LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global stock music market report until 2021. This research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global stock music market for 2017-2021 provides detailed industry analysis based on license model (royalty free (RF) and rights managed (RM)) and geography (the Americas, EMEA, and APAC).
“The global stock music market is projected to grow to almost USD 875 million by 2021, at a CAGR of more than 7% over the forecast period. The availability of a wide range of subscription plans for different applications is a key driving factor impacting the market,” says Poonam Saini, a lead analyst at Technavio for retail goods and services research.
Competitive vendor landscape
The global stock music market is a very fragmented market with various small and large companies providing stock music to their customers. The competition in the industry is intense, owing to very few entry barriers. Vendors with better electronic capabilities and financial resources can provide better music tracks and are more capable of offering volume discounts to customers. The vendors who develop new technologies stay abreast of emerging trends and maintain the competitiveness of their product lines. The key market players compete in terms of subscriptions, portfolio, pricing, quality, and product differentiation.
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Top five vendors in the global stock music market
Audio Network operates as a music company that publishes music clips for films, advertisements, television, and corporate video presentations. It offers several original music tracks belonging to different music styles and genres that can be used in various creative industries around the world.
Getty Images creates and distributes images, video and audio products, press kits, documents, and other visual content products. The company's image and stock illustration offerings include conceptual rights managed and RF creative images. Its audio offerings include RF high-quality audio and music clips.
Musicbed is a full-service licensing platform that provides a highly-curated selection of songs to filmmakers that they can use for their projects. It offers music tracks belonging to the Rock, Cinematic, Indie Pop, Electronic, Vintage, Soul, Classical, and other genres.
POND5 is an online platform that enables the users to sell RF footage, illustrations, photos, sound effects, music, after effects, and 3D models. It has offices in New York, US; Prague, Czech Republic; Geneva, Switzerland; and Dublin, Ireland.
Shutterstock provides stock photographs, vectors, illustrations, and footage to creative industry professionals around the world. It specializes in commercial digital content such as images, music, and video. The company's commercial digital imagery offerings include licensed photographs, illustrations, and video clips.
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- Global Music Market 2017-2021
- Global Electronic Musical Instrument Market 2017-2021
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Technavio is leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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