“Digital Audio Workstation Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital audio workstation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for digital audio workstation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The digital audio workstation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Editing; Mixing; Recording
- 2) By Component: Software; Services
- 3) By Deployment: On-Premises; Cloud
- 4) By Operating System: Mac; Windows; Android; Linux
- 5) By End User: Professionals/Audio Engineers and Mixers; Songwriters and Production teams; Electronic Musicians; Artists/Performers; Education Institutes; Music Studios; Others End users
- Companies Mentioned: Apple Inc.; Avid Technology Inc.; Adobe Inc.; Acoustica Inc.; MAGIX Software GmbH
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the digital audio workstation market are: Apple Inc., Avid Technology Inc., Adobe Inc., Acoustica Inc., MAGIX Software GmbH, Cakewalk Inc., BandLab Technologies, Ableton AG, Presonus Audio Electronics Inc., Steinberg Media Technologies GmbH, MOTU Inc., Cockos Incorporated, Image Line Software, Dirac Research AB, REASON INC., and Yamaha Corporation .
The global digital audio workstation market is expected to grow from $2.46 billion in 2022 to $2.71 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital audio workstation market is expected to reach $3.84 billion in 2027 at a CAGR of 9.1%.
The digital audio workstation market consists of revenues earned by entities by providing live instrument or voice, audio looping, audio mixing, and audio effects. The market value includes the value of related goods sold by the service provider or included within the service offering. The Information technology market also includes sales of digital audio processor, sequencer, and virtual instruments which are used in providing recording services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A digital audio workstation is a digital interface that helps the user to record audio while it also has other features such as mixing and editing which can be beneficial for the user. The digital audio workstation system also has additional features such as filters, file management, organization tools. It is used for recording, mixing, and editing audio without the need for physical instruments.
North America was the largest region in the digital audio workstation market in 2022. The regions covered in the digital audio workstation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of digital audio workstation include editing, mixing and recording and the components are software and services. The software in digital audio workstation are used for editing and mixing audio. Software in digital audio workstationthat can direct an application to perform a specific function.The digital audio workstation is deployed on-premises and cloud in operating systems such as mac, windows, android and linux. The end-user of digital audio workstation include professionals/audio engineers and mixers, songwriters and production teams, electronic musicians, artists/performers, education institutes, music studios and others.
The growing demand for high-definition audio drives the digital audio workstation market forward. High-definition audio is a high bandwidth audio signal used in recorded music. Digital audio workstations come with a feature to produce high-definition audio. For instance, in 2021, according to the state of the sound report by Qualcomm, an American manufacturer of semiconductor devices, software, and technologies, 55% of the respondents agreed that they were likely to subscribe to an HD streaming service and 53% of the respondents were looking for either high-resolution or lossless audio quality. 51% of the respondents agreed that sound quality was the most important factor when buying truly wireless earbuds. Therefore the increasing demand for high-definition audios drives the digital audio workstation market forward.
Technological advancements are a key trend gaining popularity in the digital audio workstation market. Major companies in the market are launching new technologies such as the new 'CoSo app' to sustain their position in the market. For instance, in May 2022, Splice, a New York-based designer and developer of technologies for music creators, launched its new app 'CoSo'. The new app is based on AI technology for making beats and music. It has various features such as social integration to share the creation directly on social media.
In November 2021, Fender Musical Instruments Corporation, an American manufacturer of musical instruments and amplifiers, acquired PreSonus Audio Electronics Inc. for an undisclosed amount. The acquisition would combine the capabilities of both companies and would help Fender to achieve the future of music technology and achieve their goals. PreSonus Audio Electronics Inc. is an American manufacturer of digital audio workstations and other equipment and software.
The countries covered in the digital audio workstation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products
The digital audio workstation market research report is one of a series of new reports from The Business Research Company that provides digital audio workstation market statistics, including digital audio workstation industry global market size, regional shares, competitors with an digital audio workstation market share, detailed digital audio workstation market segments, market trends and opportunities, and any further data you may need to thrive in the digital audio workstation industry. This digital audio workstation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Digital Audio Workstation Market Characteristics
3. Digital Audio Workstation Market Trends And Strategies
4. Digital Audio Workstation Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Digital Audio Workstation Market
- 4.2. Ukraine-Russia War Impact On Digital Audio Workstation Market
- 4.3. Impact Of High Inflation On Digital Audio Workstation Market
5. Digital Audio Workstation Market Size And Growth
- 5.1. Global Digital Audio Workstation Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Digital Audio Workstation Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Digital Audio Workstation Market Segmentation
- 6.1. Global Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Editing
- Mixing
- Recording
- 6.2. Global Digital Audio Workstation Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Software
- Services
- 6.3. Global Digital Audio Workstation Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On-Premises
- Cloud
- 6.4. Global Digital Audio Workstation Market, Segmentation By Operating System, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Mac
- Windows
- Android
- Linux
- 6.5. Global Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Professionals/Audio Engineers and Mixers
- Songwriters and Production teams
- Electronic Musicians
- Artists/Performers
- Education Institutes
- Music Studios
- Other End users
7. Digital Audio Workstation Market Regional And Country Analysis
- 7.1. Global Digital Audio Workstation Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Digital Audio Workstation Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Digital Audio Workstation Market
- 8.1. Asia-Pacific Digital Audio Workstation Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Digital Audio Workstation Market
- 9.1. China Digital Audio Workstation Market Overview
- 9.2. China Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Digital Audio Workstation Market
- 10.1. India Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Digital Audio Workstation Market
- 11.1. Japan Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Digital Audio Workstation Market
- 12.1. Australia Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Digital Audio Workstation Market
- 13.1. Indonesia Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Digital Audio Workstation Market
- 14.1. South Korea Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Digital Audio Workstation Market
- 15.1. Western Europe Digital Audio Workstation Market Overview
- 15.2. Western Europe Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Digital Audio Workstation Market
- 16.1. UK Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Digital Audio Workstation Market
- 17.1. Germany Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Digital Audio Workstation Market
- 18.1. France Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Digital Audio Workstation Market
- 19.1. Eastern Europe Digital Audio Workstation Market Overview
- 19.2. Eastern Europe Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Digital Audio Workstation Market
- 20.1. Russia Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Digital Audio Workstation Market
- 21.1. North America Digital Audio Workstation Market Overview
- 21.2. North America Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Digital Audio Workstation Market
- 22.1. USA Digital Audio Workstation Market Overview
- 22.2. USA Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Digital Audio Workstation Market
- 23.1. South America Digital Audio Workstation Market Overview
- 23.2. South America Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Digital Audio Workstation Market
- 24.1. Brazil Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Digital Audio Workstation Market
- 25.1. Middle East Digital Audio Workstation Market Overview
- 25.2. Middle East Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Digital Audio Workstation Market
- 26.1. Africa Digital Audio Workstation Market Overview
- 26.2. Africa Digital Audio Workstation Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Digital Audio Workstation Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Digital Audio Workstation Market Competitive Landscape And Company Profiles
- 27.1. Digital Audio Workstation Market Competitive Landscape
- 27.2. Digital Audio Workstation Market Company Profiles
- 27.2.1. Apple Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Avid Technology Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Adobe Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Acoustica Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. MAGIX Software GmbH
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Digital Audio Workstation Market
29. Digital Audio Workstation Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer