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Artificial Intelligence

Digital Audio Workstation Market Size Expected to Reach USD 4.95 Billion, With 9.0% CAGR by 2029

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Pune,India, April 12, 2023 (GLOBE NEWSWIRE) — The global Digital Audio Workstation Market Size was valued at USD 2.49 billion in 2021. The market is projected to grow from USD 2.70 billion in 2022 to USD 4.95 billion by 2029, exhibiting a CAGR of 9.0% during the forecast period. This information is provided by Fortune Business Insights, in its report, titled, “Digital Audio Workstation Market Forecast, 2023-2029.”

Key Industry Development-

Social music creation platform BandLab has unveiled SongStarter in partnership with Google. It is an artificial intelligence refined tool that generates melodies, unique beats, and chord progressions based on user suggestions.

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Report Scope & Segmentation-

Report Coverage Details
Forecast Period 2022 to 2029
Forecast Period 2022 to 2029 CAGR 9.0%
2029 Value Projection USD 4.95 Billion
Base Year 2021
Digital Audio Workstation Market Size in 2021 USD 2.49 Billion
Historical Data for 2018 to 2020
No. of Pages 140
Segments covered Component, OS Compatibility, Deployment, End-user, Region


Key Takeaways-

  • Digital Audio Workstation Market is expected to flourish & reach USD 4.95 Billion in 2029
  • Companies have already begun investing in the future of machine made or aided music due to the growing popularity of AI powered music.
  • The growing number of free DAW options is predicted to impede market expansion.
  • The industry’s music producers are being helped by the DAW adoption to effectively attract, retain, and grow their consumer bases.
  • Digital Audio Workstation Market Size in North America was USD 869.1 Million 2021

Drivers and Restraints-

  • Increasing Fondness of Podcast among Listeners to Impel Market
  • Augmenting audio media consumption through podcasts among listeners is substantially rising on a day to day basis.
  • Digital audio workstation offers refined tools, which empower users to edit and record their podcasts.
  • Backed by this, podcasters utilize DAW to edit all the awkward pauses out of the podcast they record, trim it to perfection,
  • then put on a slight compressor and reverb to produce a modified version of their digital audio records.

Browse Complete Report Details- https://www.fortunebusinessinsights.com/industry-reports/digital-audio-workstation-market-100150

Regional Insights-

North America to Lead Stoked by Augmented Key Businesses

North America to attain the maximum digital audio workstation market share during the forecast period. The region is accommodating indispensable businesses across all industries and expansively using the workstation software.

Europe perceived notable CAGR during the forecast period owing to the rising rate of audio consumption. With thriving countries, such as Germany, the U.K., France, Italy, and others, the digital audio workstation market growth potential is expansive in the region.

Asia Pacific has considerably bolstered the adoption of progressive technologies, podcast and audiobooks listeners, and more. The consistently increasing customer base for audio content in the region is probable to increase the demand for DAW tools.

Segments:

Rising Acceptance of Intelligent Tools to Navigate Digital Audio Workstation Software Demand

Based on component, the market is segmented into software and services.

The software segment holds the largest revenue share, and it is anticipated to grow at the highest CAGR during the forecast period due to its expanded solution offerings such as audio recording and editing solutions, MIDI editing, mixing, and mastering, and others.

Expanded Surge in Implementation of Cloud-based DAW Solutions to Fuel Market

Based on deployment, the market is bifurcated into cloud and on-premise.

Cloud is projected to attain concentrated segment share during the forecast period. The fast tracking usage of cloud-based solutions is probable to surge the product demand.

Growing Emphasis on Customer Retention to Spur Market Development

Based on OS compatibility, the market is categorized into Apple OS, Windows, Android, and Linux. Windows segment is estimated to attain largest revenue share in the OS compatibility segment owing to the astoundingly increasing customer base.

Growing Concentration on Customer Retention to Thrive Market Growth

Based on end-user, the market is categorized into commercial and individual.

Commercial segment held the major market share in 2021 of around 62.4% and it is expected to be the quickest growing segment in the impending years.

Geographically, the market is divided into five key regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and South America. They are further categorized into countries.

Competitive Landscape-

Innovative Product Launch Announcement by Key Players to Bolster Market Growth

The prominent players adopt several strategies to bolster their position in the market as leading companies. One such key strategy is acquiring companies to bolster the brand value among users. Another essential strategy is periodically launching innovative products with a detailed study of the market and its target audience.

Report Coverage-

The market report highlights leading regions across the world to offer a better understanding of the user. Furthermore, the report provides insights into the latest industry trends and analyzes technologies deployed at a rapid pace at the global level. The report examines various paradigm shifts associated with the transformation of software. It further highlights some of the growth-stimulating factors and restraints, helping the reader gain in-depth knowledge about the market.

List of Key Players Mentioned in the Report-

  • Apple Inc. (U.S.)
  • Avid Technology, Inc. (U.S.)
  • Yamaha Corporation (Japan)
  • Adobe (U.S.)
  • Ableton (Germany)
  • Bitwig GmbH (Germany)
  • BandLab Technologies (Singapore)
  • Dirac Research AB (Sweden)
  • PreSonus Audio Electronics, Inc. (U.S.)
  • Native Instruments GmbH (Germany)

Major Table of Contents-

  • Global Digital Audio Workstation Market Size Estimates and Forecasts, By Segments, 2018-2029
    • Key Findings
    • By Component (USD)
      • Software
        • Recording and Sequencing Software
        • Plug-in Software
        • Others (Sampling Software, Education Software)
      • Services
    • By OS Compatibility (USD)
      • Apple OS
      • Windows
      • Android
      • Linux
    • By Deployment (USD)
      • On-premise
      • Cloud
    • By End User (USD)
      • Commercial
      • Individual
    • By Region (USD)
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia Pacific
  • North America Digital Audio Workstation Market Size Estimates and Forecasts, By Segments, 2018-2029
    • Key Findings
    • By Component (USD)
      • Software
        • Recording and Sequencing Software
        • Plug-in Software
        • Others (Sampling Software, Education Software)
      • Services
    • By OS Compatibility (USD)
      • Apple OS
      • Windows
      • Android
      • Linux
    • By Deployment (USD)
      • On-premise
      • Cloud
    • By End User (USD)
      • Commercial
      • Individual
    • By Country (USD)
      • United States
      • Canada
      • Mexico
  • South America Digital Audio Workstation Market Size Estimates and Forecasts, By Segments, 2018-2029
    • Key Findings
    • By Component (USD)
      • Software
        • Recording and Sequencing Software
        • Plug-in Software
        • Others (Sampling Software, Education Software)
      • Services
    • By OS Compatibility (USD)
      • Apple OS
      • Windows
      • Android
      • Linux
    • By Deployment (USD)
      • On-premise
      • Cloud
    • By End User (USD)
      • Commercial
      • Individual
    • By Country (USD)
      • Brazil
      • Argentina
      • Rest of South America

TOC Continued…!

Access Full Report- https://www.fortunebusinessinsights.com/checkout-page/100150

Related Report-

Media Monitoring Tools Market Share, Industry Report, 2022-2029

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Over The Top (OTT) Services Market Share, Revenue And Growth Rate Till 2028

FAQ:

How big is the Digital Audio Workstation Market?

The global digital audio workstation market size was valued at USD 2.49 billion in 2021 and is projected to grow from USD 2.70 billion in 2022 to USD 4.95 billion by 2029, at a CAGR of 9.0% during the forecast period.

How big is Digital Audio Workstation Market in North America?

The market in North America stood at USD 869.1 Million in 2021 and is expected to gain a huge portion of the market share in the coming years.

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.

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UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

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Artificial Intelligence

Compact Solutions, Mighty Results: Cervoz Unleashes the Power of Edge Computing

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TAIPEI, May 20, 2024 /PRNewswire/ — Cervoz Technology, a leader in industrial-grade storage, memory, and expansion solutions, is powering the evolution of edge computing with its innovative solutions.

In today’s data-rich landscape, businesses rely on insights from IoT devices. With advancements in AI and 5G, data volumes surge, straining traditional cloud computing with bandwidth and latency issues. Edge Computing emerges as a solution, processing data at its source for real-time insights crucial for applications like digital twins, autonomous vehicles, and smart healthcare.
What is Edge Computing?
Edge Computing is a decentralized IT architecture that processes data near its origin, often at the network’s edge. This approach divides tasks from central data centers to edge devices and nodes. It enables faster, deeper insights and enhances responsiveness, improving speed and reducing latency compared to centralized clouds. Typically, an Edge Computing system comprises three layers: device, edge, and cloud.
The Device Layer
The device layer, situated closest to the physical world, comprises endpoint devices such as sensors, controllers, and cameras, among others. The layer prioritizes data collection and initial processing for real-time response and efficiency. It requires highly reliable, compact, and energy-efficient components. Cervoz’s M.2 2230 (A+E key /B+M key) NVMe SSDs and DDR4 SO-DIMM modules optimize this setup with fast data access and efficient storage in space-saving designs. They operate reliably across a wide temperature range (-40°C to 85°C) and feature additional conformal coating and anti-vibration filling for enhanced performance in harsh environments.
The Edge Layer
The edge layer, composed of edge servers and gateways, serves as a crucial link between device-layer data sources and cloud-based operations. It is designed for extensive data handling, filtering, and analytics, emphasizing quick operations and real-time responses to minimize reliance on remote data centers. For optimal performance, components must manage high processing loads with minimal latency and maximum stability. NVMe SSDs boasting PCIe Gen3 or higher, such as the Cervoz NVMe PCIe Gen3x4 SSD, with compact M.2 form factors, advanced DRAM cache buffer, and LDPC ECC technology, are perfectly suited for the edge layer. These SSDs enable efficient directory and error correction during high-speed data transfers, thus enhancing data accuracy and reliability.
The Cloud Layer
The cloud layer requires intensive processing and long-term storage, performing analytics, operating AI and machine learning, and managing extensive data systems across various edge locations. It demands high-performing and reliable components. Cervoz NVMe PCIe Gen4x4 SSDs excel with Read/Write speeds of up to 7,100/6,190 MB/s and 4K random IOPS up to 1,000K, with aluminum heatsinks and thermal throttling for overheating issues. DDR5-5600 DRAM boosts this setup with high data throughput and efficient power use, satisfying rigorous computational needs.
Interlayer Connectivity
Reliable, low-latency network connectivity is crucial as data flows between the device layer, edge, and cloud. Cervoz 10GbE Low-Profile Ethernet Card provides high-speed, stable wired connections in high-bandwidth, low-latency environments. Additionally, the new PCIe Compact Low-Profile Ethernet Card is ideal for narrow edge device enclosures. For areas where wiring is impractical, M.2 Wi-Fi cards offer essential wireless flexibility. These connectivity options ensure a solid foundation for seamless data management across all layers.
Cervoz offers comprehensive solutions to enhance edge computing capabilities. From compact NVMe SSDs and DRAM modules, to advanced modular expansion cards, enabling seamless integration, optimized performance, and unmatched reliability in edge computing deployments.
About Cervoz
Based in Taiwan, Cervoz Technology boasts almost twenty years of expertise in developing and providing industrial-grade storage, memory, and expansion solutions across a myriad of global industrial sectors.
ContactsSales: [email protected] 
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Artificial Intelligence

Team Exponentia.ai UK attended the AWS summit in London

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Team Exponentia.ai UK celebrates Sanjay Kumar’s insightful session at the AWS summit in London
LONDON, May 20, 2024 /PRNewswire/ — Sanjay Kumar, Head of Exponentia.ai in UK & Europe, delivered an impactful presentation on Driving Manufacturing Innovation through AWS Analytics & AI. The recently concluded AWS Summit took place on the 24th of April in ExCeL, London.

Sanjay shared the stage at Theatre B with Adrian Pinder from DS Smith and Ahmed Raafat from AWS, captivating the audience with insights and experiences from Exponentia.ai’s collaboration with DS Smith.
During the session, Sanjay Kumar highlighted Exponentia.ai’s impressive use cases and case studies, including the Data Factory and Procurement Spend Analytics (PSA) projects undertaken in partnership with DS Smith. These initiatives demonstrated Exponentia.ai’s commitment to leveraging the AWS ecosystem to drive operational efficiency and business growth in the manufacturing sector.
The Exponentia.ai team seized the opportunity to engage with industry peers, partners, and friends, while also exploring the latest innovations showcased at the summit. Their participation in various sessions and visits to innovative booths further enriched their understanding of industry trends and best practices.
Reflecting on the event, Sanjay Kumar expressed his enthusiasm, stating, “The AWS Summit in London provided an excellent platform for us to showcase our expertise in manufacturing analytics and AI. The overwhelming response from attendees reaffirms the value of our solutions in driving innovation and transformation across industries and our commitment to deliver value to our customers through data. We look forward to continuing our collaboration with AWS and our partners to deliver impactful outcomes for our clients.”
The AWS Summit London 2024 marked a significant milestone for Exponentia.ai, reinstating its commitment to excellence and innovation in the field of AI and analytics. As the team eagerly anticipates future events, they remain dedicated to empowering businesses with transformative technology solutions.
For more information about Exponentia.ai and its innovative offerings, please visit www.exponentia.ai. 
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Artificial Intelligence

Clarivate Launches AI-Enhanced Solution to Accelerate Trademark Watching

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Providing faster and more accurate answers to critical business questions
LONDON, May 20, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, launched the first publicly available version of Trademark Watch Analyzer today at the 2024 International Trademark Association Annual Meeting. As the next-generation trademark protection solution enhanced by artificial intelligence (AI) and cloud technology, this solution combines Clarivate global trademark and case law data, in-house IP expertise, and cutting-edge AI technology. It will provide faster and more accurate answers to critical business questions by automating key trademark watching tasks and intelligently prioritizing result sets.

Trademark Watch Analyzer connects users to trademark datasets in 258 countries and territories across 191 official trademark registers, as well as data from 7+ million trademark litigation cases. This content is harmonized and connected through AI algorithms which query, connect and mine both datasets delivering advanced insights in supported watch products. This revolutionizes the way trademark watch results are delivered, so that clients can rank results based on their chance of success/opposition.
According to data from SAEGIS®, a CompuMark™ trademark solution from Clarivate, the number of trademark applications filed globally each year has more than doubled since 2014. With over one million new trademarks added to trademark registers around the world each month, the risk of infringement has never been greater, making vigilance of trademark applications essential to protect and grow strong brands.
Gordon Samson, President, Intellectual Property, Clarivate, said: “As the global business landscape grows more complex, trademark professionals are faced with challenges including more data, less context and shorter deadlines. Our advanced AI-driven solution enables clients to confidently monitor their trademarks anywhere in the world, with global monitoring and automated alerts, while also saving time, costs and critical resources. The launch of the Trademark Watch Analyzer is the latest example of our Think forward™ promise — connecting clients to trusted intelligence to ensure an IP-empowered tomorrow.”
With a more intuitive design and user interface, Trademark Watch Analyzer will enable clients to have a much-improved user experience as they work with their results. The navigation will be based on the same architecture as the Brand Landscape Analyzer launched in 2023, providing clients with a more cohesive experience within the Clarivate product suite.
Find out more about Trademark Watch Analyzer here.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact: Jack Wan, External Communications Director [email protected]
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