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The background music market is forecast to grow by USD 527.2 million during 2023-2028, accelerating at a CAGR of 8.76% during the forecast period. The 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.Speak directly to the analyst to clarify any post sales queries you may have.
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.
The 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
The report on the background music market covers the following areas:
- Background music market sizing
- Background music market forecast
- Background music market industry analysis
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.
The publisher 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. The 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global background music market: 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..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growth of music subscription services."
According to the report, one of the major drivers for this market is the demand for BGM in retail sector.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
- Xenox Music and Media B.V.
