Background Music Market 2019 – 2026: Why It Is Important?

Background music market study focuses on music systems and music streaming services in applications such as retail, leisure and hospitality, restaurants, public organizations, and other spaces.

𝙁𝙤𝙧 𝙄𝙣 𝙙𝙚𝙥𝙩𝙝 𝙄𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙂𝙚𝙩 𝙎𝙖𝙢𝙥𝙡𝙚 𝘾𝙤𝙥𝙮 𝙤𝙛 𝙩𝙝𝙞𝙨 𝙍𝙚𝙥𝙤𝙧𝙩 @ https://www.coherentmarketinsights.com/insight/request-sample/2563

Mood Media, PlayNetwork, and TouchTunes are some of the key players in the background music market. The global background music market is highly fragmented due to presence of large number of players in the market. The players compete based on system performance, pricing, and variety in offerings to sustain their position in the market.

Global background music market generated revenue of US$ 1.35 billion in 2017. By 2026, the background music market is expected to be valued at US$ 2.31 billion with a CAGR of 6.3% over the forecast period. AV system segment held dominant position in the global background music market in 2017 and is expected to retain its dominance over the forecast period. AV system segment generated revenue of US$ 824.5 Mn in 2017.

𝑴𝒂𝒓𝒌𝒆𝒕 𝑫𝒓𝒊𝒗𝒆𝒓𝒔: 𝑰𝒏𝒄𝒓𝒆𝒂𝒔𝒊𝒏𝒈 𝒅𝒆𝒎𝒂𝒏𝒅 𝒇𝒐𝒓 𝒃𝒂𝒄𝒌𝒈𝒓𝒐𝒖𝒏𝒅 𝒎𝒖𝒔𝒊𝒄 𝒊𝒏 𝒎𝒂𝒍𝒍𝒔 𝒂𝒏𝒅 𝒓𝒆𝒕𝒂𝒊𝒍 𝒔𝒆𝒄𝒕𝒐𝒓𝒔 𝒊𝒔 𝒅𝒓𝒊𝒗𝒊𝒏𝒈 𝒕𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒈𝒓𝒐𝒘𝒕𝒉 𝒔𝒊𝒏𝒄𝒆 𝒑𝒂𝒔𝒕 𝒇𝒆𝒘 𝒚𝒆𝒂𝒓𝒔

Background music is an essential part of malls, retail stores, elevators, and other spaces to create soothing environment. With emergence of e-commerce and thus, decreasing customer footfalls in stores, retailers are finding new ways to enhance customer experience at their brick and mortar stores. Background music influences engagement of customers and increases their overall time spend in the departmental stores. This enhances the customer’s shopping experience in malls and retails stores due to which retail stores and malls contribute significant share in the growth of background music market. The impact of this driver is expected to remain high over the forecast period.

𝑮𝒍𝒐𝒃𝒂𝒍 𝑩𝒂𝒄𝒌𝒈𝒓𝒐𝒖𝒏𝒅 𝑴𝒖𝒔𝒊𝒄 𝑴𝒂𝒓𝒌𝒆𝒕, 𝑩𝒚 𝑨𝒑𝒑𝒍𝒊𝒄𝒂𝒕𝒊𝒐𝒏, 2016-2026  (𝑼𝑺$ 𝑴𝒏)

◦ Introduction
◦ Segment Trends

Retail Stores
▪ Introduction
▪ Market Size and Forecast, 2016–2026, (US$ Mn)

Restaurants
▪ Introduction
▪ Market Size and Forecast, 2016–2026, (US$ Mn)

Entertainment Places
▪ Introduction
▪ Market Size and Forecast, 2016–2026, (US$ Mn)

Public Organizations     
▪ Introduction
▪ Market Size and Forecast, 2016–2026, (US$ Mn)

Others
▪ Introduction
▪ Market Size and Forecast, 2016–2026, (US$ Mn)

𝙍𝙚𝙦𝙪𝙚𝙨𝙩 𝙁𝙤𝙧 𝘾𝙪𝙨𝙩𝙤𝙢𝙞𝙯𝙖𝙩𝙞𝙤𝙣 𝙤𝙛 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝 𝙍𝙚𝙥𝙤𝙧𝙩 @ https://www.coherentmarketinsights.com/insight/request-customization/2563

𝗚𝗹𝗼𝗯𝗮𝗹 𝗕𝗮𝗰𝗸𝗴𝗿𝗼𝘂𝗻𝗱 𝗠𝘂𝘀𝗶𝗰 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀
Major players operating in the global background music market include 𝑷𝒍𝒂𝒚𝑵𝒆𝒕𝒘𝒐𝒓𝒌, 𝑰𝒏𝒄., 𝑻𝒐𝒖𝒄𝒉𝑻𝒖𝒏𝒆𝒔 𝑴𝒖𝒔𝒊𝒄 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝑺𝒊𝒓𝒊𝒖𝒔 𝑿𝑴 𝑯𝒐𝒍𝒅𝒊𝒏𝒈𝒔, 𝑰𝒏𝒄., 𝑨𝒍𝒎𝒐𝒕𝒆𝒄𝒉 𝑴𝒆𝒅𝒊𝒂 𝑺𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔, 𝑰𝒎𝒂𝒈𝒆𝒔𝒐𝒖𝒏𝒅, 𝑬𝒂𝒔𝒚 𝒐𝒏 𝑯𝒐𝒍𝒅, 𝑺𝒐𝒖𝒏𝒅𝒏𝒆𝒕 𝑳𝒊𝒎𝒊𝒕𝒆𝒅 (𝑺𝒐𝒖𝒏𝒅𝒋𝒂𝒄𝒌), 𝑿𝒆𝒏𝒐𝒙 𝑴𝒖𝒔𝒊𝒄 & 𝑴𝒆𝒅𝒊𝒂 𝑩.𝑽., 𝑸𝒔𝒊𝒄 𝑷𝒕𝒚 𝑳𝒕𝒅., 𝑬𝒙𝒑𝒓𝒆𝒔𝒔 𝑴𝒆𝒍𝒐𝒅𝒚, 𝑶𝒑𝒆𝒏𝑬𝒂𝒓 𝑴𝒖𝒔𝒊𝒄, 𝑨𝒖𝒓𝒂𝒄𝒍𝒆 𝑺𝒐𝒖𝒏𝒅, 𝑪𝒍𝒐𝒖𝒅 𝑪𝒐𝒗𝒆𝒓 𝑴𝒖𝒔𝒊𝒄, 𝒂𝒏𝒅 𝑴𝒐𝒐𝒅 𝑴𝒆𝒅𝒊𝒂 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏.

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