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