Global In-store Background Music Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global In-store Background Music Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

In-store 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.

Market Overview:

The latest research study on the global In-store Background Music market finds that the global In-store Background Music market reached a value of USD 1405.1 million in 2023. It’s expected that the market will achieve USD 1899.26 million by 2029, exhibiting a CAGR of 5.15% during the forecast period.

North America becomes an important opportunity region

North America is one of the main regions of the background music market. The key reason for supporting this growth is the large number of mature players in the region. In addition, the increase in the disposable income of the major population in North America is driving the growth of the background music market.

A multitude of factors, notably growing investment in commercial businesses, including cafeterias and restaurants, clubs, shopping malls, and gift shops is driving the adoption of a range of background music systems and software.

Moreover, growth is attributed to the presence of a considerable number of well-established players in this region. For instance, SONIC, a drive-in, a fast-food restaurant chain with 3,500+ locations in over 45 American states with an experience of more than 60 years, has delivered unique guest experiences centered on a menu of made-to-order American classics and fun, speedy, and personalized service from SONIC's signature Carhops.

Business owners are increasingly embracing music solutions that comply with the law requirements of the respective region, in a bid to avoid any risk associated with licensing penalties. Moreover, business owners are preferring to pay for the right to utilize music for their business-oriented benefits This, in turn, is a key reason fueling the adoption of licensed music across various businesses. The growing emphasis on the background music industry in the North American market has made it an important strategic market.

Region Overview:

In 2022, the share of the In-store Background Music market in North America stood at 32.66%.

Company Overview:

Usen Corporation is one of the major players operating in the In-store Background Music market, holding a share of 13.08% in 2023.

Segmentation Overview:

Among different product types, Music Streaming segment is anticipated to contribute the largest market share in 2028.

A Web-based service that lets users stream songs to their computers or mobile devices. Such services may let users download songs for offline playback as well as allow users to upload their own music collection to the cloud, the latter known as a music locker. Music streaming works in a very simple way: a streaming service delivers data to a streamer in small amounts so that the user can get pre-buffered music that has been pre-buffered a few minutes or even seconds before playing a song.

AV equipment is electronic media devices and equipment that includes both an audio (sound) and a visual (sight) component.

Application Overview:

By application, the Cafes & Restaurants segment occupied the biggest share from 2018 to 2022.

A place of business usually owned and operated by a retailer but sometimes owned and operated by a manufacturer or by someone other than a retailer in which merchandise is sold primarily to ultimate consumers. Retail Stores uses background music to provide consumers with a profound experience to Improve satisfaction and loyalty.

Cafes & Restaurants uses background music systems to attract customers. These systems play an indispensable role in increasing the value of the consumer experience. In addition to creating immersive experiences, fine-tuning playlists can potentially boost sales by influencing human behavior.

The leisure and hospitality industry sector includes a broad category of fields within the service industry such as lodging, food services, event planning, theme parks, transportation and other tourism oriented products and services. By using background music to attract customers and mobilize consumer emotions.

Public organization means any municipal government, public authority, state agency, or other governmental unit. Public organization uses background music to mobilize participants’ emotions in the context of meetings and important occasions.

Key Companies in the global In-store Background Music market covered in Chapter 3:

Easy on Hold
Soundjack
Mood Media
Heartbeats International
Almotech
Jamendo Licensing
Jukeboxy
SiriusXM for Business
Brandtrack
Kasimu
CSI Music
Pandora for Business
NSM Music.
Qsic
Cloud Cover Music
Usen Corporation
Imagesound
Soundtrack Your Brand
Auracle Sound
Custom Channels
Express Melody
Sunflower Music
Rockbot
TouchTunes
Open Ear Music
SoundMachine

In Chapter 4 and Chapter 14.2, on the basis of types, the In-store Background Music market from 2019 to 2030 is primarily split into:

Music Streaming
AV System Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the In-store Background Music market from 2019 to 2030 covers:

Retail Stores
Cafes & Restaurants
Leisure & Hospitality
Public Organizations
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)