Global Music Production Software Market 2023-2030

Global Music Production Software Market 2023-2030

Global Music Production Software Market Size, Share, and Trends Analysis Report by Type (Editing, Mixing, Recording, Distribution, Publishing, and Social Sharing), and by Application (Professional Use and Casual Use) Forecast Period (2023-2030)

The global music production software market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2023–2030). The market's growth is attributed to factors such as music technology and education. The Music Technology and Education group is involved with the educational, social, and entrepreneurial elements of audio engineering, music technology, popular music, and the creative industries. Music educators across the globe are adapting to include music technology programmes into existing music sessions or developing total new music technology sessions. For instance, in September 2022, Avid Technology, Inc. announced Pro Tools release 2022.9, accelerating its investment in innovation to bring unprecedented advances in artistry and productivity for music professionals globally. The ability to easily manipulate pitch and time right inside the Pro Tools user interface via direct integration of Melodyne via ARA 2 technology.

Segmental Outlook

The global video on demand market is segmented based on type, and application. Based on the type, the market is segmented into editing, mixing, recording, distribution, publishing, and social sharing. Based on application, the market is segmented into professional use, and casual use. Among the type, the recording sub-segment is anticipated to grow at a considerable CAGR over the forecast period owing to the rising demand of music production software, which has developed into a discipline that is constantly linked to advancements in sound recording and reproduction technologies.

The Distribution Use Sub-Segment is Anticipated to Hold a Prominent Share of the Global Music Production Market

Among the type, the distribution sub-segment is expected to hold a prominent share of the global video-on-demand market due to the growing demand for distribution in the music sector. Distribution is the process of getting music from the artist to the retailer and making it available for purchase to the general public. The distribution sharing or releasing of music to a wide range of physical and online channels and marketplaces. The process of making the tunes available for streaming or download on music stores and streaming platforms such as Spotify, Apple Music, and Amazon Music, as well as social media platforms such as Instagram and Tik Tok.

Regional Outlook

The global music production software market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to grow at a significant rate over the forecast period, owing to the rise of the digital landscape and the ever-improving internet connectivity are driving the growth of the music production sector. Music streaming service companies' increased use of Big Data leads to better educated and effective advertising messages. Furthermore, an increasing number of regional players, such as KKBox, JOOX, and Yonder, continue to dominate the online music industry. .

Global Music Production Software Market Growth, by Region, 2023-2030

Source: OMR Analysis

North America is Expected to Hold a Prominent Share of the Global Music Production Software Market

Among all the regions, North America is expected to hold a prominent share in the music production software market, owing to increasing number of music producers and musicians are releasing albums, that has increased demand for music production software. For instance, in January 2022, the increased popularity of concerts, live events, and EDM encourages consumers to use DJ software to produce personal remix songs, increasing market demand. Musicians and DJs are also using the software to create their own versions of various music tracks, boosting the market's adoption of music production software. The increased use of DJ music in a variety of settings, including shopping malls, hotels, restaurants, and social gatherings, has accelerated market growth. The continuous growth of the media sector and expanding collaborations across the globe participants are anticipated to drive the growth industry.

Market players' outlook

The major companies serving the global video-on-demand market include Cockos Inc., MOTU Ltd., FL Studio, MAGIX Software GmbH, and Cakewalk Inc., among others. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, PreSonus Audio Electronics, Inc. Announced the global launch of the AudioBox GO, the smallest, lightest, most portable PreSonus® audio. AudioBox GO is for musicians and producers seeking a simple and affordable method to begin their career in home music recording or content creation.

The report covers

Market value data analysis for 2022 and forecast to 2030

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions

Key companies operating in the global music production software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market entry and market expansion strategies.

Competitive strategies by identifying ‘who stands where’ in the market.