Background Music

Background Music

Global Background Music Market to Reach US$1.4 Billion by 2030

The global market for Background Music estimated at US$980.4 Million in the year 2023, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2023-2030. Music Streaming, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the AV Systems segment is estimated at 3.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$267.1 Million While China is Forecast to Grow at 9.3% CAGR

The Background Music market in the U.S. is estimated at US$267.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$306.2 Million by the year 2030 trailing a CAGR of 9.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Background Music Market - Key Trends and Drivers Summarized

Background music, often referred to as elevator music or Muzak, plays a subtle yet impactful role in various environments ranging from retail spaces to offices, waiting areas, and even online multimedia content. This type of music is specifically designed to enhance the atmosphere of a space or complement the content of a media product, without overtly drawing attention to itself. The primary purpose of background music is to influence the behavior and mood of individuals within its auditory reach, promoting a sense of comfort or enhancing consumer experiences. In commercial settings, carefully selected playlists can encourage customers to linger longer and enhance their perception of a brand, potentially boosting sales and customer satisfaction. In workplaces, background music can improve productivity and morale by reducing stress and creating a more dynamic working environment.

The evolution of background music has been influenced by advancements in technology and changes in consumer expectations. With the rise of digital media, access to a wide range of music has become easier and more cost-effective than ever before. Streaming platforms and sophisticated sound systems now offer businesses the ability to tailor music selections to specific times of the day, customer demographics, or even weather conditions, leveraging big data to maximize the impact of their music choices. The integration of AI and machine learning technologies has further refined the ability of businesses to select and rotate music that resonates best with their audience, ensuring that the atmosphere remains optimal without requiring constant human oversight. Moreover, licensing and rights management have also evolved, providing businesses with legal and straightforward options for using music without violating copyright laws.

The growth in the background music market is driven by several factors, including the increasing recognition of the psychological effects of music, innovations in music streaming technology, and the expanding diversity of application areas. Businesses are more aware than ever of the influence of sensory elements on consumer behavior and employee performance, leading to more strategic use of background music in marketing and workplace design. Technological advancements have made music streaming more accessible and customizable, allowing for dynamic playlists that can be controlled across multiple locations through a single platform. Additionally, the use of background music is expanding beyond traditional commercial and corporate settings into new areas such as fitness centers, educational institutions, and healthcare facilities, where the benefits of tailored auditory environments can support specific activities and desired outcomes. These factors, combined with ongoing research into the effects of music on human behavior, ensure continued growth and innovation within the background music industry.

Select Competitors (Total 74 Featured) -

• Almotech Media Solutions
• Auracle Sound Ltd.
• Cloud Cover Media, Inc.
• Imagesound Ltd
• Mood Media Corporation
• Music Concierge Ltd.
• NSM Music
• Open Ear Music Ltd
• PlayNetwork, Inc.
• Qsic Pty Ltd.
• Rockbot, Inc.
• Sirius XM Holdings, Inc.
• Soundnet Limited
• TouchTunes Music Corporation
• USEN Corporation;

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