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Global Music Production Software Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 8.65% - ResearchAndMarkets.com

[August 07, 2018]

Global Music Production Software Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 8.65% - ResearchAndMarkets.com

The "Global Music Production Software Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The analysts forecast the global music production software market to grow at a CAGR of 8.65% during the period 2018-2022.

Music production software also known as a digital audio workstation (DAW) is used for music composition, digital recording, creating electronic music and other musical applications.

The report covers the present scenario and the growth prospects of the global music production software market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of music production software across several end-user industries.

The latest trend gaining momentum in the market is the growing use of AI by start-ups to compose music. AI is being used for composing music and is expected to be a potential game-changing technology for upcoming musicins. Several start-ups are receiving funds for developments in this domain.

One of the major drivers for this market is the increasing adoption of software by DJs for song mixing. Technological advances in the music industry have led to the emergence of advanced mobile-based software, which is used to mix and compose tracks. The growing preference for live events and EDM has led to an increase in the number of DJs worldwide.

The report states that one of the major factors hindering the growth of this market is the declining interest in learning music. People are taking less interest in learning music because of the emergence of alternative forms of entertainment such as smartphones and social media.

Companies Mentioned