Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Stock music is also known as production music or library music which can be license or authorize for customers to use music in television, film, and other media. The production music libraries own all of the copyrights of their music as compared to the popular and classical music publishers, who own less than 50% of the copyright in a composition. Production music libraries typically offer a broad range of musical styles and genres, enabling producers and editors to find what they need in the same library. Music libraries vary in size from a few hundred tracks up to many thousands. The increasing demand for stock music or production issue from various applications such as film soundtracks, advertising, online content, gaming, television and radio broadcasts, corporate and educational presentations, and others is driving the market growth during the forecast period.

The global stock music market is expected to witness significant growth during the forecast period (2021–2028). The increasing popularity of audio and video streaming is driving the global stock music market growth during the forecast period. For instance, according to Coherent Market Insight analysis, the revenue of music industry reached US$ 59.6 billion in 2020 from US$ 48.1 billion in 2016 worldwide.  The engagement of music enthusiasts with streaming, especially with paid subscriptions for audio and video streaming has increased considerably in the recent years. In addition, the rising demand for video production with stock music tracks to be used in voice-overs and background scores is expected to drive the stock music market during the forecast period. Furthermore, stock music libraries offer a wide variety of music composed by various artists in different moods, genres, tempos, styles, and ranging from classical orchestrations to animated cartoon compositions. All these factors are expected to fuel of the growth of the global stock music market.    

Global Stock Music Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including infrastructure, transportation, oil and gas, manufacturing, and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown restrictions, which are now being eased slowly on phase-wise and industry-wise basis. This has significantly impacted the manufacturing sector, as the facilities across the globe were temporarily shut down. However, most of the people are staying at home and following social distancing in order to contain spread of COVID-19. The COVID-19 has increased the demand for video and audio streaming and driving the market growth. For instance, according to Coherent Market Insight analysis, global video streaming market has reached US$ 50.1 billion in 2020 and is expected to reach US$ 224.2 billion in 2028 with a CAGR of 21.1% during the forecast period.  In addition to this, revenue of music industry in the U.S. has reached US$ 8.1 billion in 2020, grew by 7.5% from US$ 7.3 billion in 2019. Thus, in turn, increases the demand for stock music in the market.

North America is expected to hold dominant position in the global stock music market during the forecast period.

Statistics:

North America held dominant position in the global stock music market in 2020, accounting for 43.2% share in terms of value, followed by Asia Pacific and Europe.

request-sample

Stock Music Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 964.4 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 10.9% 2028 Value Projection: US$ 2,137.5 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, Rest of Middle East, and Africa
Segments covered:
  • 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, and Others
  • By End User: Large Enterprises, SMEs, and Individual Content Creators
Companies covered:

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. 

Growth Drivers:
  • The increasing popularity of audio and video streaming 
  • The rising demand for music streaming applications such as YouTube and other social media platforms
Restraints & Challenges:
  • Lack of customer satisfaction

Figure 1: Global Stock Music Market Share (%), By Region, 2020

Stock Music  | Coherent Market Insights

Among regions, North America held dominant position in the global stock music market in 2020 and is expected to retain its dominance throughout the forecast period. The growing demand for podcasts and the rise in the audio-based user experience are expected to boost the demand for stock music in the region. Podcasting has become a strong form of media in the U.S. with listenership increasing in all age groups. Listeners are consuming more podcasts than ever before, owing to the growing need for podcast at-home entertainment during the pandemic. For instance, according to Coherent Market Insight analysis in 2021, 116 million people listen to a podcast monthly in the U.S.,

Asia Pacific is also expected to exhibit significant growth during the forecast period. The growing demand for streaming in Asia Pacific region is expected to increase the stock music growth in the market. For instance, according to Coherent Market Insight analysis, music streaming market in the Asia Pacific is projected to reach US$ 13,973.9 million by 2027 from US$ 6,961.5 million in 2019 with a CAGR of 8.2% during the forecast period.

Individual content creators segment is expected to drive the market growth during the forecast period.

Among end user, individual content creators segment is expected to hold dominant position in the global stock music market during the forecast period. This is attributed to the increasing demand for royalty-free stock music and licensed stock music is driving the segment growth during the forecast period.

Figure 2: Global Stock Music Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028

Stock Music  | Coherent Market Insights

The global stock music market was valued at US$ 964.4 Mn in 2020 and is expected to reach US$ 2,137.5 Mn by 2028 at a CAGR of 10.9% between 2021 and 2028.

Major players operating in the global stock music market 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.

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:
        • U.S.
        • Canada
    • 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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
    • Impact of COVID-19
  4. Global Stock Music Market, By Type, 2020-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Royalty-free Stock Music
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Licensed Stock Music
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Stock Music Market, By Application, 2020-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Film Soundtracks
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Advertising
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Online Content
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Gaming
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Television and Radio Broadcasts
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Corporate and Educational Presentations
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Stock Music Market, By End User, 2020-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Large Enterprises
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • SMEs
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Individual Content Creators
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global Stock Music Market, By Region, 2020-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Spain
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country/Region, 2020 and 2028 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Audio Network Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Envato Elements Pty Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Epidemic Sound
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Pond5 Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Shutterstock, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SoundCloud Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Inmagine Lab Pte Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • The Music Bed LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Music Vine Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • com
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Soundsnap
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Soundstripe Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bensound
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Jamendo
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ProductionHUB, Inc.
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Stock Music Market - Global forecast to 2028”

FAQgrowicon

Frequently Asked Questions

The global stock music market is expected to reach US$ 2,137.5 million by 2028.
The market is expected to witness a CAGR of 10.9% during the forecast period (2021-2028).
The increasing demand for stock music owing to increasing audio and video streaming is expected to drive growth of the market during the forecast period.
The individual content creators segment held the largest market share among end user.
North America region held the largest share in the market in 2020, accounting for 43.2% share in terms of value.
Key players operating in the market 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.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.