Transparency Market Research: High Demand for OTT Content amid COVID-19 Pandemic to Accelerate Growth of Digital Audio Workstations (DAWs) Market, Study by TMR finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Share this article
NEW YORK, April 27, 2021 /PRNewswire/
The music production software market is set to grow by USD 296.27 million, progressing at a CAGR of almost 8% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Music Production Software Market by Type, End-user, and Geography - Forecast and Analysis 2021-2025
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ableton AG, Adobe Inc., Apple Inc., Avid Technology Inc., Cockos Inc., Image Line Software NV, MAGIX Software GmbH, PreSonus Audio Electronics Inc., Reason Studios AB, and Steinberg Media Technologies GmbH are some of the major market participants. The Increasing adoption of DJ software to produce music will offer immense growth opportunities. To leverage the current opportunities, mar
tanmayFebruary 7, 2021
The Global
Digital Audio Workstation (DAWs) Market Research Report Forecast 2020 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the
novel COVID-19 pandemic on the Digital Audio Workstation (DAWs) market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehend Digital Audio Workstation (DAWs) data that enhances the understanding, scope, and application of this report.
Share this article
Share this article
ResearchAndMarkets.com s offering.
In 2019, the global music composing software market generated a revenue of $177.4 million and by 2030, it is predicted to attain a value of $1,871.5 million. Furthermore, the market is predicted to advance at a CAGR of 23.8% between 2020 and 2030.
The main factors fueling the progress of the market are the rising usage of online music streaming services, stable growth of the media and entertainment industry, and strong public preference for classical music shows around the world.
Additionally, the burgeoning demand for effective collaborations amongst musicians is causing the expansion of the market. Major factors such as digitization, connectivity with multiple devices, rapid technological advancements, and the emergence of several entertainment platforms are fueling the progress of the music composing software market. As per the PricewaterhouseCoopers (PwC) Global Entertainment & Media Outlook 2019-202