Global Background Music Market By Overview
Background Music Market was valued at US$ 2 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 3.3 Billion by 2034.
In almost all current business infrastructures, background music is becoming a must. Enhancing the atmosphere of a commercial venue is the goal of background music components. Organizations have also taken notice of background music's marketing potential as a means of enhancing client relationships and hence increasing productivity. The shopping experience for customers is improved when background music is played in commercial settings. Due to the rising urbanization and growth of the contemporary infrastructure, the background music market is anticipated to grow. Providers of background music have a promising future in emerging economies with significant increases in modern infrastructure, and new entrants are anticipated to profit from this.
Global Background Music Market By Drivers & Restraints
The demand for background music is being significantly fueled by the hotel sector. A sizable section of the world's population has recently shown interest in using online food delivery services. The effect has been a considerable decline in restaurant patronage. Major restaurants are taking a number of actions to fight this situation, such as adding extensive menus, offering a comfortable atmosphere, and hosting entertainment events inside the establishment. One such effort is the use of background music, which is something many hospitality firms do. They are catching clients' attention and enticing them to eateries with the help of this endeavor. Many businesses have found that having enjoyable music playing in the background motivates employees to provide their best effort.
Global Background Music Market By Segmentations & Regional Insights
Background Music market has been segmented on the basis of type, application, and region.
On the basis of type, the Background Music market is segmented into Incidental Music, Furniture Music, Elevator Music, Video Game & Blog Music, and Internet Delivered Background Music. On the basis of application, the Background Music market is segmented into Retail Stores, Restaurants, Entertainment Places, Public Organizations, and Others.
Regional Insights:
On basis of region the Background Music Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America will have the greatest portion of the market throughout the forecast period. The US's growing background music consumption in a variety of end-use industries is responsible for the region's expansion in North America. A growing number of music subscription services are also helping the background music market in the North American region.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024– 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Type – Incidental Music, Furniture Music, Elevator Music, Video Game & Blog Music, and Internet Delivered Background Music. By Application – Retail Stores, Restaurants, Entertainment Places, Public Organizations, and Others. |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Global Background Music report based on test, application, and region.
Background Music Market, By Type:
- Incidental Music
- Furniture Music
- Elevator Music
- Video Game & Blog Music
- Internet Delivered Background Music.
Background Music Market, By Application:
- Retail Stores
- Restaurants
- Entertainment Places
- Public Organizations
- Others.
Background Music Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Background Music Market By Competitive Landscape & Key Players
The key players operating the Background Music Market includes Mood Media Corporation, PlayNetwork, Inc., TouchTunes Corporation, Usen Corporation, Sirius XM Holdings Inc., Pandora Media, LLC, Almotech Ltd., Imagesound Ltd., On Hold Inc. and Sunflower GmbH company.
Global Background Music Market By Company Profile
- Mood Media Corporation. *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PlayNetwork, Inc.
- TouchTunes Corporation
- Usen Corporation
- Sirius XM Holdings Inc.
- Pandora Media, LLC
- Almotech Ltd.
- Imagesound Ltd.
- On Hold Inc.
- Sunflower GmbH company
“*” marked represents similar segmentation in other categories in the respective section.
Global Background Music Market By Highlights
FAQs
Background Music Market report segments the market basis of type, application, and region.
The hospitality industry is driving significant demand in the background music market.
North America held dominant position in the global background music market in 2017 and is projected to retain its dominance throughout the forecast period.
The leading players operating in the Global Background Music Market includes Mood Media Corporation, PlayNetwork, Inc., TouchTunes Corporation, Usen Corporation, Sirius XM Holdings Inc., Pandora Media, LLC, Almotech Ltd., Imagesound Ltd., On Hold Inc. and Sunflower GmbH company