Global Music Production Software Market 2020-2024 | Growing Use of AI to Boost Growth | Technavio

By Associated Press 03 December 2019, 12:00AM

LONDON--(BUSINESS WIRE)--Dec 2, 2019--

The global music production software market is expected to post a CAGR of almost 9% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global music production software market 2020-2024 (Graphic: Business Wire)

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 is driving the growth of the market.

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As per Technavio, the growing use of AI for music production will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Music Production Software Market: 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. Hence, the emergence of AI in music production is expected to have a positive impact on the growth of the global music production market during the forecast period.

“Rising number of partnerships among market participants and the continuous growth of the film industry will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Music Production Software Market: Segmentation Analysis

This market report segments the global music production software market by geography (APAC, Europe, MEA, North America, and South America), type (editing, mixing, and recording), and end-user (professionals and non-professionals).

The North American region led the market in 2019, followed by Europe, APAC, South America and respectively. During the forecast period, the North American region is expected to maintain its dominance over the market. This is due to the continuous growth of the film industry in the US.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]




SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 12/02/2019 07:00 AM/DISC: 12/02/2019 07:01 AM

By Associated Press 03 December 2019, 12:00AM

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