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Stock Music Market by License Model and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 129
  • SKU: IRTNTR44300
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The stock music market share is expected to increase to USD 505.24 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.31%.

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 Middle East and Africa). The stock music market report also offers information on several market vendors, including Adobe Inc., Artlist Ltd., Audio Network Ltd., Bensound, Earmotion Audio Creation GmbH, Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., HookSounds, Marmoset LLC, Music Vine Ltd., MusicRevolution LLC, NEO Sounds Ltd., Pixabay GmbH, Shutterstock Inc., Smartsound LLC, SoundCloud Global Ltd. And Co. KG, THE LICENSE LAB LLC, and Trad Ventures LLC among others.

What will the Stock Music Market Size be During the Forecast Period?

Stock Music Market Size

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 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.

Key Stock Music Market Driver

  • One of the key factors driving the global stock music industry growth is the rising adoption of the 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.
  • 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.
  • The cost of stock music is also based on applications such as personal use or commercial use.
  • 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 one of the key stock music market trends that is expected to impact the industry positively in the forecast period. 
  • 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

  • One of the key challenges to the global stock music industry growth is the lack of ownership of streaming music and issues associated with the integration of digital music.
  • The popularity of digital music is driving the growth of music streaming services, which hampers the entry of new vendors and also challenges the sustainability of the existing vendors.
  • The lack of ownership and the issues associated with integration are challenges for the growth of the global stock music market.
  • 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.
  • The lack of ownership of streaming music is expected to limit the market growth in the coming years.

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 2022-2026.

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:

 

  • Adobe Inc.
  • Artlist Ltd.
  • Audio Network Ltd.
  • Bensound
  • Earmotion Audio Creation GmbH
  • Envato Pty Ltd.
  • Epidemic Sound AB
  • Footage Firm Inc.
  • HookSounds
  • Marmoset LLC
  • Music Vine Ltd.
  • MusicRevolution LLC
  • NEO Sounds Ltd.
  • Pixabay GmbH
  • Shutterstock Inc.
  • Smartsound LLC
  • SoundCloud Global Ltd. And Co. KG
  • THE LICENSE LAB LLC
  • Trad Ventures 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 the introduction of different pricing policies and music varieties to compete in the market.

Product Insights and News

  • Audio Network Ltd. - The company offers royalty-free stock music with different musical styles such as disco, reggae, and jazz.
  • Artlist Ltd. - The company offers stock music based on mood, genre, instrument, and theme.

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.

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.

Which are the Key Regions for Stock Music Market?

Stock Music Market Market segmentation by region

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41% of the market's growth will originate from North America during the forecast period. The US is the 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 and the high spending capacity of the population in countries such as the US 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.

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. 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?

Stock Music Market Segmentation

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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, thus, the affordability of RF music will drive the growth of the segment in the forecast years.

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

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.31%

Market growth 2022-2026

$ 505.24 million

Market structure

Fragmented

YoY growth (%)

6.52

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key consumer countries

US, Japan, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adobe Inc., Artlist Ltd., Audio Network Ltd., Bensound, Earmotion Audio Creation GmbH, Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., HookSounds, Marmoset LLC, Music Vine Ltd., MusicRevolution LLC, NEO Sounds Ltd., Pixabay GmbH, Shutterstock Inc., Smartsound LLC, SoundCloud Global Ltd. And Co. KG, THE LICENSE LAB LLC, and Trad Ventures 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

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

  • CAGR of the market during the forecast period 2022-2026
  • 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 Middle East and Africa
  • 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

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by License Model
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by License Model

    • 5.1 Market segments
      • Exhibit 24: Chart on License Model - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on License Model - Market share 2021-2026 (%)
    • 5.2 Comparison by License Model
      • Exhibit 26: Chart on Comparison by License Model
      • Exhibit 27: Data Table on Comparison by License Model
    • 5.3 RF - Market size and forecast 2021-2026
      • Exhibit 28: Chart on RF - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on RF - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on RF - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on RF - Year-over-year growth 2021-2026 (%)
    • 5.4 RM - Market size and forecast 2021-2026
      • Exhibit 32: Chart on RM - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on RM - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on RM - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on RM - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by License Model
      • Exhibit 36: Market opportunity by License Model ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Artlist Ltd.
              • Exhibit 89: Artlist Ltd. - Overview
              • Exhibit 90: Artlist Ltd. - Product / Service
              • Exhibit 91: Artlist Ltd. - Key offerings
            • 10.4 Audio Network Ltd.
              • Exhibit 92: Audio Network Ltd. - Overview
              • Exhibit 93: Audio Network Ltd. - Product / Service
              • Exhibit 94: Audio Network Ltd. - Key offerings
            • 10.5 Bensound
              • Exhibit 95: Bensound - Overview
              • Exhibit 96: Bensound - Product / Service
              • Exhibit 97: Bensound - Key offerings
            • 10.6 Envato Pty Ltd.
              • Exhibit 98: Envato Pty Ltd. - Overview
              • Exhibit 99: Envato Pty Ltd. - Product / Service
              • Exhibit 100: Envato Pty Ltd. - Key offerings
            • 10.7 Epidemic Sound AB
              • Exhibit 101: Epidemic Sound AB - Overview
              • Exhibit 102: Epidemic Sound AB - Product / Service
              • Exhibit 103: Epidemic Sound AB - Key offerings
            • 10.8 Footage Firm Inc.
              • Exhibit 104: Footage Firm Inc. - Overview
              • Exhibit 105: Footage Firm Inc. - Product / Service
              • Exhibit 106: Footage Firm Inc. - Key offerings
            • 10.9 MusicRevolution LLC
              • Exhibit 107: MusicRevolution LLC - Overview
              • Exhibit 108: MusicRevolution LLC - Product / Service
              • Exhibit 109: MusicRevolution LLC - Key offerings
            • 10.10 Shutterstock Inc.
              • Exhibit 110: Shutterstock Inc. - Overview
              • Exhibit 111: Shutterstock Inc. - Product / Service
              • Exhibit 112: Shutterstock Inc. - Key offerings
            • 10.11 SoundCloud Global Ltd. And Co. KG
              • Exhibit 113: SoundCloud Global Ltd. And Co. KG - Overview
              • Exhibit 114: SoundCloud Global Ltd. And Co. KG - Product / Service
              • Exhibit 115: SoundCloud Global Ltd. And Co. KG - Key offerings
            • 10.12 Trad Ventures LLC
              • Exhibit 116: Trad Ventures LLC - Overview
              • Exhibit 117: Trad Ventures LLC - Product / Service
              • Exhibit 118: Trad Ventures LLC - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 119: Inclusions checklist
                • Exhibit 120: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 121: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 122: Research methodology
                • Exhibit 123: Validation techniques employed for market sizing
                • Exhibit 124: Information sources
              • 11.5 List of abbreviations
                • Exhibit 125: 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
              Interested in this report?
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              Stock Music Market market growth will increase by $505.24 million during 2022-2026.
              The stock music market market is expected to grow at a CAGR of 7.31% during 2022-2026.
              Technavio has segmented the stock music market market by geography (North America, Europe, APAC, South America, Middle East and Africa, North America, Europe, APAC, South America, and Middle East and Africa).
              Adobe Inc., Artlist Ltd., Audio Network Ltd., Bensound, Earmotion Audio Creation GmbH, Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., HookSounds, Marmoset LLC, Music Vine Ltd., MusicRevolution LLC, NEO Sounds Ltd., Pixabay GmbH, Shutterstock Inc., Smartsound LLC, SoundCloud Global Ltd. And Co. KG, THE LICENSE LAB LLC, Trad Ventures LLC are a few of the key vendors in the stock music market market.
              North America will register the highest growth rate of 41% 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.
              The key factors driving the stock music market market growth are:
              • rising adoption of the subscription model
              • Expanding variety of stock music
              The stock music market market vendors should focus on grabbing business opportunities from the north america segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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