Global Background Music Market Overview:
Background music has been highly used to play in various major users such as retail stores, elevators, public transit and malls. Moreover, it plays an important role in modern commercial and residential spaces. This kind of music is intended for passive listening and helps in improving the ambience of places and also offers positive influences a customer's mood, resulting in better shopping experiences for customers and retailers Some of the key players profiled in the study are Almotech Media Solutions (Ireland), Imagesound (United Kingdom), Mood Media (United States), NSM Music Group (United Kingdom), PlayNetwork (United States), CSI Music Services (Canada), Easy On Hold (United States), HIBOU MUSIC (France), Nimbletank (United Kingdom) and SBA Music (Australia). According to Market Analyst at AMA, the Global Background Music market may see a growth rate of 6.1%
On the basis of geography, the market of Background Music has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Type, the sub-segment i.e. Access music will boost the Background Music market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing use of BGM in public spaces
- Frictionless access to music via voice is an overwhelmingly positive development
- Top players are unlocking social media for music
- Rapidly evolving of digital world and Increasing use of background music to the learning environment
- Introduction of modern modernization act
- Soft and slow music has a relaxing effect on shoppers
- Adoption of Artificial Intelligence (AI)
- Streaming is exposing a great song to a global audience
- Increasing public opposition over piped music
Major Objectives Focused through this Study To define, describe, and forecast the Global Background Music market on the basis of product  , application [Hospitality sector, Retail sector, Commercial buildings, Public infrastructure and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Background Music market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Background Music industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Soundjack (United Kingdom), Xenon Music Media (Netherland), Usen Corporation (Japan), TouchTunes (United States) and Sunflower Music (United Kingdom).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Background Music market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.