Music Composing Software Market: Growing Media and Entertainment Industry With Rising Number of Live Concerts are Key Growth Drivers

Global music composing software market is expected to reach $242.1 million by 2023, according to P&S Intelligence. Growing media and entertainment industry, and rising inclination towards music composing applications are the key factors driving the growth of the market. Insights on Market Segments: In terms of instrument simulation, the music composing software market is categorized into guitar, piano, full orchestra, drums and percussions, and pipe organ. Out of these, guitar simulation accounted for 42% revenue share in 2017, followed by piano and others. The largest share held by guitar simulation category is mainly attributed to the increasing number of guitarists, globally. Furthermore, the regional markets, such as North America and Europe are largely dominated by guitarists including acoustic guitarist, electric lead, and bass guitarists, which further support the market demand for guitar simulation software. Based on operating system (OS), the music comp...