Getting the right training as a video editor might open doors to new opportunities and help you hone priceless skills. Video editors are in high demand due to the widespread use of video marketing. With an average annual salary of $68,000 in the US, video editors are finding more and more work in the film and television industries, corporate settings, and on social media platforms. From 2021–2028, the global video editing software market is expected to grow at a CAGR of 4.5%, reflecting the increasing need for video content. Numerous career paths might open up for those with skills in video editing, including those in the corporate world, on video-sharing websites like TikTok and YouTube, and in the film and television industries.
Freelance video editors
Freelance video editors may be found on sites like Thumbtack, Upwork, Angie, and Craigslist.
In America, a video editor can expect to earn an average of $68,000 a year. The global market for video content creation is expected to reach $50 billion by 2026, driven by increased spending on video production by firms of all types.
Video editors must have excellent communication skills, knowledge of digital marketing and social media, the capacity to work under pressure, and a firm grasp of editing and animation software.
Video editors are utilized in a wide variety of industries, including film and television, advertising, educational institutions, healthcare, real estate, hospitality, finance, manufacturing, and review sites. By 2025, video content is projected to account for 80% of all internet traffic, further highlighting the importance of video editors.
Students can gain extensive knowledge and practical experience through intensive training programs like certificate programs and bootcamps. These programs assist students in developing video portfolios of a professional standard, which can be used to impress future employers.
New Developments in the Video Editor Field
The video editing industry is seeing some shifts, although traditionally it has focused on movies and television. With the popularity of video marketing on social media, more firms are turning to video editors to create content for them. This trend shows no sign of slowing down. Industry experts project that by 2030, the global social media video market will be worth $200 billion, driven by platforms like YouTube, Instagram, and TikTok.
Audiovisual Editing Positions
A career in video editing may open doors to many other fields, including cinema and television. Video editors are employed by businesses to create commercials and internal training videos. You might also explore music videos. Advertisements for products on social media are common, and companies regularly hire third parties to help with this. Independent, edited films made on platforms like YouTube and TikTok may be a profitable side hustle for vloggers.
Many video editors do freelance work, but there are also opportunities for those seeking corporate roles. Creating a digital résumé and advertising your services on platforms like Thumbtack, Upwork, Craigslist, or Angie is part of this process. Video editors may work long hours, either alone or as part of a small team, to complete a project. The average salary for a video editor in the United States is $67,250 a year. By 2020, 30,000 people were working as video editors in the United States, according to the Bureau of Labor Statistics. There will likely be a 29% increase in the number of people working in this field by 2030. Forecasts indicate that the internet video industry will reach $223.98 billion by 2028, which is likely to lead to an increase in demand for video editors.
Requirements for Positions in Video Editing
Becoming proficient with animation and editing software is essential if you want to work in video editing. Acquiring photographic skills is also highly recommended. Furthermore, you should possess excellent communication skills, accuracy, the ability to meet deadlines, and a keen sense of timing and storytelling.
A strong grasp of digital marketing and social media is also crucial for most video editors. Sixty percent of companies now utilize social media marketing videos, and 94 percent plan to continue doing so. The use of video in many areas of modern business is on the rise, including HR, customer service, operations, and management. The overwhelming majority of organizations now use video as a marketing tool, highlighting the growing importance of video editing skills.
Places Where Video Editors Are Employed
Here are eleven industries where video editors are often utilized. This is by no means an exhaustive list, but rather a selection of the most prominent fields.
Film and Television Studios
Major film and television studios employ a large number of video editors. The post-production crew hires them to bring the director's ideas to life. By 2025, the film and television industry is projected to generate more than $115 billion worldwide.
The Music Industry
Video editors create music videos that showcase musicians and their work. With a predicted annual growth rate of 6.1%, the global music video industry is booming, and music videos are playing an increasingly important role in artist branding.
Marketing and Advertising Agencies
Video editors hired by these agencies create commercials, corporate training videos, and internal films. Video advertising is expected to contribute significantly to the global advertising industry, which is projected to surpass $700 billion by 2025.
Media Organizations
Media companies employ video editors to produce engaging content for social media. By 2024, the global media and entertainment industry is expected to reach $2.9 trillion.
Education
Video editors are needed to create content for online learning platforms. The online education market is forecasted to reach $350 billion by 2025, with video content playing a significant role in this growth.
Healthcare
Insurance companies and hospitals utilize videos to educate the public. The healthcare video market is projected to expand at a CAGR of 5.5% from 2018 to 2026.
Real Estate
The real estate market is rapidly adopting virtual tours and walkthroughs. Experts predict the real estate video industry will continue expanding at a CAGR of 7.3% over the next five years.
Hospitality Industry
Restaurants and hotels use videos to promote their services and attract potential customers. By 2030, the global hospitality video marketing market is expected to reach $90 billion.
Financial Industry
Videos are used for advertising and internal training in the financial sector. The financial services industry is projected to grow at an annual rate of 6.4%, with video playing a major role.
Engineering and Manufacturing
Video editors create promotional and instructional videos for products and services in these sectors. As a result of increased advertising, the global market for engineering videos is expected to reach $10 billion by 2027.
A Video Editor's Preparation for Employment
A growing variety of industries are utilizing videos for instructional and promotional purposes, in addition to creating films and TV shows. Taking courses is an excellent way to acquire the skills needed to switch careers and become a video editor.
In Summary
The field of video editing is rapidly expanding, and learning the necessary skills is a great way to enter the industry. The Video Editing Bootcamp at Miracamp is the place to go if you want to excel in your field and advance your career quickly. You will master technical skills and gain practical experience by working on real-world projects with instructors from leading companies such as HBO and Netflix.
You will leave Miracamp with the knowledge and confidence to succeed, thanks to our coaching, portfolio assessments, and personalized feedback. Whether your professional goals lie in film, social media, or freelancing, our bootcamp will provide you with the tools to achieve them.
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