Stock Music

Stock Music

Global Stock Music Market to Reach US$2.2 Billion by 2030

The global market for Stock Music estimated at US$1.5 Billion in the year 2023, is expected to reach US$2.2 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2023-2030. Royalty-Free License Model, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Rights Managed License Model segment is estimated at 5.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$403.4 Million While China is Forecast to Grow at 9.6% CAGR

The Stock Music market in the U.S. is estimated at US$403.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$471.6 Million by the year 2030 trailing a CAGR of 9.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 6.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Stock Music Market - Key Trends and Drivers Summarized

Stock music, also known as production music or library music, is pre-recorded music that can be licensed for use in various media projects, such as films, TV shows, commercials, podcasts, and corporate presentations. Unlike traditional music licensing, which can be complex and costly due to negotiations over synchronization rights with music publishers, stock music offers a more straightforward and cost-effective solution. It is available through numerous platforms that provide diverse catalogues from which users can select music that best fits their project`s needs without the need for direct negotiation with the composer or artist. This ease of access has made stock music an essential resource for content creators who require high-quality music but may not have the budget or the inclination to commission original compositions.

The versatility and broad applicability of stock music are significant contributors to its popularity. These tracks are crafted to be easily looped or edited to fit different durations and styles, making them highly adaptable across various formats and genres. Stock music libraries are continuously expanding their collections to include contemporary sounds and emerging genres, thus catering to a wide range of tastes and project requirements. This adaptability not only enhances the user experience but also ensures that the music remains relevant across different cultural and demographic boundaries. Furthermore, advancements in digital technology have streamlined the distribution and licensing processes, enabling instant access to tracks from around the world. This global reach has democratized music licensing, allowing independent filmmakers, small businesses, and digital marketers alike to utilize professional soundtracks in their projects.

The growth in the stock music market is driven by several factors, including technological advancements in media production, increasing demand for cost-effective musical content, and shifts in consumer behavior towards digital media consumption. Technological factors such as the proliferation of high-quality, affordable recording and editing equipment have lowered barriers to entry for music production, resulting in a surge in the quantity and variety of music available in stock libraries. Additionally, the rise of content creation across platforms like YouTube, TikTok, and podcasts has escalated demand for readily accessible music that can be quickly and legally integrated into multimedia projects. Consumer behavior has also evolved, with more creators and businesses recognizing the value of professional-grade audio in enhancing viewer engagement and project quality. Furthermore, the integration of sophisticated search algorithms and AI-based recommendations in stock music platforms has made it easier for users to find the perfect tracks for their projects, thereby encouraging repeated use and loyalty to specific libraries. These dynamics illustrate a vibrant and growing industry that continues to adapt and thrive in the face of changing technological and market conditions.

Select Competitors (Total 35 Featured) -

• 123RF Pte Ltd
• Artlist International, Inc.
• Audio Network Limited
• BMG Production Music
• Dreamstime.com, LLC
• Earmotion Audio Creation GmbH
• Envato Elements Pty Ltd
• Epidemic Sound AB
• Getty Images, Inc.
• Marmoset LLC (Marmoset Music)
• Musicbed
• NEO Sounds Ltd.
• Pond5, Inc.
• Shutterstock, Inc.
• Soundstripe Inc.;

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