Pune, India -- (SBWIRE) -- 08/01/2018 -- Market Overview:
The Global Digital Audio Workstation (DAWs) Market is expected to reach USD 16,454.9 million by 2025, from USD 7,778.9 million in 2017 growing at a CAGR of 8.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Key Market Competitors:
The key players operating in the global are –
- Ableton AG
- Acoustica, Inc.
- Avid Technology, Inc.
- Cakewalk, Inc.
The other players in the market are –
- BandLab Technologies
- Presonus Audio Electronics Inc.
- MAGIX Software GmbH
- Steinberg GmbH
- Adobe Systems, Inc.
- Mark of the Unicorn
- Ableton Live
- Audiotool FL Studio
- Apple
- Native Instruments
- Harrison Consoles
- Acoustica
- MuLab
- Reaper
- Reason
- Renoise
- PreSonus
- Many more.
Market Drivers:
Limited number of highly skilled and trained users is projected to inhibit the growth of the DAWs market across the world.
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Segmentation: Global Digital Audio Workstation (DAWs) Market
By Component
- Software
- Services
By OS Compatibility
- Mac
- Windows
- Others
By Deployment
- On-premise
- Cloud
By End-use
- Commercial
- Non-commercial
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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Competitive Landscape:
The global is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital audio workstation (DAWs) market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Definition:
The DAWs are made to record, edit and manipulate the audios. Currently there are various DAWs in industry circulating which includes logic, ableton, fruity loops, garageband and cakewalk. Out of this Pro Tools is majorly used by the professionals as it is powerful and flexible in nature. Over a period of time, the use and purpose of the DAW has evolved and changed. The DAWs were made to record and manipulate sounds and music from the computer that is outside, as other sophisticated editing software would do. But due to various developments in the technology they are now being used to create music first-hand. The DAWs are largely used in the music industry, music or audio art of any genere can be created with the help of DAWs. Product innovation and upgradation continouslytakes place in the digital audio workstations market. For instance, in December 2014, Acoustica, Inc., which is one of the major key player, released a new product under the brand name Mixcraft 7 and Mixcraft Pro Studio 7, The product was made after two years of research and development offered various new features such as new interface, live loop and sample triggering, audio warping and quantizing, enhanced control surface support, plug-in management, hundreds of new loops and samples, new virtual instruments and effects, and dozens of other improvements. Such developments made by the key players play a major factor to drive the market.
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