Stock Music Market Overview
Stock Music is referred to as library music, royalty-free music, or production music, which is specifically recorded to be licensed for use in videos. Stock music is less expensive and is of two types such as royalty-free stock music, which is of lower costs and covers ongoing royalties.
Growing demand for video and audio streaming has significantly contributed to market growth. The rising adoption of digital technologies coupled with increased use of digital entertainment, expansion of media production in film & television, corporate videos, and advertising & gaming has further driven the demand for market growth. Technological advancement and innovation in stock music platforms are expected to fruitful the need for Stock Music Market growth over the forecast period.
Attributes |
Details |
Stock Music Market Value (2022) |
US$ 1.3Bn |
Stock Music Market Projected Value (2032) |
US$ 2.9Bn |
Stock Music Market CAGR (2022 – 2032) |
8.8% |
Stock Music Market Dynamics
Rise in Individual Content Creators to Fuel Market Growth
The rise in individual content creators has become a leading factor in Stock Music market growth. The growing adoption of digital technologies and surge in demand for smartphones, coupled with the growing internet use, has further facilitated the demand for market growth. Growing individual content creators such as YouTubers, filmmakers, and videographers need high-quality music to enrich their productions which in turn is likely to propel market growth. The convenient and cost-effective stock music solution for content creators saves money and time by making it a more attractive option for their business growth.
For instance, in February 2023, YouTube launched a new marketplace, “Creator Music,” to all YouTube Partner Program participants in the United States. The newly launched Creator Music platform is a commercial music licensing resource that enables creators to choose a track by offering options for revenue-sharing where both right holders and creators can earn money from music.
Restrains:
However, copyright and licensing challenges, potential legal issues for content creators, and lack of authenticity have restrained the Stock Music Market growth. The emergence of free-to-use music resources has become challenging to traditional stock music libraries, which has hampered the demand for Stock Music market growth.
Stock Music Market Segmentation
Stock Music Market is segmented based on Type, Application, End-Users and Region.
Type Insight
On the basis of Type Stock Music Market is segmented into Licensed Stock Music and Royalty-free Stock Music. Royalty-free Stock Music type segment is expected to dominate the target market growth due to its popularity and easier to use.
Application Insights
On the basis of Application, Stock Music Market is segmented into Advertising, Gaming, Film Soundtracks, Television & Radio Broadcasts, and Others. Film Soundtracks application segment is expected to dominate the target market growth due to its growing popularity and creation of powerful emotional response in viewer to feel attachment to music.
End-Users Insights
On the basis of End-Users, Stock Music Market is segmented into Small & Medium Enterprises, Large Enterprises, and Individual Content Creators. Individual Content Creators end-users segment is expected to dominate the target market growth due to growing demand for royalty-free and stock music.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Stock Music Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Growing audio-based user experience and rising demand for podcasts at home entertainment is anticipated to increase demand for Stock Music in the region.
Report Scope:
Attribute |
Details |
Base year for estimation |
2022 |
Forecast period |
2022 – 2032 |
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
Market Segmentation |
By Type - Licensed Stock Music and Royalty-free Stock Music By Application - Advertising, Gaming, Film Soundtracks, Television & Radio Broadcasts, and Others By End-Users - Small & Medium Enterprises, Large Enterprises, and Individual Content Creators |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Stock Music Market report based on Type, Application, End-Users and Region:
Stock Music Market, By Type:
- Licensed Stock Music
- Royalty-free Stock Music
Stock Music Market, By Application:
- Advertising
- Gaming
- Film Soundtracks
- Television and Radio Broadcasts
- Online Content
- Corporate and Educational Presentations
- Others
Stock Music Market, By End-Users:
- Small & Medium Enterprises
- Large Enterprises
- Individual Content Creators
Stock Music Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Stock Music Market Key Players
The key players operating the Stock Music Market includes, Epidemic Sound, Audio Network Limited, Shutterstock Inc., Envato Elements Pty Ltd., SoundCloud Ltd., The Music Bed LLC., Pond5 Inc., Music Vine Limited., Soundstripe Inc., Jamendo and Others.
Stock Music Market Company Profile
- Epidemic Sound*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Audio Network Limited
- Shutterstock Inc.
- Envato Elements Pty Ltd.
- SoundCloud Ltd.
- The Music Bed LLC.
- Pond5 Inc.
- Music Vine Limited.
- Soundstripe Inc.
- Jamendo
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In August 2023, Audiio launched new stock music library “Originals” to add new original tracks at their platform. This new launched project will enable music licensing platform to add exclusive songs from leading producers of music to its extensive library. The new launched project is a collaboration between different sync artists and company, the new exclusive tracks of 20 items includes modern and hip-hop cinematic compositions.
- In November 2022, PremiumBeat launched new stock music subscription plan to save time and money in getting high-quality of music tracks for projects. The new launched subscription plan offers five tracks per month with standard license for $64.95 per month. The PremiumBeat new stock music subscription has become a high-quality stock music for pro content creators.
Stock Music Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Stock Music Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Licensed Stock Music
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Royalty-free Stock Music
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Stock Music Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Advertising
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Gaming
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Film Soundtracks
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Television & Radio Broadcasts
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Stock Music Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Small & Medium Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Large Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Individual Content Creators
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Stock Music Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
-
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
-
-
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
-
-
-
-
- GCC
- Israel
- South Africa
- Rest of Middle East
-
-
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Epidemic Sound
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Audio Network Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shutterstock Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Envato Elements Pty Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SoundCloud Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Music Bed LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pond5 Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Music Vine Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Soundstripe Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Jamendo
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Stock Music Market is segmented into Type, Application, End-Users and Region.
Stock Music Market is driven by factors like rise in individual content creators.
By region, the Stock Music Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Stock Music Market includes, Epidemic Sound, Audio Network Limited, Shutterstock Inc., Envato Elements Pty Ltd., SoundCloud Ltd., The Music Bed LLC., Pond5 Inc., Music Vine Limited., Soundstripe Inc., Jamendo and Others.
Stock Music Market accounted for US$ 1.3 billion in 2022 and is estimated to be US$ 2.9 billion by 2032 and is anticipated to register a CAGR of 8.8%.