Global Background Music Market 2024-2028

Background Music Market 2024-2028


Technavio has been monitoring the background music market and is forecast to grow by USD 527.2 mn during 2023-2028, accelerating at a CAGR of 8.76% during the forecast period. Our report on the background music market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for BGM in retail sector, growing use of BGM in public spaces, and increased regulatory pressure to prevent music piracy and copyright infringement.

Technavio's background music market is segmented as below:

By Product Type
  • Music streaming
  • AV system
By End-user
  • Hospitality
  • Retail
  • Commercial buildings
  • Public infrastructure
  • Others
By Geographical Landscape
  • Europe
  • North America
  • APAC
  • Middle East and Africa
  • South America
This study identifies the growth of music subscription services as one of the prime reasons driving the background music market growth during the next few years. Also, availability of advanced music-mixing systems and introduction of music modernization act will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the background music market covers the following areas:
  • Background music market sizing
  • Background music market forecast
  • Background music market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading background music market vendors that include Almotech Media Solutions, AMI Entertainment Network LLC, Auracle Sound Ltd., Brandtrack Inc., CMRRA SODRAC Inc., Heartbeats International AB, HIBOU MUSIC LIBRARY, Imagesound Group, Liberty Media Corp., Mood Media Corp., Open Ear Music Ltd., Qsic Pty Ltd., Rockbot Inc., SOUNDMACHINE, Soundreef, Soundtrack Your Brand Sweden AB, Stingray Media Group., TouchTunes Music Corp., USEA Pte Ltd. , and Xenox Music and Media B.V.. Also, the background music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Data Table on Incremental Growth
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global Background Music Market 2018 - 2022
      • Table Historic Market Size - Data Table on Global Background Music Market 2018 - 2022 ($ million)
    • Product Type segment analysis 2018 - 2022
    • End-user segment analysis 2018 - 2022
    • Geography segment analysis 2018 - 2022
    • Country segment analysis 2018 - 2022
  • Five Forces Analysis
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
  • Market Segmentation by Product Type
    • Market segments
      • Table Data Table on Product Type - Market share 2023-2028 (%)
    • Comparison by Product Type
      • Table Data Table on Comparison by Product Type
    • Music streaming - Market size and forecast 2023-2028
      • Table Data Table on Music streaming - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Music streaming - Year-over-year growth 2023-2028 (%)
    • AV system - Market size and forecast 2023-2028
      • Table Data Table on AV system - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on AV system - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product Type
      • Table Data Table on Market opportunity by Product Type ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Hospitality - Market size and forecast 2023-2028
      • Table Data Table on Hospitality - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Hospitality - Year-over-year growth 2023-2028 (%)
    • Retail - Market size and forecast 2023-2028
      • Table Data Table on Retail - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Retail - Year-over-year growth 2023-2028 (%)
    • Commercial buildings - Market size and forecast 2023-2028
      • Table Data Table on Commercial buildings - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Commercial buildings - Year-over-year growth 2023-2028 (%)
    • Public infrastructure - Market size and forecast 2023-2028
      • Table Data Table on Public infrastructure - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Public infrastructure - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Data Table on Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
  • Geographic Landscape
    • Geographic segmentation
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Data Table on Geographic comparison
    • Europe - Market size and forecast 2023-2028
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023-2028
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Italy - Market size and forecast 2023-2028
      • Table Data Table on Italy - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Italy - Year-over-year growth 2023-2028 (%)
    • Canada - Market size and forecast 2023-2028
      • Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Opportunity/Restraints
    • Market drivers
      • Demand for BGM in retail sector
      • Growing use of BGM in public spaces
      • Increased regulatory pressure to prevent music piracy and copyright infringement
    • Market challenges
      • Low margins for BGM vendors
      • Availability of royalty-free BGM
      • Public opposition over piped music
    • Impact of drivers and challenges
    • Market opportunities/restraints
      • Growth of music subscription services
      • Availability of advanced music-mixing systems
      • Introduction of music modernization act
  • Competitive Landscape
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
  • Competitive Analysis
    • Companies profiled
    • Market positioning of companies
    • Almotech Media Solutions
    • AMI Entertainment Network LLC
    • Auracle Sound Ltd.
    • Brandtrack Inc.
    • CMRRA SODRAC Inc.
    • Heartbeats International AB
    • HIBOU MUSIC LIBRARY
    • Imagesound Group
    • Liberty Media Corp.
    • Mood Media Corp.
    • Qsic Pty Ltd.
    • Rockbot Inc.
    • SOUNDMACHINE
    • USEA Pte Ltd.
    • Xenox Music and Media B.V.
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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