Asia Pacific Stock Music Market Size, Share, 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) and By Country (India, Japan, South Korea, China and Rest of Asia Pacific) - Trends, Analysis and Forecast till 2034

Report Code: PMI539624 | Publish Date: June 2024 | No. of Pages: 116

Asia Pacific Stock Music Market Overview

Asia Pacific Stock Music Market Size was valued at USD 0.30 Billion in 2024 and is projected to grow at a CAGR of 9.2% to reach USD 0.64 Billion by 2034.

The Asia Pacific Stock Music industry stands at the intersection of creativity and commerce, serving as a vital resource for content creators, advertisers, and filmmakers across the region. Stock music, comprising an extensive library of pre-produced audio tracks available for licensing, fuels the soundtrack of various multimedia projects, from commercials to films and online videos. Understanding the underlying factors driving this industry's growth and the challenges it faces provides valuable insights into the evolving landscape of media production and consumption in the Asia Pacific region.

Asia Pacific Stock Music Market Dynamics

Key Drivers of Target Market:

Rapid Digitalization

The region's rapid digitalization is a primary driver propelling the growth of the Asia Pacific Stock Music industry. As internet penetration expands and digital content consumption surges, the demand for high-quality audio assets escalates accordingly. Stock music platforms offer convenient access to a diverse range of licensable tracks, catering to content creators seeking affordable and royalty-free music solutions. The proliferation of digital platforms and online marketplaces further facilitates the distribution and monetization of stock music, fostering industry growth in the Asia Pacific region.

Increasing Demand for Video Content

Another key driver shaping the Asia Pacific Stock Music industry is the escalating demand for video content across various digital platforms. With the rise of social media, streaming services, and online advertising, businesses, and content creators increasingly leverage video as a primary medium for communication and engagement. Stock music is integral in enhancing the emotional impact and narrative cohesion of video productions, driving demand for licensable audio tracks. As video consumption continues to soar, fueled by changing consumer preferences and technological advancements, the Asia Pacific Stock Music industry is poised to experience sustained growth with the burgeoning demand for video content.

Restrains:

Copyright and Licensing Challenges

Despite the industry's growth potential, copyright and licensing challenges pose significant constraints for the Asia Pacific Stock Music market. Ensuring proper clearance and licensing of music tracks to comply with intellectual property laws and usage rights can be complex and time-consuming. Moreover, the diverse regulatory landscape across countries within the Asia Pacific region adds another layer of complexity to licensing agreements and copyright enforcement. As a result, navigating legal requirements and securing appropriate licenses for stock music usage remains a persistent challenge for content creators and businesses, potentially hindering the market's expansion in the region.

Asia Pacific Stock Music Market Segmentation

The Asia Pacific Stock Music Market is segmented based on Type, Application, End-Users and Asia Pacific Region.  

Asia Pacific Stock Music Market Report Scope:

Attribute

Details

Market Size 2024

USD 0.30 Billion

Projected Market Size 2034

USD 0.64 Billion

CAGR Growth Rate

9.2%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

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 User - Small & Medium Enterprises, Large Enterprises, and Individual Content Creators

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. For the purpose of this study segmented the Stock Music Market report based on Type, Application, End User, and Country:

Segmentation:

By Type:

  • Licensed Stock Music
  • Royalty-free Stock Music

By Application:

  • Advertising
  • Gaming
  • Film Soundtracks
  • Television & Radio Broadcasts
  • Others

By End User:

  • Small & Medium Enterprises
  • Large Enterprises
  • Individual Content Creators

By Country:

  • India
  • Japan
  • South Korea
  • China
  • Rest of Asia Pacific

Asia Pacific 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.

Asia Pacific Stock Music Market Company Profile

  • EPIDEMIC SOUND, Inc. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Audio Network Limited
  • Shutterstock Inc.  
  • ENVATO ELEMENTS PTY LTD.
  • SoundCloud Ltd., Ltd.
  • The Music Bed LLC.  
  • POND5 INC., INC.
  • Music Vine Limited.         

"*" marked represents similar segmentation in other categories in the respective section.

Asia Pacific Stock Music Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Country
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, By Type, Forecast Period Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Licensed Stock Music
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Royalty-free Stock Music
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  5. Market Segmentation, Application, Forecast Period Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Advertising
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Gaming
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Film Soundtracks
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Television & Radio Broadcasts
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  6. Market Segmentation, End User, Forecast Period Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Small & Medium Enterprises
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Large Enterprises
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Individual Content Creators
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  7. Market Segmentation, By Country, Forecast Period Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
    • EPIDEMIC SOUND
    • Audio Network Limited
    • Shutterstock Inc.  
    • ENVATO ELEMENTS PTY LTD.
    • SoundCloud Ltd., Ltd.
    • The Music Bed LLC.  
    • POND5 INC., Inc.
    • Music Vine Limited.   

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Asia Pacific Stock Music Market is segmented into Type, Application, End User and Asia Pacific Region.What is the scope of the Stock Music Market research report?

Rapid digitalization and increasing demand for video.

The Stock Music Market is segmented by country into India, Japan, South Korea, China, and the Rest of Asia Pacific. India is expected to dominate the Market due to its large number of Content Creators.

The key players operating the Stock Music Market include EPIDEMIC SOUND, Audio Network Limited, Shutterstock Inc., ENVATO ELEMENTS PTY LTD., SoundCloud Ltd., Ltd., The Music Bed LLC., POND5 INC., INC., Music Vine Limited.