Key Market Dynamics:
- Market Driver
- Market Challenges
The demand for BGM in retail sector and the growing use of BGM in public spaces are some of the key market drivers. However, factors such as low margins for BGM vendors will challenge market growth.
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The background music market report is segmented by end-user (hospitality, retail, commercial buildings, public infrastructure, and others) and geography (Europe, North America, APAC, MEA, and South America). Europe will be the leading region with 44% of the market's growth during the forecast period. The UK, Germany, and Italy are the key markets for background music in Europe.
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Some Companies Mentioned
- Almotech Media Solutions
- Imagesound Group
- Mood Media Corp.
- NSM Music
- PlayNetwork Inc.
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Background Music Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 7% |
Market growth 2021-2025 |
USD 368.59 million |
Market structure |
Fragmented |
YoY growth (%) |
4.52 |
Regional analysis |
Europe, North America, APAC, MEA, and South America |
Performing market contribution |
Europe at 44% |
Key consumer countries |
US, UK, China, Germany, and Italy |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Almotech Media Solutions, Imagesound Group, Mood Media Corp., NSM Music, PlayNetwork Inc., Qsic Pty Ltd., Rockbot, Sirius XM Holdings Inc., AMI Entertainment Network LLC, and SOUNDMACHINE. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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