Global Stock Music Market Size & Share Analysis - By Product Type, By Application, By Region - Forecasts (2024 - 2031)

Market Overview and Report Coverage

Stock music refers to pre-recorded audio tracks that can be licensed for various media projects, such as films, television programs, advertisements, online videos, and podcasts. This music is often produced by composers and sound designers who provide their work to libraries or platforms where users can purchase or license it for their specific needs.

The current outlook for the stock music market is promising, driven by the increasing demand for high-quality audio in digital media. As content creation continues to proliferate across platforms such as social media, streaming services, and video production, the need for accessible, affordable music has surged.

Technological advancements and the ease of online access have further fueled this growth, making it simpler for creators to find and integrate stock music into their projects. With the growing trends in digital advertising and the expansion of video content across various industries, the Stock Music Market is expected to grow at a CAGR of 12.50% during the forecasted period. This trend suggests a vibrant future for stock music, positioning it as an essential resource for creators and marketers alike.

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Market Segmentation 2024 to 2031

The Stock Music Market Analysis by types is segmented into:

• Royalty free (RF)
• Rights managed (RM)

The stock music market features two primary types: Royalty-Free (RF) and Rights Managed (RM). RF music allows users to pay a one-time fee for unlimited usage, making it budget-friendly for projects like videos and presentations. In contrast, RM music is licensed for specific uses and requires negotiating fees based on factors such as distribution and duration. This model offers more control for the creator but can be costlier and complex, catering to projects that need unique music solutions.

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The Stock Music Market Industry Research by Application is segmented into:

• Editorial
• Commercial

The stock music market comprises two main segments: editorial and commercial. Editorial stock music is primarily used in media such as films, television shows, and documentaries, often to enhance storytelling or set a mood without the need for licensing negotiations. In contrast, commercial stock music targets advertising and marketing, allowing businesses to use music for promotional purposes. Both sectors provide cost-effective solutions for creators, offering a vast library of pre-recorded tracks tailored to diverse audio needs.

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In terms of Region, the Stock Music Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


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What are the Emerging Trends in the Global Stock Music market?

The Stock Music market is evolving rapidly due to various trends:

- **AI-Powered Creation**: Algorithms are being used to generate music quickly, catering to specific needs and preferences, making music creation more accessible.



- **Subscription Models**: Consumers prefer subscription services for affordable access to vast libraries, driving companies to adopt this model.

- **Diversity and Inclusivity**: There's a growing demand for diverse music styles that reflect global cultures, pushing creators to include varied genres and artists.

- **Licensing Simplification**: Companies are streamlining licensing processes to make music usage easier for creators, enhancing user experience.

- **Integration with Social Media**: As video content thrives, stock music is increasingly tailored for platforms like TikTok and Instagram, influencing production quality and style.

These trends contribute to significant market growth, predicted to reach $12 billion by 2027, driven by innovation and changing consumer behaviors.

Stock Music Market Competitive Analysis

The stock music market has grown significantly, driven by the demand for high-quality audio for video productions, advertising, and digital content. Several key players dominate this industry, including Audio Network, Getty Images, Pond5, Shutterstock, and The Music Bed.

**Audio Network** was founded in 2001 and specializes in providing high-quality music for media and broadcast. The company has built a vast library of over 200,000 tracks, attracting clients from around the globe. Its innovative licensing model and collaborations with artists allow content creators easy access to music, contributing to its robust market growth.

**Getty Images**, a leader in visual content, entered the stock music market by acquiring companies like iStock. It offers a range of music tracks tailored to video creators, leveraging its extensive experience in digital content. The company's commitment to quality and diversity has helped it maintain a strong position in the competitive landscape.

**Pond5** is renowned for its user-generated content model and boasts one of the largest marketplaces for stock video, photography, and music. Founded in 2006, it has expanded its offerings to include over 400,000 music tracks. The platform enables creators to sell their music and offers a generous revenue share, facilitating growth and attracting a diverse group of contributors.

**Shutterstock**, known for its stock photos, has also made significant strides in the music sector, acquiring companies like PremiumBeat. With a strong focus on integration across media formats, Shutterstock offers comprehensive stock solutions, including music tracks for various applications.

While specific sales revenues vary across companies, Shutterstock reported revenue of approximately $780 million in recent years, reflecting the overall robust growth trends in the stock music market. The industry continues to expand as more creators seek affordable, high-quality audio solutions.

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