Stock music Market Size to Grow by USD 664.36 million From 2022 to 2027, Customer Landscape, Vendor Assessment & Market Dynamics - Technavio

NEW YORK, Nov. 16, 2022 /PRNewswire/ -- Technavio categorizes the Global Stock Music Market as a part of the parent movies and entertainment market, covering companies offering products, services, and solutions in advertising, broadcasting, cable and satellite, publishing, movies and entertainment, interactive home entertainment, and interactive media and services. The Global Stock Music Market share is set to increase by USD 664.36 million from 2022 to 2027. In addition, the market's growth momentum will accelerate at a CAGR of 7.94% as per the latest market forecast report by Technavio. The market will also record a 6.95% Y-O-Y growth Rate during the forecast period.

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Global Stock Music Market - Customer Landscape

Our report analyzes the Life Cycle of the Global Stock Music Market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global stock music market, focusing on the adoption rates of the major countries such as the US, China, Japan, the UK, and France. To help companies evaluate and develop growth strategies for 2022-2027. Our researchers have included –

• Key purchase criteria
• Adoption rates
• Adoption lifecycles
• Drivers of price sensitivity
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Global Stock Music Market – Vendor Analysis

Vendor Landscape – The market consists of several vendors that compete on parameters such as pricing and music varieties available on their websites. However, the need for capital investments is moderate, and entry and exit barriers are moderate. Therefore, the competition across vendors is moderate in the stock music market. Vendors have been included in the report based on their product offerings. They have been identified based on their revenues, market dominance, and geographical presence. The global stock music market is moderately fragmented. The market has many regional and international players. The global stock music market is expected to grow moderately during the forecast period.

Vendor Offerings -

• Adobe Inc.: The company offers stock music such as royalty free stock music and audio for video productions and podcasts.
• Artlist Ltd.: The company offers stock music such as royalty free music and sound effects.
• Audio Network Ltd.: The company offers stock music such as disco, reggae, jazz, and plenty of other genres.
• Bensound: The company offers stock music such as royalty free music, sound effects, and background music.
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  Global Stock Music Market - Segmentation Assessment

Geography Segment Overview

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Stock Music Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Stock Music Market size and actionable market understandings.

• Regional Highlights - North America is the fastest-growing region in the global stock music market compared to other regions. 43% growth will originate from North America. The stock music market in North America is more mature than other regional stock music markets. Therefore, the popularity of digital music services, such as streaming and downloading, is growing slowly. The presence of stringent copyright laws drives the growth of the stock music market in North America. The US holds the largest share of the stock music market in North America, primarily because of the presence of several music publishers and music streaming service providers. The high spending capacity of the population also contributes to the growth of the stock music market in the US.
• Revenue Generating Segment Highlights - The Global Stock Music Market as per license model segmentation is categorized into royalty-free and rights managed. The stock music market share growth by the royalty-free segment will be significant during the forecast period. Royalty-free (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 to use copyrighted music illegally. The cost of RF music is also less than RM music. The affordability of RF music drives the growth of the segment.

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Global Stock Music Market – Market Dynamics

• Major Driver - The rising adoption of the subscription model is driving the growth of the market. The subscription model of stock music is based on an 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. The cost of stock music is also based on applications such as personal use or commercial use. 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. 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.
• Major Trend - The expanding variety of stock music is the key trend in the market. 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. 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 videos. RF music is also used as background scores in presentations for marketing activities to create an impact on the minds of customers. The use of appropriate music can impact the ambiance around an advertisement or presentation and influence the audience. The extensive use of stock music for personal and business applications necessitates a variety of stock music, which is likely to drive the growth of the market during the forecast period.
• Major Challenges - The lack of ownership of streaming music and issues associated with integration is the major challenge in the market. Mobile apps offer both free and paid music streaming services and have large music libraries. However, the listeners do not own the music they listen to when they use streaming services, and Internet connectivity is required as not all streaming service providers offer offline music. Therefore, the lack of ownership prevents many people from relying on streaming services, and hence, they prefer downloading. In addition, for effective operability, vendors should be able to provide customer support for all platforms. Thus, business process issues and the need for significant investments and time make it difficult for small vendors to offer seamless services. This hampers the entry of new vendors and also challenges the sustainability of the existing vendors.

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Stock music Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist stock music market growth during the next five years
• Estimation of the stock music market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the stock music market
• 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

Related Reports:

• The music market share is expected to increase by USD 50.46 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.84%. The increasing adoption of digital music is notably driving the music market growth, although factors such as illegal downloads and piracy may impede the market growth.
• The music publishing market share is expected to increase by USD 2.41 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.73%. The growth of the global music industry is one of the key drivers supporting the music publishing market growth.

Table of Contents:

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 Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global stock music market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global stock music market 2017 - 2021 ($ million)

• 4.2 License Model Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – License Model Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by License Model

• 6.1 Market segments
• Exhibit 30: Chart on License Model - Market share 2022-2027 (%)
• Exhibit 31: Data Table on License Model - Market share 2022-2027 (%)

• 6.2 Comparison by License Model 
• Exhibit 32: Chart on Comparison by License Model
• Exhibit 33: Data Table on Comparison by License Model

• 6.3 Royalty-free - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Royalty-free - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Royalty-free - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Royalty-free - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Royalty-free - Year-over-year growth 2022-2027 (%)

• 6.4 Rights managed - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Rights managed - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Rights managed - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Rights managed - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Rights managed - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by License Model 
• Exhibit 42: Market opportunity by License Model ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Television - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Television - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Television - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Television - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Television - Year-over-year growth 2022-2027 (%)

• 7.4 Film - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Film - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Film - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Film - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Film - Year-over-year growth 2022-2027 (%)

• 7.5 Radio - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Radio - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Radio - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Radio - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Radio - Year-over-year growth 2022-2027 (%)

• 7.6 Advertising - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Advertising - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Advertising - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Advertising - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Advertising - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Adobe Inc.
• Exhibit 120: Adobe Inc. - Overview
• Exhibit 121: Adobe Inc. - Business segments
• Exhibit 122: Adobe Inc. - Key news
• Exhibit 123: Adobe Inc. - Key offerings
• Exhibit 124: Adobe Inc. - Segment focus

• 12.4 Artlist Ltd.
• Exhibit 125: Artlist Ltd. - Overview
• Exhibit 126: Artlist Ltd. - Product / Service
• Exhibit 127: Artlist Ltd. - Key offerings

• 12.5 Audio Network Ltd.
• Exhibit 128: Audio Network Ltd. - Overview
• Exhibit 129: Audio Network Ltd. - Product / Service
• Exhibit 130: Audio Network Ltd. - Key offerings

• 12.6 Bensound
• Exhibit 131: Bensound - Overview
• Exhibit 132: Bensound - Product / Service
• Exhibit 133: Bensound - Key offerings

• 12.7 Envato Pty Ltd.
• Exhibit 134: Envato Pty Ltd. - Overview
• Exhibit 135: Envato Pty Ltd. - Product / Service
• Exhibit 136: Envato Pty Ltd. - Key offerings

• 12.8 Epidemic Sound AB
• Exhibit 137: Epidemic Sound AB - Overview
• Exhibit 138: Epidemic Sound AB - Product / Service
• Exhibit 139: Epidemic Sound AB - Key offerings

• 12.9 Footage Firm Inc.
• Exhibit 140: Footage Firm Inc. - Overview
• Exhibit 141: Footage Firm Inc. - Product / Service
• Exhibit 142: Footage Firm Inc. - Key offerings

• 12.10 Marmoset LLC
• Exhibit 143: Marmoset LLC - Overview
• Exhibit 144: Marmoset LLC - Product / Service
• Exhibit 145: Marmoset LLC - Key offerings

• 12.11 Music Vine Ltd.
• Exhibit 146: Music Vine Ltd. - Overview
• Exhibit 147: Music Vine Ltd. - Product / Service
• Exhibit 148: Music Vine Ltd. - Key offerings

• 12.12 MusicRevolution LLC
• Exhibit 149: MusicRevolution LLC - Overview
• Exhibit 150: MusicRevolution LLC - Product / Service
• Exhibit 151: MusicRevolution LLC - Key offerings

• 12.13 NEO Sounds Ltd.
• Exhibit 152: NEO Sounds Ltd. - Overview
• Exhibit 153: NEO Sounds Ltd. - Product / Service
• Exhibit 154: NEO Sounds Ltd. - Key offerings

• 12.14 Shutterstock Inc.
• Exhibit 155: Shutterstock Inc. - Overview
• Exhibit 156: Shutterstock Inc. - Product / Service
• Exhibit 157: Shutterstock Inc. - Key offerings

• 12.15 SoundCloud Global Ltd. and Co. KG 
• Exhibit 158: SoundCloud Global Ltd. and Co. KG - Overview
• Exhibit 159: SoundCloud Global Ltd. and Co. KG - Product / Service
• Exhibit 160: SoundCloud Global Ltd. and Co. KG - Key offerings

• 12.16 The License lab LLC
• Exhibit 161: The License lab LLC - Overview
• Exhibit 162: The License lab LLC - Product / Service
• Exhibit 163: The License lab LLC - Key offerings

• 12.17 Trad Ventures LLC
• Exhibit 164: Trad Ventures LLC - Overview
• Exhibit 165: Trad Ventures LLC - Product / Service
• Exhibit 166: Trad Ventures LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

• Unified

• dissatisfaction with pay-TV services: The market is witnessing an increased dissatisfaction of customers with pay-TV services, which is hindering the market growth. Subscribers in the market are either frequently shifting to another provider in the market or canceling pay-TV service altogether and shifting to online streaming services. There are multiple reasons for this dissatisfaction, including poor content collection and poor service quality. In addition to this, one of the major factors driving this dissatisfaction is the sudden rise in the cost of pay-TV services.

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