Product Code: 138866-08-22
"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$ 15.14 Bn in 2020 and expected to grow with a promising CAGR of 7.8% across the forecast period from 2021 to 2029. As computer's capabilities evolved, the 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 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 a digital system enables to record as many tracks as allowed by the software and additionally takes no longer required deleting old ones. With rapidly growing advancements, digital audio workstations projected to experience significant adoption across the forecast period.
"Android Operating System Referred as Most Lucrative Platform in Digital Audio Workstation Market"
An 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's share of the targeted audience.
"North America Garnered Lion Share in 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 advancement in the technology, market here expected to surge at a 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 the rapidly developing music industry, the Asia Pacific market 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 & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Audio Workstation market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Digital Audio Workstation market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Component
Software
Services
Type
Editing
Mixing
Recording
Deployment
On-premise
Cloud
Operating System
MAC
Windows
Android
Linux
End-user
Songwriters & Production Teams
Educational Institutes
Professional/Audio Engineers and Mixers
Artists/Performers
Electronic Musicians
Music Studios
Others
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Digital Audio Workstation market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Digital Audio Workstation market?
Which is the largest regional market for Digital Audio Workstation market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Digital Audio Workstation market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Audio Workstation market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Digital Audio Workstation Market
- 2.2. Global Digital Audio Workstation Market, By Component, 2021 (US$ Million)
- 2.3. Global Digital Audio Workstation Market, By Type, 2021 (US$ Million)
- 2.4. Global Digital Audio Workstation Market, By Deployment, 2021 (US$ Million)
- 2.5. Global Digital Audio Workstation Market, By Operating System, 2021 (US$ Million)
- 2.6. Global Digital Audio Workstation Market, By End-user, 2021 (US$ Million)
- 2.7. Global Digital Audio Workstation Market, By Geography, 2021 (US$ Million)
- 2.8. Impact of Covid 19
- 2.9. Attractive Investment Proposition by Geography, 2021
- 2.10. Competitive Analysis
- 2.10.1. Market Positioning of Key Digital Audio Workstation Market Vendors
- 2.10.2. Strategies Adopted by Digital Audio Workstation Market Vendors
- 2.10.3. Key Industry Strategies
3. Digital Audio Workstation Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Digital Audio Workstation Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Digital Audio Workstation Market: By Component, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Software
- 4.3.2. Services
5. Digital Audio Workstation Market: By Type, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Editing
- 5.3.2. Mixing
- 5.3.3. Recording
6. Digital Audio Workstation Market: By Deployment, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. On-premise
- 6.3.2. Cloud
7. Digital Audio Workstation Market: By Operating System, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. MAC
- 7.3.2. Windows
- 7.3.3. Android
- 7.3.4. Linux
8. Digital Audio Workstation Market: By End-user, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Growth & Revenue Analysis: 2021 Versus 2030
- 8.3. Market Segmentation
- 8.3.1. Songwriters & Production Teams
- 8.3.2. Educational Institutes
- 8.3.3. Professional/Audio Engineers and Mixers
- 8.3.4. Artists/Performers
- 8.3.5. Electronic Musicians
- 8.3.6. Music Studios
- 8.3.7. Others
9. North America Digital Audio Workstation Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Digital Audio Workstation Market: By Component, 2020-2030, USD (Million)
- 9.3. Digital Audio Workstation Market: By Type, 2020-2030, USD (Million)
- 9.4. Digital Audio Workstation Market: By Deployment, 2020-2030, USD (Million)
- 9.5. Digital Audio Workstation Market: By Operating System, 2020-2030, USD (Million)
- 9.6. Digital Audio Workstation Market: By End-user, 2020-2030, USD (Million)
- 9.7.Digital Audio Workstation Market: By Region, 2020-2030, USD (Million)
- 9.7.1.North America
- 9.7.1.1. U.S.
- 9.7.1.2. Canada
- 9.7.1.3. Rest of North America
10. UK and European Union Digital Audio Workstation Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Digital Audio Workstation Market: By Component, 2020-2030, USD (Million)
- 10.3. Digital Audio Workstation Market: By Type, 2020-2030, USD (Million)
- 10.4. Digital Audio Workstation Market: By Deployment, 2020-2030, USD (Million)
- 10.5. Digital Audio Workstation Market: By Operating System, 2020-2030, USD (Million)
- 10.6. Digital Audio Workstation Market: By End-user, 2020-2030, USD (Million)
- 10.7.Digital Audio Workstation Market: By Region, 2020-2030, USD (Million)
- 10.7.1.UK and European Union
- 10.7.1.1. UK
- 10.7.1.2. Germany
- 10.7.1.3. Spain
- 10.7.1.4. Italy
- 10.7.1.5. France
- 10.7.1.6. Rest of Europe
11. Asia Pacific Digital Audio Workstation Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Digital Audio Workstation Market: By Component, 2020-2030, USD (Million)
- 11.3. Digital Audio Workstation Market: By Type, 2020-2030, USD (Million)
- 11.4. Digital Audio Workstation Market: By Deployment, 2020-2030, USD (Million)
- 11.5. Digital Audio Workstation Market: By Operating System, 2020-2030, USD (Million)
- 11.6. Digital Audio Workstation Market: By End-user, 2020-2030, USD (Million)
- 11.7.Digital Audio Workstation Market: By Region, 2020-2030, USD (Million)
- 11.7.1.Asia Pacific
- 11.7.1.1. China
- 11.7.1.2. Japan
- 11.7.1.3. India
- 11.7.1.4. Australia
- 11.7.1.5. South Korea
- 11.7.1.6. Rest of Asia Pacific
12. Latin America Digital Audio Workstation Market, 2020-2030, USD (Million)
- 12.1. Market Overview
- 12.2. Digital Audio Workstation Market: By Component, 2020-2030, USD (Million)
- 12.3. Digital Audio Workstation Market: By Type, 2020-2030, USD (Million)
- 12.4. Digital Audio Workstation Market: By Deployment, 2020-2030, USD (Million)
- 12.5. Digital Audio Workstation Market: By Operating System, 2020-2030, USD (Million)
- 12.6. Digital Audio Workstation Market: By End-user, 2020-2030, USD (Million)
- 12.7.Digital Audio Workstation Market: By Region, 2020-2030, USD (Million)
- 12.7.1.Latin America
- 12.7.1.1. Brazil
- 12.7.1.2. Mexico
- 12.7.1.3. Rest of Latin America
13. Middle East and Africa Digital Audio Workstation Market, 2020-2030, USD (Million)
- 13.1. Market Overview
- 13.2. Digital Audio Workstation Market: By Component, 2020-2030, USD (Million)
- 13.3. Digital Audio Workstation Market: By Type, 2020-2030, USD (Million)
- 13.4. Digital Audio Workstation Market: By Deployment, 2020-2030, USD (Million)
- 13.5. Digital Audio Workstation Market: By Operating System, 2020-2030, USD (Million)
- 13.6. Digital Audio Workstation Market: By End-user, 2020-2030, USD (Million)
- 13.7.Digital Audio Workstation Market: By Region, 2020-2030, USD (Million)
- 13.7.1.Middle East and Africa
- 13.7.1.1. GCC
- 13.7.1.2. Africa
- 13.7.1.3. Rest of Middle East and Africa
14. Company Profile
- 14.1. Apple, Inc.
- 14.1.1. Company Overview
- 14.1.2. Financial Performance
- 14.1.3. Product Portfolio
- 14.1.4. Strategic Initiatives
- 14.2. Acoustica, Inc.
- 14.2.1. Company Overview
- 14.2.2. Financial Performance
- 14.2.3. Product Portfolio
- 14.2.4. Strategic Initiatives
- 14.3. Adobe, Inc.
- 14.3.1. Company Overview
- 14.3.2. Financial Performance
- 14.3.3. Product Portfolio
- 14.3.4. Strategic Initiatives
- 14.4. MOTU, Inc.
- 14.4.1. Company Overview
- 14.4.2. Financial Performance
- 14.4.3. Product Portfolio
- 14.4.4. Strategic Initiatives
- 14.5. Avid Technology
- 14.5.1. Company Overview
- 14.5.2. Financial Performance
- 14.5.3. Product Portfolio
- 14.5.4. Strategic Initiatives
- 14.6. Cakewalk, Inc.
- 14.6.1. Company Overview
- 14.6.2. Financial Performance
- 14.6.3. Product Portfolio
- 14.6.4. Strategic Initiatives
- 14.7. PreSonus Audio Electronics, Inc.
- 14.7.1. Company Overview
- 14.7.2. Financial Performance
- 14.7.3. Product Portfolio
- 14.7.4. Strategic Initiatives
- 14.8. Ableton Live
- 14.8.1. Company Overview
- 14.8.2. Financial Performance
- 14.8.3. Product Portfolio
- 14.8.4. Strategic Initiatives
- 14.9. Native Instruments GmbH
- 14.9.1. Company Overview
- 14.9.2. Financial Performance
- 14.9.3. Product Portfolio
- 14.9.4. Strategic Initiatives
- 14.10. Steinberg Media Technologies GmbH
- 14.10.1. Company Overview
- 14.10.2. Financial Performance
- 14.10.3. Product Portfolio
- 14.10.4. Strategic Initiatives
- 14.11. MAGIX
- 14.11.1. Company Overview
- 14.11.2. Financial Performance
- 14.11.3. Product Portfolio
- 14.11.4. Strategic Initiatives