Stock Music Market: Exploring Market Share, Market Trends, and Future Growth

Market Overview and Report Coverage

Stock music, also known as production music, is pre-recorded music that is licensed for use in various media projects such as films, television shows, commercials, and online content. It is typically created by composers and musicians specifically for these purposes and is available for licensing to content creators for a fee.

The future outlook of the stock music market is optimistic, with a projected growth rate of % during the forecasted period. This growth can be attributed to the increasing demand for high-quality music content in various media platforms and the rise of independent content creators in the digital age. The market is also expected to benefit from advancements in technology, making it easier for content creators to access and license stock music for their projects.

Current trends in the stock music market include the popularity of subscription-based music licensing services, the demand for customizable music tracks, and the increasing use of AI technology to create and curate music content. Overall, the stock music market is poised for steady growth and is projected to continue expanding as the demand for music in media projects continues to rise.

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Market Segmentation

The Stock Music Market Analysis by types is segmented into:

• Royalty free (RF)
• Rights managed (RM)

Stock music market types include royalty-free (RF) and rights-managed (RM) markets. In royalty-free, customers pay a one-time fee for a music license and can use the music for an unlimited time and in multiple projects without paying additional fees. In rights-managed, customers pay a fee based on factors like usage, duration, and reach. This type of license has more restrictions and the customer must pay additional fees for each subsequent use of the music.

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The Stock Music Market Industry Research by Application is segmented into:

• Editorial
• Commercial

A stock music market application caters to both editorial and commercial markets by providing a platform for music producers to sell their tracks for use in various projects. In the editorial market, music is licensed for use in news broadcasts, documentaries, and other non-commercial productions. On the other hand, in the commercial market, music is licensed for use in commercials, films, TV shows, and other for-profit projects. The application serves as a marketplace where producers can showcase their work and customers can easily find and license music for their projects.

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In terms of Region, the Stock Music Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Stock Music market?

The global stock music market is experiencing a shift towards digital platforms, with a growing number of music licensing companies offering subscription-based services. The demand for high-quality, affordable music for various media projects is driving the market, leading to increased competition among stock music providers. Additionally, there is a rising trend towards personalized and customizable music options, as well as a growing focus on diversity and inclusivity in music libraries. The market is also seeing a surge in the use of artificial intelligence and machine learning technologies for music recommendation and curation. Overall, the stock music market is evolving to meet the changing needs of content creators in the digital age.

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Major Market Players

The stock music market is a highly competitive industry with several key players dominating the market. Audio Network is a leading player in the market, providing high-quality music tracks for various media projects. The company has seen significant market growth in recent years, with a focus on expanding its library of tracks and improving its technology platform for easier search and licensing.

Getty Images is another major player in the stock music market, offering a wide range of music tracks for use in various projects. The company has also experienced steady market growth, with a strong focus on providing licensed music tracks for commercial use. Shutterstock is another key player in the market, known for its extensive library of royalty-free music tracks and licensing options for various projects.

In terms of market size, the stock music market is estimated to be worth billions of dollars globally, with continued growth expected in the coming years. Key trends in the market include the increasing demand for music tracks for digital content creation, as well as the rise of subscription-based models for accessing music libraries.

In terms of sales revenue, Audio Network reported sales revenue of over $62 million in 2020, while Getty Images reported sales revenue of over $700 million in the same year. Pond5, Shutterstock, and The Music Bed are also major players in the market but have not disclosed their specific sales revenue figures. Overall, the stock music market is a highly competitive industry with several key players vying for market share through innovative offerings and expanded content libraries.

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