Stock Video Market size to grow by USD 319.3 million from 2022 to 2027 | The benefits of using stock videos for visual content creation to boost market growth - Technavio
NEW YORK, Sept. 5, 2023 /PRNewswire/ -- The stock video market size is expected to grow by USD 319.3 million from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 7.65% during the forecast period. The benefits of using stock videos for visual content creation are notably driving the stock video market. However, factors such as the High price of stock videos may impede market growth. The market is segmented by application (editorial and commercial) and geography (North America, Europe, APAC, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Key Segment Analysis
The market is segmented by application (editorial and commercial), image source (macro stock and microstock), and license Model (RM and RF).
The editorial segment is estimated to witness significant growth during the forecast period. The type of content that is not subject to legal rights regarding the granting of licenses for commercial use shall be editorial content. In addition, the sale, promotion, and marketing of businesses or products is not possible through editorial content. Stock video may only be used if the content is intended exclusively to inform, educate, or entertain.
Furthermore, the use of stock video for editorial purposes is used in media such as news reports, documentary films, personal blogs, and other noncommercial uses. An explanatory editorial video, illustrating the issue through an arrangement, is a very important form of editorial stock video. The use of editorial videos to illustrate stories, ideas, or concepts which may be used for illustrative purposes such as highlighting current events and news or human-interest stories is useful in terms of creative expression. Hence, these factors are expected to drive segment growth during the forecast period.
Geographical Market Analysis
By geography, the market is segmented by North America, Europe, APAC, Middle East and Africa, and South America.
North America is estimated to contribute 51% to the growth of the global market during the forecast period. One of the main drivers for growing the market for stock videos in the region is the presence of many video streaming sites based in this region. There are multiple stocks of video footage for different categories, like nature, business, sports, and lifestyle, available on these platforms. In addition, the strong entertainment industry in the USA is a major factor that has contributed significantly to the region's success in the stock video market.
For example, the epicenter of the global film and television industry is Hollywood, a town in Los Angeles, USA. The American market dominance in video stock continues to grow because of technological progress in the country. Furthermore, the development of high-quality cameras, software to edit the video, and Visual Effects technology has made it possible for US content creators to make videos that are both visually appealing and professionally produced. Hence, these factors are expected to drive market growth in the region during the forecast period.
View the PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
The stock images market is estimated to grow at a CAGR of 6.08% between 2022 and 2027. The market size is forecast to increase by USD 1,493.92 million.
The digital educational publishing market is estimated to grow at a CAGR of 16.13% between 2022 and 2027. The market size is forecast to increase by USD 14,059.19 million.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Image Source
9 Market Segmentation by License Model
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Trends
13 Company Landscape
14 Company Analysis
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 and counting, 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.
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