About Stock Music Industry Depth
Stock music is pre-recorded music that can be licensed for use in a variety of projects, such as films, television shows, video games, commercials, and online videos. Stock music is typically produced by professional musicians and composers, and is available for licensing from a variety of sources, including online libraries and music production companies. The innovation of music fans with streaming, particularly with paid subscriptions for audio and video streaming, has expanded significantly in recent years. Rising demand for stock music recordings for usage in voice-overs and background scores is predicted to fuel the Stock Music Market. Overall, the Stock Music market is poised for continued expansion in the coming years due to the increasing demand for sustainable and innovative products, as well as the widespread adoption of technology. The stock music libraries offer a wide variety of music composed by various artists in different moods, genres, tempos, styles, and ranging from classical orchestrations to animated cartoon compositions. All these factors are expected to fuel of the growth of the global stock music market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 9.9% |
The competitive landscape of the stock music industry is constantly evolving. New companies are entering the market all the time, and existing companies are constantly innovating and expanding their offerings. The stock music industry is expected to continue to grow in the coming years. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Stock Music Industry Depth market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Audio Network (United Kingdom), Associated Production Music (United States), Amplifier (United States), APM Music (United States), Nitin Sawhney (United Kingdom), Chris Lord-Alge Productions (United States), Big Giant Beats (United States), Audiomachine (United States), Brassland Records (United States) and Creative Source (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mood Media (United States), Soundstripe (United States), Zero Music (United States), Marmoset (Australia) and Audio Network (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Stock Music Industry Depth market by Type (Royalty Free Music and Right Managed Music), Application (Film, Television, Radio, Advertising, Creators, Gaming and Others) and Region.
On the basis of geography, the market of Stock Music Industry Depth has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Large Enterprises will boost the Stock Music Industry Depth market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand of customized music and Rise of Social media and online video platform
Market Growth Drivers:
Rising demand of content creation
Challenges:
Rise in independent artists
Restraints:
Quality control and Consistency
Opportunities:
Increasing Incorporation of Artificial Intelligence in Music Composing
Market Leaders and their expansionary development strategies
In August 2023, A major stock music library has been acquired by a private equity firm in a deal that could have a significant impact on the industry. The acquisition is the latest in a series of high-profile deals in the stock music space, and it highlights the growing interest in this increasingly valuable market.
In July 2023, Industry veteran John Doe has launched a new royalty-free music label. The label will offer a wide variety of high-quality music tracks that can be used for a variety of purposes, including films, television shows, advertisements, and video games.
Key Target Audience
Potential Investors, Customers, Market Research & Consultancy Firm, Film and Television producers, Advertiser, Social media content creator and Corporate Video Producers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.