North America Market Forecast
The digital audio workstation market in North America is predicted to grow at a rate of about 32% by 2037. The region has been witnessing high adoption of digital audio workstations in various industries, such as music, advertising, film, radio, and television. In addition, countries such as the United States and Canada have a large base of people who listen to audiobooks and Spotify. A total of 74.0% of US internet users, or 222.7 million people, listened to digital audio in 2022. Almost 12 million Canadians visit Spotify each month, making it the most popular platform in the country.
Asia Pacific Market Analysis
The Asia Pacific digital audio workstation market is expected to reach a volume of about 29% by the end of 2037. The growing popularity of music streaming services and an increasing number of podcast listeners, along with the development of infrastructure and the emergence of cloud-based audio production solutions is emerging the rapid adoption of DAW in the region. The number of Indians listening to music has increased from a little over four million in 2016 to an estimated 90 million by 2022. Globally, India became the third-largest market for podcast listening in 2020.
Author Credits: Abhishek Verma
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