Smartphone Music Production Software Market Analysis (2024 – 2030)

The estimated value of the Global Smartphone Music Production Software Market stood at USD 86.99 million in 2023 and is expected to achieve USD 163.16 million by 2030, with a projected growth rate of 9.4% during the forecast period from 2024 to 2030.

Overview of the Smartphone Music Production Software Market

Digital audio workshop (DAW) software, known as music production software, serves purposes such as digital recording, musical composition, electronic music creation, and various other musical applications. The market for music software is set to expand significantly due to the ease of downloading these programs and their diverse uses, including digital recording, electronic music production, and musical composition. The availability of online training resources and reference materials makes it convenient for both professional musicians and enthusiasts to learn music. Social media platforms like Twitter and Facebook enable artists to understand their audience better for enhanced engagement. Moreover, the compatibility of music production software with devices such as smartphones, laptops, and tablets is expected to propel market growth in the forecast period.

Key Insights into the Market:

Tuned Global acquired Pacemaker, a music technology provider, along with its Alpowered DJ and curation tools, aiming to broaden their B2B music and streaming technology offerings for improved customer engagement.

MasterCard launched the MasterCard Artist Accelerator program to empower emerging musicians in the digital market, leveraging its expertise in music with strong networks in the digital economy.

Moog introduced a new version of the Animoog software, Animoog-Z, compatible with iOS devices like iPhone, iPad, and macOS, showcasing the company's legendary music synthesizer.

Native Instruments and EMH Partners announced an agreement to sell Majority Ownership to Francisco Partners, enabling musicians to create music without the high costs associated with traditional recording setups.

Drivers of the Global Smartphone Music Production Software Market:

Musicians are empowered by AI-powered music production software, which is fostering industry expansion:

AI-powered music production software empowers musicians, fostering industry growth by offering various capabilities through paid subscriptions and free options. These applications, integrating music software with Artificial Intelligence (AI), support musicians and provide opportunities for small to medium-sized music enterprises to thrive with minimal investment.

Growing SME Population to Increase Demand for Music Production Software:

Increasing demand for music production software stems from the growing population of startups and small businesses globally. Major market players are developing diverse music creation software for smartphones, such as the AX-Edge Editor, Aerophone mini Plus, Beat Sync Maker, and more, offering users comprehensive access similar to commercial studios from the comfort of their homes.

With Asia Pacific leading in mobile app downloads, governments worldwide are implementing programs to support small and medium-sized enterprises (SMEs), recognizing their contribution to national income and job creation. Large companies are also engaging and funding small enterprises to enhance market knowledge and operations, further boosting the market.

Insights into Challenges Faced by the Market:

Despite the advantages, the market faces limitations due to the absence of key features in smartphone music-producing software. Issues like a cluttered app interface and performance gaps compared to studio tools may hinder music creation processes. The auto-saving feature, though present, might not activate immediately, potentially leading to data loss.

Opportunities in the Global Smartphone Music Production Software Market:

Market growth will be accelerated by rising demand for cloud-based music production software:

Cloud-based music production software presents significant growth opportunities, offering users vast libraries of synthesizer presets, audio samples, and mixing tools. Services like Splice, Noiiz, and Loopcloud allow users to back up work on cloud servers and access royalty-free audio samples for compositions without copyright restrictions.

Major industry players are introducing cloud-based smartphone music production software for recording, editing, and publishing music videos, providing ample storage for audio and video files on smartphones. For instance, iZotope's Spire Studio's Second Generation offers a cloud-based ecosystem for recording, production, and collaborative musical tools, demonstrating the market's potential growth with the increasing demand for cloud technology in music production software.

Global Smartphone Music Production Software Market Segmentation: By Type

• Editing
• Mixing
• Recording

Among the classifications, recording emerges as the fastest-growing section, showing a 45% increase. Previously, the process required traditional recording facilities and specialized equipment, often costly and time-consuming to access. The introduction of smartphones, however, has democratized this procedure, simplifying it for individuals with varying levels of musical expertise to capture their ideas and melodies. This ease of recording on smartphones, coupled with the availability of user-friendly music production applications, has led to heightened interest and adoption. Moreover, the expansion of social media platforms and streaming services has opened new avenues for sharing and distributing music. With conventional music distribution methods becoming less necessary, musicians and composers can now effortlessly share their recorded compositions with a global audience. Consequently, more people are exploring the potential of creating music on their mobile devices, contributing to the flourishing of the recording industry.

Within this realm, the editing segment is experiencing rapid growth, marked at 29%. Several significant factors are driving the expansion of the global smartphone music production software market's editing sector. A primary factor is the increasing emphasis on customization and personalization within music development and refinement. Musicians, whether professionals or enthusiasts, constantly seek novel ways to tailor their creations. Editing tools enable them to refine melodies, adjust rhythms, and enhance overall sound to align with their artistic visions. This demand for personalized musical experiences has spurred the desire for more advanced and user-friendly editing features on smartphones. The surge in DIY music creation further propels the growth of the editing market. With smartphones now equipped with powerful editing capabilities, individuals can step into the roles of producers and engineers, transforming raw musical concepts into polished recordings. This empowerment has drawn in a broader spectrum of music enthusiasts who previously lacked access to traditional production tools.

Global Smartphone Music Production Software Market Segmentation: By Application

• Music Production Companies
• Independent Musicians
• Home Studios (personal)

Following closely in market share are independent musicians and home studios (personal), accounting for 48% and 25% respectively of smartphone music production software usage. The availability of such programs enables anyone, regardless of financial constraints or location, to engage in music composition. Consequently, music creation has become accessible to a much larger demographic, including those who previously could not afford professional studio rentals or equipment. Users are presented with creative opportunities to experiment with and refine their musical pieces through these platforms.

Today, independent singers, musicians, podcasters, and voiceover artists frequently employ smartphone music production software to swiftly craft high-quality music from any location. Modern independent musicians create music using mobile applications and share their works online. Thus, the rising adoption of professional music composition software by social media influencers and individual producers is fueling the demand for mobile music software.

Smartphone Music Production Software Market By Region

Global Smartphone Music Production Software Market Segmentation: By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

North America commands the largest market share at 55%, owing to its status as the world's largest music market. In the United States, mobile app usage has surpassed live television viewership. Americans, on average, now spend four hours per day on their smartphones or other mobile devices, compared to 3.7 hours per day watching live TV.

Over the past decade, Europe's music industry has undergone significant transformations due to digitalization, new business models, and increased competition from global entities, particularly those based in the United States. The region has experienced a profound crisis prompting substantial changes in music production, consumption, distribution, and commercialization. Strategic coordination across all levels of the multi-faceted music sector is crucial to foster the growth and advancement of the music industry in European nations.

Looking ahead, Asia Pacific is poised for the fastest growth at 32%. Smartphone penetration in most Asian countries has surpassed that of desktop devices, including nations like South Korea, Singapore, Taiwan, Hong Kong, Australia, and Japan. Moreover, Asians are known for spending extensive periods on their mobile devices, with individuals in India, Hong Kong, Taiwan, and Indonesia averaging more than five to six hours daily. These factors present music production software providers with opportunities to engage existing clients and attract new ones. Several companies are already optimizing their offerings for enhanced usability and accessibility on mobile devices, offering branded applications to their consumers.

COVID-19 Impact on Global Smartphone Music Production Software Market:

The COVID-19 pandemic forced businesses to close, presenting challenges for artists to continue their usual activities. However, musicians overcame these obstacles through social media platforms, live streaming, and smartphone music creation apps, discovering new ways to connect with their audiences and unlocking lucrative business prospects. The pandemic significantly influenced the mobile app market, with substantial growth observed in app downloads throughout 2020, a trend expected to continue. Software firms with high recurring revenue and strong profit margins are anticipated to witness increased demand in the medium to long term. The U.S. Bureau of Labor Statistics projects a 22% rise in demand for software engineers from 2020 to 2030, reflecting the growing significance of mobile app purchases and downloads amid the pandemic.

Global Smartphone Music Production Software Market Recent Developments:

In response to the heightened demand for user-friendly interfaces, companies are focusing on enhancing user experiences within their software solutions. Investments are being made in intuitive interfaces, instructional materials, and interactive features to cater to users with varying levels of musical proficiency. Additionally, companies are striving to ensure compatibility of their software across a range of hardware and operating systems, ensuring consumers a seamless experience irrespective of their chosen platform.

Apple recently unveiled Apple Music Classical, the premier classical music streaming service designed to offer classical music enthusiasts a premium listening experience. Featuring a simplified search tool, Apple Music Classical allows members to explore recordings from the world's largest classical music catalog effortlessly.

Roland Corporation introduced ZenTracker, an audio recording program enabling users to record, edit, and upload tracks to the Roland cloud. The program, available for both Android and iOS devices, is free to use, with Roland Cloud subscribers accessing enhanced features compared to free users.

Key Players:

1. Avid Technology, Inc.
2. Spotify Technology S.A.
3. Roland Corporation
4. e-Sony Group Corporation
5. BandLab Technologies
6. ArturiaTousdroits reserves
7. e-inMusic Brands
8. Native Instruments GmbH
9. Steinberg Media Technologies GmbH
10. Image Line Software

• In April 2024, Amanotes led a new fundraising round for Reactional Music, a music distribution network and personalization engine, aiming to accelerate music customization for video games. Recognized for its fusion of music and gaming, the platform enables users to personalize characters and gameplay with their preferred music, akin to "skins" and other in-game purchases.
• In March 2024, Qualcomm Technologies Inc. introduced the mobile platform for the Snapdragon 7 series, offering a contemporary, premium user experience. This platform aims to meet the demands of consumers and industry on a large scale with cutting-edge solutions.