Global Stock Music Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stock Music Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

People have the full range of music quality in stock music from very amateurish poorly mixed music to highly professional music tracks. Stock music is understood in opposition to “custom made” music that is created for a specific product – a film, a commercial, a TV show. Many stock music libraries offer their music on a Royalty Free basis, but other libraries prefer to offer their music with a Rights Managed model or “per usage” based on the frequency of use as well as the size of the territory.

Market Overview:

The latest research study on the global Stock Music market finds that the global Stock Music market reached a value of USD 1139.06 million in 2022. It’s expected that the market will achieve USD 1746.22 million by 2028, exhibiting a CAGR of 7.38% during the forecast period.

Opportunities of the Global Stock Music Market

The rise of sound libraries is an emerging movement in the music stock market. The music track segment is highly diversified. The age of personal creation is fueling the stock music market by tracks. As the market was once dominated by low-quality music and kept great musicians out of the game, emerging business models harmonize the quality and price. This helps genuine composers to reenter the field and raise the standard of the industry, thereby driving the demand for stock tracks. Also, modularity has become increasingly relevant in the stock music marketplace with players putting musical expression at the fingertips by
enabling users to build their own track with component tracks, re-balance the music to fit audio elements and voice-overs. The rise of sound libraries is an emerging trend in the market. Sound libraries are increasingly offering toolkits, which cover all sound design and musical effect needs. They are specifically crafted for editors and help in customization and curation to speed up workflow. Sound effects are widely used in creative storytelling, UX, and film industries. The stock music market size by sound effects is expected to grow at a promising rate, which will further promote thee stock music market.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Shutterstock is one of the major players operating in the Stock Music market, holding a share of 7.22% in 2019.

Shutterstock is a leading global technology company offering a creative platform for high-quality assets, tools and services.

The company licenses images, video, music, and editorial assets -- as well as custom content tailored to a brand’s needs. Shutterstock offers a variety of plans for individuals, teams, and enterprise customers as well as creative editing and collaboration capabilities. The Shutterstock portfolio of brands includes Bigstock, Offset, PremiumBeat, Rex Features and Shutterstock Custom.

Epidemic Sound AB operates as a digital music library. The Company provides online music to media companies for use in audio visual productions.

Epidemic Sound serves broadcasters and video producers worldwide.

Segmentation Overview:

Among different product types, RM segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Television segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Stock Music market covered in Chapter 3:

NEO Sounds
POND5
MusicRevolution
Audio Network
Shutterstock
Earmotion Audio Creation
Getty Images
AudioBlocks
Music Vine Limited
MARMOSET
BMG Production Music
Epidemic Sound
Artlist
Soundstripe
Musicbed
The Music Case
Envato
123RF

In Chapter 4 and Chapter 14.2, on the basis of types, the Stock Music market from 2018 to 2029 is primarily split into:

RF
RM

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stock Music market from 2018 to 2029 covers:

Film
Television
Radio
Advertising
Creators
Gaming
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)