Production music libraries create, own, and license their music, retaining all the copyright, whereas most pop or classical publishers only own around 50% of it. Production music is frequently used as theme and/or background music in radio, film and television. Simple licensing and pricing of stock music are the key factors driving the growth of the market. Moreover, the factor fueling the growth of the global stock music market is the rising adoption of the subscription model. However, the search for the right music may be a time-consuming process, but the increasing demand for social media platform such as YouTube is fueling the global stock music market growth during the forecast period.
Market Dynamics
The demand for royalty free and license music has increased owing to the increase in popularity of influencers such as independent content creators is driving the market growth during the forecast period. Moreover, communities have emerged and created platform such as Tongal, where several influencers are focusing on doing collaboration in order to develop video content. As, these communities are using stock music and created lucrative opportunities in the market. Furthermore, the rising demand for stock music by influencers is also prompting the development of new and unique music, and increasing the demand of the global stock music market. Due to advancement in the technology, most of the modern composers are using stock music, which is increasing the demand for stock music in the market. The increasing YouTube strikes, creators facing violations, created huge demand for royalty-free music, it is used to provide lucrative opportunities and scope for growth. However, lack of satisfaction, and dwindling customer loyalty are the major challenges which is expected to hinder the global stock music market growth.
Key features of the study:
- This report provides in-depth analysis of the global stock music market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global stock music market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Audio Network Limited, Envato Elements Pty Ltd., Epidemic Sound, Pond5 Inc., Shutterstock, Inc., SoundCloud Ltd., Inmagine Lab Pte Ltd, The Music Bed LLC, Music Vine Limited, Storyblocks.com, Soundsnap, Soundstripe Inc., Bensound, Jamendo, and ProductionHUB, Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global stock music market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stock music market
Detailed Segmentation
- Global Stock Music Market, By Type:
- Royalty-free Stock Music
- Licensed Stock Music
- Global Stock Music Market , By Application:
- Film Soundtracks
- Advertising
- Online Content
- Gaming
- Television and Radio Broadcasts
- Corporate and Educational Presentations
- Others
- Global Stock Music Market , By End User:
- Large Enterprises
- SMEs
- Individual Content Creators
- Global Stock Music Market , By Region:
- North America
- By Type:
- Royalty-free Stock Music
- Licensed Stock Music
- By Application:
- Film Soundtracks
- Advertising
- Online Content
- Gaming
- Television and Radio Broadcasts
- Corporate and Educational Presentations
- Others
- By End User:
- Large Enterprises
- SMEs
- Individual Content Creators
- By Country:
- Europe
- By Type:
- Royalty-free Stock Music
- Licensed Stock Music
- By Application:
- Film Soundtracks
- Advertising
- Online Content
- Gaming
- Television and Radio Broadcasts
- Corporate and Educational Presentations
- Others
- By End User:
- Large Enterprises
- SMEs
- Individual Content Creators
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Type:
- Royalty-free Stock Music
- Licensed Stock Music
- By Application:
- Film Soundtracks
- Advertising
- Online Content
- Gaming
- Television and Radio Broadcasts
- Corporate and Educational Presentations
- Others
- By End User:
- Large Enterprises
- SMEs
- Individual Content Creators
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Type:
- Royalty-free Stock Music
- Licensed Stock Music
- By Application:
- Film Soundtracks
- Advertising
- Online Content
- Gaming
- Television and Radio Broadcasts
- Corporate and Educational Presentations
- Others
- By End User:
- Large Enterprises
- SMEs
- Individual Content Creators
- Middle East and Africa
- By Type:
- Royalty-free Stock Music
- Licensed Stock Music
- By Application:
- Film Soundtracks
- Advertising
- Online Content
- Gaming
- Television and Radio Broadcasts
- Corporate and Educational Presentations
- Others
- By End User:
- Large Enterprises
- SMEs
- Individual Content Creators
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
-
- Audio Network Limited *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Envato Elements Pty Ltd.
- Epidemic Sound
- Pond5 Inc.
- Shutterstock, Inc.
- SoundCloud Ltd.
- Inmagine Lab Pte Ltd
- The Music Bed LLC
- Music Vine Limited
- com
- Soundsnap
- Soundstripe Inc.
- Bensound
- Jamendo
- ProductionHUB, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
