Global Music Production Software Market to Triple in Value in the Next Five Years

The global music production software market is expected to grow to USD 6.26 billion by the end of the period 2018-2022, from USD 2.12 billion in 2017, according to the latest market research report by Technavio. The new report, "Global Music Production Software Market 2018-2022," which is now available, forecasts high growth for music software (recording, mixing, and editing) due to the strong demand for digital audio content worldwide.

Technavio’s latest market research report on the global wireless headphones market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines the increasing penetration of smart devices as an emerging trend with the potential to significantly impact the market and contribute to its growth or decline. The report signals the increasing adoption of sports and fitness wireless headphones to drive growth of the wireless headphones market till the end of 2022.

Technavio analysts forecast the global smart headphones market to grow at a CAGR of over 19% during the forecast period, according to their latest report. Multiple applications of headphones are creating opportunities for the global smart headphones market through 2020, according to the new research study now published, which lists current wired and wireless headsets market segments and estimates the wireless segment accounting for over 71% of the total market share in 2015.

The global home theater market is expected to grow steadily, exceeding USD 28 billion by 2020. The top four emerging trends influencing the global home theater market, according to Technavio’s media and entertainment research analysts are the growing number of smart homes, vendors collaborating on product bundling, the growing adoption of cloud services and expansion to emerging markets.

Worldwide shipments of headphones keep on growing year after year and are already one of the top consumer electronics categories. The problem is, with all the excitement, it seems that many companies are not actually doing proper marketing research. Both in mass-market oriented designs and those models targeting high-end users the market is also being flooded with “me too” products.