Stock Music Market - Global Outlook and Forecast 2019-2024

Date: August 13, 2019
Pages: 227
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Publisher: Arizton Advisory & Intelligence
Report type: Strategic Report
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ID: S7C27D232F9EN
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Stock Music Market - Global Outlook and Forecast 2019-2024
The global stock music market is expected to grow at a CAGR of about 9% during the forecast period.

The global stock music market is driven by the following factors:
  • Increased traction of audio-based user experiences
  • Growth of platform integration
  • Increasing intuitiveness of filters
The research report provides in-depth market and segmental analysis of the market by product, license, end-user, and geography.

The demand for subscription licenses of tracks, loops, and sound effects and lifetime licenses of theme tunes is expected to shape the demand in the stock music market. The growth of TV-style programming, and the growing popularity of sound design-first approach are contributing to the growth of the stock music market size. The demand for royalty-free and licensed music is spurred, and vendors are designing their products and services around the theme of independent content creation. There has also been an emergence of new platforms such as Tongal, which is a global community of creators that collaborate with studios, networks, and brands to develop video content for several platforms. Such communities are more likely to rely on stock music than commission its production, thereby taking stock music to major brands.

This research report on the stock music market covers market sizing and forecast, market share, industry trends, growth drivers, and vendor analysis. It includes insights on segmentation by products (tracks and sound effects), license (royalty-free and licensed music), end-users (large business, SMEs, and individual content creators), and geography (North America, APAC, Europe, and ROW).

The study considers the present scenario of the global stock music market and its market dynamics for the period 2018−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It profiles and examines leading companies and other prominent companies operating in the stock music market.

Stock Music Market: Segmentation

The research report includes a detailed segmentation of the market by product, license, end-user, and geography. The age of personal creation is fueling the stock music market by tracks. As the market was once dominated by low-quality music and kept great musicians out of the game, emerging business models harmonize the quality and price. This helps genuine composers to re-enter the field and raise the standard of the industry, thereby driving the demand for stock tracks. Also,modularity has become increasingly relevant in the stock music marketplace with players putting musical expression at the fingertips by enabling users to build their own track with component tracks, re-balance the music to fit audio elements and voice-overs. The tracks segment dominated the market in 2018. The rise of sound libraries is an emerging trend in the market. The stock music market size by sound effects is expected to grow at a high CAGR during the forecast period. The increasing trend of“quality over quantity” is shifting focus from royalty-free to licensed music, thereby accelerating the growth of the licensed music segment. Several SMEs and individuals are finding the royalty-free model appealing and economical. The intensifying start-up culture in high-growth countries such as India is expected to boost the demand for royalty-free music. Further, key vendors are focusing on online affiliates and organic search, aimed at gaining speed and building authority in search listings by offering strong content, which is expected to drive the stock music market globally.

SMEs and individual content creators are growing at high CAGRs and are expected to fuel the market in the coming years. The rise in corporate profits that have created more income for employers is driving marketing spend. The shift of listeners to digital channels has created opportunities for stock music players. The growth of online radio services has fueled small business advertising via audio channels since they offer reliability by allowing tracking and targeting. This is boding well for the growth of the SME stock music market. The growth of influencers (individual content creators) has led to the rapid ascent of subscription licenses, specifically among high audio-visual oriented sectors such as travel, fashion and style, photography, food, lifestyle, sports and fitness, and DIYs. This evolution is expected to contribute significantly to the growth of the global stock music market.

Market Segmentation by Products
  • Tracks
  • Sound Effects
Market Segmentation by License
  • Royalty-free
  • Licensed Music
Market Segmentation by End-user
  • Large Business
  • SMEs
  • Individual Content Creators
Stock Music Market: Geography

The growing need for audio-visual and interactive storytelling is emerging as a new opportunity in the North American stock music market. The APAC region is characterized by strong advertising spending. Rapidly changing media landscape is fueling growth. The growth of the European stock music market has picked up and is stimulated by attractive financing conditions and growing corporate profitability. The market has entered the post-desktop banner phase, thereby driving up the usage of video and mobile, taking over TV advertising spending back in 2015. There is a high reliance on services that allow brands to leverage user-generated social content and develop personalized videos with brand messages integrated into them. Stock music has thus found new spaces for growth further amplified by the growth of programmatic video advertising.

Market Segmentation by Geography
  • North America
    • US
    • Canada
  • APAC
    • China
    • Japan
    • India
    • South Korea
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • ROW
    • UAE
    • South Africa
    • Brazil
Key Vendor Analysis

The global stock music market is moderately consolidated. Single artist, community-based and mass players are the three types of agencies present in the global stock music market. There are a number of specialist agencies that are catapulting the industry forward just as they keep up with technology and demand developments.In addition, there are several small and large vendors that are altering the stock music business by new approaches and models such as subscription-only. Further, vendors will compete on quality, distribution capabilities, brand recognition and reputation, degree of localization, and customer service.

Key Vendors
      • Audio Network
  • Getty Images
  • Shutterstock
  • Musicbed
  • Envato
Other Prominent Vendors
  • 123rf
  • Art-list
  • Audiosocket
  • Bensound
  • Dreamstime
  • Earmotion
  • Epidemic Sound
  • FyrFly-SongFreedom
  • Jamendo
  • Marmoset
  • Motion Array
  • Music Vine
  • MusicRevolution
  • Neosounds
  • Pond5
  • Soundsnap
  • Soundstripe
  • Storyblocks
  • The Music Case
  • Videvo
Key market insights include

1. The analysis of the stock music market provides market size and growth for the forecast period 2019–2024.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the stock music market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of stock music market segments and the regional outlook of the market.
5. The study offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 Market Definition
  4.1.1 Inclusions
  4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
  4.4.1 Market Segmentation by Product
  4.4.2 Market Segmentation by License
  4.4.3 Market Segmentation by End-user
  4.4.4 Market Segmentation by Geography

5 REPORT ASSUMPTIONS & CAVEATS

5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 MARKET AT A GLANCE

7 INTRODUCTION

7.1 Digital Globalization
7.2 The Case for Sound in a Hyper-connected Ecosystem
7.3 Trends and Success Factors in the Stock Music Market
7.4 Game Design
  7.4.1 Music Game Genres

8 MARKET DYNAMICS

8.1 Growth Enablers
  8.1.1 Rise of Independent Content Creators
  8.1.2 The Podcast Renaissance
  8.1.3 Audio-based User Experiences Gaining Traction
  8.1.4 Growing Popularity of Sound Design-first Approach
  8.1.5 Growth of TV Style Programming
8.2 Market Restraints
  8.2.1 Stories Without Sounds
  8.2.2 Massive Profusion of Choice
  8.2.3 Generic Music Sweeps the Market
  8.2.4 Increasing Investment in Custom Music
8.3 Market Trends
  8.3.1 Simplifying Licensing
  8.3.2 Increasing Intuitiveness of Filters
  8.3.3 Growth of Platform Integrations
  8.3.4 Authenticity Comes to the Forefront
  8.3.5 Immersive Sound Design Gains Ground

9 GLOBAL STOCK MUSIC MARKET

9.1 Market Size & Forecast
9.2 Five Forces Analysis
  9.2.1 Threat of New Entrants
  9.2.2 Bargaining Power of Suppliers
  9.2.3 Bargaining Power of Buyers
  9.2.4 Threat of Substitutes
  9.2.5 Competitive Rivalry

10 BY PRODUCT

10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.3 Tracks
  10.3.1 Market Size & Forecast
10.4 Sound Effects
  10.4.1 Market Size & Forecast

11 BY END-USER

11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Large Businesses
  11.3.1 Market Size & Forecast
11.4 SMEs
  11.4.1 Market Size & Forecast
11.5 Individual Content Creators
  11.5.1 Market Size & Forecast

12 BY LICENSE

12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Licensed Music
  12.3.1 Market Size & Forecast
12.4 Royalty-free
  12.4.1 Market Size & Forecast

13 BY GEOGRAPHY

13.1 Market Snapshot & Growth Engine
13.2 Overview

14 NORTH AMERICA

14.1 Market Size & Forecast
14.2 Key Countries
  14.2.1 US: Market Size & Forecast
  14.2.2 Canada: Market Size & Forecast

15 APAC

15.1 Market Size & Forecast
15.2 Key Countries
  15.2.1 China: Market Size & Forecast
  15.2.2 Japan: Market Size & Forecast
  15.2.3 India: Market Size & Forecast
  15.2.4 South Korea: Market Size & Forecast

16 EUROPE

16.1 Market Size & Forecast
16.2 Key Countries
  16.2.1 UK: Market Size & Forecast
  16.2.2 Germany: Market Size & Forecast
  16.2.3 France: Market Size & Forecast
  16.2.4 Italy: Market Size & Forecast

17 ROW

17.1 Market Size & Forecast
17.2 Key Countries
  17.2.1 UAE: Market Size & Forecast
  17.2.2 South Africa: Market Size & Forecast
  17.2.3 Brazil: Market Size & Forecast

18 COMPETITIVE LANDSCAPE

18.1 Competition Overview

19 MARKET VENDOR ANALYSIS

19.1 Market Ranking Analysis

20 KEY COMPANY PROFILES

20.1 Audio Network
  20.1.1 Business Overview
  20.1.2 Major Product Offerings
  20.1.3 Key Strengths
  20.1.4 Key Strategies
  20.1.5 Key Opportunities
20.2 Getty Images
  20.2.1 Business Overview
  20.2.2 Major Product Offerings
  20.2.3 Key Strengths
  20.2.4 Key Strategies
  20.2.5 Key Opportunities
20.3 Shutterstock
  20.3.1 Business Overview
  20.3.2 Major Product Offerings
  20.3.3 Key Strengths
  20.3.4 Key Strategies
  20.3.5 Key Opportunities
20.4 Musicbed
  20.4.1 Business Overview
  20.4.2 Major Product Offerings
  20.4.3 Key Strengths
  20.4.4 Key Strategies
  20.4.5 Key Opportunities
20.5 Envato
  20.5.1 Business Overview
  20.5.2 Major Product Offerings
  20.5.3 Key Strengths
  20.5.4 Key Strategies
  20.5.5 Key Opportunities

21 OTHER PROMINENT VENDORS

21.1 123RF
  21.1.1 Business Overview
  21.1.2 Product Offerings
  21.1.3 Key Strengths
  21.1.4 Key Strategies
21.2 Art-list
  21.2.1 Business Overview
  21.2.2 Product Offerings
  21.2.3 Key Strengths
  21.2.4 Key Strategies
21.3 Audiosocket
  21.3.1 Business Overview
  21.3.2 Product Offerings
  21.3.3 Key Strengths
  21.3.4 Key Strategies
21.4 Bensound
  21.4.1 Business Overview
  21.4.2 Product Offerings
  21.4.3 Key Strengths
  21.4.4 Key Strategies
21.5 Dreamstime
  21.5.1 Business Overview
  21.5.2 Product Offerings
  21.5.3 Key Strengths
  21.5.4 Key Strategies
21.6 FyrFly-SongFreedom
  21.6.1 Business Overview
  21.6.2 Service Offerings
  21.6.3 Key Strength
  21.6.4 Key Strategy
21.7 Jamendo
  21.7.1 Business Overview
  21.7.2 Product Offerings
  21.7.3 Key Strengths
  21.7.4 Key Strategies
21.8 Motion Array
  21.8.1 Business Overview
  21.8.2 Service Offerings
  21.8.3 Key Strengths
  21.8.4 Key Strategies
21.9 Music Vine
  21.9.1 Business Overview
  21.9.2 Product Offerings
  21.9.3 Key Strengths
  21.9.4 Key Strategies
21.10 VIDEVO
  21.10.1 Business Overview
  21.10.2 Product Offerings
  21.10.3 Key Strengths
  21.10.4 Key Strategies
21.11 Storyblocks
  21.11.1 Business Overview
  21.11.2 Service Offerings
  21.11.3 Key Strengths
  21.11.4 Key Strategies
21.12 Soundsnap
  21.12.1 Business Overview
  21.12.2 Product Offerings
  21.12.3 Key Strengths
  21.12.4 Key Strategies
21.13 Earmotion Audio Creation
  21.13.1 Business Overview
  21.13.2 Service Offerings
  21.13.3 Key Strengths
  21.13.4 Key Strategies
21.14 Epidemic Sound
  21.14.1 Business Overview
  21.14.2 Product and Service Offerings
  21.14.3 Key Strengths
  21.14.4 Key Strategies
21.15 Pond5
  21.15.1 Business Overview
  21.15.2 Product Offerings
  21.15.3 Key Strengths
  21.15.4 Key Strategies
21.16 MusicRevolution
  21.16.1 Business Overview
  21.16.2 Product Offerings
  21.16.3 Key Strengths
  21.16.4 Key Strategy
21.17 Marmoset
  21.17.1 Business Overview
  21.17.2 Product Offerings
  21.17.3 Key Strengths
  21.17.4 Key Strategies
21.18 Soundstripe
  21.18.1 Business Overview
  21.18.2 Product Offerings
  21.18.3 Key Strengths
  21.18.4 Key Strategies
21.19 Neosounds
  21.19.1 Business Overview
  21.19.2 Product Offerings
  21.19.3 Key Strengths
  21.19.4 Key Strategies
21.20 The Music Case
  21.20.1 Business Overview
  21.20.2 Product Offerings
  21.20.3 Key Strengths
  21.20.4 Key Strategies

22 REPORT SUMMARY

22.1 Key Takeaways
22.2 Strategic Recommendations
22.3 Quantitative Summary

23 APPENDIX

23.1 Abbreviations

LIST OF EXHIBITS

Exhibit 1 Segmentation of Global Stock Music Market
Exhibit 2 Market Size Calculation Approach 2018
Exhibit 3 The Case for Stock Music
Exhibit 4 Cross-border Data Flows 2018
Exhibit 5 State of Globalization: Past vs. Present
Exhibit 6 Impact of Rise of Independent Content Creators
Exhibit 7 Impact of The Podcast Renaissance
Exhibit 8 Global Podcast Statistics
Exhibit 9 Impact of Audio-based User Experiences Gaining Traction
Exhibit 10 Audio Technology: An Overview 2018
Exhibit 11 Impact of Growing Popularity of Sound Design-first Approach
Exhibit 12 ASMR: An Overview 2018
Exhibit 13 Impact of Growth of TV Style Programming
Exhibit 14 Statistics for Social Video and Video-on-Demand 2018
Exhibit 15 Impact of Stories Without Sounds
Exhibit 16 Silent Video Statistics 2018
Exhibit 17 Impact of Massive Profusion of Choice
Exhibit 18 Impact of Generic Music Sweeps the Market
Exhibit 19 Impact of Increasing Investment in Custom Music
Exhibit 20 Impact of Simplifying Licensing
Exhibit 21 Impact of Increasing Intuitiveness of Filters
Exhibit 22 Impact of Growth of Platform Integrations
Exhibit 23 Impact of Authenticity Comes to the Forefront
Exhibit 24 Authenticity Statistics 2018
Exhibit 25 Impact of Immersive Sound Design Gains Ground
Exhibit 26 Global Stock Music Market 2018–2024 ($ million)
Exhibit 27 Five Forces Analysis 2018
Exhibit 28 Incremental Growth by Product 2018–2024
Exhibit 29 Global Stock Music Market by Product ($ million)
Exhibit 30 Global Stock Music Market by Product 2018 & 2024
Exhibit 31 Global Stock Music Market Growth Comparison by Product 2018–2024
Exhibit 32 Global Track Stock Music Market 2018–2024 ($ million)
Exhibit 33 Global Sound Effects Stock Music Market 2018–2024 ($ million)
Exhibit 34 Incremental Growth by End-user 2018–2024 ($ million)
Exhibit 35 Global Stock Music Market by End-users 2018−2024 ($ million)
Exhibit 36 Global Stock Music Market by End-users 2018−2024
Exhibit 37 Global Large Businesses Stock Music Market 2018–2024 ($ million)
Exhibit 38 Global SMEs Stock Music Market 2018–2024 ($ million)
Exhibit 39 Global Individual Content Creators Stock Music Market 2018–2024 ($ million)
Exhibit 40 Incremental Growth by License 2018–2024
Exhibit 41 Global Stock Music Market by License ($ million)
Exhibit 42 Global Stock Music Market by License 2018 & 2024
Exhibit 43 Global Stock Music Market Growth Comparison by License 2018–2024
Exhibit 44 Global Licensed Stock Music Market 2018–2024 ($ million)
Exhibit 45 Global Royalty-free Stock Music Market 2018–2024 ($ million)
Exhibit 46 Incremental Growth by Geography 2018–2024
Exhibit 47 Global Stock Music Market by Geography 2018
Exhibit 48 Global Stock Music Market by Geography 2024
Exhibit 49 Stock Music Market in North America 2018–2024 ($ million)
Exhibit 50 North America Statistics by Application 2018
Exhibit 51 Incremental Growth in North America 2018–2024
Exhibit 52 Stock Music Market in US 2018–2024 ($ million)
Exhibit 53 Advertising Statistics in US 2017
Exhibit 54 Largest Spenders on Advertising 2017
Exhibit 55 Stock Music Market in Canada 2018–2024 ($ million)
Exhibit 56 Digital Media Statistics in Canada 2018
Exhibit 57 Stock Music Market in APAC 2018–2024 ($ million)
Exhibit 58 APAC Statistics by Application 2018
Exhibit 59 Incremental Growth in APAC 2018–2024
Exhibit 60 Stock Music Market in China 2018–2024 ($ million)
Exhibit 61 Stock Music Market in Japan 2018–2024 ($ million)
Exhibit 62 Stock Music Market in India 2018–2024 ($ million)
Exhibit 63 Stock Music Market in South Korea 2018–2024 ($ million)
Exhibit 64 Global Stock Music Market in Europe 2018–2024 ($ million)
Exhibit 65 Europe Statistics by Application 2018
Exhibit 66 Incremental Growth in Europe 2018–2024
Exhibit 67 Stock Music Market in UK 2018–2024 ($ million)
Exhibit 68 Stock Music Market in Germany 2018–2024 ($ million)
Exhibit 69 Stock Music Market in France 2018–2024 ($ million)
Exhibit 70 Stock Music Market in Italy 2018–2024 ($ million)
Exhibit 71 Global Stock Music Market in ROW 2018–2024 ($ million)
Exhibit 72 ROW Statistics by Application 2018
Exhibit 73 Incremental Growth in ROW 2018–2024
Exhibit 74 Stock Music Market in UAE 2018–2024 ($ million)
Exhibit 75 Stock Music Market in South Africa 2018–2024 ($ million)
Exhibit 76 Stock Music Market in Brazil 2018–2024 ($ million)

LIST OF TABLES

Table 1 Key Caveats
Table 2 Currency Conversion 2013−2018
Table 3 Pros and Cons of Stock and Custom Music
Table 4 Most Popular Genres of Video Games in the US by Game Sales 2018
Table 5 Market Ranking Analysis 2018
Table 6 Audio Network: Product Offerings
Table 7 Getty Images: Product Offerings
Table 8 Shutterstock: Product Offerings
Table 9 Musicbed: Service Offerings
Table 10 Envato: Product Offerings
Table 11 Global Stock Music Market by Product ($ million)
Table 12 Global Stock Music Market by Product (%)
Table 13 Global Stock Music Market by License ($ million)
Table 14 Global Stock Music Market by License (%)
Table 15 Global Stock Music Market by End-user ($ million)
Table 16 Global Stock Music Market by End-user (%)
Table 17 Global Stock Music Market by Geography ($ million)
Table 18 Global Stock Music Market by Geography (%)
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