The report forecasts the global disc jockey (DJ) consoles market to grow at a CAGR of 2.32% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is helping boost market growth is the rising adoption of DJ software for song mixing. Advances in technology have led to the development of advanced mobile-based software that helps a user mix and compose tracks. For instance, Serato's DJ is a leading software that is compatible with the hardware of a number of DJ consoles belonging to different brands. It allows easy plug and play options by importing songs from a local device. Its new app Serato Pyro for iOS devices and Apple watch allows seamless mixing of songs from both playlist and Spotify, without missing a beat.
According to the report, a key growth driver is the increased demand for live events. The passion for music among younger generation has contributed to the growing demand for live events. The growing preference for live events and EDM has led to an increase in the number of DJs around the world. It has increased the demand for live events that have popular DJs and artists performing at the event. Hotels, restaurants, social gatherings, and shopping malls arrange live events so that people can watch their favourite artists and DJs perform.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?