Stock music market will register an annual growth rate of 6.52% in 2022, evolving opportunities Artlist Ltd., Audio Network Ltd. and Bensound

NEW YORK, July 18, 2022 /PRNewswire/ — The music stock market the size should increase by $505.24 million from 2021 to 2026, progressing to a CAGR of 7.31% according to Technavio’s latest market forecast report. The music stock market is fragmented and sellers are deploying growth strategies such as introducing different pricing policies and music varieties to compete in the market. Adobe Inc., Artlist Ltd., Audio Network Ltd., Bensound, Earmotion Audio Creation GmbH, Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., HookSounds, Marmoset LLC, Music Vine Ltd., MusicRevolution LLC, NEO Sounds Ltd . ., Pixabay GmbH, Shutterstock Inc., Smartsound LLC, SoundCloud Global Ltd. And Co. KG, THE LICENSE LAB LLC and Trad Ventures LLC are some of the major players in the market.

Technavio has announced its latest market research report titled Stock Music Market by License Model and Geography – Forecast and Analysis 2022-2026

  • Audio Network Ltd. – The company offers royalty-free music with different musical styles such as disco, reggae and jazz.

  • Artlist Ltd. – The company offers stock music based on mood, genre, instrument, and theme.

  • Benson-The company offers royalty free music with different musical styles such as disco, jazz, acoustic and kids for social media.

  • Envato Pty Ltd –The company offers royalty-free music with various musical styles through its subsidiary Envato Elements Pty Ltd.

  • Epidemic Sound AB –The company offers royalty-free stock music for personal content, commercial content, and corporate content

  • To access all supplier profiles with their key offers available with Technavio – Click now!

Stock Music Market 2022-2026: Scope

Our music stock market report covers the following areas:

Stock Music Market 2022-2026: Segmentation Analysis

  • Geography

  • Regional highlight:41% of market growth will come from North America during the forecast period. The United States is the key market for stock music North America. The growth of the market in this region will be faster than the growth of the market in Europe and MEA. Presence of several music publishers and music streaming service providers and strong purchasing ability of the people in countries like the United States will facilitate the growth of the market in North America over the forecast period.

  • License model

  • Revenue generating segment: Market share growth in the RF segment will be important for revenue generation. RF refers to the right to use copyrighted materials without paying royalties or license fees. The advent of RF music has allowed the use of legal music in video or sound productions. It provided producers with legal access to a range of musical content without the need to illegally use copyrighted music.. As the cost of RF music is lower than that of RM music, the affordability of RF music will drive the growth of the segment over the forecast years.

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Stock Music Market 2022-2026: Market Dynamics

  • Drivers: The growing adoption of the subscription model, the growing adoption of digital music, and the popularity of audio and video streaming will provide immense opportunities for growth.

  • Challenges: Lack of ownership of streaming music and associated issues with integration, intense competition, inconsistent user preferences and illegal downloading of music tracks will test the growth of market players.

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Stock Music Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • In-depth information on factors that will contribute to the growth of the Stock Music Market over the next five years

  • Estimation of the stock music market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the music stock market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Complete details of factors that will test the growth of music stock market sellers

Related reports:

  • The recorded music market the size is expected to reach USD 21.40 billion from 2021 to 2026 at a CAGR of 13.27%.

  • The online cinema market share is expected to increase by $17.94 billion from 2021 to 2025 at a CAGR of 19.50%.

Stock Music Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 7.31%

Market Growth 2022-2026

$505.24 million

Market structure

Fragmented

Annual growth (%)

6.52

Regional analysis

North America, Europe, APAC, South America, Middle East and Africa

Successful market contribution

North America at 41%

Main consumer countries

United States, Japan, China, United Kingdom and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Adobe Inc., Artlist Ltd., Audio Network Ltd., Bensound, Earmotion Audio Creation GmbH, Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., HookSounds, Marmoset LLC, Music Vine Ltd., MusicRevolution LLC, NEO Sounds Ltd . ., Pixabay GmbH, Shutterstock Inc., Smartsound LLC, SoundCloud Global Ltd. And Co. KG, THE LICENSE LAB LLC and Trad Ventures LLC

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Licensing Model

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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