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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 the Music Industry to Bolster the Demand for Digital Audio Workstations

Digital audio workstations accounted for a market value of US$ 8.2 billion in 2018 and are expected to grow at a promising CAGR of 7.9% across the forecast period from 2019 to 2027. As computers' capabilities evolved, their ability to perform the 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 playback 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 have 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 are recorded. Such a digital system enables a record of as many tracks as allowed by the software, and additional takes are no longer required after deleting old ones. With rapidly growing advancements, digital audio workstations are projected to experience significant adoption across the forecast period.

Market Synopsis

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

The Android operating system is now the world's most commonly used platform and is used by many different smart device manufacturers. Android is partly an open-source platform. It is 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, so 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 the Android platform first. As a result, DAW manufacturers are steadily aiming to build their devices on such platforms to cater to a larger share of the targeted audience.

North America Garnered Lion's Share in the Digital Audio Workstation Market.

North America contributed the largest market share, credited to the early adoption of the most advanced technology solutions. The market here also stimulated vendors to reach a large end-user base. With growing advancements in technology, the market is expected to surge at a promising rate across the forecast period. Similarly, the region has the headquarters of a 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 a rapidly developing music industry, the Asia Pacific market is projected to highlight a higher growth rate across the forecast period.

Key players in the 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.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018

As the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027

Report Scope by Segments

The 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 the global interactive display market based on product type, panel size, industrial vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of digital audio workstations in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for digital audio workstations?
  • What are the key market trends observed in the digital audio workstation market?
  • Which are the most promising components, types, deployment models, operating systems, and end-users in the digital audio workstation market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key music industry trends across different geographies and sub-geographies?

Frequently Asked Questions:

The market for Digital Audio Workstation Market is expected to reach US$ 8.2 Bn in 2027.

The Digital Audio Workstation Market is expected to see significant CAGR growth over the coming years, at 7.9%.

The report is forecasted to 2019-2027.

The base year of this report is 2018.

Apple, Inc.,Acoustica, Inc.,Adobe, Inc., MOTU, Inc., Avid Technology are some of the major players in the global market.

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Godaddy
Published Date:  Aug 2019
Category:  Technology & Media
Report ID:   59844
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
Delivery Time: 24 Hours to 48 Hours   
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