Music production software market size to grow by USD 369.87 million, Insights on the Key Drivers and Trends - Technavio

PR Newswire
Wednesday, November 30, 2022 at 11:00am UTC

Music production software market size to grow by USD 369.87 million, Insights on the Key Drivers and Trends - Technavio

PR Newswire

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- The music production software market size is projected to grow by USD 369.87 million, progressing at a CAGR of 7.31% from 2021 to 2026. By region, the global music production software market is segmented into North America, South America, Europe, APAC, and MEA. North America is estimated to contribute 42% to the growth of the global market over the forecast period. The significant increase in the adoption of music production software by professionals such as musicians and music production companies will facilitate the music production software market growth in North America over the forecast period. 

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Music production software market: The increase in the adoption of DJ software to produce music drives the growth

  • One of the key factors driving the music production software market growth is the increase in the adoption of DJ software to produce music. The increasing interest in music among the young population is providing several opportunities for DJ artists to give live performances, which is one of the sources of revenue for organizers and artists. The growing inclination towards music will drive the adoption of music production software, which is used to compose, edit, record, and produce new songs and update old songs by adding new lyrics or music. Owing to the growing interest of musicians and music enthusiasts to create their personal remix tracks, the adoption of DJ software is on the rise. The increasing popularity of live events, concerts, and EDM encourages people to develop their own remix tracks by mixing songs. Such factors are expected to accelerate the growth of the global music production software market during the forecast period.

Music production software market: Growing demand for digital audio content is the key trend

  • Growing demand for digital audio content is one of the key trends shaping the music production software market. Digital audio content, such as music and podcasts, is gaining popularity globally. In urban areas, people are increasingly utilizing digital content to listen to and share music. The increasing adoption of electronic devices such as smartphones, smartwatches, laptops, and tablets has enabled people to consume more digital audio content. People are spending at least four hours a week listening to music on mobile phones. The growing demand for digital audio content is expected to accelerate the demand for music production software during the forecast period.

Download our exclusive report on the music production market covering market challenges, vendor analysis, and growth opportunities

Music production software market: Segmentation Analysis

This market research report segments the music production software market by end-user (professionals and non-professionals), type (editing, mixing, and recording), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. buy the report!

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Music Production Software Market Scope

Report Coverage

Details

Page number

153

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.31%

Market growth 2022-2026

USD 369.87 million

Market structure

Fragmented

YoY growth (%)

6.52

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key countries

US, China, UK, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ableton AG, Acon AS, Acoustica Inc., Adobe Inc., Apple Inc., Avid Technology Inc., Bitwig GmbH, Cockos Inc., GoldWave Inc., Image Line Software NV, iZotope Inc., MAGIX Software GmbH, MakeMusic Inc., MOTU Inc., MuTools, NCH SOFTWARE Pty Ltd., PreSonus Audio Electronics Inc., Reason Studios AB, Serato Ltd., and Yamaha Corp.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments 
    • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 27: Chart on Comparison by End-user
    • Exhibit 28: Data Table on Comparison by End-user
  • 5.3 Professionals - Market size and forecast 2021-2026
    • Exhibit 29: Chart on Professionals - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on Professionals - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on Professionals - Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Professionals - Year-over-year growth 2021-2026 (%)
  • 5.4 Non-professionals - Market size and forecast 2021-2026
    • Exhibit 33: Chart on Non-professionals - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Non-professionals - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Non-professionals - Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Non-professionals - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user 
    • Exhibit 37: Market opportunity by End-user ($ million)

6 Market Segmentation by Type

  • 6.1 Market segments 
    • Exhibit 38: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 39: Data Table on Type - Market share 2021-2026 (%)
  • 6.2 Comparison by Type 
    • Exhibit 40: Chart on Comparison by Type
    • Exhibit 41: Data Table on Comparison by Type
  • 6.3 Editing - Market size and forecast 2021-2026
    • Exhibit 42: Chart on Editing - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Editing - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Editing - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Editing - Year-over-year growth 2021-2026 (%)
  • 6.4 Mixing - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Mixing - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Mixing - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Mixing - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Mixing - Year-over-year growth 2021-2026 (%)
  • 6.5 Recording - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Recording - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Recording - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Recording - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Recording - Year-over-year growth 2021-2026 (%)
  • 6.6 Market opportunity by Type 
    • Exhibit 54: Market opportunity by Type ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation 
    • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison 
    • Exhibit 58: Chart on Geographic comparison
    • Exhibit 59: Data Table on Geographic comparison
  • 8.3 North America - Market size and forecast 2021-2026
    • Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 8.4 Europe - Market size and forecast 2021-2026
    • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 8.5 APAC - Market size and forecast 2021-2026
    • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 8.6 South America - Market size and forecast 2021-2026
    • Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 8.8 US - Market size and forecast 2021-2026
    • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 8.9 China - Market size and forecast 2021-2026
    • Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 8.10 UK - Market size and forecast 2021-2026
    • Exhibit 88: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 8.11 Germany - Market size and forecast 2021-2026
    • Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 8.12 France - Market size and forecast 2021-2026
    • Exhibit 96: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 97: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 98: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography 
    • Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 101: Impact of drivers and challenges in 2021 and 2026
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape 
    • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption 
    • Exhibit 103: Overview on factors of disruption
  • 10.4 Industry risks 
    • Exhibit 104: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered 
    • Exhibit 105: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 106: Matrix on vendor position and classification
  • 11.3 Ableton AG 
    • Exhibit 107: Ableton AG - Overview
    • Exhibit 108: Ableton AG - Product / Service
    • Exhibit 109: Ableton AG - Key offerings
  • 11.4 Adobe Inc. 
    • Exhibit 110: Adobe Inc. - Overview
    • Exhibit 111: Adobe Inc. - Business segments
    • Exhibit 112: Adobe Inc. - Key news
    • Exhibit 113: Adobe Inc. - Key offerings
    • Exhibit 114: Adobe Inc. - Segment focus
  • 11.5 Apple Inc. 
    • Exhibit 115: Apple Inc. - Overview
    • Exhibit 116: Apple Inc. - Business segments
    • Exhibit 117: Apple Inc. - Key news
    • Exhibit 118: Apple Inc. - Key offerings
    • Exhibit 119: Apple Inc. - Segment focus
  • 11.6 Avid Technology Inc. 
    • Exhibit 120: Avid Technology Inc. - Overview
    • Exhibit 121: Avid Technology Inc. - Business segments
    • Exhibit 122: Avid Technology Inc. - Key offerings
    • Exhibit 123: Avid Technology Inc. - Segment focus
  • 11.7 Cockos Inc. 
    • Exhibit 124: Cockos Inc. - Overview
    • Exhibit 125: Cockos Inc. - Product / Service
    • Exhibit 126: Cockos Inc. - Key offerings
  • 11.8 Image Line Software NV 
    • Exhibit 127: Image Line Software NV - Overview
    • Exhibit 128: Image Line Software NV - Product / Service
    • Exhibit 129: Image Line Software NV - Key offerings
  • 11.9 MAGIX Software GmbH 
    • Exhibit 130: MAGIX Software GmbH - Overview
    • Exhibit 131: MAGIX Software GmbH - Product / Service
    • Exhibit 132: MAGIX Software GmbH - Key offerings
  • 11.10 PreSonus Audio Electronics Inc. 
    • Exhibit 133: PreSonus Audio Electronics Inc. - Overview
    • Exhibit 134: PreSonus Audio Electronics Inc. - Product / Service
    • Exhibit 135: PreSonus Audio Electronics Inc. - Key offerings
  • 11.11 Reason Studios AB 
    • Exhibit 136: Reason Studios AB - Overview
    • Exhibit 137: Reason Studios AB - Product / Service
    • Exhibit 138: Reason Studios AB - Key offerings
  • 11.12 Yamaha Corp. 
    • Exhibit 139: Yamaha Corp. - Overview
    • Exhibit 140: Yamaha Corp. - Business segments
    • Exhibit 141: Yamaha Corp. - Key news
    • Exhibit 142: Yamaha Corp. - Key offerings
    • Exhibit 143: Yamaha Corp. - Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 144: Inclusions checklist
    • Exhibit 145: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 146: Currency conversion rates for US$
  • 12.4 Research methodology 
    • Exhibit 147: Research methodology
    • Exhibit 148: Validation techniques employed for market sizing
    • Exhibit 149: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 150: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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