- Music Streaming
- AV Systems Equipment
Background Music Market size is valued at USD 690.95 million in 2021 and is expected to reach a value of USD 1,059.69 million by 2028, growing at a CAGR of 6.3% during the forecast period 2022-2028. 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.
Background Music Market Summary
Study Period
2023-29
Base Year
2022
CAGR
6.3%
Largest Market
Europe
Fastest Growing Market
– North America
Background Music Market Dynamics
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.
North-America Got Significant Share
Background Music Market
North America accounted for larger revenue share in global background music market with significant CAGR owing to the presence of major market players. Furthermore, frequent releases of music albums by the American singers keep the pace of the music industries and new songs are always available for the public to stream in their phones. Europe background music market accounted for a substantial share in global background music market due to the custom of listening to music in gym and during traveling among the European population. Additionally, technological development in the music market is also streaming the market growth in Europe region. Asia Pacific background music market expected to grow meaningfully due to their developing economies especially in countries like India and China. In India the Bollywood industries spends a lot for the background music of the films and the audience also enjoys the Bollywood theme music thus contributing in the growth of background music market in the APAC region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market and forecast
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Background Music Market Segmentation
Product Type
End User
- Retail Stores
- Café & Restaurants
- Public Organizations
- Leisure & Hospitality
- Others
Geography
- North America
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Frequently Asked Questions
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
Table of Content
- Executive Summary
- Global Background Music Market Introduction
- Global Background Music Market – Taxonomy
- Global Background Music Market –Definitions
- By ProductType
- By End User
- Global Background Music Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Background Music Market Dynamic Factors - Impact Analysis
- Global Background Music Market – Competition Landscape
- Global Background Music Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global Background Music Market, By Product Type, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Music Streaming
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- AV Systems Equipment
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Music Streaming
- Global Background Music Market, By End User, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Retail Stores
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Café & Restaurants
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Public Organizations
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Leisure & Hospitality
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Others
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Retail Stores
- Global Background Music Market Forecast, By Region, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- North America
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Background Music Market - Opportunity Analysis Index, By Product Type, End User, and Region, 2019 - 2025
- North America
- North America Background Music Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Music Streaming
- AV Systems Equipment
- End User Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Retail Stores
- Café & Restaurants
- Public Organizations
- Leisure & Hospitality
- Others
- Country Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- USA
- Canada
- North America Background Music Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2019 - 2025
- North America Background Music Market Dynamics – Trends
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Europe Background Music Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Music Streaming
- AV Systems Equipment
- End User Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Retail Stores
- Café & Restaurants
- Public Organizations
- Leisure & Hospitality
- Others
- Country Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Rest of Europe
- Europe Background Music Market - By Product Type, End User, and Country, 2019 - 2025
- Europe Background Music Market Dynamics – Trends
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Asia Pacific Background Music Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Music Streaming
- AV Systems Equipment
- End User Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Retail Stores
- Café & Restaurants
- Public Organizations
- Leisure & Hospitality
- Others
- Country Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Asia-Pacific Background Music Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2019 - 2025
- Asia-Pacific Background Music Market Dynamics – Trends
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Latin America Background Music Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Music Streaming
- AV Systems Equipment
- End User Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Retail Stores
- Café & Restaurants
- Public Organizations
- Leisure & Hospitality
- Others
- Country Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Latin America Background Music Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2019 - 2025
- Latin America Background Music Market Dynamics – Trends
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Middle East and Africa Background Music Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn)
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Music Streaming
- AV Systems Equipment
- End User Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Retail Stores
- Café & Restaurants
- Public Organizations
- Leisure & Hospitality
- Others
- Country Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- MEA Background Music Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2019 - 2025
- MEA Background Music Market Dynamics – Trends
- Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- Mood Media (USA)
- PlayNetwork (USA)
- USEN Corporation (Japan)
- Imagesound Group (UK)
- NSM Music (UK)
- Sunflower Music (UK)
- Soundtrack Your Brand (Sweden)
- Jamendo Listening (Luxembourg)
- SoundMachine (USA)
- Rockbot (USA)
- Jukeboxy (USA)
- Cloud Cover Music (USA)
- Custom Channels (USA)
- Auracle Sound (New York)
- Brandtrack (Argentina)
- Soundreef (UK)
- Express Melody (Singapore)
- Qsic (Australia)
- Open Ear Music (UK)
- Research Methodology
- Key Assumptions and Acronyms
- Mood Media (USA)
- PlayNetwork (USA)
- USEN Corporation (Japan)
- Imagesound Group (UK)
- NSM Music (UK)
- Sunflower Music (UK)
- Soundtrack Your Brand (Sweden)
- Jamendo Listening (Luxembourg)
- SoundMachine (USA)
- Rockbot (USA)
- Jukeboxy (USA)
- Cloud Cover Music (USA)
- Custom Channels (USA)
- Auracle Sound (New York)
- Brandtrack (Argentina)
- Soundreef (UK)
- Express Melody (Singapore)
- Qsic (Australia)
- Open Ear Music (UK)