Smartphone Music Production Software Market Size to Surpass USD 157,548 thousand by 2030, exhibiting a CAGR of 9.3%

As per the report by Fortune Business Insights, the Smartphone Music Production Software Market size is projected to reach USD 157,548 thousand in 2030, at a CAGR of 9.3% during the forecast period, 2023-2030

Pune, India, Sept. 13, 2023 (GLOBE NEWSWIRE) — The global Smartphone Music Production Software Market size was valued at USD 78,609 thousand in 2022 and is projected to reach USD 157,548 thousand by 2030, exhibiting a CAGR of 9.3% during the forecast period. Fortune Business Insights presents this information in their report titled “Global Smartphone Music Production Software Market Forecast, 2023-2030.”

Request a Sample PDF: https://www.fortunebusinessinsights.com/enquiry/sample/smartphone-music-production-software-market-106428

Notable Industry Development:

December 2021 – BandLab announced raising USD 53 million toward mass music creation, expanding its team, and increasing offerings toward aspiring artists and music content creators globally.

Key Takeaways

  • Smartphone Music Production Software Market size in North America was USD 31,392 thousand in 2022
  • Music Production Software and Mobile App Downloads Led to Industry Growth Amid Pandemic
  • Mixing Segment to Lead due to the Rise of Remix Culture Empowers Users to Mix and Create Music with Advanced Features
  • Home Studios (Personal) Segment to Dominate due to Unlimited Possibilities of Music Production


Discover the Leading Players Featured in the Report:

“Companies leading the global Smartphone Music Production Software Market are Avid Technology, Inc. (U.S.), Spotify Technology S.A. (U.S.), Roland Corporation (Japan), Sony Group Corporation (Japan), BandLab Technologies (Singapore), Arturia Tous droits réservés (France), inMusic Brands (U.S.), Native Instruments GmbH (Germany), Steinberg Media Technologies GmbH (Germany), Image Line Software (Belgium), KORG Inc. (Japan)”


Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 9.3%
2030 Value Projection USD 157,548 thousand
Base Year 2022
Smartphone Music Production Software Market Size in 2022 USD 78,609 thousand
Historical Data for 2019 to 2021
No. of Pages 150
Segments covered By Type, Application, and Geography


Browse Complete Report Details: https://www.fortunebusinessinsights.com/smartphone-music-production-software-market-106428

Drivers and Restraints

AI-powered Music Production Software Empowers Musicians Driving Industry Growth

Smartphone music production software is being developed by market players with diverse features, available through both paid subscriptions and free options. These apps incorporate Artificial Intelligence (AI) technology and music software programs to enhance the user experience. By integrating AI into various aspects of music, such as composition, performance, learning, and digital processing, these apps empower musicians and offer opportunities for small and medium-sized music firms to advance with minimal investments.

However, the smartphone music production software market growth is anticipated to constrain due to the availability of limited features and performance shortcomings of certain software offerings.

Segmentation

By Type

  • Editing
  • Mixing
  • Recording

By Application

  • Music Production Companies
  • Independent Musician
  • Home Studios (Personal)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America


Regional Insights

North America Leads with Growing App Usage and Digital Consumption Habits

North America dominates the smartphone music production software market, with the U.S. being the home to the world’s largest music industry. App usage in the U.S. has surpassed live television viewing, with the average American spending four hours per day on their smartphones or mobile devices.

Asia Pacific is expected to be the fastest-growing market due to its widespread mobile adoption, surpassing desktop devices in popularity and usage.

Quick Buy – Smartphone Music Production Software Market Research Report:

https://www.fortunebusinessinsights.com/checkout-page/106428

Competitive Landscape

Market Leaders Focus on Enhancing Products and Offer Free Versions to Attract Customers

Market leaders are continuously improving their products to meet the demands of a competitive industry and increase their smartphone music production software market share. They focus on developing high-value offerings and enhancing product efficiency to retain existing customers and attract new ones. To entice new users, some companies provide free versions of their premium music production software for a limited period, allowing users to experience the product’s features.

FAQs

How big is the Smartphone Music Production Software Market?

The Smartphone Music Production Software Market size was USD 78,609 thousand in 2022. It is expected to reach USD 157,548 thousand by 2030.

How fast is the Smartphone Music Production Software Market growing?

The Smartphone Music Production Software Market will exhibit a CAGR of 9.3% during the forecast period, 2023-2030.

Related Reports:

Streaming Media Devices Market Size, Share, Revenue Forecast and Opportunities

Audio Communication Monitoring Market Overview, Industry Share and Forecast

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Attachment

  • Smartphone Music Production Software Market

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy