Stock Music Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2028

                                                                             
Stock music, also known as library music or stock music, is recorded music that customers can licence for use in television, film, radio, and other media.

                  Stock Music Market

 
Stock music, also known as library music or stock music, is recorded music that customers can licence for use in television, film, radio, and other media. The music is frequently owned and produced by production music libraries. Digital entertainment is becoming more popular all over the world, with more people using it. Furthermore, consumer products such as digital cameras, portable music players, game consoles, and so on) aided in the growth of the electronic products music industry.

Stock music libraries provide a diverse range of music composed by various artists in a variety of moods, tempos, styles, and genres ranging from classical orchestrations to animated cartoon compositions. All of these factors are expected to fuel the global Stock Music Market's growth. The growing demand for combined modules such as system-on-a-chip and multichip will propel the global market. They are an essential component of the electronic music industry, and thus automation will benefit its global market. These items' low prices, high availability, and short delivery times generate a lot of profit for the manufacturers and have a positive impact on the overall market revenue.

During the forecast period, the individual content creators segment is expected to drive market growth. Individual content creators are expected to dominate the global stock music market among end users during the forecast period. This is due to an increase in demand for royalty-free stock music, as well as licenced stock music, which is driving segment growth during the forecast period.


Market Segmentation:

By Type
  • Royalty-free Stock Music
  • Licensed Stock Music

By Application
  • Film Soundtracks
  • Advertising
  • Online Content
  • Gaming
  • Television and Radio Broadcasts
  • Corporate and Educational Presentations
  • Others
By End User
  • Large Enterprises
  • SMEs
  • Individual Content Creators
The major players operating in the global stock music market include Audio Network Limited, Envato Elements Pty Ltd., Epidemic Sound, Pond5 Inc., Shutterstock, Inc., SoundCloud Ltd., Inmagine Lab Pte Ltd, The Music Bed LLC, Music Vine Limited, Storyblocks.com, Soundsnap, Soundstripe Inc., Bensound, Jamendo, and ProductionHUB, Inc.

Source Link: https://www.globenewswire.com/news-release/2021/08/10/2278075/0/en/Global-Stock-Music-Market-is-estimated-to-account-for-US-2-137-5-Mn-by-end-of-2028-Says-Coherent-Market-Insights-CMI.html

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