Dublin, May 03, 2019 (GLOBE NEWSWIRE) -- The "Digital Audio Workstation Market by Type (Recording, Editing, Mixing), End User (Professional/Audio Engineers and Mixers, Electronic Musicians, Music Studios), Component, Deployment Model, Operating Systems, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
This research estimates that the global digital audio workstation market is to grow from USD 2 billion in 2018 to USD 3.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.
The key factors driving the digital audio workstations market include the increasing digitization of instruments and the growing adoption of cloud-based digital audio workstations in the music industry to enhance the music production process.
Major vendors offering digital audio workstation globally include Apple (US), Adobe (US), Avid (US), Ableton (Germany), Steinberg (Germany), MOTU (US), Acoustica (US), Presonus (US), Magix (Germany), Native Instruments (Germany), Cakewalk (US), Image-Line (Germany), Bitwig (Germany), Renoise (Germany), and Harrison Consoles (US).
The study includes an in-depth competitive analysis of these key players along with their company profiles, recent developments, and key market strategies.
The growing digitization of instruments
Digitization is playing an important role in the media & entertainment industry. The music industry has evolved over time with several emerging technological advancements. Digitization has changed the way how music is recorded, edited, and shared. Professionals have switched from analog audio production to digital audio production, as it provides several advantages over analog audio production. More and more musical instruments are being digitized. These virtual instruments are cost-effective and offer the best experience to musicians. Users can play thousands of different virtual instruments through a single platform.
Increasing adoption of cloud-based digital audio workstations
Vendors are increasingly offering cloud-based deployment for digital audio workstation solutions. Cloud-based deployment of digital audio workstations has many advantages such as easy integration, better scalability, cost-effectiveness, and fewer technical issues over on-premises deployment. Cloud is encouraging emerging small-scale music producing companies to utilize digital audio workstation, which help them back their music securely on the cloud at a reasonable price, as they only pay for the resources they use.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Forecast
2.5 Research Assumptions and Limitations
2.6 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Digital Audio Workstation Market
4.2 Market: Market Share, By Region
4.3 Market, By Deployment Model
4.4 Market in Europe: Top 3 Operating Systems and Countries
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Digitization of Instruments
5.2.1.2 Increased Adoption of Cloud-Based Digital Audio Workstations
5.2.2 Restraints
5.2.2.1 Availability of Free Composing Software
5.2.3 Opportunities
5.2.3.1 Increasing Demand for AI-Generated Music
5.2.3.2 Growing Media & Entertainment Industry
5.2.3.3 Developing Digital Audio Workstations for the Android Operating System
5.2.4 Challenges
5.2.4.1 Playing and Recording Live Music Using Digital Audio Workstations
5.3 Industry Trends
5.3.1 Market: Use Cases
5.3.1.1 Use Case 1: Merging Technologies Launched A Digital Audio Workstation to Enable Utilization of Multiple Idle Cores for A Client
5.3.1.2 Use Case 2: Shure Distribution Provided A Customized Solution to Upgrade the Teaching Infrastructure of the University of Surrey
5.3.1.3 Use Case 3: Shure Distribution Deploys A Solution for Alvik School to Overcome the Limitations of Hearing Aid Technology
6 Digital Audio Workstation Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Increasing Need to Produce and Store Better Quality Music Drives the Software Segment's Growth
6.3 Services
6.3.1 Professional Services
6.3.1.1 Implementation and Consulting
6.3.1.1.1 Increased Demand and Adoption of Digital Audio Workstation Solutions Across the Media & Entertainment and Education Industries to Drive the Growth of Implementation and Consulting Services Segment
6.3.1.2 Training and Support
6.3.1.2.1 Advanced Technologies and Support Services, to Enhance the Growth of Market
6.3.2 Managed Services
6.3.2.1 Assuring Reliability and Business Continuity to Foster the Growth of Managed Services Segment
7 Market, By Type
7.1 Introduction
7.2 Editing
7.2.1 Ability of Digital Audio Workstation Software to Create Noise-Free Music Pieces Leads to Their High Demand
7.3 Mixing
7.3.1 Increasing Demand of End Users to Work With Multitrack Recording Drives the Mixing Segment's Growth
7.4 Recording
7.4.1 Increasing Demand to Record and Store Pieces of Music Generated From Different Sources Drives the Recording Segment's Growth
8 Market, By Operating System
8.1 Introduction
8.2 MAC
8.2.1 Market Share of MAC Segment is Affected By the Growing Demand for Windows and Android Devices
8.3 Windows
8.3.1 Easy Availability of Technical Support and Compatibility With Various Music Production Software Influence the Growth of the Windows Segment
8.4 Android
8.4.1 Increased Demand for Android-Compatible Digital Audio Workstation Solutions and Suites Driving the Key Players to Focus on Android
8.5 Linux
8.5.1 Increasing Need for Support for Linux and Music Product Software is Impacting the Usage for Music Production
9 Digital Audio Workstation Market, By Deployment Model
9.1 Introduction
9.2 On-Premises
9.2.1 Need for Secured Implementation and Privileged Usage to Remain the Major Factors Driving the Adoption of On-Premises Solutions
9.3 Cloud
9.3.1 Increased Demand for Easy Implementation and Affordable Solutions to Drive the Adoption of Cloud-Based Digital Audio Workstations Solutions
10 Market, By End User
10.1 Introduction
10.2 Professional/Audio Engineers and Mixers
10.2.1 Easy to Use Interface and Easy Synchronization With Multiple Audio Tracks Drives the Adoption of Digital Audio Workstation Solutions By Professional/Audio Engineers and Mixers
10.3 Songwriters and Production Teams
10.3.1 Increasing Demand for Cutting-Edge Tools Drives the Market Growth Among Songwriters and Production Teams
10.4 Electronic Musicians
10.4.1 Increasing Demand for Providing Superior Listening Experience Leads to Higher Adoption of Digital Audio Workstations
10.5 Artists/Performers
10.5.1 Ability to Refine and Create Better Quality Music Leads to High Demand for Digital Audio Workstations Among Artists/Performers
10.6 Educational Institutes
10.6.1 Ability to Create Shared Audio Projects is Leading to Increasing Adoption By Educational Institutes
10.7 Music Studios
10.7.1 Innovations in Digital Audio Workstations to Analyze the Recorded Signals' Content Accurately Drives the Market Growth
10.8 Others
11 Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East & Africa
11.6 Latin America
12 Competitive Landscape
12.1 Microquadrant Overview
12.1.1 Visionary Leaders
12.1.2 Innovators
12.1.3 Dynamic Differentiators
12.1.4 Emerging Companies
12.2 Strength of Product Portfolio
12.3 Business Strategy Excellence
13 Company Profiles
13.1 Apple
13.2 Adobe
13.3 AVID
13.4 Steinberg
13.5 Ableton
13.6 Motu
13.7 Acoustica
13.8 Native Instruments
13.9 Magix
13.10 Presonus
13.11 Cakewalk
13.12 Image-Line
13.13 Bitwig
13.14 Renoise
13.15 Harrison Consoles
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