Latest News- Stock Music Market: Royalty-free is expected to lead the License Model segment during 2025-2029

The Stock Music Market is being driven by Rising adoption of subscription model

The Stock Music Market is expected to grow at a CAGR of 8.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 741.5 million. In the business world, the demand for royalty-free (RF) stock music is significantly driven by its versatile applications. RF music tracks are extensively utilized as background scores in various corporate media, including TV programs, corporate videos, on-hold productions, and websites. Furthermore, YouTube, a prominent video streaming service, offers a vast repository of licensed RF music for users to incorporate into their video content. This extensive availability and diverse selection enable businesses to select suitable soundtracks for their marketing presentations and videos, enhancing their brand image and customer engagement. 

Get more information on Stock Music Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• License Model
  • Royalty-free
  • Rights managed
• End-user
  • Television
  • Film
  • Radio
  • Advertising
  • Others
• Product
  • Sound effects
  • Track
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of subscription model
• Increasing adoption of digital music
• Popularity of audio and video streaming

However, the market also witnesses some limitations, which are as follows:

• Lack of ownership of streamed music and issues associated with integration
• Decline in growth of advertising market
• Illegal downloading of music tracks

Benefits of Buying Global Stock Music Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Stock Music Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the dynamic Stock Music Market, key elements include audio plugin development for enhanced sound production, managing music publishing rights, distributing music through various channels, and delivering digital music. Professionals require top-tier audio interfaces, studio recording techniques, music arrangement software, and audio signal processing. Bit depth audio, sample rate conversion, and audio compression codecs optimize file quality. Music library organization, sound editing tools, and mixing techniques ensure polished final products. Restoration processes, sound effects design, and transcription services expand creative possibilities. Audio file formats, branding strategies, podcast and video game audio production, film score composition, advertising jingles, virtual instruments software, and loop library integration are essential components.

Market Research Overview

In the expansive global movies and entertainment market, businesses specialize in various sectors such as advertising, broadcasting, cable and satellite, publishing, movies and entertainment, interactive home entertainment, and interactive media and services. This market encompasses companies that produce and sell entertainment products and services, including movie and television production and distribution, music production and distribution, entertainment theaters, sports teams, and online content providers. According to Technavio, the market size is determined by the consolidated revenue generated by these entities in the media, entertainment, and interactive media and services industries. Royalty-free music, licensing, music composition software, and sound effect libraries are integral components of this market, catering to the diverse needs of media content creators.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/