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Digital Audio Workstation Market Size to Surpass USD 5.41 billion by 2030, at a CAGR of 9.1%

Written by Customer Service on . Posted in Mergers And Acquisitions.

As per the report by Fortune Business Insights, the global Digital Audio Workstation Market size is projected to reach USD 5.41 billion by 2030, at a CAGR of 9.1% during the forecast period.

Digital Audio Workstation Market

Forecast, 2023-2030
Forecast, 2023-2030

Pune,India, Oct. 18, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global Digital Audio Workstation Market size was valued at USD 2.71 billion in 2022 and 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.

The rise is on account of the increasing product adoption for editing, creating, and recording digital audio files. Fortune Business Insights™ cites this information in its research report, titled “Digital Audio Workstation Market Forecast 2023-2030”.

Key Industry Development-

Avid improved its pro tools software via the launch of its 2022.4 version. The advancement delivered a range of enhancements and features. These included Dolby Atmos improvements, video color space improvements, custom keyboard shortcuts, and pro tools search.


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Key Takeaways-

  • Digital Audio Workstation Market is expected to flourish & reach USD 5.41 Billion in 2030
  • In the upcoming years, the industry is anticipated to grow due to audio professionals’ usage of digital audio workstations.
  • The proliferation of free DAW options is predicted to impede market expansion.
  • Throughout the forecast period, the individual segment is anticipated to grow at a CAGR that is stagnant.
  • Digital Audio Workstation Market Size in North America was USD 0.94 Billion 2022


Discover the Leading Players Featured in the Report-

Apple Inc. (U.S.), Avid Technology, Inc. (U.S.), Yamaha Corporation (Japan), Adobe (U.S.)
Ableton (Germany), Bitwig GmbH (Germany), BandLab Technologies (Singapore), Dirac Research AB (Sweden), PreSonus Audio Electronics, Inc. (U.S.), Native Instruments GmbH (Germany)


Report Scope & Segmentation

Report CoverageDetails
Forecast Period2023 to 2030
Forecast Period 2023 to 2030 CAGR9.1%
2030 Value ProjectionUSD 5.41 Billion
Base Year2022
Digital Audio Workstation Market Size in 2022USD 2.71 Billion
Historical Data for2019 to 2021
No. of Pages140
Segments coveredComponent, OS Compatibility, Deployment, End-User


Browse Complete Report Details- https://www.fortunebusinessinsights.com/industry-reports/digital-audio-workstation-market-100150


Drivers and Restraints-

Market Value to Rise Owing to Increasing Popularity of Podcasts

The digital audio workstation market growth is being impelled by the increasing consumption of audio media. The technology provides users to record and edit their podcasts.

However, some companies offer free solutions, which are expected to affect the revenues of market players who offer subscription and license-based services. This may hamper market expansion to a considerable extent.


Leading Segments Covered in this Report-

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


Quick Buy – Digital Audio Workstation Market: https://www.fortunebusinessinsights.com/checkout-page/100150


FAQs

How big is the Digital Audio Workstation Market?

Digital Audio Workstation Market size was USD 2.71 Billion in 2022. It is expected to reach USD 5.41 Billion by 2030.

How fast is the Digital Audio Workstation Market growing?

The Digital Audio Workstation Market will exhibit a CAGR of 9.1% during the forecast period, 2023-2030


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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

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