Stock Music Market

Stock Music Market is expected to grow at significant CAGR during the forecast period due to the accelerating adoption of the subscription model.

Introduction of the Stock Music Market Report

Stock music is a general term used for music that has been recorded and can be purchased as a part of a large music library. Stock music is also known as archive music or library music, as it belongs to a large music archive that anyone can access. This type of music is created with a specific objective in mind and are used for particular projects, mainly audio-visual such as films, advertisements, video games, TV, and corporate productions.

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Market Dynamic

Key Drivers and Emerging Trends

The global stock music market is anticipated to grow at a significant rate during the forecast period. The accelerating adoption of the subscription model is one of the biggest factors that has surged the demand of the market over the coming years. Background music, social media, advertising, video making, TV-style programming, YouTube, and Podcasts have increased the trend of the subscription model. Stock music has enabled users to integrate their searches of music libraries around numerous platforms. Moreover, the COVID-19 quarantine is acting as a somber way to surge the subscription revenue and streaming video on demand (SVOD) services such as HBO, Hulu, Netflix, and Disney Plus. This factor is having a positive impact on the growing demand of the market.

The significant shift in the user’s preference from traditional radio devices towards online radio has created new growth opportunities for stock music, particularly related to advertising and podcasts. According to the GMI Research analysis, there has a drastic increase in the monthly reach of online radio among adults in the age group 25-54 in the U.S. (2019). This factor has further contributed to the growth of the market in the coming years. Furthermore, the strong demand for royalty-free and license music driven by the growing popularity of influencers, especially independent content creators, is another factor that is driving the demand for stock music. Various platforms such as Tongal, where influencers can collaborate to develop video content are opening new doors for market growth as they are increasing the usage of stock music.

Restraint in the Stock Music Market

On the other hand, the lack of ownership of streamed music and inconsistent user preferences are the two major factors that are hindering the growth of the market.

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End-Users – Segment Analysis

Based on the End-users, the commercial segment is anticipated to dominate the market during the forecast period. This is attributed to the accelerating demand for stock music, especially freelancers, production companies, and different brands. The licensing of stock video helps the professional to get access to composed music, which they can use in their client’s content, without ever getting copyright strikes.

Subscription Model – Segment Analysis

On the basis of the Subscription Model, the monthly/annual payment segment is expected to grow at a faster CAGR during the forecast period. The increasing preference for monthly or annual payment for stock music among the end-users is a major factor that is responsible for the growth of the segment in the market. Individuals are now looking for a regular payment option, which makes switching from one company to another easy for them.

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Regional – Segment Analysis:

Based on the region, North America is predicted to lead the market during the forecast period. The presence of stringent copyright laws and the easy availability of various music publishers and music streaming service providers are the key drivers that are surging the growth of the market in this region. In addition to this, the high spending capacity of the population is further driving the market growth in this region. U.S. is one of the key markets for stock music in North America.

Top Market Players

Various notable players operating in the market include Audio Network Limited, Envato Elements Pty Ltd., Epidemic Sound, Inmagine Group, Pond5 Inc., Shutterstock Inc., and SoundCloud Ltd., among others.

Segments covered in the Report:

The global Stock Music market has been segmented on the basis of End-Users, Subscription Model and key regions. Based on End-Users, the market is segmented into Personal, Commercial and Enterprise. Based on Subscription Model, the market is segmented into One-time payment and Monthly/Annual Payment.

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Key questions answered in this research report:

• • At what pace is global Stock Music market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Stock Music market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Stock Music market?
  • Which end-users generated maximum revenues in 2019 and identify the most promising end-users during the forecast period?
  • What are the various subscription models of global Stock Music market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Stock Music Market by End-Users

• • Personal
  • Commercial
  • Enterprise

Global Stock Music Market by Subscription Model

• • One-time payment
  • Monthly/Annual Payment

Global Stock Music Market by Region

• • North America Stock Music Market (Option 1: As a part of the free 25% customization)
    • North America Market by End-Users
    • North America Market by Subscription Model
    • US Market All-Up
    • Canada Market All-Up
  • Europe Stock Music Market (Option 2: As a part of the free 25% customization)
    • Europe Market by End-Users
    • Europe Market by Subscription Model
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Stock Music Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by End-Users
    • Asia-Pacific Market by Subscription Model
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Stock Music Market (Option 4: As a part of the free 25% customization)
    • RoW Market by End-Users
    • RoW Market by Subscription Model
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Stock Music (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Audio Network Limited
  • Envato Elements Pty Ltd.
  • Epidemic Sound
  • Inmagine Group
  • Pond5 Inc.
  • Shutterstock Inc.
  • SoundCloud Ltd.