Global Background Music market will be 1840.98 million USD in 2022

Background music is the music played in the background in stores, malls, transit, elevators, and other public places. In 2016, the global Background Music market size was 1259.74 million USD, and it will be 1840.98 million USD in 2022, with a CAGR of 6.53% between 2016 and 2022.

Publisher: QYResearch

Published Date: 2018/6/4

Background music is an integral part of modern commercial space like malls, retail stores, transit, elevators and other public spaces. This kind of music is intended for passive listening, and it helps in improving the ambience of the place. It is also seen to affect the customer's mood positively, resulting in better shopping experiences for the customers and the retailers. The increase in the number of commercial spaces, high preference for entertainment, and growth in the tourism sector are the major factors that are driving the market growth.

Background music is the music played in the background in stores, malls, transit, elevators, and other public places. In 2016, the global Background Music market size was 1259.74 million USD, and it will be 1840.98 million USD in 2022, with a CAGR of 6.53% between 2016 and 2022.

USA is one of the largest consumption countries of Background Music in the world in the past few years and it will keep increasing in the next few years. USA market took up about 31.34% global market in 2016, while Europe was 28.18%, and Japan is followed with the share about 9.75%.

Mood Media, PlayNetwork, TouchTunes, Usen Corporation, SiriusXM for Business and Pandora for Business are key service providers in Global background music market. The global background music market is highly competitive and fragmented due to the presence of quite a few providers. The providers compete on the basis of pricing, music library size, and genre to sustain in the market.

Each of the Background Music participants has its own mature sales networks. Through their authorized distributors or their partners, Background Music companies keep keen on expanding their Background Music sales. To achieve better sales businesses, Background Music providers usually invest on their marketing channel every year.

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