Worldwide DSP market appears to have experienced an 8.2% YoY growth in value during 2023 to reach $553m in revenue. Growth was driven by the recovery of key applications and significant success across conferencing and hybrid learning.
The DSP market enjoys continued interest in the networked audio and control market, with connected audio systems furthering advancement and sustained long-term growth.
DSP is returning to be a growth sector required to support other top-line revenue items in multi-channel audio and distributed sound systems, supporting or leading the holistic sound system requirement. An effective DSP strategy remains critical to balance the difference between growth and decline for professional audio “multi- branded” approach or other branded system approach in the current climate.