Global Background Music Market Growth (Status and Outlook) 2023-2029

Global Background Music Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Background Music Industry Forecast” looks at past sales and reviews total world Background Music sales in 2022, providing a comprehensive analysis by region and market sector of projected Background Music sales for 2023 through 2029. With Background Music sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Background Music industry.
This Insight Report provides a comprehensive analysis of the global Background Music landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Background Music portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Background Music market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Background Music and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Background Music.
The global Background Music market size is projected to grow from US$ 1691.4 million in 2022 to US$ 2652.5 million in 2029; it is expected to grow at a CAGR of 6.6% from 2023 to 2029.
Global Background Music key players include Mood Media, SiriusXM for Business, Usen Corporation, TouchTunes, PlayNetwork, etc. Global top five manufacturers hold a share about 45%. North America is the largest market, with a share about 40%, followed by Europe, the Middle East and Africa, with a share about 25 percent. In terms of product, Music Streaming is the largest segment, with a share about 85%. And in terms of application, the largest application is Leisure & Hospitality, followed by Retail Stores, Cafes & Restaurants, Public Organizations, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Background Music market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Music Streaming
AV System Equipment
Segmentation by application
Retail Stores
Cafes & Restaurants
Leisure & Hospitality
Public Organizations
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mood Media
PlayNetwork
TouchTunes
Usen
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

Please note: The report will take approximately 2 business days to prepare and deliver.