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Global Background Music Market Forcast To Grow At CAGR Of 2.89% Between 2016-2020

Press Release   •   Feb 21, 2017 07:22 EST

About Background Music

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.

Technavios analysts forecast the global background music market to grow at a CAGR of 2.89% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global background music market for 2016-2020. To calculate the market size, Technavio considers the revenue generated by background music used in restaurants, department stores, shopping malls, elevators, airports, cruise ships, and corporate offices in the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Background Music Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Almotech

Imagesound

Mood Media

NSM Music

PlayNetwork

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Other prominent vendors

CSI Music

Easy on Hold

Hibou Music

Sunflower Music

Soundjack

Market driver

Increased use of background music in elevators

For a full, detailed list, view our report

Market challenge

Availability of alternative media

For a full, detailed list, view our report

Market trend

Availability of advanced music-mixing systems

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

Table of Contents

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Customer segments

Base year

Vendor segmentation

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Industry overview

Evolution of music industry

Type of music by service

Types of music fans

PART 06: Market landscape

Market overview

Product life cycle

Global Music Market

Global background music market

Global music market versus global background music market

Five forces analysis

PART 07: Market segmentation by customer

Global background music market by customer

Global background music market in hospitality industry

Global background music market in retail industry

Global background music market in commercial buildings

Global background music market in public infrastructure

PART 08: Geographical segmentation

Global background music market by geography

Background music market in Americas

Background music market in EMEA

Background music market in APAC

PART 09: Buying criteria

PART 10: Market drivers

Increased use of background music in elevators

 

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