Global Background Music Market 2017-2021

  • ID: 4319174
  • Report
  • Region: Global
  • 69 pages
  • TechNavio
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FEATURED COMPANIES

  • Almotech Media Solutions
  • CSI Music Services
  • Easy On Hold
  • HIBOU MUSIC
  • Imagesound
  • Mood Media
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Background Music
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. 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.

The 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

The 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 drivers

  • Increase in hotel construction
  • For a full, detailed list, view the full report

Market challenges

  • Increased adoption of digital music
  • For a full, detailed list, view the full report

Market trends

  • Increase in number of concerts and live performances
  • For a full, detailed list, view the full report

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?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

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FEATURED COMPANIES

  • Almotech Media Solutions
  • CSI Music Services
  • Easy On Hold
  • HIBOU MUSIC
  • Imagesound
  • Mood Media
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
  • Types of music by service
  • Types of music fans
PART 05: Market landscape
  • Global background music market
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Global background music market by end-user
  • Global background music market in hospitality sector
  • Global background music market in retail sector
  • Global background music market in commercial buildings
  • Global background music market in public infrastructure
  • Global background music market in other sectors
PART 07: Buying criteria
  • Buying criteria for background music
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: Key leading countries
  • Key leading countries
  • Background music market in US
  • Background music market in UK
  • Background music market in Japan
PART 10: Decision framework

PART 11: Drivers and challenges
  • Market drivers
  • Market challenges
PART 12: Market trends

PART 13: Vendor landscape
  • Competitive scenario
  • Key leading vendors
  • Other prominent vendors
PART 14: Appendix
  • List of abbreviation
List of Exhibits
Exhibit 01: Share of global background music market in global music market 2016 (% share)

Exhibit 02: Evolution of music industry
Exhibit 03: Global music market by types of music fans 2016 (% share)
Exhibit 04: Global background music market: Overview
Exhibit 05: Global background music market 2016-2021 ($ millions)
Exhibit 06: Five forces analysis
Exhibit 07: Global background music market by end-user 2016-2021 (% revenue share)
Exhibit 08: Global background music market by end-user: Revenue comparison 2016-2021 ($ millions)
Exhibit 09: Global background music market by end-user: CAGR comparison 2016-2021 (%)
Exhibit 10: Global background music market in hospitality sector 2016-2021 ($ millions)
Exhibit 11: Global background music market in retail sector 2016-2021 ($ millions)
Exhibit 12: Global background music market in commercial buildings 2016-2021 ($ millions)
Exhibit 13: Global background music market in public infrastructure 2016-2021 ($ millions)
Exhibit 14: Global background music market in other sectors 2016-2021 ($ millions)
Exhibit 15: Buying criteria for background music
Exhibit 16: Global background music market by geography 2016-2021 (% revenue share)
Exhibit 17: Global background music market by geography: Revenue comparison 2016-2021 ($ millions)
Exhibit 18: Global background music market by geography: CAGR comparison 2016-2021 ($ millions)
Exhibit 19: Background music market in Americas 2016-2021 ($ millions)
Exhibit 20: Background music market in EMEA 2016-2021 ($ millions)
Exhibit 21: Background music market in APAC 2016-2021 ($ millions)
Exhibit 22: Key leading countries in global background music market 2016 (% share)
Exhibit 23: Background music market in US 2016-2021 ($ millions)
Exhibit 24: Background music market in UK 2016-2021 ($ millions)
Exhibit 25: Background music market in Japan 2016-2021 ($ millions)
Exhibit 26: Other prominent vendors
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FEATURED COMPANIES

  • Almotech Media Solutions
  • CSI Music Services
  • Easy On Hold
  • HIBOU MUSIC
  • Imagesound
  • Mood Media
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Global Background Music Market 2017-2021

The author of the report recognizes the following companies as the key players in the global background music market: Almotech Media Solutions, Imagesound, Mood Media, NSM Music Group, and PlayNetwork.

Other Prominent Vendors in the market are: CSI Music Services, Easy On Hold, HIBOU MUSIC, Nimbletank, SBA Music, and Sunflower Music.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is increase in number of concerts and live performances. The passion and love for music have led to the formation of many musical bands. This has increased the number of concerts performed by these bands in several places. The interest in music among the younger population has led to an increase in the number of small and large bands that perform various forms of music, including blues, pop, rock, metal, and electronica, resulting in a growth in the number of concerts.”

According to the report, one of the major drivers for this market is Increase in hotel construction. The number of international travelers reached 1.2 billion in 2016, and it is likely to increase by more than 2% during the forecast period. With the growth in the tourism industry, the need for the construction of new hotels and restaurants has increased. Construction companies and hotel owners have seen the potential of the construction market. To maintain their revenue generation, they are focusing on improving and providing luxurious amenities in hotels and restaurants. This is leading to intense competition among hotel owners. Musical elevators and themed background music have become common in restaurants, especially in newly constructed hotels. This is expected to drive the market during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is increased adoption of digital music. Music subscription services are witnessing an increase in the number of subscribers for digital music and streaming services. The growing integration of music streaming applications with social media platforms, such as Facebook, has increased the music subscriptions worldwide. Subscription services are providing consumers the benefit of choice. The freemium business model offered by digital music service providers is aimed at migrating free users to premium paid services while ensuring their sustainability.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Almotech Media Solutions
  • CSI Music Services
  • Easy On Hold
  • HIBOU MUSIC
  • Imagesound
  • Mood Media
  • Nimbletank
  • NSM Music Group
  • PlayNetwork
  • SBA Music
  • Sunflower Music
Note: Product cover images may vary from those shown
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