Audio Recording Software Market Size (2023 - 2030)

The Global Audio Recording Software Market was estimated to be worth USD 496 Million in 2022 and is anticipated to reach a value of USD 1,414.88 Million by 2030, growing at a fast CAGR of 14% during the forecast period 2023-2030.

An audio recording software, also known as DAW (Digital Audio Workstation) enables users to record sound to their device by converting the analog data to the digital data signal. In other words, it captures the sound waves and converts them into digital audio files. It uses a microphone for capturing sound and converting it into WAV or MP3. They are specifically used to record any sound, manipulate and mix audio, create audio files, and others. Further, audio recording software is widely used in the entertainment industry by musicians, podcasters, and content creators. Further, the incorporation of AI in the software has introduced several features for users. These AI-powered tools allow users to change their voice, normalize their tones, filter out background noise, process raw audio, integration with speech-to-text, record voice in different accents, and other attractive features that have contributed towards the growth of the audio recording software market.

Global Audio Recording Software Market Drivers:

Technological advancements have boosted the demand for the Audio recording Software Market.

The continuous development of computer processing, changes in file storage capacity, and audio processing algorithms have fuelled the growth of audio recording software. They are widely used for recording, manipulating, and editing audio. Further, advancements in digital audio processing such as high-fidelity recordings that offer noise cancellation features to users, enhancement of audio signals, and others have significantly increased consumer demand. Further, the emergence of AI and machine learning has changed the way users record audio. AI audio recording can automate repetitive tasks such as raw audio processing, intelligent audio editing, audio file restoration, and others. Moreover, it has provided users with attractive features that include AI-powered vocal tuning and pitch correction, pre-generating background music that sound realistic, audio synthesis that enables users in the music industry to produce innovative sounds, and others. Krisp, Humtap, Speechkit, and Smartrecord, are a few examples of AI audio recording software.

Increasing demand from the music industry has boosted the Audio Recording Software Market.

Audio recording software has witnessed an increasing demand from the music industry because of the benefits it provides to musicians, sound engineers, artists, and others. It provides easy accessibility to them as recording audio through computerized software has eliminated the traditional equipment required to record sound. This has further reduced their operational costs. Moreover, a recent trend of DIY music production (Do-It-Yourself) culture has become popular among artists as they can record, control, experiment, and edit audio through audio-recording software from anywhere in the world. This has reduced their dependency on audio refining studios. Additionally, features such as auto-editing, pre-existing musical effects, and others have made music recording and editing easier. However, one of the prime benefits of audio recording software is that it enables artists to stream and distribute their music online and collaborate with other artists, and others.

Global Audio Recording Software Market Challenges:

Though audio recording software has gained significant market growth, it is bound to face some challenges due to piracy and unauthorized distribution of audio. There are many pirated software that allows users to record voices free of cost. This can result in security threats and unethical use of recorded audio, as hackers or other unethical sources can sell the audio on some other platform, depriving the user and the software developer form their rights. Further, this pirated software has compatibility issues, security vulnerabilities, and instability that can damage the user’s device. This can decline the market growth of audio recording software.

Global Audio Recording Software Market Opportunities:

The Global Audio Recording Software Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, product launches, and agreements during the forecasted period. Furthermore, owing to the increase in demand for affordable audio recording software, the addition of new features by developers is predicted to develop the market for audio recording software and enhance its future growth opportunities.

COVID-19 Impact on Global Audio Recording Software Market:

The pandemic has had a significant impact on the audio recording software market. Due to the global lockdown, people spent most of their time at home, which resulted in increased use of digital devices and boosted the demand for audio recording software. Motivational speakers increased their online presence through podcasting, which increased the need for efficient audio recording software. Further, teachers used professional audio recording software to create online tutorials that were made available to students through Youtube. Moreover, there was an increasing demand for audio recording software by healthcare centers to record patients’ breathing sounds, heart, and lung sounds, and for other diagnosing purposes that enabled doctors and practitioners to assess their health status.

Global Audio Recording Software Market Recent Developments:

• In September 2021, Tape It launched an AI-powered music recording app for iPhones. The app allows users to improve audio recordings, enhance sound quality, provide automatic instrument detection, and support the addition of markers, notes, and images to the recording.
• In July 2020, Studio One 5, PreSonus launched Studio One. Its features included workflow enhancements, increased audio recording and composing performance, advanced editing tools, score notation features, updated virtual instruments, and expanded integration with hardware controllers.

AUDIO RECORDING SOFTWARE MARKET REPORT COVERAGE:

Global Audio Recording Software Market Segmentation: By Platform Type

• Windows

• iOS

• Android

• Linux

• Others

Based on segmentation by platform type, the Windows segment held the highest market share in 2022. Windows is the most dominant operating system and is compatible with large masses making it the most preferred operating system among people. Second-position is held by the android segment which is equally popular among people and is preferred for such applications. Furthermore, an increase in the number of smartphone users has led to the growth of this segment.

Global Audio Recording Software Market Segmentation: By End User Industry

• Entertainment

• Medical

• Education

• Others

Based on segmentation by end-user, the entertainment segment occupies the highest share of the market. Audio recording software is widely used in the music industry for recording, editing, manipulating, mixing, and editing sound. They are used by musicians, artists, sound engineers, home studio professionals, and others. Some examples of music recording software include Albeton Live 10 suite, Propellerhead Reason 7 DAW music Software, Pro Tools 10, and others. However, the film and television industry also uses audio recording software for recording dialogues, adding sound effects, voice-over, and dubbing purposes. The medical segment occupies a significant market share. Audio recording software is used in healthcare centers for medical dictation, transcription, telemedicine consultations with patients, diagnosing and monitoring patients, and others. Some examples include NextGen Healthcare HER, Nuance Dragon Medical One, Amazon Transcribe Medical, and others. The education segment occupies a sizeable market share owing to the increasing demand for audio recording software by tutors and subject matter experts in preparing e-learning audio, voice-overs for presentations, recording lessons, and others.

Global Audio Recording Software Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Based on market segmentation by region, North America occupies the highest share of the market. Due to increasing demand from artists, motivational speakers, and podcasters, the demand for audio recording software has increased in the region. Typically, podcasters use this software to record audio at home studios and share their work on online platforms such as Spotify, Youtube, and others. However, technological development in audio recording software such as voice cloning, real-time audio processing, audio analysis, and other such features have boosted the market for audio recording software in the region. Adobe Audition is one such platform that is popular among podcasters and artists for multi-track recording and audio mixing purposes. Asia-Pacific is predicted to witness significant growth in the market owing to increasing demand from the education sector. Teachers and Tutors are increasingly using audio recording software for e-learning purposes, which includes recording lectures, tutorials, and lessons and uploading them on online platforms for students’ access.

Global Audio Recording Software Market Key Players:

1. Audacity

2. Adobe Audition

3. Garageband

4. Avid Pro Tools

5. Ableton Live

6. PreSonus Studio One

7. Sound Forge