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Stock Music Market: 41% of Growth to Originate from North America, Evolving Opportunities with Artlist Ltd. & Audio Network Ltd.- Technavio

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NEW YORK, July 29, 2022 /PRNewswire/ — The stock music market size is expected to grow by USD 505.24 million from 2021 to 2026 at a CAGR of 7.31% as per the latest market report by Technavio. 41% of the market’s growth will originate from North America during the forecast period. The US is the key market for stock music in North America. Market growth in this region will be faster than the growth of the market in Europe and the MEA. The presence of several music publishers and music streaming service providers and the high spending capacity of the population in countries such as the US will facilitate the market growth in North America over the forecast period.

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

For more highlights on the regional highlights – Request a sample now!

Stock Music Market: Vendor Analysis

The stock music market is fragmented and the vendors are deploying growth strategies such as the introduction of different pricing policies and music varieties to compete in the market.

  • Artlist Ltd. – The company offers royalty-free stock music for youtube videos and other social media.

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

  • Bensound – The company offers royalty-free stock music with different musical styles such as disco, jazz, acoustic, and children for social media.

  • Envato Pty Ltd. – The company offers royalty-free stock music with different 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 enterprise content.

  • To know about all major vendor offerings – Click Now!

Read the 120- page report with TOC on “Stock Music Market Analysis Report by License model (RF and RM) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa), and the Segment Forecasts,2022-2026″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/stock-music-market-industry-analysis

Stock Music Market: Market Dynamics

  • Drivers & Trends – The stock music market is driven by the rising adoption of the subscription model. In addition, the expanding variety of stock music is anticipated to boost the growth of the Stock Music Market.

  • Challenges – The key challenges to the global stock music industry growth is the lack of ownership of streaming music and issues associated with the integration of digital music.

  • For elaborated information on the market dynamics – Grab a sample!

Stock Music Market: Segmentation Analysis

Geography Outlook (Revenue, USD Million, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • APAC – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

  • The Middle East and Africa – size and forecast 2021-2026

License Outlook (Revenue, USD Million, 2021-2026)

To know about the market contribution of each segment – Grab an exclusive Report

Get ready to achieve excellent business outcomes from this exclusive Stock Music Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Stock Music Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Stock Music Market Forecast Report –  Buy Now!

Related Reports:

  • The predicted growth for the video game market share from 2021 to 2026 is USD 73.62 billion at a progressing CAGR of 7.59%.

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

Stock Music Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.31%

Market growth 2022-2026

USD 505.24 million

Market structure

Fragmented

YoY growth (%)

6.52

Regional analysis

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

Performing market contribution

North America at 41%

Key consumer countries

US, Japan, China, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Table of Content

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.3 Market size 2021

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by License Model

  • 5.1 Market segments

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.3 Artlist Ltd.

  • 10.4 Audio Network Ltd.

  • 10.5 Bensound

  • 10.6 Envato Pty Ltd.

  • 10.7 Epidemic Sound AB

  • 10.8 Footage Firm Inc.

  • 10.9 MusicRevolution LLC

  • 10.10 Shutterstock Inc.

  • 10.12 Trad Ventures LLC

11 Appendix

  • 11.1 Scope of the report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio