Information Communication and Technology Reports Digital Audio Workstation Market Report

Digital Audio Workstation Market size is expected to
grow from USD 2.0 billion in 2018 to USD 3.1 billion by
2023
According to a new market research report” Digital Audio Workstation Market by Type (Recording, Editing,
Mixing), End User (Professional/Audio Engineers and Mixers, Electronic Musicians, Music Studios), Component,
Deployment Model, Operating Systems, and Region - Global Forecast to 2023", published by
MarketsandMarkets™, The digital audio workstation market size is expected to grow from USD 2.0 billion in 2018
to USD 3.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.
The key factors driving the digital audio workstation market include the growing focus on digitization of
instruments and increasing adoption of cloud-based digital audio workstations in the music industry to enhance
the music production process
Browse and in-depth TOC on “Digital Audio Workstation Market”
73 – Tables
31 - Figures
132 - Pages
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The services segment of the DAW market is anticipated to grow at a higher CAGR as compared to software
segment during the forecast period.
Implementation and consulting services subsegment is estimated to grow at a higher as compared to the managed
services subsegment during the forecast period. This growth is expected to be driven by the increased demand for
digital audio workstations across the media & entertainment and education industries. Services are an essential
part of the software deployment and execution lifecycle. Services, including consulting, product support, updates,
and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales
product deployment and execution, thus enabling the client to get better return on investment (RoI).
The professionals/audio engineers and mixers segment is expected to account for the largest market size during
the forecast period.
The market has been segmented based on type into editing, mixing, and recording. Audio engineers set up and test
sound equipment before events, broadcasts, and recordings. Digital audio workstations help sound engineers
produce music by balancing and adjusting sound sources using equalization and audio effects mixing, reproducing,
and strengthening the sounds. Sound engineers are professionals who use digital audio workstations to record,
edit, mix, and master music to improve sound quality and add sound effects to recordings. These workstations
enable sound engineers to work with video editors and synchronize video with audio tracks.
APAC digital audio workstation market is expected to grow at the highest CAGR during the forecast period.