According to a recent study of Fact.MR, the background music market is estimated to reach approximately US$ 650 Mn in 2019, registering a Y-o-Y growth at 6.4%. Building unique identity and increasing the consumer footfall are key factors that have been driving the adoption of background music among brick & mortar stores in recent years. These stores are also putting efforts toward strengthening their relationship with consumers using audio branding. According to the report, the background music market is projected to grow at 7% CAGR through 2027.
The global Background Music Market study presents an all in all compilation of the historical, current and future outlook of the Market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Background Music Market player in a comprehensive way. Further, the Background Music Market report emphasizes the adoption pattern of the Background Music across various industries.
The Background Music Market report highlights the following players:
Pandora, Brandtrack, Mood Media, Kasimu, Cloud Cover Music, Open Ear Music, Qsic Pty Ltd., Easy on Hold, Jukeboxy, Sunflower Music Company, NSM Music Ltd., Xenox Music Media, Soundtrack your Brand, SoundMachine, Heartbeats International, Express Melody, Almotech, Custom Channels, CSI Music Service, Almotech, TouchTunes, StorePlay, and USEN Holding Corporation Inc.
The Background Music Market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
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Important regions covered in the Background Music Market report include:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
- APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- MEA (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)
Background Music Market Segment Analysis:
On the basis of end use,
- Retail Stores Market
- Cafes & Restaurants Market
- Leisure & Hospitality Market
- Public Organization Market
- Other End Use Applications Market
On the basis of type,
- Incidental Music
- Furniture Music
- Elevator Music
- Internet delivered background Music
- Video Game & Blog Music
The Background Music Market report offers a plethora of insights which include:
- Changing consumption pattern among individuals globally.
- Historical and future progress of the global Background Music Market.
- Region-wise and country-wise segmentation of the Background Music Market to understand the revenue, and growth lookout in these areas.
- Accurate Year-on-Year growth of the global Background Music Market.
- Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global Background Music Market.
The Background Music Market report answers important questions which include:
- Which regulatory authorities have granted approval to the application of Background Music in xx industry?
- How will the global Background Music Market grow over the forecast period?
- Which end use industry is set to become the leading consumer of Background Music by 2027?
- What manufacturing techniques are involved in the production of the Background Music?
- Which regions are the Background Music Market players targeting to channelize their production portfolio?
The Background Music Market report considers the following years to predict the Market growth:
- Historic Year: 2013 – 2017
- Base Year: 2013
- Estimated Year: 2018
- Forecast Year: 2018 – 2027
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Fact.MR follows a multi- disciplinary approach to extract information about various industries. Our analysts perform thorough primary and secondary research to gather data associated with the Market. With modern industrial and digitalization tools, we provide avant-garde business ideas to our clients. We address clients living in across parts of the world with our 24/7 service availability.