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Digital Audio Workstation Market Size, Share & COVID-19 Impact Analysis, By Component (Software and Services), By OS Compatibility (Apple OS, Windows, Android, and Linux), By Deployment (On-premise and Cloud), By End-user (Commercial and Individual), and Regional Forecast, 2023-2030

Region : Global | Format: PDF | Report ID: FBI100150

 

KEY MARKET INSIGHTS

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The global digital audio workstation market size was valued at USD 2.71 billion in 2022. The market is projected to grow from USD 2.95 billion in 2023 to USD 5.41 billion by 2030, exhibiting a CAGR of 9.1% during the forecast period.


A digital audio workstation is designed to create, edit, and record digital audio files. The software includes filters, virtual mixtures, graphic timelines, and organization tools mostly found in media-editing programs. DAWs allow Musical Instrument Digital Interface (MIDI) controls to tune parameters during live editing. Key players in the market are continuously enhancing their product portfolio to help musicians easily opt for services. For instance,



  • In February 2022, Ableton launched Live 11.1, an enhanced version of its flagship music creation software, which will be available for users. The major improvements include native support for Apple M1 computers, an envelope section, an updated shifter device, LFO, and glide functionality. Additionally, its new features include advancements in clip handling and others.


In the scope, we have considered Digital Audio Workstation (DAW) solutions provided by key players such as Logic Pro, Pro Tools, Nuage, Adobe Audition, and Ableton Live.


COVID-19 IMPACT


Emergence of OTT Platforms Escalated the Adoption of Digital Audio Workstations


The disruption due to the COVID-19 pandemic has surged the demand for digital media. According to the Global Web Index (GWI), worldwide internet penetration was around 59% of the total population during the pandemic. In addition to the increasing podcasts, streaming content and news showcased a significant rise among listeners. This created an opportunity for audio professionals who used DAWs to edit, mix, record, and master music to improve sound quality and add sound effects to digital audio files.


To cope with the rapidly changing user preferences, industry players are constantly digitizing their instruments with new technologies such as AI, cloud, and others. Additionally, rising demand for HD audio and video, increasing demand for AI-driven music, and adoption of cloud-based DAWs are expected to drive the market over the forecast period. Additionally, audio streaming and radio consumption are expected to continue to grow among listeners in the coming years. For instance, according to the Digital Market Outlook, the number of listeners engaged in music streaming across the world will be around 959 million as of 2026. Additionally, radio and podcast consumption is also estimated to increase during this period.


LATEST TRENDS


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Rising Production of AI-Driven Music to Boost Product Adoption


Artificial intelligence in the music industry enables audio professionals to enhance digital audio files. With the use of AI technology, music makers remove vocals and bass from all digital files to create excellent music performance. The main intention behind the use of Artificial intelligence (AI) in the music industry is to flatten music into functional and instrumental sounds. According to a McKinsey report, by 2030, about 70% of businesses are expected to opt for AI technology. With the increasing acceptance of AI-driven music, companies are already capitalizing in the future of machine-created music. For instance,



  • In May 2022, Splice, launched an AI-powered music application CoSo that practices AI technology to build music in a short span of time.


With increasing technological advancements in music generation, the adoption of digital audio workstations among audio professionals is expected to propel the market in the coming years.


DRIVING FACTORS


Growing Popularity of Podcasts Among Listeners to Drive Market Growth


Rising audio media consumption via podcasts among listeners is significantly increasing daily. DAW offers enhanced tools enabling users to edit and record their podcasts. Owing to this, podcasters use DAW to edit all the “ahs” and “ums” out of the podcast they create, trim it to perfection, add a slight compressor, and reverb to create an enhanced version of their digital audio files. For instance,



  • According to Hootsuite, 39.6% of internet users listen to music streaming services via the internet every week as of January 2022. Similarly, 20.3% opted for audiobooks as their preference. Additionally, there has been increased adoption of cloud-based DAW, demand for high-definition video and audio, and demand for sound bars and home theater systems. Thus, these reasons are likely to drive the market growth.


RESTRAINING FACTORS


Availability of Free Software to Hinder the Digital Audio Workstation Market Growth


Major market players offer DAW software through subscription and perpetual license offerings. However, some companies offer their solutions for free. Therefore, some users are more likely to opt for open source solutions instead of taking advantage of company-provided subscriptions. Some free software available in the market are:



  • Audacity is the original free DAW. It is an open-source multi-track editor that helps users to edit and record audio files on various operating systems. The application supports numerous plugins and provides a real-time preview that shows sound effects.

  • BandLab’s DAW Cakewalk is an open-source DAW software for Windows that assists users to work with unlimited audio tracks and MIDI sequencers. It enables users to add drum sound to one’s music quickly.


Thus, the increasing availability of free DAW solutions is expected to hinder the market growth.


SEGMENTATION


By Component Analysis


Surging Implementation of Intelligent Tools to Surge Digital Audio Workstation Software Demand


Based on component, the market is segmented into software and services.


The software segment holds the biggest revenue share. It is also expected to grow at the highest CAGR during the forecast period. This was due to its massive solution portfolios such as audio recording and editing solutions, MIDI editing, mixing, mastering, and others. Organizations are engaging in enhancing their software solutions with advanced technologies to cope with rapidly changing user preferences. This factor is likely to drive the market growth. However, the services segment will likely grow significantly during the forecast period.


By Deployment Analysis


Expansive Rise in Adoption of Cloud-based DAW Solutions to Fuel the Market


Based on deployment, the market is bifurcated into cloud and on-premise.


Cloud-based digital audio workstation is expected to gain a significant segment share during the forecast period. The accelerating use of cloud-based solutions is likely to fuel product demand. Its enhanced scalability, easy integration, and reduced cost increase the popularity of cloud-based digital audio workstation solutions among users over on-premises deployment. The introduction of innovative technologies such as artificial intelligence, augmented reality, virtual reality, and cloud computing services plays a vital role in the market growth.


By OS Compatibility Analysis


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Rising Emphasis on Customer Holding to Propel the Demand for Windows Segment


The market is categorized into Apple OS, Windows, Android, and Linux based on OS compatibility.


The Windows segment is anticipated to attain the largest revenue share in the OS compatibility segment due to the impressively rising customer base. This is primarily due to its user-friendly interface. The adoption of DAW is assisting music creators in the industry to acquire, develop, and maintain customers proficiently.


The Apple OS segment is expected to grow at a significant CAGR during the forecast period owing to its huge customer base and demand for high definition video & audio globally.


By End-user Analysis


Increasing Focus on Customer Retention to Drive Commercial Segment Share


Based on end-user, the market is categorized into commercial and individual.


The commercial segment held the major market share in 2022 at around 62.6% and it is predicted to be the fastest-growing segment in the coming years. Also, the increasing number of ongoing live concerts and several DJ professionals worldwide fuels the demand for DAW solutions.


However, the individual segment is expected to grow at a stagnant CAGR during the forecast period.


REGIONAL INSIGHTS


North America Digital Audio Workstation Market Size, 2022 (USD Billion)

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The market is geographically divided into five key regions, North America, South America, Europe, the Middle East & Africa, and Asia Pacific. They are further classified into countries.


The North America market is expected to attain the highest revenue along with the dominant digital audio workstation market share during the forecast period. The region is witnessing the presence of important businesses across all industries and expansively adopting digital audio workstation software. The U.S. will exhibit rapid growth owing to the growing demand for DAW tools offering tailor-made music, which plays a crucial role in increasing audio media consumption across the country. The country invests highly in advancing its music production solutions by integrating traditional solutions into technologies such as artificial intelligence and more to produce professionally crafted music for users.


The market in North America is in an advanced phase, as key players in the market are focusing on developing technologically advanced DAW solutions to provide services across the globe.


Europe perceived notable CAGR during the forecast period due to the increasing rate of audio consumption in the country. With flourishing nations, such as Germany, the U.K., France, Italy, and others, the market's growth latency is expansive in the region. Germany is likely to dominate, and the U.K. is predicted to display further advanced potential. The growth is due to the increasing adoption of cloud services and the rising demand for AI-generated music to develop high-quality digital audio files effectively.


Asia Pacific has substantially thrusted the implementation of advanced technologies, podcasts, audiobook listeners, and more. The expansively increasing customer base for audio content in the region is likely to surge the demand for DAW tools.


Likewise, bolstering industrial competitiveness and digitalization in South America may drive market growth. The Middle East & Africa is estimated to attain sturdy growth owing to considerable investments in the solution. For instance,



  • According to Forbes, in 2021, Saudi Arabia invested USD 64 billion in the entertainment industry to aid in turning the country into a top-tier destination for the industry, which is expected to create lucrative opportunities for the market.


KEY INDUSTRY PLAYERS


Tactical Attainment to Enhance Market Expansion of Key Players


The key players are investing in offering inventive digital audio workstation solutions across all commercial divisions. Prime market players are replacing their traditional solutions with advanced technologies to provide users with their requirements and attract new customers.


Also, through collaborations, the companies are gaining proficiency and expanding their global footprint by reaching a huge customer base. Through strategic acquisitions, the important players focus on enhancing and expanding their existing product portfolio, which is expected to uplift the vendors' position and drive the market's growth.


March 2022 - Social music creation platform BandLab has launched SongStarter, designed in collaboration with Google. It is an AI-enhanced tool that generates chord progressions, unique beats, and melodies based on user recommendations.


March 2022 - Avid Technology, Inc. extended its collaboration with Adistec Corp. Through this collaboration, the company enhanced its distribution partner logistics, finance, and other business processes in the local markets. With the expansion, the company aims to extend the benefit of this agreement to the company’s U.S. market for video and audio content production technologies.


List of the Key Companies Profiled:



KEY INDUSTRY DEVELOPMENTS:



  • August 2022 Tracktion launched a major update to Waveform Free, the free version of Waveform DAW software. It is based on Waveform Pro's core functionality, and the software's free version helps to reduce the feature set with no timeouts or limitations regarding track count, export, use of third party plugins, or storage capabilities.

  • April 2022 – Imagine Marketing Limited partnered with Dirac to enhance digital audio solutions to integrate into boAt’s next-generation audio range. With this partnership, boAt’s signature sound would use Dirac’s digital audio advancements to create an iconic headphone product for users.

  • April 2022 Native Instruments and iZotope announced Soundwide as its new parent company. With this, Soundwide aims to develop an integrated product portfolio and drive the development of new audio platform technologies with the goal of improving productivity and performance for audio developers across the globe.

  • March 2022 – Apple enhanced its Logic Pro X, a DAW solution. This update contains stability improvements and bug fixes. It enables dynamic head tracking with spatial audio monitoring on AirPods Pro, AirPods Max, Beats Fit Pro, and AirPods.

  • March 2022 - Steinberg released its upgraded version of Cubase 12 with new features, which include a simple sign-in, finessed workflow, and Apple silicon support.

  • October 2021 - Harrison Consoles and iCON Pro Audio have partnered to jointly provide high-performance professional audio products to the recording and music industries.


REPORT COVERAGE


An Infographic Representation of Digital Audio Workstation Market

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The research report highlights leading regions across the world to offer a better understanding to the user. Furthermore, the report provides insights into the latest industry and market trends and analyzes technologies deployed at a rapid pace at the global level. It further highlights some of the growth-stimulating factors and restraints, helping the reader gain in-depth knowledge about the market.


REPORT SCOPE & SEGMENTATION






























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 9.1% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Component, OS Compatibility, Deployment, End-user, and Geography



By Component




  • Software

    • Recording and Sequencing Software

    • Plug-in Software

    • Others (Sampling Software, Education Software)



  • Services



By OS Compatibility




  • Apple OS

  • Windows

  • Android

  • Linux



By Deployment




  • On-premise

  • Cloud



By End-user




  • Commercial

  • Individual



By Region




  • North America (By Component, OS Compatibility, Deployment, End-user, and Country)

    • U.S.

    • Canada

    • Mexico





  • South America (By Component, OS Compatibility, Deployment, End-user, and Country)

    • Brazil

    • Argentina

    • Rest of South America





  • Europe (By Component, OS Compatibility, Deployment, End-user, and Country)

    • U.K.

    • Germany

    • France

    • Italy

    • Russia

    • Spain

    • Nordics

    • Benelux

    • Rest of Europe





  • Middle East & Africa (By Component, OS Compatibility, Deployment, End-user, and Country)

    • Turkey

    • Israel

    • GCC

    • North Africa

    • South Africa

    • Rest of Middle East & Africa





  • Asia Pacific (By Component, OS Compatibility, Deployment, End-user, and By Country)


    • China

    • India

    • Japan

    • South Korea

    • ASEAN

    • Oceania

    • Rest of Asia Pacific




Frequently Asked Questions

The market is projected to reach USD 5.41 billion by 2030.

The market is projected to grow at a CAGR of 9.1% in the forecast period (2023-2030).

Windows is the leading OS compatibility segment in the market.

The growing popularity of podcasts among listeners drives the market.

Apple Inc., Avid Technology, Yamaha Corporation, Adobe, Ableton, Bitwig GmbH, BandLab Technologies, Dirac Research AB, Native Instruments GmbH, and PreSonus Audio Electronics, Inc. are the top players in the market.

North America is expected to hold the highest market share.

Europe is expected to grow with the highest CAGR during the forecast period.

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