Summary – A new market study, “Global Background Music Market Insights, Forecast to 2025”has been featured on Wise Guy Reports.
Background music is an integral part of modern commercial space like malls, retail stores, transit, elevators and other public spaces. This kind of music is intended for passive listening, and it helps in improving the ambience of the place. It is also seen to affect the customer's mood positively, resulting in better shopping experiences for the customers and the retailers. The increase in the number of commercial spaces, high preference for entertainment, and growth in the tourism sector are the major factors that are driving the market growth.
Based on regions, North America and Europe are relatively mature market which are navigating the market. In 2018, total North America Background Music Market Size is estimated to be 596 Million USD, growing at a CAGR of 6.45% from 2013. Total Europe Background Music Market Size is estimated to be 388 Million USD, growing at a CAGR of 6.69% from 2013. APAC is expected to be the fastest growing market, especially for the rapid growing Japan, China and India market.
The global Background Music market is valued at 1340 million US$ in 2018 and will reach 2210 million US$ by the end of 2025, growing at a CAGR of 6.4% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Background Music market based on company, product type, end user and key regions.
This report studies the global market size of Background Music in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Background Music in these regions.
This research report categorizes the global Background Music market by top players/brands, region, type and end user. This report also studies the global Background Music market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
SiriusXM for Business
Pandora for Business
Easy on Hold
Xenon Music Media
Soundtrack Your Brand
Cloud Cover Music
Open Ear Music
Market size by Product
AV System Equipment
Market size by End User
Cafes & Restaurants
Leisure & Hospitality
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Background Music market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Background Music market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Background Music companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Background Music submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Background Music are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Background Music market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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