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Music Production Software Market to Grow by USD 432.8 Million (2025-2029), Rising Number of Musicians and Artists Boost Market, AI-Driven Transformation – Technavio

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NEW YORK, Jan. 2, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global music production software market size is estimated to grow by USD 432.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 7.7% during the forecast period. Rising number of musicians and artists is driving market growth, with a trend towards growing use of ai for music production. However, easy availability of open-source software for music production software poses a challenge. Key market players include Ableton AG, Acon AS, Acoustica Inc., Adobe Inc., Apple Inc., Avid Technology Inc., Bitwig GmbH, Cockos Inc., GoldWave Inc., Image Line Software NV, iZotope Inc., MAGIX Software GmbH, MOTU Inc., MuTools, NCH SOFTWARE Pty Ltd., Peaksware Holdings LLC, PreSonus Audio Electronics Inc., Reason Studios AB, Serato Ltd., and Yamaha Corp..

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Music Production Software Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.7%

Market growth 2025-2029

USD 432.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, Germany, Canada, UK, France, Japan, India, Brazil, and UAE

Key companies profiled

Ableton AG, Acon AS, Acoustica Inc., Adobe Inc., Apple Inc., Avid Technology Inc., Bitwig GmbH, Cockos Inc., GoldWave Inc., Image Line Software NV, iZotope Inc., MAGIX Software GmbH, MOTU Inc., MuTools, NCH SOFTWARE Pty Ltd., Peaksware Holdings LLC, PreSonus Audio Electronics Inc., Reason Studios AB, Serato Ltd., and Yamaha Corp.

Market Driver

The music production software market is thriving with innovations, driven by trends like social media, artificial intelligence, and cloud-based solutions. Digital audio workstations (DAWs) and recording tools have become more sophisticated, offering genre-focused features for electronic dance music and background scores. Technological advancements include AI-powered music creation, virtual instruments, and automated mixing. Perpetual licenses and subscription-based models cater to various budgets, making music production more democratized. Younger generations are embracing mobile apps for music production and education. Cloud technology enables collaborative tools, central hubs, and music production services. Machine learning algorithms and AI-powered music production are revolutionizing the music industry, offering high-quality recordings and audio environments. Music production firms use these tools to create jingles and formats for entertainment. Freemium and subscription-based models, along with free trials, have lowered the entry barrier for music producers and enthusiasts. Overall, software technology continues to streamline creative processes and democratize music production for various music genres and formats. 

Advanced technologies, specifically artificial intelligence (AI) and cloud technology, have significantly enhanced the music production process. Musicians and artists are utilizing AI for refining human-generated music through editing and mastering. AI-based music composing tools, such as Orb Composer 1.5 by HEXACHORDS ENTERTAINMENT SL, are being used for music production. AI automates music production by emulating cognitive skills to create music and discover patterns, improving the overall process. Consequently, many music software production companies are focusing on AI technology for music development. 

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Market Challenges

The music production software market is experiencing significant growth due to technological advancements and changing consumer preferences. Challenges include social media influence, artificial intelligence, and cloud-based solutions. Electronic dance music and home studios dominate the genre focus, with innovations such as AI-powered music creation and digital audio workstations (DAWs) leading the way. Perpetual licenses and subscription-based models, including freemium and cloud-based music production, cater to various budgets and operating systems. Machine learning algorithms and AI-virtual instruments enhance creative processes, while recording tools and automated mixing simplify digital audio production. Music production apps and services cater to younger generations, democratizing music production and education. The music industry benefits from high-quality recordings and audio environments, while collaborative tools reduce the entry barrier for music producers. The future of music production lies in AI-powered music creation, machine learning, and cloud technology, offering endless possibilities for music creation tools and formats.Open-source music production software poses a challenge to proprietary providers in the music production market. The availability of free software, such as Ardour, LMMS, and Mixxx, is easily accessible on web portals. Developed by a community of engineers, these tools offer benefits like free usage and support, preventing vendor lock-in. One popular option is Audacity, a multi-track audio editor and recorder suitable for Windows and Mac OS devices. Despite the revenue impact, proprietary software continues to offer unique features and support for those willing to pay.

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Segment Overview 

This music production software market report extensively covers market segmentation by

End-user1.1 Professionals1.2 Non-professionalsType2.1 Editing2.2 Mixing2.3 RecordingGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Professionals- The music production software market caters to end-users such as musicians, DJs, and music production companies. With the global film industry’s rapid growth, film producers are investing in better audio and video quality, including 3D and 4D formats. To meet their requirements, music production software providers are continuously developing and introducing new versions, offering updates, and releasing notifications about the latest products. The increasing number of musicians and artists, as well as the popularity of music streaming services and remix songs, fuels the demand for music production software in the media and entertainment industry. For instance, Apple’s Logic Pro X update, featuring new tempo detection technology and professional sound-shaping tools, caters to the needs of musicians producing electronic music. These innovations will contribute to the expansion of the professionals segment in the global music production software market during the forecast period.

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Research Analysis

The Music Production Software market is a dynamic and innovative industry, offering a wide range of tools and solutions for composers, producers, and artists to create, edit, and distribute music. From AI music composers that generate customized music based on specific parameters to music production workflow software that streamlines the production process, there’s a solution for every need. Film scoring, podcasting, game audio, and live performance are just a few applications of music production software. Music production techniques and tips are abundant online, with tutorials and reviews available for various software and plugins. Mobile and iOS users can also get in on the action with free and paid music production apps for electronic music creation, MIDI controller support, and more. Music education and licensing are also essential aspects of the market, with many platforms offering comprehensive courses and resources. The latest trends in music production software include AI music generation, cloud music production, music production in the metaverse, and augmented reality content creation. Audio mixing software, audio engineering, music creation tools, audio mastering, and virtual reality are also popular areas of development. Overall, music production software continues to evolve, providing endless possibilities for creators to bring their ideas to life.

Market Research Overview

Music production software has seen significant innovations in recent years, with technological advancements bringing about new capabilities and making music creation more accessible to a wider audience. Social media platforms have become central hubs for music producers to showcase their work and connect with peers. Cloud-based solutions and perpetual licenses offer flexibility in usage, while digital audio workstations (DAWs) and recording tools enable high-quality digital audio production. AI-powered music creation, including AI-virtual instruments and machine learning algorithms, are revolutionizing music production, offering automated mixing, genre focus, and even AI-generated compositions. Younger generations are increasingly turning to music production apps and mobile apps for creating electronic dance music and background scores. Cloud technology, freemium models, and subscription-based services have democratized music production, making it more accessible to those with limited budgets or operating systems. The music industry is embracing these technological advancements, with music production services offering sophisticated collaborative tools for remote work and audio environments for mixing and editing. Innovations in music production software continue to break down the entry barrier, making music creation a more accessible and exciting endeavor for all.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userProfessionalsNon-professionalsTypeEditingMixingRecordingGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Galloway Company Expansion Nearly Doubles United States Industrial Sweetened Condensed Milk Capacity

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January 9, 2025

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NEENAH, Wis., Jan. 9, 2025 /PRNewswire/ — Galloway Company, a leader in premium dairy ingredients, announces the completion of a major expansion to its production capabilities. The addition of a custom-built evaporator will nearly double the United States’ total capacity for industrial sweetened condensed milk. The expansion comes at a critical time, relieving a highly constrained market for premium concentrated dairy ingredients in the United States.

The expansion will set new industry benchmarks in capacity, operational efficiency, and quality.

The expansion will allow the company to serve existing clients with the same premium quality ingredients they’ve come to rely on, while also welcoming new customers for the first time in four years.

“Over the last four years, we’ve seen growing constraints from the bakery and confectionery markets, with extended lead times and maxed-out production capacities,” said Mike Hasler, Director of Industrial Sales, Galloway Company. “This expansion ensures we can not only meet the demand of our existing customers but also welcome new business.”

With the addition of the second evaporator, Galloway Company is building redundancy into its production process, minimizing the risk of service interruptions for clients. The new system will also enable greater customization of products, allowing the company to meet the needs of clients of all sizes—from full tanker trucks to smaller batches packaged in totes and 5-gallon pails.

The expansion will set new industry benchmarks in capacity, operational efficiency, and quality. The upgraded system includes high-efficiency motors and precision-engineered valve systems, with a fully automated homogenization process, advanced lactose seeding technologies, and state-of-the-art cooling systems. These updates minimize energy consumption and reduce environmental impact while advanced quality control measures ensure consistent performance and accuracy. 

For more information or to place an order, please visit gallowaycompany.com or contact Mike Hasler at mhasler@gallowaycompany.com.

About Galloway Company

Galloway Company is the number one supplier of cream liqueur bases and sweetened condensed milk in the U.S. Located in Neenah, Wisconsin, Galloway specializes in producing unique formulations of condensed dairy blends and beverage bases. Classic Mix Partners, a subsidiary of Galloway Company, is the largest manufacturer of frozen dairy dessert mixes in Wisconsin, serving customers nationwide. For more information on our complete line of innovative dairy product mixes and bases, visit gallowaycompany.com.

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SOURCE Galloway Company

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SOCi Scales its AI Agent Solutions While Bolstering Path to Profitability

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38 minutes ago

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January 9, 2025

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SAN DIEGO, Jan. 9, 2025 /PRNewswire/ — SOCi, Inc., the leader in AI-powered marketing solutions for multi-location businesses, today announced initial results from its AI Agent strategy. In less than eight months, SOCi’s Genius AI™ solutions now account for more than 10% of the company’s annual recurring revenue (ARR). These results cap off a year of remarkable milestones for SOCi, including surpassing $100 million in ARR—a feat that places the company among the elite Centaur SaaS organizations globally.

In 2025, the company plans to continue to enhance and expand its advanced Genius AI™ technology, allowing SOCi’s AI Agents to take on even more local marketing tasks at scale and deliver unprecedented efficiency and value for SOCi’s nearly 1,000 multi-location customers. Additionally, SOCi is committed to accelerating its journey to profitability by strategically realigning resources to focus on high-impact areas with proven success. This reorganization is designed to enhance efficiency, drive scalability, and position the company for sustainable, long-term growth.

“We remain committed to revolutionizing the industry with our AI Agent innovation and Genius solutions, delivering the first digital workforce to drive unparalleled value for our customers,” said Afif Khoury, CEO of SOCi. “Simultaneously, we are focused on achieving sustainable growth by prioritizing financial stability and operational efficiency, solidifying our position as the leader in marketing innovation.”

Recently recognized as an Inc. 5000 fastest-growing company for the seventh consecutive year, and named one of Fast Company Most Innovative Companies, SOCi continues to expand its reach into new high-growth markets with its cutting-edge local marketing solutions. Over the past two years, the company has forged partnerships with iconic enterprises such as Ford, Jersey Mike’s Subs, and Ace Hardware, while establishing a strong presence in the Financial Services and Insurance sectors with notable partners like Liberty Tax and Motto Mortgage.

About SOCi, Inc.
SOCi is the leader in AI-powered marketing solutions for multi-location businesses. With its proprietary Genius AI™ and suite of Genius Agents™, SOCi provides a first-of-its-kind, AI-powered digital workforce capable of handling the workload of 1,000 local marketers™, empowering brands to achieve unmatched digital visibility, strengthen customer engagement, and scale faster than ever before.

SOCi is recognized by Fast Company as one of the World’s Most Innovative Companies, and is trusted by nearly 1,000 top brands—including Ford, Ace Hardware, Kumon, Liberty Tax, and more—to automate and optimize local marketing tasks across all locations. Founded in 2012 and backed by leading strategic investors, SOCi is transforming how multi-location brands manage and scale their marketing efforts. Learn more at www.soci.ai or contact us at hello@soci.ai.

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SOURCE SOCi, Inc.

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Verdantas Acquires M-H-M, Inc. Expanding Water Services Throughout Northern California

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38 minutes ago

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January 9, 2025

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TAMPA, Fla., Jan. 9, 2025 /PRNewswire/ — Verdantas, a leader in digitally enabled technical consulting solutions for the environment, water, and energy transition markets, backed by Sterling Investment Partners, is pleased to announce the acquisition of M-H-M, Inc. (MHM). The acquisition aims to enhance Verdantas’ expertise in the northern California water market and expand the services offered by both firms.

Based in Marysville, California, MHM brings invaluable expertise and experience to Verdantas, broadening the depth and range of services within the water, and land development markets with strong relationships with municipalities, public agencies, and private clients. The integration of MHM into Verdantas enhances its water service capabilities bringing valuable expertise in water supply and storage, distribution, irrigation, water master planning, flood control, storm drainage, as well as land development and surveying.

Jesse Kropelnicki, CEO of Verdantas, stated about the acquisition: “Integrating MHM into Verdantas will continue our growth strategy by further diversifying our business on the west coast, and by furthering our capabilities in the water market. This expansion enhances our expertise and ability to serve water clients more effectively in northern California. Additionally, MHM improves our land development and surveying capabilities, which will enhance other services we provide in the same geography. We look forward to providing their team with new opportunities for growth while they continue to contribute to our mission.”

“California brings unique engineering design complexities. By partnering with Verdantas, we can now integrate robust in-house geotechnical and geological, structural engineering, and environmental expertise into our projects that we previously outsourced,” stated Sean Minard, President of MHM. “Our collaboration with Verdantas aims to expand our service offerings, providing comprehensive solutions in flood control, storm drainage, and water resource management as well as land development. This growth will add value to our current clients in Northern California, enabling us to deliver a more extensive suite of engineering and environmental solutions.”

James Soldano, Partner at Sterling, said, “We are proud to support Verdantas in this strategic acquisition of MHM. This move reflects our shared vision of growing Verdantas’ presence throughout the western United States and addresses the critical need for water-related expertise in a region facing challenges related to water resources and flood control.”

This acquisition is a vital component of the company’s sustainable service offerings objectives. By participating in significant projects, Verdantas plans to address critical water challenges, advocate for conservation, improve water quality, and encourage sustainable practices.

About Verdantas

Verdantas is a leader in digitally enabled technical consulting solutions for the environment, water, and energy transition markets. Blending balanced strengths in environmental and engineering expertise, we partner with clients and communities to create comprehensive solutions that contribute to a sustainable future. With a team of over 1,700 professionals nationwide, we harness diverse skills and innovative technologies to address complex challenges, protect vital resources, and foster resilient communities. For more information, visit www.verdantas.com.

About Sterling Investment Partners

Sterling Investment Partners is a leading private equity firm that has been building leading middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on control investments in value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 230 transactions, representing over $31 billion in aggregate value, and was recently ranked a Top 10 performing middle market private equity firm globally by Dow Jones-HEC Paris. For more information, visit www.sterlinglp.com.

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SOURCE Verdantas LLC

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