I saw the daw become the new version of multitrack recording, replacing tape. As computers got more powerful track counts got bigger. Plugins brought down cost processors, so people could do more. Same with virtual instruments.
Audio interfaces improved, now with better mic preamp and with a variety of input options.
For people who want to record live instruments and vocals the tools are here, without the need to go to a large recording studio. For musicians who want to compose and create there is more freedom. No booking studio time, if you have your own home studio.
I feel if the daw becomes easier to use and has useful features it will be around for a long time.
Not every musician will want to learn how to use a daw, but they will go to musicians who like doing the tech stuff to record. That is one way we can make some money with our skills.
I like how easy it is now to record our ideas. Now musicians don't have to be in the same town, state/province or country to record with other musicians, and get professional resalts. As long as there are creative people, the daw will be around for a long time.
Waiting for MCIX!!!