Royalty-free (RF) segment is expected to witness lucrative growth
Stock Music Market Size to Grow by USD 452.89 Bn at a CAGR of 6.90%| Royalty-free (RF) segment is expected to witness lucrative growth | Technavio
NEW YORK, May 30, 2022 /PRNewswire/ — The Stock Music Market size is expected to grow by USD 452.89 billion with a YOY growth of 5.65% during the forecast period. The rising adoption of the subscription model will fuel the growth of the stock music market size. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.
This market research report extensively covers Stock Music Market segmentations by the following:
License model- RF and RM
The royalty-free (RF) category will gain considerable market share in stock music. The right to use copyright works without paying royalties or licence fees is referred to as RF. The introduction of RF music has made it possible to employ lawful music in video and sound-based creations. It has given producers legal access to a wide range of musical content, eliminating the need to use illegally copied music. RF music is also less expensive than RM music. The segment’s rise is fueled by the low cost of RF music.
Geography – North America, Europe, APAC, Middle East and Africa, and South America
North America will account for 40% of the market’s growth. In North America, the United States is a major stock music market. The market in this region will increase at a quicker rate than the markets in Europe and MEA.
Over the projection period, the presence of various music publishers and music streaming service providers will aid the expansion of the stock music industry in North America.
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Stock Music Market Dynamics
Market Driver
The growing popularity of the subscription model will propel the stock music market to new heights. Stock music subscriptions are based on the application. Integration of music streaming apps with social media platforms like YouTube has boosted the demand for music subscriptions. Vendors that offer stock music provide audio tracks based on customer demand and set prices according to the use of music.
Market Trend
The stock music market will rise because of the increasing adoption of digital music. The ease of accessing and downloading songs via the Internet is one of the main reasons for the growing popularity of digital music. The growth of many mobile applications and websites has increased the number of people who listen to digital music. Because of the Internet’s widespread availability and low cost, more people are listening to digital music on their mobile devices.
Stock Music Market Segmentation
License Model
RF
RM
Geography
North America
Europe
APAC
South America
MEA
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Stock Music Market Vendor
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
Artlist Ltd.
Audio Network Ltd.
Bensound
Envato Pty Ltd.
Epidemic Sound AB
Footage Firm Inc.
Pond5 Inc.
Shutterstock Inc.
SoundCloud Ltd.
The Music Bed LLC
Find out the top market vendors, their competition and how they excel in the Stock Music Market in our latest Sample Report. Download our Detailed Sample Report.
Stock Music Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our stock music market report covers the following areas:
Stock Music Market size
Stock Music Market trends
Stock Music Market industry analysis
This study identifies the rising adoption of the subscription model as one of the prime reasons driving the stock music market growth during the next few years.
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Table of Contents
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by License model
Market segments
Comparison by License model
RF – Market size and forecast 2020-2025
RM – Market size and forecast 2020-2025
Market opportunity by License model
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
APAC – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Artlist Ltd.
Audio Network Ltd.
Bensound
Envato Pty Ltd.
Epidemic Sound AB
Footage Firm Inc.
Pond5 Inc.
Shutterstock Inc.
SoundCloud Ltd.
The Music Bed LLC
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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