North America 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 (U.S. and Canada) - Trends, Analysis and Forecast till 2034

Report Code: PMI539824 | Publish Date: June 2024 | No. of Pages: 136

North America Stock Music Market Overview

North America Stock Music Market Size was valued at USD 0.60 Billion in 2024 and is projected to grow at a CAGR of 8.8% to reach USD 1.29 Billion by 2034.

The North American stock music market has seen substantial growth, reflecting the evolving needs of content creators and the expanding digital media landscape. Stock music, which provides pre-licensed tracks for various uses, has become a cornerstone for creators seeking cost-effective and legally sound musical content for their projects. This market encompasses various genres and styles, catering to diverse media forms, from films and television shows to advertisements and online videos.

North America Stock Music Market Dynamics

Key Drivers of Target Market:

Surge in Digital Content Creation

One of the primary drivers of the North American stock music market is the rapid increase in digital content creation. With the proliferation of platforms such as YouTube, TikTok, and Instagram, there is an unprecedented demand for accessible, high-quality music to accompany video content. Creators from independent vloggers to professional production companies rely on stock music to enhance their projects, ensuring their content stands out and engages viewers effectively.

Technological Advancement

Technological advancements have significantly contributed to the growth of the stock music market. AI and machine learning innovations have revolutionized how users search for and utilize stock music. These technologies enable more precise music recommendations, customization options, and seamless integration into various editing software, making it easier for creators to find and use the perfect tracks for their projects. As a result, the stock music industry has become more accessible and efficient, attracting a broader audience.

Restrains:

Complex Licensing and Copyright Issues

Despite its growth, the North American stock music market faces challenges, particularly concerning licensing and copyright issues. The complexities of music licensing agreements can be daunting for creators, leading to potential legal risks if not managed correctly. Additionally, there is a growing awareness and scrutiny over copyright compliance, which can deter some users from utilizing stock music out of fear of inadvertently infringing on intellectual property rights. This factor underscores the need for more transparent, more straightforward licensing processes to maintain market momentum.

North America Stock Music Market Segmentation

North America Stock Music Market is segmented based on Type, Application, End-Users and North America Region.

North America Stock Music Market Report Scope:

Attribute

Details

Market Size 2024

USD 0.60 Billion

Projected Market Size 2034

USD 1.29 Billion

CAGR Growth Rate

8.8%

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 analyzes the latest industry trends and opportunities in each sub-segments from 2023 to 2034. For the purpose of this study, has 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:

  • U.S
  • Canada

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.

North America 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.

North America 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
    • North America
      • 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
        • U.S
        • Canada
  8. 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 North America Stock Music Market is segmented into Type, Application, End User and North America Region.

Surge in digital content creation and technological advancements.

By Country, the Stock Music Market is segmented into U.S and Canada, U.S is expected to dominate the Market due to Large Number of Investments.

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.