Authored By: Sarah
03 Aug 2021

Background Music Market: Top Geographies and Market Highlights

Regional Growth Analysis and Market Trends 2021-2025

The background music market will grow by $ 368.59 mn, fragmented at a CAGR of over 7% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.


For a glimpse into our research analysis and insights: Request for our Free Sample Report


Background Music Market: Europe to lead market growth during the forecast period

  • 44% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Background Music Market size.
  • Demand for bgm in retail sector will be a significant factor in driving the growth of the background music market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • The background music market is segmented by End-user (Hospitality, Retail, Commercial buildings, Public infrastructure, and Others) and Geography (Europe, North America, APAC, MEA, and South America). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Background Music Market to Post Incremental Growth of $ 368.59 mn During 2021-2025 | Key Geographies that will Drive Growth

Background Music Market: Competitive Landscape

Some of the leading vendors in this market are Almotech Media Solutions, Imagesound Group, Mood Media Corp., NSM Music, PlayNetwork Inc., Qsic Pty Ltd., Rockbot, Sirius XM Holdings Inc., AMI Entertainment Network LLC, and SOUNDMACHINE. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 7%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 368.59 mn through 2021-2025.
     
  3. What is a key factor driving this market?
    Demand for BGM in retail sector will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    44% growth will originate from Europe
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Almotech Media Solutions, Imagesound Group, Mood Media Corp., NSM Music, PlayNetwork Inc., Qsic Pty Ltd., Rockbot, Sirius XM Holdings Inc., AMI Entertainment Network LLC, and SOUNDMACHINE
     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Hospitality, Retail, Commercial buildings, Public infrastructure, and Others) and Geography (Europe, North America, APAC, MEA, and South America).

Market Segmentation by End-user

    • Background Music Market Split by End-user
      • Hospitality
      • Retail
      • Commercial buildings
      • Public infrastructure
      • Others
    • Background Music Market Split by Geography
      • Europe
      • North America
      • APAC
      • MEA
      • South America

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Almotech Media Solutions
  • Imagesound Group
  • Mood Media Corp.
  • NSM Music
  • PlayNetwork Inc.
  • Qsic Pty Ltd.
  • Rockbot
  • Sirius XM Holdings Inc.
  • AMI Entertainment Network LLC
  • SOUNDMACHINE

Background Music Market Size to Grow by $ 368.59 Million through 2021-2025  

Technavio research projects the background music market to grow by $ 368.59 Million, accelerating at a CAGR of almost 7.27% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Background Music Market: Receive FREE Sample Report


Background Music Market: Key Market Driver

One of the primary factors that will trigger the growth of the background music market size is demand for BGM in retail sector. Specific BGMs set the ambiance or mood of an area. These factors promote their use in public spaces. Public spaces such as gyms, sports centers, and health clubs often play fast-paced music, such as pop, techno, or hard rock music.

The growing consumerism and focus on improving customer experience will facilitate the BGM market growth in Europe over the forecast period. 44% of the market growth will originate from Europe during the forecast period. The UK, Germany, and Italy are the key markets for background music in Europe. Market growth in Europe will be faster than the growth of the market in other regions.

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Background Music Market to Post Incremental Growth of $ 368.59 mn During 2021-2025 | Key Geographies that will Drive Growth

Background Music Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Almotech Media Solutions, AMI Entertainment Network LLC, Imagesound Group, Mood Media Corp., NSM Music, PlayNetwork Inc., Qsic Pty Ltd., Rockbot, Sirius XM Holdings Inc., and SOUNDMACHINE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 7.27%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 368.59 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Demand for BGM in retail sector will drive market growth over the forecast period.                                                                                                                            
  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    44% growth will originate from Europe

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Almotech Media Solutions, AMI Entertainment Network LLC, Imagesound Group, Mood Media Corp., NSM Music, PlayNetwork Inc., Qsic Pty Ltd., Rockbot, Sirius XM Holdings Inc., and SOUNDMACHINE

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Hospitality, Retail, Commercial buildings, Public infrastructure, and Others) and Geography (Europe, North America, APAC, MEA, and South America)
Read News Read Less
Interested in this report?
Get your sample now!
Technavio