Global DAW Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global DAW Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Digital Audio Workstation (DAW) is an electronic device or application software used to record, edit and produce audio files. DAW is used to make and record music, songs, voice, radio, television, soundtracks, podcasts, sound effects and almost any other situation that requires complex recording of audio.

Market Overview:

The latest research study on the global DAW Software market finds that the global DAW Software market reached a value of USD 615.18 million in 2022. It’s expected that the market will achieve USD 942.02 million by 2028, exhibiting a CAGR of 7.36% during the forecast period.

Drivers

With the continuous growth of the world economy and the continuous improvement of people's living standards and consumption power, more and more people are beginning to listen to songs, chase stars, and participate in concerts. The annual income of some famous singers can exceed 100 million dollars (for example, Taylor Swift). In addition, the development of the movie, TV series, and animation industry has rapidly increased demand for music such as episodes and finales. The huge demand brought about by the vigorous development of the downstream industry has promoted the development of the DAW industry.
Traditional marketing methods usually rely on dealers and other channels. However, e-commerce allows companies to build their own websites or sell products on other major platforms to enhance communication with end customers. This method can not only increase brand awareness, but also help develop new products and brand positioning following market demand, thereby obtaining excess profits.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Ableton is one of the major players operating in the DAW Software market, holding a share of 14.85% in 2020.

Ableton was founded in 1999 and released the first version of Live in 2001. Their products are used by musicians, sound designers and artists around the world. The company is headquartered in Berlin and has offices in Los Angeles and Tokyo.

Apple is an American multinational technology company headquartered in Cupertino, California. It designs, develops, and sells consumer electronics, computer software, and online services. It is considered to be one of the large technology companies along with Amazon, Google, Microsoft and Facebook.

The company's hardware products include iPhone smartphones, iPad tablets, Mac personal computers, iPod portable media players, Apple Watch smart watches, Apple TV digital media players, AirPods wireless earbuds, and HomePod smart speakers. Apple’s software includes macOS, iOS, iPadOS, watchOS, and tvOS operating systems, iTunes media player, Safari web browser, Shazam music identifier, and iLife and iWork creative and productivity suites, as well as Final Cut Pro, Logic Pro, and Xcode. Professional application. Its online services include iTunes Store, iOS App Store, Mac App Store, Apple Music, Apple TV+, iMessage and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash and Apple Card.

Segmentation Overview:

Among different product types, Non-free software segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the PC segment occupied the biggest share from 2017 to 2022.

Key Companies in the global DAW Software market covered in Chapter 3:

Steinberg
Reason Studios
MOTU
Avid
Tracktion
Magix
Image Line
Bitwig
Audiotool
Native Instruments
Apple
Ableton
BandLab Technologies
Acoustica
PreSonus
Adobe
PG Music

In Chapter 4 and Chapter 14.2, on the basis of types, the DAW Software market from 2018 to 2029 is primarily split into:

Free and Open-source Software
Non-free Software

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the DAW Software market from 2018 to 2029 covers:

Mac
PC
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)