Global In-store Music Service Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global In-store Music Service Market 2024 by Company, Regions, Type and Application, Forecast to 2030

All the music played by the business site through professional technical equipment is collectively referred to as "background music".In the shopping environment, store music is an important factor affecting consumers" shopping experience.The compound annual growth rate from 2019 to 2025 is 6%, according to QYR analyst market research.The increase in the use of background music in travel and retail stores was one of the major growth factors for the global market.Using background music in these places can reduce the boredom of visitors and improve their overall experience.Regionally, North America and Europe are relatively mature markets that are dominating market development.In 2018, the north American background music market grew at a compound annual rate of 6% over the last five years.The overall European market for background music is growing at a compound annual rate of 7 per cent.The asia-pacific region will be the fastest growing market for some time to come, especially for the fast-growing markets of Japan, China and India.Mood Media, SiriusXM for Business, Usen Corporation, TouchTunes, PlayNetwork, Pandora for Business are the leading providers of in-store music services in the global market.The nature of the service determines the existence of many small suppliers in the market. The global background music market is highly competitive and fragmented.Providers compete on pricing, size and type of music library, copyright, and so on to maintain market position.In order to expand their influence and market share, suppliers must not only develop new ideas and technologies, but also keep abreast of emerging technologies and current music trends that may affect their services in order to remain competitive in the market.Based on end users, the market is divided into retail stores, cafes and restaurants, leisure and hotels, public organizations, etc.In 2018, leisure and hospitality accounted for the largest market share with 30%, with retail stores and cafes and restaurants also playing an important role in the in-store BG music service market.Based on the solution, the market is divided into music streaming media services and AV system equipment.Music Streaming Service occupied the largest market share in 2018, with a market share of more than 85%.The availability of advanced music mixing systems is one of the latest trends that will gain momentum in the background music market over the next few years.Most major in-store music service providers have established sales networks.These have been keen to expand their sales of background music through their licensed distributors or their partners.In order to achieve better sales business, background music providers usually invest in their marketing channels every year.

According to our (Global Info Research) latest study, the global In-store Music Service market size was valued at US$ 1909 million in 2023 and is forecast to a readjusted size of USD 2867 million by 2030 with a CAGR of 6.1% during review period.

Global In-store Music Service key players include Mood Media, SiriusXM for Business, Usen Corporation, etc. Global top three manufacturers hold a share about 30%.

North America is the largest market, with a share over 40%, followed by Europe, and Asia Pacific, both have a share about 50 percent.

In terms of product, Streaming Media Service is the largest segment, with a share over 85%. And in terms of application, the largest application is Leisure Places and Hotels, followed by Retail Stores, Cafes and Restaurants, Public Institutions, etc.

This report is a detailed and comprehensive analysis for global In-store Music Service market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global In-store Music Service market size and forecasts, in consumption value ($ Million), 2019-2030

Global In-store Music Service market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global In-store Music Service market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global In-store Music Service market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for In-store Music Service

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global In-store Music Service market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Mood Media, PlayNetwork, TouchTunes, Usen Corporation, SiriusXM for Business, Pandora for Business, Almotech, Imagesound, NSM Music., CSI Music, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

In-store Music Service market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

In-store Music Service market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Streaming Media Service
Audio Equipment

Market segment by Application
Retail Stores
Cafes and Restaurants
Leisure Places and Hotels
Public Institutions
Others

Market segment by players, this report covers
Mood Media
PlayNetwork
TouchTunes
Usen Corporation
SiriusXM for Business
Pandora for Business
Almotech
Imagesound
NSM Music.
CSI Music
Easy on Hold
Sunflower Music
Soundjack
Xenon Music Media
Soundtrack Your Brand
Jamendo Listening
Heartbeats International
SoundMachine
Rockbot
Jukeboxy
Cloud Cover Music
Custom Channels
Auracle Sound
Brandtrack
Kasimu
Soundreef
Express Melody
Qsic
StorePlay
Open Ear Music

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe In-store Music Service product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of In-store Music Service, with revenue, gross margin, and global market share of In-store Music Service from 2019 to 2024.

Chapter 3, the In-store Music Service competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and In-store Music Service market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of In-store Music Service.

Chapter 13, to describe In-store Music Service research findings and conclusion.