The global digital audio workstation (DAW) market is expected to grow from $2.90 billion in 2019 to $4.08 billion in 2025, at a compound annual growth rate (CAGR) of 9.2% during the outlook period.
Digital Audio Workstation’s (DAW) are designed to record, edit, and manipulate audio. There are currently several DAWs in circulation in the industry, including Logic, Ableton, Fruit Loops, Garage Bunch and Cakewalk. Apart from that, Pro Tools is mainly used by professionals, because it is powerful and flexible by nature. Over time, the use and purpose of DAW has evolved and changed. DAWs were designed to record and manipulate sounds and music from the computer outside, much like other sophisticated editing software would. But due to various technological developments, they are now used to create music first hand. DAWs are widely used in the music industry, music or audio art of any genre can be created using them. Product innovation and upgrading is taking place in the digital audio workstation market. For example, in December 2014, Acoustica, Inc., which is one of the main key players, launched a new product under the brands Mixcraft 7 and Mixcraft Pro Studio 7.
There is greater adoption of various digital audio workstations due to technological improvements in R&D field by manufacturers in the market and also in entertainment and media industries to improve customer experience. In addition, several key players are using music production software widely known as digital audio workstations for music composition, music applications, digital recording, and electronic music creation.
Also, due to the increasing number of live shows and a number of professional DJs in the world, the market is expected to grow. Highly skilled personnel should focus on updating and innovating existing devices to bring new product to market to support market growth.
Recent Developments:
Market Growth and Trends:
Drivers and market Restraints:
The main drivers of growth in the digital audio workstation market include increased demand for HD video and audio, increased demand from the entertainment industry, increased use of technology in audio and video production. and the growing demand for high production capacity with less equipment. In addition, further adaptation by radio producers will drive the growth of the digital audio workstation market.
The main challenges in the digital audio workstation market are the rate of Internet penetration in the world, financial uncertainty and macroeconomic situations, such as currency exchange rates and economic difficulties, are some of the main factors that hinder the growth of the global digital audio workstation market.
Market segmentation:
Regional Analysis:
The global market for digital audio workstations by region encompasses North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (EMEA), and Latin America. North America has the largest market share due to the early adoption of advanced technology solutions, as well as vendor initiatives to reach the end user base. The United States and Canada are increasingly seeing the adoption of advanced technologies, including Android and Linux operating systems.
Key players in the market:
Main suppliers in this market are Apple (USA), Adobe (USA), Avid (USA), Steinberg (Germany), Ableton (Germany), MOTU (USA), Acoustica (USA), Native Instruments (Germany), MAGIX (Germany ), Presonus (United States), Cakewalk (United States), Inage Line Software (Belgium), Bitwig (Germany), Renoise (Germany) and Harrison Consoles (United States).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Digital Audio Workstation Market, By Type
6.1.1 Recording
6.1.2 Editing
6.1.3 Mixing
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Digital Audio Workstation Market, By End-Use
6.2.1 Non-Commercial
6.2.2 Commercial
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Digital Audio Workstation Market, By Component
6.3.1 Software
6.3.2 Services
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Digital Audio Workstation Market, By Deployment Mode
6.4.1 Cloud
6.4.2 Local
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Digital Audio Workstation Market, By Operating System
6.5.1 Mac OS
6.5.2 Windows
6.5.3 Linux
6.5.4 Market Size Estimations & Forecasts (2019-2024)
6.5.5 Y-o-Y Growth Rate Analysis
6.5.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By End-Use
7.2.4 By Component
7.2.5 By Deployment Mode
7.2.6 By Operating System
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By End-Use
7.3.4 By Component
7.3.5 By Deployment Mode
7.3.6 By Operating System
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By End-Use
7.4.4 By Component
7.4.5 By Deployment Mode
7.4.6 By Operating System
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By End-Use
7.5.4 By Component
7.5.5 By Deployment Mode
7.5.6 By Operating System
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By End-Use
7.6.4 By Component
7.6.5 By Deployment Mode
7.6.6 By Operating System
8. Key Player Analysis
8.1 Apple
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Adobe
8.3 Steinberg
8.4 MOTU
8.5 Presonus
8.6 Acoustica
8.7 Cakewalk
8.8 Bitwig
8.9 Renoise
8.10 Harrison Consoles
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
