It should be becoming clear that what we understand as 'the music industry' is in a contraction phase. In historical context - this is known as the rubberband effect. If you think about the way a rubberband behaves, you pull the band apart and at a particular point the rubberband can no longer be stretched. It's at this point - the rubberband contracts and contracts rather rapidly. My point being, music creation software is pretty much valueless. It's only companies like Presonus which got into the software market to support their hardware that are still making money. The music software companies still standing generally have strong hardware makers behind them. Logic and Apple, Cubase and Yamaha for example. Bandlab is trying to circumvent this paradigm with a different conceit which is the social media aspect.
Personally for me, I'm sticking with my paid version of Sonar for as long as possiable. I too have some problem with the concept of free. Even a nominal price like Reaper would be better than the current model. But again, this is the new model and paradgim. Fortunately all music making software these days is what I call mature - this is the wall that probably finished Cakewalk. Gibson failing didn't help, but Sonar worked (Yes not for some, but that was the owners fault and the choice of hardware) and had a full suite of tools - it was getting harder to sell the upgrades.
My only advice is hold tight, because in a market in contraction - there should be plenty of opportunities.