Music Composing Software Market by Instrument Simulation (Piano, Pipe Organ, Guitar, Full Orchestra, Drums & Percussions), by Operating System (Windows, MAC, iOS, Android, Linux, BSD), by Deployment (On-premises, Cloud), by Geography (U.S., Canada, France, Germany, U.K., Italy, Spain, China, Japan, South Korea, Australia, India, Mexico, Brazil, Turkey) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023
NEW YORK, March 12, 2019 (GLOBE NEWSWIRE) -- The rapidly developing media and entertainment industries and a keen interest of musicians in composing applications are being considered the major factors helping in the growth of the music composing software market. During 2018–2023, the sector is expected to witness a CAGR of 21.4%. In countries such as the U.S., the U.K., and Germany, more schools are focusing on music as a means of wholesome development as well as therapy. The sector’s growth is also being driven by the increasing number of professionals, and amateurs who want to take up music as a hobby.
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For at least 41,000 years (going by archeological findings), music has been an integral part of human culture. From Vedic mantras to Biblical hymns, we find music everywhere. Musical instruments have come a long way in evolving from those made out of stones and animal bones to the complex objects we see and play today. And, as the popular saying goes, “Change is the only constant”, musical instruments are evolving still. Their latest avatar is the composing software that is helping make music more dynamic than ever.
Intense competition among musicians is leading to a desire for unique customizations in compositions. These include everything from creating melodies and chords to arranging different notations, which is making the case for the music composing software market. This is why more players are offering software with customization options such as citing music available on the cloud and making music for different instruments and sheets in an orchestra. Music courses that impart training via composition software are increasing, which will further strengthen the market.
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There are a few factors impeding the growth of the sector, most notably the availability of free software. As everyone wants their spending to be as less as possible, these free products are becoming popular. However, as most of these programs come with limited features or are pirated copies of original software, prone to crashing and corrupting any time, the future of the music composing software market seems rather secure.
The instruments for which such software is available include piano, guitar, and drums. Among these, guitar software enjoys the lion’s share owing to the instrument’s versatility and the energy it imparts to the music. Software that simulates the piano is also experiencing increased demand in the music composing software market. As more artists are switching to virtual piano from keyboards to make their compositions multilayered, this product is rapidly gaining buyers. The forecast for 2018–2023 is similar, wherein guitar composition software will generate the highest revenue.
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A handful of firms such as Avid Technology Inc., Maestro Music Software, and MakeMusic Inc., currently enjoy monopoly over the market. To keep their ship steady in the music composing software market, these players are upgrading their products with new features, often catering to their customers’ specific requirements.
Seeing the current scenario, it can be said that the constant endeavor to treat listeners to new music, artists are heavily banking on customization and innovation, taking the market toward a bright future.
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