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SOUTH ASIA STOCK MUSIC MARKET ANALYSIS

South Asia Stock Music Market, by Type (Royalty-free Stock Music and Licensed Stock Music), by Application (Film Soundtracks, Advertising, Online Content, Gaming, Television and Radio Broadcasts, Corporate and Educational Presentations, and Others), by End User (Large Enterprises, SMEs, and Individual Content Creators), and by Country (India, Sri Lanka, Bangladesh, Pakistan, Nepal, and Rest of South Asia) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Market Challenges And Opportunities

COVID-19 has significantly declined market revenue and disrupted almost all the industries including oil and gas, manufacturing, automotive, consumer electronics, clothing & textile, food & beverage, aerospace & defense, construction, and others. To combat COVID-19 pandemic, most of the countries implemented lockdown and are now easing it phase-wise and industry wise. According to Coherent Market Insights’ (CMI) analysis, the pandemic also affected the music industry and music revenue dropped by almost 25% in 2020, owing to the fact that the pandemic disturbed the TV/film production and hampered the advertisement demand.

Restraints & Challenges:
  • Music piracy is a biggest threat to the stock music market growth

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