Market Assessment: Background Music Market In The U.S. And EU
Increasing demand for background music in retail stores and restaurants is driving growth of the background music market. Moreover, increasing number of paid subscriptions is also fueling the market growth. Availability of variety of music online and affordable subscription services have increased demand for background music. Rather than using compact disc, retailers are now downloading and constantly updating music from online sources. In 2017, retail stores and restaurants segments accounted for 29.3% and 31.0% share respectively in background music market. In these spaces, music is intended for passive listening and it helps in improving engagement of customers and improving the ambience. Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/background-music-market-2563
Increasing demand for background music in retail stores and restaurants is driving growth of the background music market. Moreover, increasing number of paid subscriptions is also fueling the market growth. Availability of variety of music online and affordable subscription services have increased demand for background music. Rather than using compact disc, retailers are now downloading and constantly updating music from online sources. In 2017, retail stores and restaurants segments accounted for 29.3% and 31.0% share respectively in background music market. In these spaces, music is intended for passive listening and it helps in improving engagement of customers and improving the ambience.
Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/background-music-market-2563
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
BACKGROUND<br />
MUSIC<br />
MARKET<br />
<strong>Market</strong> Size (2019)<br />
US$ 1,491.9<br />
MN<br />
CAGR (2019–<br />
2027)<br />
6.3%<br />
© Coherent <strong>Market</strong> <strong>In</strong>sights. All Rights Reserved
Segmentation (Scope)<br />
• AV System<br />
• <strong>Music</strong> Streaming<br />
• Retail Stores<br />
• Restaurants<br />
• Entertainment Places<br />
• Public Organizations<br />
• Others<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> <strong>In</strong>sights. All All Rights Rights Reserved Reserved
Major Drivers<br />
<br />
<strong>In</strong>creasing demand<br />
for <strong>Background</strong><br />
<strong>Music</strong> in malls and<br />
retail sector<br />
<br />
Changing preference<br />
of key end users<br />
towards providing<br />
luxury facilities to<br />
attract customers<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> <strong>In</strong>sights. All All Rights Rights Reserved Reserved
NORTH<br />
AMERICA<br />
<strong>Market</strong> Size (2018)<br />
US$ 497.0 MN<br />
ASIA<br />
PACIFIC<br />
<strong>Market</strong> Size (2018)<br />
US$ 315.2 MN<br />
CAGR<br />
6.3%<br />
CAGR<br />
6.9%<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> <strong>In</strong>sights. All All Rights Rights Reserved Reserved
Major Players<br />
Mood Media Corporation<br />
PlayNetwork, <strong>In</strong>c.<br />
TouchTunes <strong>Music</strong> Corporation<br />
Sirius XM Radio <strong>In</strong>c.<br />
Almotech Media Solutions<br />
Imagesound Group<br />
Easy On Hold<br />
Soundnet Limited (Soundjack)<br />
Xenox <strong>Music</strong> & Media BV<br />
Qsic Pty Ltd.<br />
Express <strong>In</strong> <strong>Music</strong><br />
OpenEar <strong>Music</strong><br />
Auracle Sound Ltd.<br />
Cloud Cover <strong>Music</strong><br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> <strong>In</strong>sights. All All Rights Rights Reserved Reserved
Change language