Global Stock Music Market 2023-2027
Technavio has been monitoring the stock music market and is poised to grow by $664.36 mn from 2023-2027, accelerating at a CAGR of 7.94% during the forecast period. Our report on the stock music market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising adoption of subscription models, the increasing adoption of digital music, and the popularity of audio and video streaming.
Technavio's stock music market is segmented as below:
By Geographical Landscape
- North America
- South America
- Middle East and Africa
This study identifies the expanding variety of stock music as one of the prime reasons driving the stock music market growth during the next few years. Also, the success of new revenue generation streams and the increasing adoption of digital audio workstations (DAW) will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the stock music market covers the following areas:
- Stock music market sizing
- Stock music market forecast
- Stock music market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stock music market vendors that include Addictive Tracks Ltd., Adobe Inc., Artlist Ltd., Audio Network Ltd., Bensound, Envato Pty Ltd., Epidemic Sound AB, Filmstro Ltd., 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. Also, the stock music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.