Overview

Digital Audio Workstation Market is estimated to value over USD 12 billion by 2027 end and grow at a CAGR of over 7.5% during the forecast period 2020 to 2027.

Digital audio workstation (DAW) is an electronic network, drafted fundamentally to facilitate recording, editing, and playing back digital audio files. Due to technological advancements, these processes have become smoother than ever. The media and entertainment sectors use a wide variety of active digital audio workstations. Thus, the digital audio workstations market is predicted to witness strong growth in the forecast period. Software used to produce music is also popularly known as a digital audio workshop (DAW), is widely employed for digital recording, musical composition, creating electronic music, and other musical applications.

Based on the component, the digital audio workstations market is divided into software and services. The software segment has held significant market share globally and is projected to maintain the same over the forecast period. This segment is estimated to witness robust growth over the forecast period due to its huge consumer base in North America and Europe region. On the other hand, the operating system segment is also estimated to witness healthy growth over the projected time frame due to its increasing application in different end-use sectors. The MAC segment is also speculated to register healthy growth and expansion. Increasing adoption of Mac services in recording and editing digital audio files is expected to propel the demand over the forecast period. Mac provides a better collective solution for numerous users, given its excellent build quality and stability. Based on deployment, the cloud is one of the most favoured segments of digital audio workstations and is evolving steadily due to the increasing number of users in different end-use industries.

An extensive base of existing users across North America region is anticipated to generate maximum revenue for the digital audio workstations market over the forecast period. Europe and South America are anticipated to follow a similar trend. Further, Middle East & Africa is forecasted to witness significant CAGR growth after South America and APAC.

Attracted by this thriving market and underlying embryonic demand, many small scale and large scale enterprises are driven to invest in the market for digital audio workstations software and services. Product innovation and up-gradation of research and development are constantly taking place in the digital audio workstations market. Major firms working in the global digital audio workstations market are Apple (US), Adobe (US), Avid (US), Ableton (Germany), Steinberg (Germany), MOTU (US), Acoustica (US).

Digital Audio Workstation Market Segmentation :

By Type
• Recording
• Editing
• Mixing

By Component
• Software
• Services
• Managed Services

By Deployment Model
• Cloud
• On-premise
• Operating System
• Android
• MAC
• Linux

By End User
• Professional/Audio Engineers and Mixers
• Electronic Musicians
• Music Studios

By Region
• Europe
• North America
• APAC
• Latin America
• Rest of World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth

Objectives of the Study:
• To provide an exhaustive analysis on Global Digital Audio Workstation Market by type, by component, by deployment model, by end user and by Region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies