Published on : Jul 10, 2018
Albany, New York, July 10, 2018: In the recent past, numerous technological advancements have taken place in the audio and video market. Presently, media and entertainment sectors use an extensive variety of active digital audio workstations. Thus, the digital audio workstations market is expected to witness strong growth in the coming years. Market Research Hub (MRH) has freshly publicized a study titled “Digital Audio Workstations (DAWs) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” to its massive repository, which offers a comprehensive analysis of the current market trends and future estimations in the market. As per the key estimations, the market for digital audio workstations is forecast to reach US$ 16,454.9 Mn by 2026 from US$ 7,778.9 Mn in 2017, recording a remarkable CAGR of 8.8%.
To elaborate further on this rapidly growing market, the report offers in-depth information on the crucial aspects of the global digital audio workstations market and provides data on the factors propelling the growth of the global market, competition landscape, important segments and growth patterns. In terms of geography, the study offers a holistic outlook on the market’s growth in terms of revenue in US$ Million and in terms of volume in thousand units across different geographical regions. Regions highlighted in this study are Asia Pacific, Europe, Japan, North America, Middle East & Africa, and Latin America.
• A digital audio workstation (DAW) is an electronic system, designed for recording, editing, and playing back digital audio files. In the present time, the increasing number of DJs and live programs across the world is driving the demand for digital audio workstations which is expected to result in growth of the market over the forecast period.
• It has been analyzed that the ability of DAWs software to offer a cost-effective and proficient recording system is fueling demand for them. Apart from that, easy availability of free learning material on different websites is expected to boost the demand for DAW software across different application areas over the forecast period.
• In order to provide comprehensive view of the market, the study broadly categorized the market on the basis of component, OS compatibility, deployment, end-user and region. In terms of geography, North America and Europe are mature markets due to high awareness among users and technological developments. Though, South America is expected to witness resilient growth during the mentioned forecast period from 2018 to 2026.
• On the basis of component, the study covers software and services. By OS compatibility, the study covers Mac, Windows and other. Amongst, Mac OS segment is projected to expand at a significant pace until the end of 2026. By end-use, the study covers commercial and non-commercial. The commercial sector is segmented into professional and music industry, which is projected to expand steadily.
At last, the research profiles some of the key players functioning in the digital audio workstations market which are Acoustica, Inc., BandLab Technologies, Steinberg GmbH, Avid Technology, Inc., Cakewalk, Inc., Presonus Audio Electronics Inc., Ableton AG, MAGIX Software GmbH, Adobe Systems, Inc., and Mark of the Unicorn among others.
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