Filmora
Filmora - AI Video Editor
Edit Faster, Smarter and Easier!
OPEN
Best Cheap Yet Powerful Video Editing Software
  • Easy-to-use video editing tool for multiple platforms.
  • Offers various AI functions to create video in minutes.
  • 1-Click export video in different formats without a watermark.

Best Cheap Yet Powerful Video Editing Software

author avatar

May 21, 2024• Proven solutions

The demand for video content on social media is at an all-time high. This also means that the quality of videos posted on social media matters a lot. With the right video editing software, you get the creative freedom to make attention-grabbing videos constantly. In this article, we are going to take you through seven of the most affordable video editing apps for Macs and PCs.

Part 1. Need for Video Editing Tools: Industry Statistics

Statistics indicated the continued growth in the consumption of video content. There is also a significant increase in the use of video editing tools. Here are some notable figures:

  • Video Editing Software market size was valued at US$4079.1 million in 2022 and is projected to reach US$5198.23 million by 2028
  • An average person spends about 100 minutes per day watching online videos
  • 54% of people want to see more video content from marketers
  • Over 85% of internet users watch online videos each month
  • 86% of businesses use video as a marketing too
  • 93% of marketers who use video say that it’s an important part of their marketing strategy
  • 80% of video marketers say video has directly helped increase sales
  • An impressive 93% of companies report to acquire customers through social media

Top Affordable Video Editing Software: A Comparison Table

Video Editing Tool Compatibility Pricing Main Feature
Filmora (Top Recommend) macOS, Windows, Android, iOS Starts US$19.99 AI-powered features; Supports all video file formats; Fit beginners and intermedia users
VideoPad macOS, Windows Starts US$24.90 An impressive collection of transitions, visual effects, and text overlays
Adobe Premiere Elements macOS, Windows Lifetime license - US$99.99 Adobe Sensei AI technology automatically creates slideshows and collages from photos and videos
Magix Movie Edit Pro Windows Lifetime license – Starts US$69.99 More than 1500 visual effects to manipulate video clips
CyberLink PowerDirector Ultra macOS, Windows Lifetime license – Starts US$139.99 Compatible with a number of plug-ins and video effect packs such as Boris FX or proDAD
Vegas Pro Windows Lifetime license – Starts US$119 360-degree and multi-camera video editing
Final Cut Pro X macOS Lifetime license – US$299 Arrange video clips on the video editor’s magnetic timeline

Part 2. Video Editing Software for Less Than $100: Top 9 Best Tools

You no longer need access to professional video editing apps if you want to process the footage recorded in the 4K resolution, apply the Chroma Key effect to a video clip, or color grade a video since there are several options that are available for less than a hundred dollars that allow you to do all these things and much more. Let’s take a look at some of the best video editing apps that are not going to burn a hole in your budget.

Please keep in mind that the list is in no particular order of ranking, and the price may vary over time.

1. Filmora

Thousands of gamers, YouTubers, and social media video creators are already using Filmora because it is loaded with powerful features that are remarkably easy to use. The visual effects, transitions, AI features, or music libraries contain hundreds of different options that enable Filmora’s users to enhance color in their videos, switch between two shots smoothly, or create soundtracks with royalty-free music.

Download Win VersionDownload Mac Version

Price:

  • Subscription Plan: US$19.99 per month
  • Cross-Platform Plan: US$69.99 per year
  • Perpetual Plan: US$79.99

Compatibility: macOS, Windows, Android, iOS, iPad, online

What Makes Filmora Unique:

  • AI-powered features for automated video creation and editing
  • Supports nearly all video file formats
  • Processes 4K videos recorded with GoPro cameras or Full HD videos s
  • Export projects to YouTube or Vimeo directly
  • Low learning curve and user-friendly interface
  • Made to fit beginners and intermedia users
  • Free to try

You can check the detailed introduction of Filmora to find out why you should choose Filmora to edit videos.

2. VideoPad Video Editor

Working with 3D video footage, applying visual effects to 360-degree videos, or exporting videos in the 4K resolution are only a few reasons why VideoPad is one of the best cross-platform video editing apps on the market. It also comes with a wide range of features to make your video editing experience straightforward. The app doesn’t offer free music, which can slightly limit your options if you don’t have your own music you can use as a soundtrack. However, VideoPad lets you record voice-overs with a push of a button and it features an audio effects library that contains hundreds of professional sound effects.

videopad

Price:

  • Free demo version available
  • Lifetime license - US$24.99 for a Home Edition
  • Lifetime license – US$34.99 for a Master’s Edition 

Compatibility: macOS, Windows

What Makes VideoPad Unique:

  • Better control over transitions and other options.
  • Easy to use for beginners
  • Editing 360 videos with VideoPad is super easy

3. Adobe Premiere Elements

Adobe Premiere Elements is basically a lighter version of Adobe Premiere Pro that is aimed at social media video creators. Mastering the Adobe Premiere Elements won’t take too much of your time and it will enable you to produce captivating videos with ease.

adobe elements

Price:

  • 30-day free trial
  • Lifetime license - US$99.99

Compatibility: macOS, Windows

What Makes Adobe Premiere Elements Unique:

  • The Adobe Sensei AI technology automatically creates slideshows and collages from photos and videos
  • Creates highest quality video content
  • Additional features like Face Detection, Shake Reduction, or Smart Trim

4. Magix Movie Edit Pro

Magix Movie Edit Pro provides several automatic program wizards that are designed to shorten the amount of time required to make a video. You can just choose one of the automatic programs, and import the footage you would like to include in a project and Magix Movie Edit Pro will do the rest for you.

magix movie

Price:

  • 30-day free trial
  • Movie Studio Platinum - US$69.99 for a lifetime license
  • Movie Studio Suite - US$79.99 for a lifetime license
  • Movie Studio Ultimate - US$299 for a lifetime license

Compatibility: Windows

What Makes Magix Movie Edit Pro Unique:

  • Automatic and manual video editing
  • More than 1500 visual effects to manipulate video clips
  • Multi-cam video editing option and 360-degree videos are available on the Pro Plus version. 

5. CyberLink PowerDirector Ultra

You can hardly go wrong if you decide to purchase this award-winning video editing software, which features hundreds of video templates that enable you to make a new video in just a couple of minutes.

cyberlink

Price:

  • 30-day free trial
  • Perpetual License: US$139.99
  • Annual Plan: US$74.99

Compatibility: Windows

What Makes CyberLink PowerDirector Ultra Unique:

  • Automatic and manual video editing
  • More than 1500 visual effects to manipulate video clips
  • Multi-cam video editing option and 360-degree videos are available on the Pro Plus version. 

Part 3. Best Professional Video Editing Apps That Cost Under $300

1. Vegas Pro

It is difficult to imagine a video editing task you can’t perform with Vegas Pro. This video editing software supports nearly all video file formats, so you can edit footage captured with almost all digital video cameras.

vegas pro

Price:

  • Vegas Pro Edit – US$ 199-lifetime license
  • Vegas Pro Suite – US$ 299-lifetime license
  • Vegas Pro Post – US$ 399-lifetime license

Compatibility: Windows

What Makes Vegas Pro Unique:

  • HDR color support
  • 360-degree and multi-camera video editing
  • A broad range of compositing modes
  • Quick export directly to YouTube, Facebook, or Vimeo platforms.

2. Final Cut Pro X

There are so many reasons why industry professionals hold Final Cut Pro X in such high esteem. FCPX is undoubtedly an excellent choice for all filmmakers who need a wide spectrum of video editing tools to create movies that sweep audiences off their feet.

final cut pro x

Price:

  • 90-day free trial
  • US$299.99 for a lifetime license

Compatibility: macOS

What Makes Final Cut Pro X Unique:

  • Arrange video clips on the video editor’s magnetic timeline
  • Organize huge numbers of files easily
  • Creates stunning 2D and 3D motion graphics
  • Color correction tools with complete control over the hue, saturation, and other color values

Conclusion:

Purchasing video editing software is a long-term investment that will enable you to increase the quality of the videos you’re creating over time. This doesn’t mean that the videos you’re producing are going to become better overnight since most video editing apps only offer possibilities that can’t be properly utilized without proper video editing skills. 

Well, If you haven't decided which one to go for so far, I would strongly recommend Filmora to you. It's free to try, you can download it with the buttons below, and click through to see if it matches your needs.

Download Win VersionDownload Mac Version

author avatar
Ollie Mattison
Ollie Mattison is a writer and a lover of all things video.
You May Also Like
How to Trim YouTube Videos?

Trimming a video even after you’ve uploaded it to YouTube is a quick and easy process, and in this article, we are going to show you a few different methods you can use to trim your YouTube videos.

by Ollie Mattison May 21, 2024 10:10 AM

Best Video Editing Software for Beginners [2024 Top List]

The popularity of video content on social media networks has been soaring in the last couple of years, and it is only reasonable to expect this trend to continue. That’s the reason why in this article

by Ollie Mattison May 21, 2024 19:02 PM

4 Best Video Resume Makers in 2024

Video resumes can be quite effective if used in the right context, and that is the reason why we’ve decided to take you through some of the best video resume makers you can use to get the job you’ve a

by Ollie Mattison May 21, 2024 19:01 PM

author avatar

Ollie Mattison

staff Editor