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Background Music Market Share, Size, Trends, Industry Analysis Report, By Product Type; By End Use, By Regions; Segment Forecast, 2020-2027

  • ID: 5261832
  • Report
  • December 2020
  • Region: Global
  • 98 pages
  • Polaris Market Research

FEATURED COMPANIES

  • Almotech Media Solutions
  • Cloud Cover Music
  • Express Melody
  • Mood Media Corporation
  • PlayNetwork Inc.
  • Sirius XM Holdings Inc.
The global background music market size is expected to reach USD 2.49 billion by 2027, according to the study.

The report “Background Music Market Share, Size, Trends, Industry Analysis Report, By Product Type (AV System, and Music Streaming); By End Use (Retail Stores, Cafes & Restaurants, Leisure & Hospitality, Public Organization, and Others), By Regions; Segment Forecast, 2020-2027; By Regions; Segment Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Restaurants and other food service outlets use multiple marketing tactics and strategies to increase the footfall. Acoustic branding, which involves design and presentation of appropriate background music that reinforces the brand personality is gaining traction among establishments. Within the hospitality industry, it is pivotal that the background music is in sync with brand values to create distinct and unique customer experiences.

Auditory experience plays a vital role in distinguishing the restaurant brands from their competitors, which makes it a key area of consideration for every restaurant or café chain. However, the perceived benefits associated with background music systems can vary from customer to customer, as a result, it has a certain level of limitations to it.

Lucrative business of retail giants such as Walmart, Whole Foods, the Kroger Co., Costco, and Home Depot; and further expansion of retail network is expected to offer growth opportunity for the market. Buoyancy in hospitality industries and adoption of innovative business strategies to enhance profits have positively impacted the demand for background music.

Hiring of music consultants by stores, restaurants, and many other businesses is rising significantly owing to their ability to provide expertise on suitable background music. Music consultants are being increasingly approached by business units to create distinct and cohesive musical identities for their brands, which also implies fusion of the brands with specific heritages. This, in turn, is also creating large-scale penetration for background music systems across various business verticals.

Further, the fitness industry in the region is evolving to align their offerings with changing fitness trends. According to the International Health, Racquet & Sports Club Association (IHRSA), over 25,000 health clubs of fourteen markets in Asia Pacific attracted over 22 million members. The expanding middle class and significant influence of millennial population have significantly propelled the growth of the end-user industries that use background music systems to strengthen consumer relations and obtain business profits.

Some of the key participants in the industry include PlayNetwork, Inc., Sirius XM Holdings, Inc., Auracle Sound, TouchTunes Music Corporation, Imagesound, Soundnet Limited (Soundjack), Easy on Hold, Xenox Music & Media B.V., Express Melody, Qsic Pty Ltd., OpenEar Music, Cloud Cover Music, Almotech Media Solutions, and Mood Media Corporation.

The analyst has segmented the background music market report on the basis of product type, end use, and region.

Background Music Product Type Outlook (Revenue-USD Million, 2016-2027)
  • AV System
  • Music Streaming
Background Music End Use Outlook (Revenue-USD Million, 2016-2027)
  • Retail Stores
  • Cafes & Restaurants
  • Leisure & Hospitality
  • Public Organization
  • Others
Background Music Regional Outlook (Revenue-USD Million, 2016-2027)
  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • Australia
  • Indonesia
  • Central & South America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Almotech Media Solutions
  • Cloud Cover Music
  • Express Melody
  • Mood Media Corporation
  • PlayNetwork Inc.
  • Sirius XM Holdings Inc.

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Background Music Market Insights
4.1. Background Music - Industry snapshot
4.2. Background Music Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. A ‘Valued-Added Service’ to Influence Customer Psychology
4.2.1.2. Use of Acoustic Branding as a Key Marketing Strategy in Restaurants Triggers Adoption
4.2.2. Restraints and Challenges
4.2.2.1. Rising Penetration of Live Bands in Restaurants and Cafés Impedes Growth
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Background Music Market Industry trends

5. Background Music Market Assessment by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Background Music Market, By Product Type, 2016-2027 (USD Million)
5.3. AV System
5.3.1. Global Background Music Market, by AV System, by Region, 2016-2027 (USD Million)
5.4. Music Streaming
5.4.1. Global Background Music Market, by Music Streaming, by Region, 2016-2027 (USD Million)

6. Global Background Music Market, by End Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Background Music Market, By End Use, 2016-2027 (USD Million)
6.3. Retail Stores
6.3.1. Global Background Music Market, by Retail Stores, By Region, 2016-2027 (USD Million)
6.4. Cafes & Restaurants
6.4.1. Global Background Music Market, by Cafes & Restaurants, by Region, 2016-2027 (USD Million)
6.5. Leisure & Hospitality
6.5.1. Global Background Music Market, by Leisure & Hospitality, by Region, 2016-2027 (USD Million)
6.6. Public Organization
6.6.1. Global Background Music Market, by Public Organization, by Region, 2016-2027 (USD Million)
6.7. Others
6.7.1. Global Background Music Market, by Others, by Region, 2016-2027 (USD Million)

7. Background Music Market Assessment by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Background Music Market Assessment, By Geography, 2016-2027 (USD Million)
7.3. Background Music Market - North America
7.3.1. North America: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.3.2. North America: Background Music Market, By End Use, 2016-2027 (USD Million)
7.3.3. Background Music Market - U.S.
7.3.3.1. U.S.: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.3.3.2. U.S.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.3.4. Background Music Market - Canada
7.3.4.1. Canada: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.3.4.2. Canada.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4. Background Music Market - Europe
7.4.1. Europe: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.2. Europe: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4.3. Background Music Market - UK
7.4.3.1. UK: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.3.2. UK: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4.4. Background Music Market - France
7.4.4.1. France: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.4.2. France: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4.5. Background Music Market - Germany
7.4.5.1. Germany: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.5.2. Germany: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4.6. Background Music Market - Italy
7.4.6.1. Italy: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.6.2. Italy: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4.7. Background Music Market - Spain
7.4.7.1. Spain: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.7.2. Spain: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4.8. Background Music Market - Netherlands
7.4.8.1. Netherlands: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.8.2. Netherlands: Background Music Market, By End Use, 2016-2027 (USD Million)
7.4.9. Background Music Market - Austria
7.4.9.1. Austria: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.4.9.2. Austria: Background Music Market, By End Use, 2016-2027 (USD Million)
7.5. Background Music Market - Asia-Pacific
7.5.1. Asia Pacific: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.5.2. Asia Pacific: Background Music Market, By End Use, 2016-2027 (USD Million)
7.5.3. Background Music Market - China
7.5.3.1. China: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.5.3.2. China: Background Music Market, By End Use, 2016-2027 (USD Million)
7.5.4. Background Music Market - India
7.5.4.1. India: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.5.4.2. India.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.5.5. Background Music Market - Malaysia
7.5.5.1. Malaysia: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.5.5.2. Malaysia: Background Music Market, By End Use, 2016-2027 (USD Million)
7.5.6. Background Music Market - Japan
7.5.6.1. Japan: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.5.6.2. Japan: Background Music Market, By End Use, 2016-2027 (USD Million)
7.5.7. Background Music Market - Indonesia
7.5.7.1. Indonesia: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.5.7.2. Indonesia: Background Music Market, By End Use, 2016-2027 (USD Million)
7.5.8. Background Music Market - Australia
7.5.8.1. Australia: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.5.8.2. Australia.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.6. Background Music Market - Middle East & Africa
7.6.1. Middle East & Africa: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.6.2. Middle East & Africa.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.6.3. Background Music Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.6.3.2. Saudi Arabia.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.6.4. Background Music Market - UAE
7.6.4.1. UAE: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.6.4.2. UAE: Background Music Market, By End Use, 2016-2027 (USD Million)
7.6.5. Background Music Market - Israel
7.6.5.1. Israel: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.6.5.2. Israel: Background Music Market, By End Use, 2016-2027 (USD Million)
7.6.6. Background Music Market - South Africa
7.6.6.1. South Africa: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.6.6.2. South Africa: Background Music Market, By End Use, 2016-2027 (USD Million)
7.7. Background Music Market - Latin America
7.7.1. Latin America: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.7.2. Latin America: Background Music Market, By End Use, 2016-2027 (USD Million)
7.7.3. Background Music Market - Mexico
7.7.3.1. Mexico: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.7.3.2. Mexico.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.7.4. Background Music Market - Brazil
7.7.4.1. Brazil: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.7.4.2. Brazil.: Background Music Market, By End Use, 2016-2027 (USD Million)
7.7.5. Background Music Market - Argentina
7.7.5.1. Argentina: Background Music Market, By Product Type, 2016-2027 (USD Million)
7.7.5.2. Argentina.: Background Music Market, By End Use, 2016-2027 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.2 Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. PlayNetwork, Inc.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product/Services Benchmarking
9.1.4. Recent Developments
9.2. Sirius XM Holdings, Inc.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product/Services Benchmarking
9.2.4. Recent Developments
9.3. Auracle Sound
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product/Services Benchmarking
9.3.4. Recent Developments
9.4. TouchTunes Music Corporation
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product/Services Benchmarking
9.4.4. Recent Developments
9.5. Imagesound
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product/Services Benchmarking
9.5.4. Recent Developments
9.6. Soundnet Limited
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product/Services Benchmarking
9.6.4. Recent Developments
9.7. Easy on Hold
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product/Services Benchmarking
9.7.4. Recent Developments
9.8. Xenox Music & Media B.V.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product/Services Benchmarking
9.8.4. Recent Developments
9.9. Express Melody
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product/Services Benchmarking
9.9.4. Recent Developments
9.10. OpenEar Music
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product/Services Benchmarking
9.10.4. Recent Developments

Note: Product cover images may vary from those shown
  • PlayNetwork Inc.
  • Sirius XM Holdings Inc.
  • Auracle Sound
  • TouchTunes Music Corporation
  • Imagesound
  • Soundnet Limited (Soundjack)
  • Easy on Hold
  • Xenox Music & Media B.V.
  • Express Melody
  • Qsic Pty Ltd.
  • OpenEar Music
  • Cloud Cover Music
  • Almotech Media Solutions
  • Mood Media Corporation
Note: Product cover images may vary from those shown
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