Press release
At A CAGR Of 2.89% Global Background Music Market To Grow During The Period 2016-2020
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.
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
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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
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?
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