The global demand for Stock Music Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Stock music, often referred to as library music, is a form of recorded music owned by production agencies and is licensed to customers for film, television, radio, and other media. This less expensive alternative can be authorized without the composer's permission. Stock music is generally made available in digital CD Red Book Audio format for audio and audiovisual productions like radio and television broadcasts, computer games, motion picture, video scores and soundtracks, commercials, and jingles, corporate & training presentations, Web sites, software applications, and multimedia. Stock music can be of any genre and is easy to cue, dub, and synchronize into the production.
Market Dynamics
The rising popularity of audio and video streaming services will be the central stimulant for the stock music market. The mushrooming of music publishers and the stringent copyright laws governing the entertainment industry will further propel this market's growth. The rising demand for video production with already available music try used in voice-overs and background scores, and the availability of a broad genre of music libraries will boost this market's growth. This market will significantly benefit from the increased adoption of music production software. The intense competition from various music production houses and inconsistent user preferences will be the main roadblocks faced by this market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of stock music.
Market Segmentation
The entire stock music market has been sub-categorized into products, license and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Products
By License
- Royalty-Free
- Licensed Music
By End-User
- Large Business
- SMEs
- Individual Content Creators
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for stock music market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Stock Music Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the stock music market include Audio Network, Getty Images, Shutterstock, Musicbed, Envato, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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