South Asia Stock Music Market, by Type (Royalty-free Stock Music and 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), and by Country (India, Sri Lanka, Bangladesh, Pakistan, Nepal, and Rest of South Asia) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Stock music is used to provide a suitable backdrop for messages, highlight a scene or emotion, and promote products, activities, or events. Furthermore, streaming provides video makers the choice of listening to the stock music and selecting the one that suits their production requirements. The rising demand for video production with stock music tracks, which are used in voice-overs and background scores, is driving the growth of the stock music market.
Demand for stock music is also driven by the engagement of music enthusiasts with streaming, especially with paid subscriptions for audio and video streaming. Additionally, broadcast versions of stock music are also produced to remove the need for users to create their versions for specific product applications
Market Dynamics
Music is integrated into almost all visual entertainment media, supports advertising, and helps in making social networking pages more attractive. In the gaming industry, music plays a vital role to increase interest of player into the game. Gaming music decides success and adoption of a game. Music interaction enhances emotional involvement of players in the game. Also, the overall sound landscape in game creates an illusion of the game world as an actual space. Moreover, variation in the music for a game is an important point as it can get boring to listen to repetitive music. Artlist, Music Case, Music Vine Limited, and others provide stock music for gaming application.
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