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 (Larg

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 Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Production music libraries create, own, and license their music, retaining all the copyright, whereas most pop or classical publishers only own around 50% of it. Production music is frequently used as theme and/or background music in radio, film and television. Simple licensing and pricing of stock music are the key factors driving the growth of the market. Moreover, the factor fueling the growth of the global stock music market is the rising adoption of the subscription model. However, the search for the right music may be a time-consuming process, but the increasing demand for social media platform such as YouTube is fueling the global stock music market growth during the forecast period.
Market Dynamics
The demand for royalty free and license music has increased owing to the increase in popularity of influencers such as independent content creators is driving the market growth during the forecast period. Moreover, communities have emerged and created platform such as Tongal, where several influencers are focusing on doing collaboration in order to develop video content. As, these communities are using stock music and created lucrative opportunities in the market. Furthermore, the rising demand for stock music by influencers is also prompting the development of new and unique music, and increasing the demand of the global stock music market. Due to advancement in the technology, most of the modern composers are using stock music, which is increasing the demand for stock music in the market. The increasing YouTube strikes, creators facing violations, created huge demand for royalty-free music, it is used to provide lucrative opportunities and scope for growth. However, lack of satisfaction, and dwindling customer loyalty are the major challenges which is expected to hinder the global stock music market growth.
Key features of the study:
This report provides in-depth analysis of the global stock music market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global stock music market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include Audio Network Limited, Envato Elements Pty Ltd., Epidemic Sound, Pond5 Inc., Shutterstock, Inc., SoundCloud Ltd., Inmagine Lab Pte Ltd, The Music Bed LLC, Music Vine Limited, Storyblocks.com, Soundsnap, Soundstripe Inc., Bensound, Jamendo, and ProductionHUB, Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global stock music market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stock music market
Detailed Segmentation
Global Stock Music Market, By Type:
Royalty-free Stock Music
Licensed Stock Music
Global Stock Music Market , By Application:
Film Soundtracks
Advertising
Online Content
Gaming
Television and Radio Broadcasts
Corporate and Educational Presentations
Others
Global Stock Music Market , By End User:
Large Enterprises
SMEs
Individual Content Creators
Global Stock Music Market , By Region:
North America
By Type:
Royalty-free Stock Music
Licensed Stock Music
By Application:
Film Soundtracks
Advertising
Online Content
Gaming
Television and Radio Broadcasts
Corporate and Educational Presentations
Others
By End User:
Large Enterprises
SMEs
Individual Content Creators
By Country:
U.S.
Canada
Europe
By Type:
Royalty-free Stock Music
Licensed Stock Music
By Application:
Film Soundtracks
Advertising
Online Content
Gaming
Television and Radio Broadcasts
Corporate and Educational Presentations
Others
By End User:
Large Enterprises
SMEs
Individual Content Creators
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Type:
Royalty-free Stock Music
Licensed Stock Music
By Application:
Film Soundtracks
Advertising
Online Content
Gaming
Television and Radio Broadcasts
Corporate and Educational Presentations
Others
By End User:
Large Enterprises
SMEs
Individual Content Creators
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Type:
Royalty-free Stock Music
Licensed Stock Music
By Application:
Film Soundtracks
Advertising
Online Content
Gaming
Television and Radio Broadcasts
Corporate and Educational Presentations
Others
By End User:
Large Enterprises
SMEs
Individual Content Creators
Middle East and Africa
By Type:
Royalty-free Stock Music
Licensed Stock Music
By Application:
Film Soundtracks
Advertising
Online Content
Gaming
Television and Radio Broadcasts
Corporate and Educational Presentations
Others
By End User:
Large Enterprises
SMEs
Individual Content Creators
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
Audio Network Limited *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Envato Elements Pty Ltd.
Epidemic Sound
Pond5 Inc.
Shutterstock, Inc.
SoundCloud Ltd.
Inmagine Lab Pte Ltd
The Music Bed LLC
Music Vine Limited
Storyblocks.com
Soundsnap
Soundstripe Inc.
Bensound
Jamendo
ProductionHUB, Inc.
“*” marked represents similar segmentation in other categories in the respective section.