Product Code: IRTNTR40206
About this market
Technavio's music production software market analysis considers sales from editing, mixing, and recording types. Our study also finds the sales of music production software in APAC, Europe, MEA, North America, and South America. In 2019, the editing segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as an increasing number of film and music album releases will play a significant role in the editing segment to maintain its market position. Also, our global music production software market report looks at factors such as the rising number of musicians and artists, growing demand for digital audio content, and increasing adoption of DJ software to produce music. However, the easy availability of open-source software, the requirement of skillset to use music production software, and bug issues in music production software may hamper the growth of the music production software industry over the forecast period.
Overview
Increasing adoption of DJ software to produce music
The growing popularity of live events, concerts, and EDM is encouraging people to increase the use of DJ software to create personal remix tracks. Many musicians and DJs are also adopting the software to create their versions of various tracks. In addition, the rising use of DJ music in places such as hotels, restaurants, shopping malls, and social gatherings has further accelerated the use of DJ software and equipment to mix audio songs. These factors are increasing the adoption of DJ software, which will lead to the expansion of the global music production software market at a CAGR of almost 9% during the forecast period.
Growing use of AI for music production
The integration of AI automates the music production process by imitating the cognitive skills required to produce music by discovering and learning the patterns of music production. This is driving many musicians and artists to rely on software backed with AI to compose music. Musicians and producers are increasingly using AI-based music composing tools with music production software to refine human-generated music through editing and mastering. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global music production software market during the forecast period 2020-2024, view our report.
Competitive Landscape
With the presence of several major players, the global music production software market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading music production software manufacturers, that include Ableton AG, Adobe Inc., Apple Inc., Avid Technology Inc., Cockos Inc., Image Line Software NV, MAGIX Software GmbH, PreSonus Audio Electronics Inc., Reason Studios AB, and Steinberg Media Technologies GmbH.
Also, the music production software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market size
- Market outlook
- Market sizing 2019
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Editing - Market size and forecast 2019-2024
- Mixing - Market size and forecast 2019-2024
- Recording - Market size and forecast 2019-2024
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Professionals - Market size and forecast 2019-2024
- Non-professionals - Market size and forecast 2019-2024
- Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Growing use of AI for music production
- Rising number of partnerships among market participants
- Growth of film industry
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Ableton AG
- Adobe Inc.
- Apple Inc.
- Avid Technology Inc.
- Cockos Inc.
- Image Line Software NV
- MAGIX Software GmbH
- PreSonus Audio Electronics Inc.
- Reason Studios AB
- Steinberg Media Technologies GmbH
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
LIST OF EXHIBITS:
- Exhibit 01: Global application software market
- Exhibit 02: Segments of global application software market
- Exhibit 03: Market characteristics
- Exhibit 04: Market segments
- Exhibit 05: Vendor-Key offerings
- Exhibit 06: Market definition - Inclusions and exclusions checklist
- Exhibit 07: Market size 2019
- Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
- Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
- Exhibit 10: Five forces analysis 2019
- Exhibit 11: Five forces analysis 2024
- Exhibit 12: Bargaining power of buyers
- Exhibit 13: Bargaining power of suppliers
- Exhibit 14: Threat of new entrants
- Exhibit 15: Threat of substitutes
- Exhibit 16: Threat of rivalry
- Exhibit 17: Market condition - Five forces 2019
- Exhibit 18: Type - Market share 2019-2024 (%)
- Exhibit 19: Comparison by type
- Exhibit 20: Editing - Market size and forecast 2019-2024 ($ millions)
- Exhibit 21: Editing - Year-over-year growth 2020-2024 (%)
- Exhibit 22: Mixing - Market size and forecast 2019-2024 ($ millions)
- Exhibit 23: Mixing - Year-over-year growth 2020-2024 (%)
- Exhibit 24: Recording - Market size and forecast 2019-2024 ($ millions)
- Exhibit 25: Recording - Year-over-year growth 2020-2024 (%)
- Exhibit 26: Market opportunity by type
- Exhibit 27: Customer landscape
- Exhibit 28: End-user - Market share 2019-2024 (%)
- Exhibit 29: Comparison by end-user
- Exhibit 30: Professionals - Market size and forecast 2019-2024 ($ millions)
- Exhibit 31: Professionals - Year-over-year growth 2020-2024 (%)
- Exhibit 32: Non-professionals - Market size and forecast 2019-2024 ($ millions)
- Exhibit 33: Non-professionals - Year-over-year growth 2020-2024 (%)
- Exhibit 34: Market opportunity by end-user
- Exhibit 35: Market share by geography 2019-2024 (%)
- Exhibit 36: Geographic comparison
- Exhibit 37: North America - Market size and forecast 2019-2024 ($ millions)
- Exhibit 38: North America - Year-over-year growth 2020-2024 (%)
- Exhibit 39: Europe - Market size and forecast 2019-2024 ($ millions)
- Exhibit 40: Europe - Year-over-year growth 2020-2024 (%)
- Exhibit 41: APAC - Market size and forecast 2019-2024 ($ millions)
- Exhibit 42: APAC - Year-over-year growth 2020-2024 (%)
- Exhibit 43: South America - Market size and forecast 2019-2024 ($ millions)
- Exhibit 44: South America - Year-over-year growth 2020-2024 (%)
- Exhibit 45: MEA - Market size and forecast 2019-2024 ($ millions)
- Exhibit 46: MEA - Year-over-year growth 2020-2024 (%)
- Exhibit 47: Key leading countries
- Exhibit 48: Market opportunity
- Exhibit 49: Impact of drivers and challenges
- Exhibit 50: Vendor landscape
- Exhibit 51: Landscape disruption
- Exhibit 52: Vendors covered
- Exhibit 53: Vendor classification
- Exhibit 54: Market positioning of vendors
- Exhibit 55: Ableton AG - Vendor overview
- Exhibit 56: Ableton AG - Product segments
- Exhibit 57: Ableton AG - Organizational developments
- Exhibit 58: Ableton AG - Key offerings
- Exhibit 59: Adobe Inc. - Vendor overview
- Exhibit 60: Adobe Inc. - Business segments
- Exhibit 61: Adobe Inc. - Organizational developments
- Exhibit 62: Adobe Inc. - Geographic focus
- Exhibit 63: Adobe Inc. - Segment focus
- Exhibit 64: Adobe Inc. - Key offerings
- Exhibit 65: Apple Inc. - Vendor overview
- Exhibit 66: Apple Inc. - Business segments
- Exhibit 67: Apple Inc. - Organizational developments
- Exhibit 68: Apple Inc. - Geographic focus
- Exhibit 69: Apple Inc. - Segment focus
- Exhibit 70: Apple Inc. - Key offerings
- Exhibit 71: Avid Technology Inc. - Vendor overview
- Exhibit 72: Avid Technology Inc. - Business segments
- Exhibit 73: Avid Technology Inc. - Organizational developments
- Exhibit 74: Avid Technology Inc. - Geographic focus
- Exhibit 75: Avid Technology Inc. - Segment focus
- Exhibit 76: Avid Technology Inc. - Key offerings
- Exhibit 77: Cockos Inc. - Vendor overview
- Exhibit 78: Cockos Inc. - Product segments
- Exhibit 79: Cockos Inc. - Key offerings
- Exhibit 80: Image Line Software NV - Vendor overview
- Exhibit 81: Image Line Software NV - Product segments
- Exhibit 82: Image Line Software NV - Organizational developments
- Exhibit 83: Image Line Software NV - Key offerings
- Exhibit 84: MAGIX Software GmbH - Vendor overview
- Exhibit 85: MAGIX Software GmbH - Product segments
- Exhibit 86: MAGIX Software GmbH - Organizational developments
- Exhibit 87: MAGIX Software GmbH - Key offerings
- Exhibit 88: PreSonus Audio Electronics Inc. - Vendor overview
- Exhibit 89: PreSonus Audio Electronics Inc. - Product segments
- Exhibit 90: PreSonus Audio Electronics Inc. - Organizational developments
- Exhibit 91: PreSonus Audio Electronics Inc. - Key offerings
- Exhibit 92: Reason Studios AB - Vendor overview
- Exhibit 93: Reason Studios AB - Product segments
- Exhibit 94: Reason Studios AB - Organizational developments
- Exhibit 95: Reason Studios AB - Key offerings
- Exhibit 96: Steinberg Media Technologies GmbH - Vendor overview
- Exhibit 97: Steinberg Media Technologies GmbH - Product segments
- Exhibit 98: Steinberg Media Technologies GmbH - Organizational developments
- Exhibit 99: Steinberg Media Technologies GmbH - Key offerings
- Exhibit 100: Validation techniques employed for market sizing
- Exhibit 101: Definition of market positioning of vendors
