Communication and social media platform Discord was valued at 14.7 billion U.S. dollars in September 2021. The platform, which provides users with voice, text, and even video streaming communication channels, was valued at 3.5 billion U.S. dollars in June 2020, but saw both its engagement and value skyrocket in 2020, as users looked for online communication channels during the first outbreaks of the COVID-19 pandemic. In June 2022, after witnessing the market stalling and digital companies slowing revenues, Fidelity Investments cut its valuation of Discord shares by approximately 32 percent. The following year, the company deepened its valuation cut by 47 percent.

The global Soundboard Software market is projected to reach a value of USD 3.7 billion by 2033, exhibiting a CAGR of 12.5% during the forecast period. The market is driven by the increasing adoption of Discord, a popular voice and text communication platform for gamers and content creators, which has become the dominant platform for soundboard use. The increasing popularity of streaming and content creation has also contributed to the rising demand for soundboard software, as it allows users to enhance their audio content with sound effects, music, and voice clips. Additionally, the emergence of cloud-based soundboard services has made it easier for users to access and share soundboards, further fueling market growth. However, the market is expected to face certain restraints during the forecast period. These include concerns over copyright infringement and the availability of free alternatives. Additionally, the fragmentation of the market, with numerous small and regional players, poses challenges for market consolidation and the establishment of industry standards. Nevertheless, the growing popularity of Discord and the increasing demand for audio enhancement solutions are expected to drive the market's growth throughout the forecast period. Key companies operating in the market include Resanance, Podcast Soundboard, SoundPad, Clownfish Voice Changer, Morphvox, VoiceMod, JN Soundboard, iMyfone Magicmic, Soundboard, Vexera, Rythm 2, Dyno Bot, Fredboat, Voxal Voice Changer, MEE6, EXP Soundboard, AV Voice Changer, Morphvox Pro, Jingle Palette, Mixere, Official Soundboard of Discord, EaseUS VoiceWave, Soundboard Studio, and Custom Soundboard.

The global market for Discord soundboard software is experiencing robust growth, driven by the increasing popularity of Discord as a communication platform for gamers, streamers, content creators, and communities. The rise of online gaming and live streaming, coupled with the demand for enhanced interactive experiences, fuels the adoption of soundboard software. While precise market sizing data is unavailable, a reasonable estimation based on the prevalence of Discord and related software markets (such as audio editing and streaming software) suggests a 2025 market size of approximately $50 million. Considering a conservative Compound Annual Growth Rate (CAGR) of 15% over the forecast period (2025-2033), driven by continuous innovation in features and integration with other platforms, the market could reach a value exceeding $200 million by 2033. Key segments include cloud-based solutions offering accessibility and ease of use, and on-premises options for users prioritizing control and customization. The user base spans diverse groups, with streamers and content creators leveraging soundboards for engaging audiences, role-players enhancing their immersive experiences, and comedians using sound effects for comedic timing. However, the market faces challenges from free, open-source alternatives and the potential for copyright infringement issues surrounding sound effect usage. The competitive landscape is characterized by both established players like MorphVox and newer entrants constantly vying for market share. Differentiation is key, with companies focusing on unique features such as advanced audio effects, seamless Discord integration, user-friendly interfaces, and robust customization options. The geographical distribution shows a strong presence in North America and Europe, reflecting the high concentration of Discord users in these regions. However, increasing internet penetration and the adoption of online gaming in Asia-Pacific and other emerging markets present significant growth opportunities. Continued development of innovative soundboard solutions tailored to specific user needs and community demands will be crucial for sustained market expansion. This includes integration with other popular streaming platforms, improved accessibility features, and enhanced security measures to safeguard user data and prevent unauthorized content use.