Magisto is a mobile video editing software that is used for performing tasks like automated video editing and storytelling which pays attention to enterprises as well as consumers/users. It was not the first video editing software in this domain but surely with powerful AI-powered technology, Magisto did make a significant difference.
Photo and video editing app like Magisto was first founded in the year 2009 as SightEra by Dr. Oren Boiman (CEO) and Dr Alex Rav-Acha (CTO). The app was launched with the intention to make the video editing process a simple task replacing the old-school form of time-consuming form of video editing.
This video editing app received funding of $5.5 million in 2010 from Horizons Ventures and Magma Ventures Partners. Further, with the launch of the Magisto app on 20th September 2011, the app received an overwhelming response from the market. Within the two years of launch, this best photo and video editing app reached 5 million users worldwide.
In 2014, the organization reported reaching 20 million customers gaining 2 million new customers each month. The company was acquired by Vimeo for an estimated 200 million USD in 2019. By the end of the year 2019, this superb video editing app solely boasts over 50 million downloads. Even the official website used to claim to have more than 1000 million users and is a host to around 500 million videos.
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According to eMarketer forecast, around 2.72 million people around the world will watch video on their mobile phone in 2023.
Hence, it has made sufficient space for the video editing app industry, as maximum people like to edit their videos using a mobile app actively.Things to Consider When Developing a Video Editing AppHere's top things that developers need to consider while developing a video editing app:1.
Make a List of User-Friendly Features4.
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We all will be agree on a point that smartphones can’t be replaced by professional cameras and other related gadgets but the in-built modules can allow making the pictures with high-resolution and high-quality by photo editor.These photo-editor features help users or people to make their selfies and pictures look amazing and therefore, the representations of these photo shares.
A survey shows that around 68% of all the adult across the world tend to edit their photos before sharing it on any social platforms.If you are thinking to build your own photo editing app then this is the right time to invest into it as even Google has also come up with their own photo management app with amazing inbuilt features.
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