Desktop Music Market size was valued at USD 8.85 billion in 2024 and is likely to cross USD 28.46 billion by 2037, registering more than 9.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of desktop music is estimated at USD 10.23 billion.
The growth of the market can be attributed to growing number of people who listen to podcast for the purpose of entertainment, knowledge, and for inspiration or motivation. There are currently approximately, 400 million podcast listeners worldwide. By the end of 2024, it is anticipated that there would be about 500 million listeners globally. Hence owing to the number of podcast listener, the consumption of audio media is growing rapidly. Additionally, podcasters are focusing more on serving the best quality audio to the listener. As a result, podcasters are extensively using digital audio workstations (DAW) to edit their digital audio recordings to remove any unpleasant gaps and create the ideal podcast, which is also expected to boost the demand for the product.
Further, there has been growing investment made by various audio streaming industry which is also estimated to boost the growth of the market. Additionally, owing to increase public interest in electronic music genres and widespread use of electronically produced songs by music producers around the world, the production of electronic music is also expanding rapidly, which is further estimated to boost the market growth. DAW has made it simple to create electronic music on desktop Along with features such as editing, it also offers virtual instruments to the musician. Hence DJs, and music composers all around the world are extensively using DAW for producing music.
Author Credits: Abhishek Verma
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