According to an article on Yahoo Finance, companies are making big moves to step up their game. Like PreSonus and Fender teaming up in November 2021 to make their software even better for musicians. And remember that TuCuatro multi-instrument feature released in May 2020, which offers a real-time musical instrument feature and helps users learn musical chords for various songs? It is also playing an important role on this move
These advancements by top players in the biz are going to mean big things for the whole market.
Quote from Yahoo Finance:
The worldwide market has attained superior heights owing to topical progresses and modernizations. PreSonus Audio Electronics and Fender Musical Instruments collaborated in November 2021 as per an agreement to enhance the software solution towards musical creativity and strengthen their position in the global market. A multi-instrument feature was released in May 2020 by TuCuatro that would provide a real-time musical instrument feature and also help to learn the musical chords of several songs. The advancements made in the global musical instrument market by some of the key market players will immensely benefit the global market growth.Yahoo Finance