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The stock video market is projected to grow by USD 342.5 million from 2024-2028, with AI-driven benefits of stock videos boosting revenue, according – Technavio

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NEW YORK, Sept. 23, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global stock video market size is estimated to grow by USD 342.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.71%  during the forecast period.  Benefits of using stock videos for visual content creation is driving market growth, with a trend towards rise in adoption of ai and ml in stock videos  However, high price of stock videos  poses a challenge – Key market players include Adobe Inc., Alamy Ltd., Can Stock Photo Inc., Canva Pty Ltd., Depositphotos Inc., Dissolve Inc., Dreamstime, Eezy Inc., Envato Pty Ltd., Footage Firm Inc., Freepik Co. S.L, Getty Images Holdings Inc., Inmagine Lab Pte. Ltd., Lightstock LLC, Nimia Inc., Oxford Media Solutions Ltd., Pixabay GmbH, PIXTA Inc., Pond5 Inc., Science Photo Library Ltd., Shutterstock Inc., Thomson Reuters Corp., and WeVideo Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Editorial and Commercial), Image Source (Macrostock and Microstock), License Model (RM and RF), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

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

Key companies profiled

Adobe Inc., Alamy Ltd., Can Stock Photo Inc., Canva Pty Ltd., Depositphotos Inc., Dissolve Inc., Dreamstime, Eezy Inc., Envato Pty Ltd., Footage Firm Inc., Freepik Co. S.L, Getty Images Holdings Inc., Inmagine Lab Pte. Ltd., Lightstock LLC, Nimia Inc., Oxford Media Solutions Ltd., Pixabay GmbH, PIXTA Inc., Pond5 Inc., Science Photo Library Ltd., Shutterstock Inc., Thomson Reuters Corp., and WeVideo Inc.

Key Market Trends Fueling Growth

The integration of Artificial Intelligence (AI) and Machine Learning (ML) in the stock video industry has significantly transformed the way content is created, edited, and distributed. AI algorithms analyze trends, themes, and keywords to generate relevant and in-demand content efficiently. They also automate the editing process by detecting and removing unwanted elements, ensuring compliance with privacy and copyright guidelines. Additionally, AI and ML optimize video distribution by intelligently categorizing content for easy search and discovery. Pricing and licensing models have also been optimized through dynamic adjustments based on market trends and demand patterns. These advancements streamline the overall process, leading to increased efficiency, accuracy, and competitiveness in the stock video market. 

In today’s digital world, individual creators are making waves in the content market with their unique videos. Stock Video Agencies are catering to this demand by providing high-quality Stock Footage and Animation Production. Healthcare and Medical industries are increasingly using Stock Videos for Promotional Work and Marketing and Advertising. Blockchain technology is revolutionizing the way we license and Customize Options for Stock Videos. Social issues are being addressed through Creative Endeavors and Publishing on Blogs and Online Platforms. Stock Agencies offer Diversity in Visual Content for Design Projects, Social Media, Websites, Streaming Services, and Online Advertising. Technological Developments continue to enhance the Quality of Stock Videos, ensuring Copyright protection and efficient Licensing. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

Stock videos are essential visual elements for businesses to enhance their marketing strategies. However, the cost of acquiring high-quality stock videos can be significant, particularly for those with Royalty-Managed (RM) licenses. RM stock videos come with restrictions, such as time and geographical limits, and are valid for one-time use only. The prices for RM stock videos are generally higher than those of Royalty-Free (RF) stock videos. The average cost of a single stock video ranges from USD60 to USD200, depending on the resolution. Prices can vary based on the type of video content. For instance, unique and exclusive footage, such as aerial views or historical events, can cost significantly more. Some vendors offer subscription plans, allowing for multiple downloads at a discounted rate. For example, Pond5 offers a yearly subscription for ten premium videos at approximately USD840, while Videoblocks, under Footage Firm’s brand, offers unlimited premium video downloads for around USD200 per year. End-users must pay varying royalty fees to vendors depending on the type of videos purchased, which adds to the overall cost. The high prices for RM stock videos may encourage businesses to opt for RF stock videos instead, potentially impacting the growth of the global stock video market during the forecast period.Stock Video Market: Overcoming Challenges for Individual Creators and Agencies The Stock Video Market faces various challenges in today’s dynamic business landscape. Individual creators seek to stand out from the competition, while Stock Video Agencies aim to meet diverse client needs. Healthcare and Medical industries demand authentic visuals, Animation production requires technical expertise, and Blockchain technology ensures secure transactions. Social issues call for sensitive handling, Stock Photography and Agencies must adapt, Design projects need high-quality visuals, Marketing and advertising require engaging content, Promotional work demands customization, and Creative endeavors crave originality. Publishing, Blogs, Websites, Streaming Services, Online Advertising, and Social Media platforms all rely on Stock Footage and Videos for visual content. Technological Developments and Content Diversity drive innovation, while Quality, Copyright, and Licensing concerns must be addressed. Customization options are essential to cater to various industries and projects. Together, we navigate these challenges to deliver exceptional Stock Videos for Content Creation on Online Platforms and Video Production.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This stock video market report extensively covers market segmentation by

Application 1.1 Editorial1.2 CommercialImage Source2.1 Macrostock2.2 MicrostockLicense Model3.1 RM3.2 RFGeography 4.1 North America4.2 Europe4.3 APAC4.4 Middle East and Africa4.5 South America

1.1 Editorial-  Stock videos play a significant role in various commercial applications such as advertisements, television, film productions, branding, promotional videos, social media content, and website introductions. For commercial use, it’s essential that videographers or artists provide a model release for each person in the video, which is a legal document granting permission for their likeness to be used commercially. The increasing spending on advertising and digital marketing, particularly in countries like the US, UK, China, Norway, and Canada, has fueled the demand for stock videos in digital advertisements. The rise of social media and mobile devices has further increased the need for stock videos to engage consumers on these platforms. Additionally, stock videos are cost-effective solutions for filmmakers in television and film productions and have become increasingly popular due to the growth of subscription video-on-demand services. Furthermore, the emergence of 360-degree and virtual reality stock videos has expanded their use on video-sharing platforms. These factors are expected to drive the growth of the stock video market for commercial applications during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Stock Video Market: Unleashing the Power of Visual Content in the Digital Age The Stock Video Market is a dynamic and ever-evolving industry that caters to the demand for high-quality, royalty-free visual content in the digital world. This market encompasses a wide range of platforms, from Social Media and Websites to Streaming Services and Online Advertising, all relying on Stock Videos for content creation and engagement. Technological developments have significantly impacted the Stock Video Market, with advancements in Animation Production, Blockchain technology, and Copyright licensing, ensuring Content Diversity and Quality for Individual Creators, Stock Video Agencies, and various industries such as Healthcare and Medical. From Design projects and Marketing and Advertising to Promotional work and Creative Endeavors, the Stock Video Market offers Customization Options for various Publishing needs, including Blogs and Websites. The market’s growth is fueled by the increasing demand for visually appealing content in the digital landscape. Stock Footage and Stock Video continue to be essential tools for businesses and content creators, providing a cost-effective solution for diverse needs, from Social issues to Corporate Communications. The Stock Video Market is an integral part of the broader Visual Content Industry, shaping the future of Online Platforms and Video Production.

Market Research Overview

Stock Video Market: A Thriving Hub for Visual Content in the Digital Age The Stock Video Market is a dynamic and ever-evolving landscape of visual content creation and distribution. It caters to the diverse needs of Social Media, Websites, Streaming Services, Online Advertising, and various Online Platforms. The market is rich in Stock Videos, offering a vast array of Content Creation options for individual creators and Stock Video Agencies. Technological Developments have played a significant role in the growth of this market, enabling high-quality Content Diversity. From Animation production to Healthcare and Medical visuals, Stock Video caters to a wide range of industries. Copyright and Licensing are crucial aspects, ensuring fair usage and protecting creators’ rights. Customization Options are a key feature, allowing clients to tailor videos to their specific needs. Blockchain technology is increasingly being adopted for secure and transparent transactions. Social issues, Stock photography, Design projects, Marketing and advertising, Promotional work, Creative endeavors, Publishing, Blogs, and Stock footage are just a few areas where Stock Video finds application. Join this vibrant market and unlock endless possibilities!

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationEditorialCommercialImage SourceMacrostockMicrostockLicense ModelRMRFGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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/

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SOURCE Technavio

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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

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39 minutes ago

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January 11, 2025

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Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/knex-technology-cto-gustavo-gonzalez-elected-2025-president-elect-of-oatug-302347693.html

SOURCE KNEX Technology

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Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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2 hours ago

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January 11, 2025

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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3 hours ago

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January 10, 2025

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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