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Music production software market set to grow 9.01% by 2021

One of the key drivers of growth is the increased use of software by DJs for song mixing

The music production software market is predicted to grow by more than 9% between 2017-2021 thanks to an increasing number of people buying DJ equipment.

Audio Media International reports that the decline of people wanting to learn a musical instrument could explain the upward trend in production software sales that has been revealed in a new report this month.

According to the Global Music Production Software Market report, this particular segment is set to grow at a CAGR (compound annual growth rate) of 9.01% between the years of 2017-2021.

One of the key drivers of this growth is the increased use of software by DJs for song mixing.

“These software are compatible with the hardware of a number of DJ consoles belonging to different brands,” stated the report. “These allow easy plug and play options by importing songs from a local device. Therefore, with the growing number of DJs across the globe, the adoption of music production software is likely to grow during the forecast period.”