Stock Music Market by License Model and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44300
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The stock music market has the potential to grow by USD 452.89 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.90%.

This stock music market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by license model (RF and RM) and geography (North America, Europe, APAC, South America, and MEA). The stock music market report also 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., and The Music Bed LLC among others.

What will the Stock Music Market Size be in 2021?

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Stock Music Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising adoption of the subscription model is notably driving the stock music market growth, although factors such as lack of ownership of streaming music and issues associated with integration may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the stock music industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The rising adoption of the subscription model will fuel the growth of the stock music market size.
  • The subscription model of stock music is based on application.
  • The integration of music streaming applications with social media platforms such as YouTube has been a key factor that has increased the demand for music subscriptions.
  • Stock music tracks are used in various applications, such as Internet streaming, corporate presentations, background score and backdrops for films, podcasts, advertising, mobile applications, music-on-hold, audiobooks, and video games.
  • Vendors that offer stock music provide audio tracks based on customer demand and set prices according to the use of music.
  • The increasing adoption of digital music will drive the stock music market growth during the forecast period.
  • One of the major reasons for the growing share of digital music is the ease of accessing and downloading songs through the Internet.
  • The convenience offered by digital music eliminates the need to carry physical forms of music such as compact discs (CDs) and cassettes.
  • The development of several mobile applications and websites has widened the audience base for digital music.
  • The wide availability and affordability of the Internet have increased the number of consumers accessing digital music on their mobile devices. 

This stock music market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Stock Music Market Vendors?

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

 

This statistical study of the stock music market encompasses successful business strategies deployed by the key vendors. The stock music market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The stock music market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Stock Music Market?

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40% of the market’s growth will originate from North America during the forecast period. The US is a key market for stock music in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

The presence of several music publishers and music streaming service providers will facilitate the stock music market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating License Model Segments in the Stock Music Market?

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The stock music market share growth by the royalty-free (RF) segment will be significant during the forecast period. RF refers to the right to use copyright materials without paying royalty or license fees. The advent of RF music has enabled the use of legal music in video or sound-based productions. It has provided producers with legal access to a range of musical content without the need for using copyrighted music illegally. The cost of RF music is also lesser than RM music. The affordability of RF music drives the growth of the segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the stock music market size and actionable market insights on post COVID-19 impact on each segment.

 

Stock Music Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.90%

Market growth 2021-2025

$ 452.89 million

Market structure

Fragmented

YoY growth (%)

5.65

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, UK, Japan, Germany, China, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Artlist Ltd., Audio Network Ltd., Bensound, Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., Pond5 Inc., Shutterstock Inc., SoundCloud Ltd., and The Music Bed LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Stock Music Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive stock music market growth during the next five years
  • Precise estimation of the stock music market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the stock music industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of stock music market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The stock music market growth will increase by $275.89 million during 2019-2024.
The stock music market is expected to grow at a CAGR of 4.57% during 2019-2024.
Technavio has segmented the stock music market by other1 (RF and RM) and geographic (North America, Europe, APAC, South America, and MEA).
Audio Network Ltd., Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., Inmagine Group, Pond5 Inc., Shutterstock Inc., SoundCloud Ltd., The Carlyle Group Inc., The Music Bed LLC are a few of the key vendors in the stock music market.
North America will register the highest growth rate of 42.68% among the other regions. Therefore, the stock music market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • UK
  • Japan
  • Germany
  • China
  • France
The key factors driving the stock music market growth are:
  • Rising adoption of subscription model
The stock music market vendors should focus on grabbing business opportunities from the rf segment as it accounted for the largest market share in the base year.
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