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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 share is expected to increase by USD 452.89 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.9%.

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 stock music market segmentations 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 During the Forecast Period?

Download the Free Report Sample to Unlock the Stock Music Market Size for the Forecast Period and Other Important Statistics

 

Stock Music Market: Key Drivers, Trends, and Challenges

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 the lack of ownership of streaming music and issues associated with the integration of digital music may impede the 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 market. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Stock Music Market Driver

The rising adoption of subscription model is a key driving factor impacting the global stock music market growth. 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. The cost of stock music is also based on applications such as personal use or commercial use. 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 rising adoption of these subscription models will drive the growth of the global stock music market during the forecast period.

Key Stock Music Market Trend

Expanding variety of stock music is a key trend impacting the growth of stock music market. The demand for stock music is influenced by its widespread use as background music. Stock music tracks are widely used in TV programs, corporate videos, on-hold production, and websites. RF music tracks are extensively used in YouTube videos. YouTube is a mainline video streaming service provider. Users can use licensed RF music for their video production. Hence, the increasing availability and the wide variety of stock music allow customers to find the right soundtrack for their video. Corporate customers use stock music to compile corporate videos and presentations. The extensive use of stock music for personal and business applications necessitates a variety in stock music, which is likely to drive the growth of the market during the forecast period.

Key Stock Music Market Challenge

Lack of ownership of streaming music and issues associated with integration digital music will be a key challenge negatively impacting the global stock music market. The popularity of digital music is driving the growth of music streaming services. This hampers the entry of new vendors and also challenges the sustainability of the existing vendors. Therefore, the lack of ownership and the issues associated with integration are challenges for the growth of the global stock music market. Intense competition and inconsistent user preferences Competition among stock music vendors is intense, and production studios capture a considerable amount of their revenues. Fluctuating consumer preferences about new and entertaining content are also a challenge for the growth of the market. Vendors need to continuously update their playlists and other content to remain attuned to changing consumer preferences.

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.

Parent Market Analysis

Technavio categorizes the global stock music market as a part of the global movies and entertainment market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the stock music market during the forecast period.

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 growth strategies such as introducing different pricing policies and music varieties to compete in the market.

Product Insights and News

  • Artlist Ltd. - The company offers stock music based on mood, genre, instrument, and theme.

To make the most of the opportunities and recover from the 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.

Stock Music Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the stock music market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

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 US holds the largest share of the stock music market in North America, primarily because of the presence of several music publishers and music streaming service providers. The high spending capacity of the population also contributes to the growth of the stock music market in the US, which will facilitate the 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. 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.

COVID Impact and Recovery Analysis

The end-users of stock music reported a decline in their revenues during the COVID-19 pandemic due to disrupted operations. For instance, in the third quarter (Q3) of 2020, the revenues from the advertising market in the US declined by 4%-6% compared with revenues generated in the same period in 2019. In Canada, the revenues from the advertising market in Q3 2020 declined by 9%-11% during the same period. Moreover, this led to a high unemployment rate in the music industry. For instance, during July-September 2020, the Artist Labor Force in the US registered an unemployment rate of 27%. Thus, the halt in production activities subsequently hampered the stock music market in the region, primarily during 2020-2021. However, the impact is expected to be short-term, and the stock music market will rebound during the forecast period with the resumption of movie and TV production activities.

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

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The market share growth by the 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. As the cost of RF music is lesser than RM music, the affordability of RF music drives the growth of the segment. Thus, the RF segment of the global stock music market is estimated to grow steadily during the forecast period.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. 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 6.9%

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Movies and entertainment market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by License model

    • 5.1 Market segments
      • Exhibit 15: License model - Market share 2020-2025 (%)
    • 5.2 Comparison by License model
      • Exhibit 16: Comparison by License model
    • 5.3 RF - Market size and forecast 2020-2025
      • Exhibit 17: RF - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: RF - Year-over-year growth 2020-2025 (%)
    • 5.4 RM - Market size and forecast 2020-2025
      • Exhibit 19: RM - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: RM - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by License model
      • Exhibit 21: Market opportunity by License model

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 38: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 39: Landscape disruption
          • Exhibit 40: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 41: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 42: Market positioning of vendors
        • 10.3 Artlist Ltd.
          • Exhibit 43: Artlist Ltd. - Overview
          • Exhibit 44: Artlist Ltd. - Product and service
          • Exhibit 45: Artlist Ltd. - Key offerings
        • 10.4 Audio Network Ltd.
          • 10.5 Bensound
            • Exhibit 49: Bensound - Overview
            • Exhibit 50: Bensound - Product and service
            • Exhibit 51: Bensound - Key offerings
          • 10.6 Envato Pty Ltd.
            • Exhibit 52: Envato Pty Ltd. - Overview
            • Exhibit 53: Envato Pty Ltd. - Product and service
            • Exhibit 54: Envato Pty Ltd. - Key news
            • Exhibit 55: Envato Pty Ltd. - Key offerings
          • 10.7 Epidemic Sound AB
            • Exhibit 56: Epidemic Sound AB - Overview
            • Exhibit 57: Epidemic Sound AB - Product and service
            • Exhibit 58: Epidemic Sound AB - Key offerings
          • 10.8 Footage Firm Inc.
            • Exhibit 59: Footage Firm Inc. - Overview
            • Exhibit 60: Footage Firm Inc. - Product and service
            • Exhibit 61: Footage Firm Inc. - Key offerings
          • 10.9 Pond5 Inc.
            • Exhibit 62: Pond5 Inc. - Overview
            • Exhibit 63: Pond5 Inc. - Product and service
            • Exhibit 64: Pond5 Inc. - Key offerings
          • 10.10 Shutterstock Inc.
            • Exhibit 65: Shutterstock Inc. - Overview
            • Exhibit 66: Shutterstock Inc. - Business segments
            • Exhibit 67: Shutterstock Inc. -Key news
            • Exhibit 68: Shutterstock Inc. - Key offerings
          • 10.11 SoundCloud Ltd.
            • Exhibit 69: SoundCloud Ltd. - Overview
            • Exhibit 70: SoundCloud Ltd. - Product and service
            • Exhibit 71: SoundCloud Ltd. - Key offerings
          • 10.12 The Music Bed LLC
            • Exhibit 72: The Music Bed LLC - Overview
            • Exhibit 73: The Music Bed LLC - Product and service
            • Exhibit 74: The Music Bed LLC - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 75: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 76: Research Methodology
              • Exhibit 77: Validation techniques employed for market sizing
              • Exhibit 78: Information sources
            • 11.4 List of abbreviations
              • Exhibit 79: List of abbreviations

            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
            Technavio

            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
            Technavio

            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 market growth will increase by $$ 452.89 mn during 2022-2025.
            The stock music market market is expected to grow at a CAGR of 6.9% during 2022-2025.
            Technavio has segmented the stock music market market by other 1 (RF and RM) and geography (North America, Europe, APAC, South America, and MEA).
            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 are a few of the key vendors in the stock music market market.
            North America will register the highest growth rate of 40% among the other regions. Therefore, the stock music market 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 market growth are:
            • rising adoption of subscription model

              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. The cost of stock music is also based on applications such as personal use or commercial use.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. For instance, Audio Network offers music tracks based on application. If the tracks are used for personal videos or editorials, the customer can opt for the Creator subscription plan for $9.99 per track for single use. If the tracks are used by editors to create videos to promote a product, service, or brand, the Professional subscription plan of $99 per track for single use will be a viable choice.The Music Bed, another music stock vendor, offers stock music plans based on the type of project. It offers different subscription plans based on Personal, Non-profit, Wedding, Business, and Custom models. The cost of these subscription models ranges between $9 and $89. The Custom subscription model guarantees to return a quotation on the same day as the request for quotation is made. The subscription model is advantageous for a single song as the charges for a single song ranges between $49 and $199 based on the Personal, Non-Profit, Wedding, Business, and Custom models. The rising adoption of these subscription models will drive the growth of the global stock music market during the forecast period.

            The stock music market 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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