The rising adoption of subscription model will fuel the expansion of the stock music market at a CAGR of close to 6% during the forecast period.
Global Stock Music Market: About this market
Stock music is an inexpensive alternative to the use of popular music in the production. Stock music tracks do not require specific permission or extra clearance fees. This stock music market analysis considers the revenue generation based on license model that includes royalty-free (RF), and rights managed (RM). Our analysis also considers the sales of stock music in APAC, Europe, North America, MEA, and South America. In 2018, the royalty-free segment had a significant market share, and this trend is expected to continue over the forecast period.
Factors such as affordability of RF music will play a significant role in the royalty-free segment to maintain its market position. , our global stock music market report looks at factors such as the rising adoption of the subscription model, the popularity of audio and video streaming, and increasing adoption of digital music. However, the lack of ownership of streamed music, intense competition and inconsistent user preferences, and illegal downloading of music tracks may hamper the growth of the stock music industry over the forecast period.
Global stock music market: Overview
Rising adoption of subscription model
The demand for music subscriptions has increased significantly in recent years, owing to the growing integration of music streaming applications with social media platforms such as YouTube. This has encouraged companies to offer subscription-based stock music plans based on the application or the type of project. The rising adoption of subscription model will fuel the expansion of the stock music market at a CAGR of close to 6% during the forecast period.
Expanding variety of stock music
The demand for stock music is influenced by its widespread use as background music in TV programs, corporate videos, websites, and on-hold productions. Stock music also finds use as voiceovers to set the mood and context for the promotion of products and services. The extensive use of stock music for personal and business applications is encouraging vendors to provide a wide variety of stock music. The expanding range of stock music is expected to be a key stock music market trends during the forecast period.
With the presence of several major players, the global stock music market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stock music providers.
Also, the stock music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 08: MARKET SEGMENTATION BY LICENSE MODEL
- Market segmentation by license model
- Comparison by license model
- RF - Market size and forecast 2018-2023
- RM - Market size and forecast 2018-2023
- Market opportunity by license model
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Expanding variety of stock music
- Growth of advertising market
- Success of new revenue generation streams
PART 12: VENDOR LANDSCAPE
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Audio Network Ltd.
- Getty Images Inc.
- Pond5 Inc.
- Shutterstock Inc.
- The Music Bed LLC
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/r/fn3zbr