Corel Corporation Strengths, Domain Expertise, and Key Differentiators
Over the years, Corel has brought a spirit of innovation to the development of a range of award-winning products that includes graphics, painting, photo, video, and office software. They have also earned a reputation for delivering high-quality products that are easy to learn and use, and help people achieve new levels of productivity. But more than that, they have built a relationship with tens of millions of community users.
Corel Corporation Recent Developments
In September Corel Corporation announced that Christa Quarles has been appointed as Chief Executive Officer and a member of the company’s Board of Directors. Ms. Quarles is an industry veteran, having recently served as CEO of OpenTable and having previously held executive roles at NextDoor, Inc. and The Walt Disney Company. Ms. Quarles succeeds former CEO Patrick Nichols who stepped down from the company earlier this year.
In March 2020 Corel launched it's CorelDRAW Graphics Suite 2020 enabling graphics professionals and teams to break down creative barriers with cutting-edge artificial intelligence (AI), impressive performance enhancements, and access to cloud-based collaboration to speed up the creative workflow. With a complete collection of professional applications for vector illustration, layout and typography, photo editing, and more, CorelDRAW Graphics Suite 2020 makes its debut with extensive updates to accelerate the creation of complex projects and graphics.
In February 2019, VideoStudio Ultimate 2019 delivers the latest version of Corel’s video editor streamlines its workflow, making it easier to create sophisticated videos with new color grading, custom transitions, dynamic split screen video, and more.
Corel Corporation Mergers and Acquisitions (M&A) Activities
In June 2018, Corel acquired Gravit Designer, a leading cross-platform, web-based vector graphic design application. Under the purchase agreement, Corel acquired all products and technology previously owned by Gravit GmbH.
In December 2017, Corel Corporation acquired ClearSlide Inc., the sales engagement platform leader that enables sales, marketing, and service teams to drive more successful customer interactions.
Corel Corporation Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Corel Corporation applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Corel Corporation and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Corel customers.
Corel Corporation Overview
Ownership: - x
Number of Employees: 3000
Functional Markets: Collaboration, Content Management, Customer Relationship Management, Product LifeCycle Management and Engineering,
Key Verticals: Aerospace and Defense, Automotive, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Corel Corporation Key Enterprise and Cloud Applications
Corel
Corel Corporation Revenues, $M:
| Type/Year | 2018 | 2019 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Corel Corporation Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Corel Corporation Enterprise Applications Revenues By Functional Markets, $M:
Corel Corporation Enterprise Applications Revenues By Verticals, $M:
Corel Corporation Revenues By Region, $M
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 Enterprise Applications Revenues, $M | 2019 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Corel Corporation Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Corel Corporation Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Corel Corporation Customers
No. of Corel Corporation Customers: 100 million
No. of Corel Corporation Enterprise Applications Customers: x
No. of Corel Corporation Cloud Customers: x
No. of Corel Corporation Cloud Subscribers: x
Corel has more than 100 million active users in over 75 countries and markets its products in more than 15 different languages. Corel company ClearSlide has 2000 customers, while Mindjet has 3000 clients.
Corel Corporation Market Opportunities, M&A and Geo Expansions
In March 2019, CorelDRAW Graphics Suite has dramatically expanded its product line with a powerful new version for Windows and an all-new, graphic design software suite built specifically for macOS. Designed from the ground up to make the most of each unique platform, both packages also include the new CorelDRAW. app for easy, on-the-go graphics creation. Finally, users have a true professional design contender available on their platform of choice, empowering the creation of bold, attention-grabbing graphics with pixel-perfect precision.
In June 2018, Corel Corporation introduced Painter 2019, the newest version of the industry’s most powerful and creative digital painting software. It is designed for professional and aspiring artists on Windows and Mac. Earlier in April the same year, Corel Corporation launched its newest version of CorelDRAW Graphic Suite 2018.
Corel's solution MindManager 2019 for Windows gives enterprises and business professionals powerful new ways to transcend the limits on what they can see, create, communicate, and achieve. The industry’s most robust and customizable information visualization software now delivers a wealth of new capabilities, including SmartRules to automate processes and workflows; Smart Shapes to enrich, clarify, and expand shared information; and powerful Tag and Icon views that make it easy to get a 360-degree perspective on projects, work, and world. MindManager 2019 enables businesses to uncover hidden possibilities, unite information and teams, and unleash productivity to do great work faster.
Corel Corporation Risks and Challenges
Expanding presence in emerging markets, such as China, India, Eastern Europe, and Latin America, by continuing to localize products in additional languages, expanding reseller network and direct sales force, and developing additional regionally focused versions of e-Store. These markets represent attractive growth opportunities for the company because they have not yet developed a loyalty to a particular brand of software. However, the expansion of our operations in these emerging markets will involve a number of risks, challenges, and uncertainties.
Corel Corporation Ecosystem, Partners, Resellers and SI
Corel Corporation has many Partner Programs. The Corel Training Partner Program (CTPP) provides the customers with the tools, resources, and expertise to implement training on Corel's leading software products. The Channel Partner Program is specially designed for businesses that sell and license Corel products. Corel also has an Affiliate Partner Program and Technology Partners.
Corel Corporation Cloud Infrastructure Insights
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- Corel Corporation Public Cloud and Infrastructure (IaaS)
- Corel Corporation Platform (PaaS)
- Corel Corporation Application Delivery
- Corel Corporation Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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