Small Businesses to boost Royalty free Music Market | AriztonArizton’s recent research report on the global stock music market provides a comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by products (tracks and sound effects), license (royalty-free and licensed music), end-user (large business, SMEs, individual content creators), and geography (North America, APAC, Europe, and ROW).
The global stock music market is expected to generate revenue of around $1.5 billion by 2024, growing at a CAGR of around 9% during 2018-2024.
The stock music market is touching new heights and is expected to flourish in the coming years due to simplification of the licensing process, growth of platform integration, and the growing popularity of the sound design-first approach.
Request for a Free Sample!
Modularity has become increasingly relevant in the stock music market place
In 2018, the global royalty free music market by track was estimated at around $ 721.8 million. Currently, the industry is undergoing a paradigm shift. The low-quality stock music that once dominated the industry kept musicians out of the game, thereby keeping track quality low. However, as emerging business models harmonize the quality and price, genuine composers are re-entering the field and raising the standard of the industry.
Emerging businesses are harmonizing the quality and price, and genuine composers are re-entering the field to raise the standard of the industry, which is contributing to the growth of the royalty free music market. Further, 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.
Several vendors are turning toward offering complete music solutions/brand soundtracks for hotels, stores, exhibitions, and other public areas, wherein they schedule, license, update and handle the technicalities for end-users.
Growing Number of Small Businesses to Boost Royalty Free Music
Small businesses are dominating the world business sector. Japan, India, and South Africa have the highest proportion of SMEs, and they are growing rapidly in India and China. The growth of online radio services has fuelled small business advertising via audio channels as it offers reliability by allowing tracking and targeting, which is boosting the royalty free music market globally. Further, SMEs are more engaged in new marketing practices than larger firms, they are likely to explore innovative forms of marketing to push their product or service forward. Thus, utilizing audio as part of their branding will further the use of stock music.
Licensed music is gaining prominence due to high quality and easy user interface
The licensed segment captured more than half of the royalty free music market in 2018. The music licensing industry is witnessing progressions and innovations. Consistency in terms of better standards has kept the demand for licensed music stable and is expected to continue during the forecast period. The licensed music market is expected to witness promising growth prospects as the community grows tight knitted and is evolving as a whole. Some platforms are acting as base builders for artists - upcoming artists allow the use of their music for free provided they are credited for the track.
Audio Network, Getty Images, Shutterstock, Musicbed, and Envato are identified as prominent vendors in the royalty free music market.
Request for a Free Sample!
The complete overview of the latest market research report on the royalty free music market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
About Arizton Advisory & Intelligence
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Small Businesses to boost Royalty free Music Market | Arizton here
News-ID: 1795034 • Views: 212
More Releases from Arizton Advisory & Intelligence
Explore Strong Expansion in the Pet Supplement Market Across the US and Europe w …
Arizton provides an in-depth market insights report on the US pet supplements market and Europe pet supplements market. Arizton provides information related to the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. These reports provide a comprehensive and current market scenario of the wound care market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends.
Unlock Tremendous Growth Opportunities in the Cell & Gene Therapy Market Across …
Arizton provides an in-depth market insights report on the Europe cell & gene therapy market, Germany cell & gene therapy market, and the US cell & gene therapy market. Arizton provides information related to the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. This report provides a comprehensive and current market scenario of the cell & gene therapy market, including
The US, Europe, & APAC to Create More than $1.5 Billion Opportunities in the Vac …
Arizton provides an in-depth market insights report on the U.S. vaccine packaging market, Europe vaccine packaging market and APAC vaccine packaging market. Arizton provides information related to the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. These reports provides a comprehensive and current market scenario of the vaccine packaging market across various regions, including market size, anticipated market forecast, relevant
Get In-Depth Insight on Contract Catering Market Across the US and Europe - Excl …
Arizton provides an in-depth market insights report on the U.S. contract catering market and Europe contract catering market. Arizton provides information related to the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. These reports provide a comprehensive and current market scenario of the contract catering market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends. Nutrition-Based
More Releases for SMEs
Cyber Check: Cyber Risk Screening for SMEs
CRIF Decision Solutions has launched Cyber Check (powered by KYND's cyber risk technology) to provide small and medium size enterprises [SMEs] with an economically viable service to allow them to rapidly identify their cyber risk vulnerabilities. Available as a one off assessment or regular monitoring, Cyber Check undertakes immediate screening and instantly provides a report detailing the company's cyber risk exposure. The service is quick and easy to use and IT
How free software can benefit SMEs
Intuitive, easy and quick. MEDUSA4 Personal for small companies is impressive whichever way you look at it Cambridge, UK and Pittsford, NY – 2 November 2016: A modern design, new functions and more possibilities for commercial use make the free CAD software ideal for day-to-day use in construction and planning. Big benefits for small companies Companies producing construction drawings and plans can use MEDUSA4 Personal's complete range of functions free of charge. If
60% of Polish SMEs use IT services
Approx. 60% of small and medium sized enterprises use IT services in Poland. Some 30% of SMEs declare to employ people responsible for IT. The number of portable computers used by SMEs has been growing. On average, there are five such computers per one SME. The proportion of companies which use EU funds to finance ICT development has gone down over the last two years. Use of IT services According to the
IndiaMART.com Triggers Global Growth Prospects for SMEs
- In association with TiE organises SME Conference 2011 on "Going Beyond India — Competing in a Globalized Economy" - Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com says competitive & resilient SMEs are quintessential for economic growth -Prof. Suresh Tendulkar shares macro perspective on enhancing global competitiveness in SMEs -Hon'ble Secretary Ministry of MSMEs Mr. Uday Kumar Varma says the new decade belongs to SMEs -Packed hall acclaims the Conference New Delhi, 31st January, 2010:
IndiaMART.com Brings Large Scale Exposure to SMEs
-Ties-up with two prestigious trade expositions - IndiaMART Plast Show 2010 & PackPlus 2010 -Aims to mobilise growth possibilities for the SMEs in the plastic machinery and the packaging sectors New Delhi, 27th November, 2010: Triggering future growth prospects for small and medium scale enterprises in the plastic machinery and the packaging sectors, IndiaMART.com, India's largest online B2B marketplace, has decided to partner with two specialised trade events Plast Show 2010 and
IndiaMART.com Enriches SMEs with Power of Internet
First-of-its kind report on Internet & SMEs to be unveiled at 'Free for SMEs' Conference - FISME to ardently support the conference - Erudite speakers to share valuable information - Importance & scope of mobile marketing for SMEs also to be highlighted New Delhi, 2nd July 2010: With global economy becoming increasingly reliant on Information and Communication Technology (ICT) for undertaking various businesses, Indian Small and Medium Enterprises (SMEs) too are expected to