Digital Audio Workstation - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Digital Audio Workstation is accounted for $1.85 billion in 2017 and is expected to reach $3.78 billion by 2026 growing at a CAGR of 8.3% during the forecast period. Increase in growing digitization of instruments and increased adoption of cloud-based digital audio workstations key driving factors for the market growth. However, the availability of free composing software is the factor hindering the market growth.
Digital audio workstation (DAW) is an electronic system, primarily designed for recording, editing, and playing back digital audio files. In more recent time, much technological advancement is taking place in the audio and video market. Media and entertainment sectors use a wide variety of active digital audio workstations. Music production software, also popularly known as a digital audio workshop (DAW), is widely used software for digital recording, musical composition, creating electronic music, and other musical applications. Popular DAWs software is Cockos REAPER, Image-Line FL Studio, Logic Pro X, Pro Tools, Ableton Live, Steinberg Cubase, Propeller head Reason and Bitwig Studio.
Based on deployment, cloud is one of the most favored segments of digital audio workstations and is evolving steadily due to the increasing number of users in different end-use industries. By geography, North America region is anticipated to generate maximum revenue for the digital audio workstations market and it constitutes the highest market share, owing to the early adoption of advanced technology solutions as well as initiatives taken by vendors to reach the end user base. The US and Canada are witnessing increased adoption of advanced technologies, including Android and Linux operating systems.
Some of the key players profiled in the Digital Audio Workstation include Ableton Live, MAGIX, Adobe, Audiotool, BandLab Technologies, Steinberg, Mark of the Unicorn, FL Studio, Apple, Native Instruments, Harrison Consoles, Acoustica, MuLab, Reaper, Reason, Renoise, and PreSonus.
OS Compatibilities Covered:
• Other OS Compatibility
• Type I
• Type II
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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