- Music Streaming
- AV Systems Equipment
Background Music Market size is valued at USD 690.95 million in 2022 and is poised to grow at a significant CAGR of 6.3% from 2023-2029. Upsurge in the acceptance of background music services by the business outlets such as restaurants and bars, pubs, retail stores, fitness centers, spa, salons, and other commercial outlets to proliferate their sales by attracting the customers is a key factor driving the growth of background music market over the coming years. This report studies the market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the market report include suppliers, manufacturers, and marketers, policy makers engaged in global background music products.
Fastest Growing Market
Background music is adopted by various business outlets such as restaurants and bars, pubs, retail stores, fitness centers, spa, salons, and other commercial outlets in order to increase their sales. Background music attracts customers because it gives a sense of relaxation to them. Furthermore, upsurge in the adoption of background music in the hospitality industry also increases the revenue growth of global background music market over the forecast years. Moreover, apart from having a positive influence on customers, background music also helps in boosting the productivity of the employees working at the store.
The background music market is projected to expand at a CAGR of 6.3% during the forecast period.
North America is the fastest-growing region for background music market
Mood Media, PlayNetwork, USEN Corporation, Imagesound Group, NSM Music
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