Market Overview:
The global music production system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high-quality music and rising adoption of music production systems by professional musicians and audio engineers. In terms of type, the 24-bit type segment is expected to hold the largest share in the global market during the forecast period. This can be attributed to its superior sound quality as compared to other types available in the market.
Product Definition:
A music production system is a software or hardware tool used by producers to create, record and edit music. The importance of a music production system is that it allows producers to have control over all aspects of the music creation process, from recording and editing vocals and instruments to adding effects and mastering the final product.
16-bit Type:
16-bit type is a music production system that records audio data with a resolution of up to 1/4th inch in the PCM (Pulse Code Modulation) format. It has been used as an important tool for sound recording and editing on personal computers since its introduction. The growth factor in the market is due to factors such as easy adaptability, low cost, and high quality of 16-bit recorded sounds.
24-bit Type:
24-bit type is a digital audio format with a sample rate of 48 kHz. It offers better sound quality as compared to the 16-bit and 8-bit formats. The 24-bit depth allows for more than 110dB of dynamic range which can be used to capture sounds from quiet acoustic rooms to thunderous concert halls. This makes it an ideal choice for music production systems, especially in post production applications where recording and editing involve dealing with large volumes of audio data.
Application Insights:
The Mac application segment led the global music production system market in 2017. This is attributed to the high adoption of this platform by major recording studios and individual users for editing, mixing and mastering audio files. Furthermore, a large number of third-party applications that offer advanced features for music production have also been developed for this platform.
The PC application segment is expected to witness significant growth over the forecast period owing to its wide usage in home settings as well as professional studios across various regions globally. The availability of different operating systems such as Windows 7/8/10 has made it easier for users from different walks of life to access software required for creating sound effects or loops in an efficient manner using a mouse or keyboard without any prior knowledge about computers.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., as a music-producing nation, is home to several leading players such as Avid Technology Inc.; Digidesign Ltd.; and M-Audio. These companies are focusing on developing innovative products for video editing, audio production, and MIDI sequencing that will enhance the overall experience of music producers across all platforms including Mac OS X, Windows PC & laptops, iOS & Android smartphones/tablets etc.
Asia Pacific is expected to register significant growth over the forecast period owing to increasing adoption of digital technology among musicians and rising demand for cost-effective solutions with high performance capabilities from emerging countries such as China and India among others (Japan). Furthermore, growing popularity of live concerts coupled with availability of low priced systems in these regions will drive demand further over next eight years.
Growth Factors:
- Increasing demand for music across the globe
- Proliferation of digital platforms and online music streaming services
- Rising number of music festivals and concerts
- Growing popularity of EDM (electronic dance music) genre
- Technological advancements in audio equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Music Production System Market Research Report
By Type
16-bit Type, 24-bit Type, 32-bit Type, 64-bit Type, Others
By Application
Mac, PC, Others
By Companies
Steinberg, Apple, Image-Line, Sony, MuTools, Acoustica, Tracktion, Zynewave, Renoise, PreSonus, BandLab
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Music Production System Market Report Segments:
The global Music Production System market is segmented on the basis of:
Types
16-bit Type, 24-bit Type, 32-bit Type, 64-bit Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mac, PC, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Steinberg
- Apple
- Image-Line
- Sony
- MuTools
- Acoustica
- Tracktion
- Zynewave
- Renoise
- PreSonus
- BandLab
Highlights of The Music Production System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 16-bit Type
- 24-bit Type
- 32-bit Type
- 64-bit Type
- Others
- By Application:
- Mac
- PC
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Music Production System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A music production system (MPS) is a software application used to create, edit, mix and master music. It can be used by a single person or by a team of people.
Some of the major companies in the music production system market are Steinberg, Apple, Image-Line, Sony, MuTools, Acoustica, Tracktion, Zynewave, Renoise, PreSonus, BandLab.
The music production system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Music Production System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Music Production System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Music Production System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Music Production System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Music Production System Market Size & Forecast, 2018-2028
4.5.1 Music Production System Market Size and Y-o-Y Growth
4.5.2 Music Production System Market Absolute $ Opportunity
Chapter 5 Global Music Production System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Music Production System Market Size Forecast by Type
5.2.1 16-bit Type
5.2.2 24-bit Type
5.2.3 32-bit Type
5.2.4 64-bit Type
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Music Production System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Music Production System Market Size Forecast by Applications
6.2.1 Mac
6.2.2 PC
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Music Production System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Music Production System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Music Production System Analysis and Forecast
9.1 Introduction
9.2 North America Music Production System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Music Production System Market Size Forecast by Type
9.6.1 16-bit Type
9.6.2 24-bit Type
9.6.3 32-bit Type
9.6.4 64-bit Type
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Music Production System Market Size Forecast by Applications
9.10.1 Mac
9.10.2 PC
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Music Production System Analysis and Forecast
10.1 Introduction
10.2 Europe Music Production System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Music Production System Market Size Forecast by Type
10.6.1 16-bit Type
10.6.2 24-bit Type
10.6.3 32-bit Type
10.6.4 64-bit Type
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Music Production System Market Size Forecast by Applications
10.10.1 Mac
10.10.2 PC
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Music Production System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Music Production System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Music Production System Market Size Forecast by Type
11.6.1 16-bit Type
11.6.2 24-bit Type
11.6.3 32-bit Type
11.6.4 64-bit Type
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Music Production System Market Size Forecast by Applications
11.10.1 Mac
11.10.2 PC
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Music Production System Analysis and Forecast
12.1 Introduction
12.2 Latin America Music Production System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Music Production System Market Size Forecast by Type
12.6.1 16-bit Type
12.6.2 24-bit Type
12.6.3 32-bit Type
12.6.4 64-bit Type
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Music Production System Market Size Forecast by Applications
12.10.1 Mac
12.10.2 PC
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Music Production System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Music Production System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Music Production System Market Size Forecast by Type
13.6.1 16-bit Type
13.6.2 24-bit Type
13.6.3 32-bit Type
13.6.4 64-bit Type
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Music Production System Market Size Forecast by Applications
13.10.1 Mac
13.10.2 PC
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Music Production System Market: Competitive Dashboard
14.2 Global Music Production System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Steinberg
14.3.2 Apple
14.3.3 Image-Line
14.3.4 Sony
14.3.5 MuTools
14.3.6 Acoustica
14.3.7 Tracktion
14.3.8 Zynewave
14.3.9 Renoise
14.3.10 PreSonus
14.3.11 BandLab
