1 / 8

Background Music Market: Growth Potential over the Forecast Period

The Background Music Market size was valued at USD 1.95 billion in 2023 and is projected to reach USD 2.78 billion by 2030, growing at a CAGR of 5.16% from 2024 to 2030.

manasi_05
Télécharger la présentation

Background Music Market: Growth Potential over the Forecast Period

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Background Music Marketglobal Analysis Report 2024-2030 Published by: Manasi, Senior Research Analyst

  2. Market Size & Overview: The global background music market was valued at USD 1.95 billion in 2023 and is projected to reach USD 2.78 billion by 2030, growing at a CAGR of 5.16% from 2024 to 2030. This market includes technologies and services that provide ambient music for various settings, enhancing customer experiences and influencing consumer behavior. Industries such as retail, hospitality, healthcare, restaurants, and entertainment venues utilize background music to set the desired ambiance and promote brand identity.

  3. Market Growth & Opportunities The demand for background music solutions is driven by businesses aiming to create immersive environments for customers. Studies indicate that background music can impact consumer behavior, affecting shopping preferences, dwell time, and purchase decisions. Technological advancements, including audio streaming, cloud-based music libraries, and personalized playlists, have simplified access and management of background music, presenting growth opportunities in the market. Sample Request

  4. Market Segmentation by Deployment Mode • On Premise Solutions • Cloud Based Solutions by End-User • Retail • Healthcare • Corporate • Leisure and Hospitality • Cafes and Restaurants

  5. Regional Analysis: • North America and Europe: These regions currently lead the global background music market, attributed to a strong presence of businesses across various industries and high awareness of background music benefits. Strict regulations and licensing requirements related to public performance rights have also encouraged businesses to adopt professional background music services. • Asia-Pacific (APAC): Emerging economies in the APAC region are experiencing market growth as businesses recognize the importance of creating appealing environments for customers. The expanding hospitality sector, retail industry growth, and increasing popularity of restaurants and cafes are key factors driving demand for background music solutions in this region.

  6. Regional Analysis Customized Report Request

  7. Merges and Acquisition • Mood Media acquired PlayNetworkto strengthen its background music and customer engagement solutions. • SiriusXM acquired Pandora to expand its presence in commercial music streaming. • Apple acquired Primephonicto enhance its music streaming capabilities with classical music integration. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

More Related