Stock Music Market Size to grow by USD 650.4 million between 2024-2028
According to a research report “ Stock Music Market” by License Model (Royalty-free, Rights managed) End-user (Television, Film, Radio, Advertising, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 650.4 million, at a CAGR of 8.09% during the forecast period. In the business realm of stock music, a subscription model prevails, facilitated by applications. The fusion of music streaming apps with social media platforms like YouTube has significantly boosted the market's appeal. Stock music is employed in numerous applications, including Internet streaming, corporate presentations, film scoring, podcasts, advertisements, mobile apps, music-on-hold, audiobooks, and video games. Vendors providing stock music cater to customer demands, setting prices according to the intended use - personal or commercial.
Browse market data tables, figures, and in-depth TOC on “Stock Music Market” by License Model (Royalty-free, Rights managed) End-user (Television, Film, Radio, Advertising, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By License Model, the Royalty-free segment is projected to dominate the market size in 2024
In the dynamic business landscape of the music industry, the stock music market has emerged as a significant player. This sector offers licensable music tracks for various commercial applications, providing businesses with cost-effective solutions for enhancing their brand image and customer engagement. By investing in a diverse portfolio of high-quality music, businesses can cater to their specific marketing needs and stay ahead of the competition. The stock music market is a valuable resource for businesses seeking to leverage music as a strategic tool for growth.
By End-user, Television segment is expected to hold the largest market size for the year 2024
In the dynamic business landscape of the Stock Music Market, licensors offer a vast catalog of high-quality, royalty-free musical compositions to businesses seeking to enhance their multimedia productions. These music assets, meticulously curated and produced by skilled composers, cater to various genres, moods, and production needs. By licensing stock music, businesses can effectively engage audiences, create memorable brand experiences, and ensure legal compliance.
North America is forecasted to hold the largest market size by region in 2024
In the dynamic business landscape of the Stock Music Market, licensors offer a vast catalog of high-quality, royalty-free music tracks to businesses seeking to enhance their multimedia content. These music assets are meticulously curated and categorized, ensuring optimal selection for various industry applications. By licensing music from reputable providers, businesses can effectively bolster their brand identity, improve audience engagement, and ensure compliance with copyright regulations.
The Stock Music Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Stock Music Market is a significant segment of the business world that caters to the demand for high-quality music in various industries. This market offers a wide range of genres and styles for multimedia artists, independent filmmakers, broadcasters, podcasters, online marketers, and digital advertisers. With the gig economy on the rise, the need for affordable and authentic music has become more crucial than ever. Stock music libraries provide a vast collection of tracks for video content creation, streaming services, and audio marketing. The entertainment business, including video games, advertisements, films, and TV, heavily relies on stock music to enhance their productions. Corporate production also utilizes stock music for presentations, conferences, and other business events. The user base of the stock music market includes millennials who consume vast amounts of digital content on social media and technology platforms. The demand for authentic and unique music is growing, making stock music an essential tool for content creators looking to engage their audience effectively. In summary, the stock music market is a thriving business that caters to various industries, from independent film to corporate production, and from podcasting to digital advertising. Its importance in the entertainment business and the gig economy continues to grow, making it an exciting and dynamic market to watch.
Market Research Overview
The Stock Music Market has emerged as a significant business entity in the entertainment industry, providing professionals with access to a vast array of genres and styles for various multimedia projects. Platforms like PremiumBeat, AudioJungle, and Shutterstock Music cater to the needs of multimedia artists, independent filmmakers, broadcasters, podcasters, online marketers, and digital advertisers. With globalization, the demand for stock music has expanded to streaming services, video content, TV advertising, radio advertising, and even print media like newspapers and magazines. The gig economy has fueled the growth of the stock music market, allowing local and touring musicians to monetize their work through licensing their music for use in various digital and traditional media. The market is populated by a diverse user base of content creators, corporations, and brands seeking authenticity and branding material. Stock music producers offer exploitable rights with various licenses and attribution models, enabling a unified approach to digital efforts in advertising, branding, and multimedia content. The entertainment business, including video games, advertisements, films, and TV, has embraced the stock music market, recognizing the importance of a digital element in today's media landscape. Cultural change agents like Budweiser and CocaCola have utilized stock music to create brand anthems and connect with affluent consumers. The stock music market continues to evolve, integrating with various platforms and adapting to localization and cultural trends.
Contacts
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/
