the business user segment dominated the global screen and script writing software market in 2018, and is expected to remain dominant during the forecast period, due to high adoption of these software among schools and universities, as it can easily be tailored into modules for teaching, thereby fueling the market growth. However, the personal segment is expected to grow at the highest CAGR in the screen and script writing software market forecast period.

North America dominated the global screen and script writing software market in 2018, and is expected to remain dominant during the forecasted period, owing to presence of large number of key players such as Final Draft, Celtx Inc., and others. Moreover, rise in the number of production houses in the U.S. has increased the adoption of screen and script writing software in the Americas. However, Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the fact that it is witnessing a dynamic change in the adoption of analytic solutions and services across multiple verticals.  In addition, rise in number of film academies, which constitute different screenwriting program in Asia-Pacific further fuels the growth of the market.

The report focuses on the growth prospects, restraints, and trends of the screen and script writing software market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global market.

Screen and Script Writing Software Market
By Region

2026
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR 17.8% during 2019-2026.

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Segment review

The global screen and script writing software market is segmented into deployment mode, platform type, end user, and region. On the basis of deployment type, the market is bifurcated into on-premises and cloud-based. By platform type, the market is divided into desktop-based and mobile-based. As per end user, the market is classified into personal and business. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The screen and script writing software market is dominated by the global screen and script writing software players such as Celtx Inc., Final Draft, Literature and Latte Ltd., Mariner Software, Nuvotech Limited, Storyist Software LLC, StudioBinder Inc., Windward Studios Inc., Write Brothers Inc., and WriterDuet, Inc.

Top impacting factors

Current and future Screen and Script Writing Software Market trends are outlined to determine the overall attractiveness of the market. Top impacting factors highlight the market opportunity during the forecast period. Factors such as introduction of online websites for streaming online movies and TV series, introduction of mobile-based screen and script writing software, and surge in awareness about numerous benefits provided by screen and script writing software are expected to significantly impact the market growth. However, availability of open-source software is anticipated to impede the market growth during the forecast period. On the contrary, increase in demand of screen and script writing software from the Asia-Pacific region is expected to provide major growth opportunities for the screen and script writing software market in the upcoming years.

Rise in mobile-based screen and script writing software

The availability of a number of screen and script writing software for mobile devices/smartphones is gaining high traction. Key players that already have a strong desktop-based consumer base are providing software for mobile devices such as smartphones and tablets, which can be easily accessible by end users anytime and anywhere. In addition, in the current situation, multiple free and paid mobile-based screen and script writing software are available in the market; for instance, Weekend Read, Storyist, and Celtx.

Increase in demand of screen and script writing software from Asia-Pacific region

The demand for screen and script writing software is increasing in the Asia-Pacific region due to the presence of major film studios and increase in number of production houses in the region. In addition, ongoing digitization in the film industry and major shift of consumers from TV to online movies and videos in Asia-Pacific are the major factors fueling the growth of the market. For instance, in 2018 online video revenue—which comprises net advertisement expenditure and subscription fees—was valued at $21 billion, and is expected to reach $48 billion by 2023 at a CAGR of 18%.

Key Benefits for Stakeholders:

  • This study presents the analytical depiction of global screen and script writing software market trends and future estimations to determine the imminent investment pockets.
  • A detailed analysis of the screen and script writing software market segment measures the potential of the market. These segments outline the favorable conditions for the market.
  • The report presents information related to key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the screen and script writing software industry.

Screen and Script Writing Software Market Report Highlights

Aspects Details
By Deployment Mode
  • On-premises
  • Cloud-based
By Platform Type
  • Desktop-based
  • Mobile-based
By End User
  • Personal
  • Business
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players CELTX INC., FINAL DRAFT (CAST & CREW COMPANY), LITERATURE & LATTE LTD, MARINER SOFTWARE, INC., NUVOTECH LIMITED (MOVIE OUTLINE), STORYIST SOFTWARE LLC, STUDIOBINDER INC., WINDWARD STUDIOS INC., WRITE BROTHERS, INC., WRITERDUET INC.
 

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 According to the CXOs of the leading companies, the global screen & script writing software market is expected to register substantial growth in future, owing to increase in streaming of online movies and TV series worldwide. Furthermore, rise in number of film academies, which constitute different screenwriting programs in countries such as the U.S. is anticipated to provide lucrative opportunities for the market. In addition, development of the media & entertainment industry in emerging regions, such as China, India, and South Korea, is opportunistic for the market. For instance, the Indian media & entertainment industry was valued at $25 billion in 2017 and is expected to reach $41.4 billion by 2019 at 10.5% CAGR. By 2020, India is projected to become the second largest online video and web series viewing audience globally, which is opportunistic for the market. However, lack of awareness about this software is expected to hinder the growth of the market during the forecast period. Conversely, it is expected to fade away as number of software vendors are promoting their solution.

Furthermore, strong presence of major players in the international and regional markets makes the global screen & script writing software market highly competitive. Key players of the market offer various features and different platforms in the script writing software, which leads to intense competition and price wars among them. Majority of market share of screen & scriptwriting software is garnered by some of the strong players such as Final Draft, Celtx, Screenwriter, and WriterDuet due to their strong brand awareness. For instance, according to a survey, almost 93% of professional screenwriters have used Final Draft, followed by Celtx.

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