For much of 2020, people weren’t allowed to step out for non-essential purposes, and the traditional entertainment industry, comprising movies and TV series, was almost completely shut down. This led to the explosion of the visitor rate on entertainment websites, such as Amazon Prime Video, YouTube, Netflix, Hulu, Disney+, Hotstar, and Peacock.
Currently, most users deploy this software on their own systems out of fear of the leak of and unauthorized access to the created tunes. Moreover, on-premises software allows musicians to collaborate with each other effectively. In the coming years, with advancements in technology and their strengthening security measures, cloud solutions will become widely popular.
Hence, with the growing media and entertainment industry, the usage of music composing software is rising.
This fueled the production of over-the-air movies and TV series, which has driven the demand for music composing software. Similarly, due to the closing down of schools, the online education sector and companies including Byju’s, Extramarks, Dexler, EdX, and Coursera, and, in turn, the music composing software market is witnessing rapid growth.
EdTech combines the traditional way of teaching by a human with innovative and easy-to-understand graphics and accompanying music, to make concepts clearer. Moreover, a lot of schools have also developed their online education platforms or have tied up with EdTech companies to offer smart classes to children, which has, in turn, led to a wide usage of music composing software.
Currently, most users deploy this software on their own systems out of fear of the leak of and unauthorized access to the created tunes. Moreover, on-premises software allows musicians to collaborate with each other effectively. In the coming years, with advancements in technology and their strengthening security measures, cloud solutions will become widely popular.
Anything deployed on the cloud eliminates the need for upgrading one’s own computer system, as the software is stored on third-party servers and accessible via the internet anywhere, anytime. North America dominated the music composing software market between 2014 and 2019 (historical period) because of the more-advanced infrastructure and higher technical awareness here.
Moreover, live entertainment shows here often contain extensive theatrics, for which composers need to come up with innovative and out-of-the-world tunes. Moreover, as per the Recording Industry Association of America (RIAA), sales of recorded music in the U.S. were worth $11.1 billion in 2019, compared to $9.8 billion in 2018, based on retail value.
Hence, with the growing media and entertainment industry, the usage of music composing software is rising.
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