Press release
Background Music Market to Expand at a CAGR of 3.69% to 2021 Due to Globally Rise in Media Industry
Background music plays an important role in modern commercial and residential spaces. Retail stores, public transit, elevators, and malls are some of the major users of background music.
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This kind of music is intended for passive listening and helps in improving the ambience of places. It also positive influences a customer's mood, resulting in better shopping experiences for customers and retailers. The global background music market is fragmented with the presence of a large number of small and large vendors.
Technavios analysts forecast the global background music market to grow at a CAGR of 3.69 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global background music market for 2017-2021. To calculate the market size, the report considers the revenue generated from the use of background music by the following end-users:
Hospitality sector
Retail sector
Commercial buildings
Public infrastructure
Others
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Technavio's report, Global Background Music Market 2017-2021, 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 Media Solutions
Imagesound
Mood Media
NSM Music Group
PlayNetwork
Other prominent vendors
CSI Music Services
Easy On Hold
HIBOU MUSIC
Nimbletank
SBA Music
Sunflower Music
Market driver
Increase in hotel construction
For a full, detailed list, view our report
Market challenge
Increased adoption of digital music
For a full, detailed list, view our report
Market trend
Increase in number of concerts and live performances
For a full, detailed list, view our report
Browse Report @ https://www.researchmoz.us/global-background-music-market-2017-2021-report.html
Key questions answered in this report
What will the market size be in 2021 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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