Digital Audio Workstation Market By Component (Software, Services), By Type (Editing, Mixing, Recording), By Deployment Model (On-Premise, Cloud), By Operating System Type (MAC, Windows, Android, Linux), By End-user (Songwriters & Production Teams, Educational Institutes, Professional/Audio Engineers And Mixers, Artists/Performers, Electronic Musicians, Music Studios, Others) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

"Evolution of Technology Application in Music Industry to Bolster the Demand for Digital Audio Workstation"

Digital audio workstation accounted for the market value of US$ 8.2 Bn in 2018 and expected to grow with promising CAGR of 7.9% across the forecast period from 2019 to 2027. As computers capabilities evolved, ability to perform necessary amount of data storage and transfer to allow real-time data acquisition made them an attractive platform for the recording and mixing of sound and music. The traditional method to record, edit and play back sound files were on stereo systems. However, with advancements in technology it has become possible to record multiple channels of audio at reasonable sample rates and to store, process, mix and playback more complicated sessions. The low cost of small computers and the ability to add hardware to the system has allowed the development of recording hardware and software, which started the move that eventually created the modern digital audio workstation (DAW). DAWs allow non-destructive overdubbing and punching-in as tracks recorded. Such digital system enables to record as many tracks as allowed by the software and additional takes no longer required deleting old ones. With rapidly growing advancements, digital audio workstation projected to experience the significant adoption across the forecast period.

Market Synopsis

Digital Audio Workstations Market

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"Android Operating System Referred as Most Lucrative Platform in Digital Audio Workstation Market"

Android operating system is now the world’s most commonly used platform and used by many different smart device manufacturers. Android is partly an open source platform. It is more preferable as the interface and basic features of Android are customizable from top to bottom. Prior to this, iOS was the most preferred and lucrative platform for software developers, therefore there was a tendency for new applications to appear on iOS first. However, as Android’s market share is growing this has started to change as developers are targeting on Android platform first. As a result, DAW manufacturers are steadily aiming to build their devices on such platforms to cater lion share of targeted audience.

Digital Audio Workstations Market

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"North America Garnered Lion Share in Digital Audio Workstation Market"

North America contributed the largest market share, credited to the early adoption of most advanced technology solutions. The market here also stimulated vendors to reach the large end user base. With growing advancement in the technology, market here expected to surge with promising rate across the forecast period. Similarly, the region headquarters number of major market players such as, Apple Inc., Acoustica, Inc., Adobe Inc., MOTU, Inc., Avid Technology, Cakewalk, Inc. and PreSonus Audio Electronics, Inc. among others. Further, with rapidly developing music industry, Asia Pacific market projected to highlight higher growth rate across the forecast period.

Digital Audio Workstations Market

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Key players of digital audio workstation market include Apple Inc., Acoustica, Inc., Adobe Inc., MOTU, Inc., Avid Technology, Cakewalk, Inc., PreSonus Audio Electronics, Inc., Ableton Live, Native Instruments GmbH, Steinberg Media Technologies GmbH, and MAGIX among others.

Digital Audio Workstations Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Digital audio workstations report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global interactive displays market based on product type, panel size, industrial vertical and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Component Type Segment (2017–2027; US$ Bn)
 • Software
 • Services

 Type Segment (2017–2027; US$ Bn)
 • Editing
 • Mixing
 • Recording

 Deployment Model Segment (2017–2027; US$ Bn)
 • On-premise
 • Cloud

 Operating System Segment (2017–2027; US$ Bn)
 • MAC
 • Windows
 • Android
 • Linux

 End-user Segment (2017–2027; US$ Bn)
 • Songwriters & Production Teams
 • Educational Institutes
 • Professional/Audio Engineers and Mixers
 • Artists/Performers
 
• Electronics Musicians
 • Music Studios
 • Others

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the market size of digital audio workstation in 2018 and forecast up to 2027?         
  • Which is largest regional market for digital audio workstation?
  • What are the key market trends observed in the digital audio workstation?
  • Which are the most promising component, type, deployment model, operating system and end-user in digital audio workstation market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in market?
  • What are the key music industry trends across different geographies and sub-geographies?
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Published Date:  Aug 2019
Category:  Technology & Media
Report ID:   59844
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
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