Stock Music Market Size to Grow by USD 452.89 Bn at a CAGR of 6.90%| Royalty-free (RF) segment is expected to witness lucrative growth - Upsmag - Magazine News

Stock Music Market Size to Grow by USD 452.89 Bn at a CAGR of 6.90%| Royalty-free (RF) segment is expected to witness lucrative growth

This market research report extensively covers Stock Music Market segmentations by the following:

  • License model- RF and RM
  • The royalty-free (RF) category will gain considerable market share in stock music. The right to use copyright works without paying royalties or license fees is referred to as RF. The introduction of RF music has made it possible to employ lawful music in video and sound-based creations. It has given producers legal access to a wide range of musical content, eliminating the need to use illegally copied music. RF music is also less expensive than RM music. The segment’s rise is fueled by the low cost of RF music.
  • Geography – North America, Europe, APAC, Middle East and Africa, and South America
  • North America will account for 40% of the market’s growth. In North America, the United States is a major stock music market. The market in this region will increase at a quicker rate than the markets in Europe and MEA.
  • Over the projection period, the presence of various music publishers and music streaming service providers will aid the expansion of the stock music industry in North America.

Get more insights into this market’s growth with a detailed analysis of the top regions, View our Sample Report!

Stock Music Market Dynamics

Market Driver

the growing popularity of the subscription model will propel the stock music market to new heights. Stock music subscriptions are based on the application. Integration of music streaming apps with social media platforms like YouTube has boosted the demand for music subscriptions. Vendors that offer stock music provide audio tracks based on customer demand and set prices according to the use of music.

Market Trend

The stock music market will rise because of the increasing adoption of digital music. The ease of accessing and downloading songs via the Internet is one of the main reasons for the growing popularity of digital music. The growth of many mobile applications and websites has increased the number of people who listen to digital music. Because of the Internet’s widespread availability and low cost, more people are listening to digital music on their mobile devices.

Our reports covers all the major factor that drives a market along with the challenges. To get a detailed understanding of the market trend, Click here to BUY now!

Stock Music Market Scope

Report Coverage

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.90%

Market growth 2021-2025

$452.89 million

market structure

fragmented

YoY growth (%)

5.65

regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

key consumer countries

US, UK, Japan, Germany, China, and France

competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Artlist Ltd., Audio Network Ltd., Bensound, Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., Pond5 Inc., Shutterstock Inc., SoundCloud Ltd., and The Music Bed LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Stock Music Market Segmentation

  • License Model
  • geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Download Sample Report: to know additional highlights and key points on various market segments and their impact in coming years.

Stock Music Market Vendor

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Artlist Ltd.
  • Audio Network Ltd.
  • Bensound
  • Envato Pty Ltd.
  • Epidemic Sound AB
  • Footage Firm Inc.
  • Pond5 Inc.
  • Shutterstock Inc.
  • SoundCloud Ltd.
  • The Music Bed LLC

Find out the top market vendors, their competition and how they excel in the Stock Music Market in our latest Sample Report. Download our Detailed Sample Report.

Stock Music Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our stock music market report covers the following areas:

  • Stock Music Market to you
  • Stock Music Market trends
  • Stock Music Market industry analysis

This study identifies the rising adoption of the subscription model as one of the prime reasons driving the stock music market growth during the next few years.

Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now!

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Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • market condition

Market Segmentation by License model

  • market segments
  • Comparison by License model
  • RF – Market size and forecast 2020-2025
  • RM – Market size and forecast 2020-2025
  • Market opportunity by License model

customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • market drivers
  • Market challenges
  • market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Artlist Ltd.
  • Audio Network Ltd.
  • Bensound
  • Envato Pty Ltd.
  • Epidemic Sound AB
  • Footage Firm Inc.
  • Pond5 Inc.
  • Shutterstock Inc.
  • SoundCloud Ltd.
  • The Music Bed LLC

appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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