Background Music Market 2019 – 2026: Why It Is Important?

Background music market study focuses on music systems and music streaming services in applications such as retail, leisure and hospitality, restaurants, public organizations, and other spaces.

𝐅𝐨𝐫 𝐈𝐧 𝐝𝐞𝐩𝐭𝐡 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @
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Global Background Music Market: Key Players
Major players operating in the global background music market include PlayNetwork, Inc., TouchTunes Music Corporation, Sirius XM Holdings, Inc., Almotech Media Solutions, Imagesound, Easy on Hold, Soundnet Limited (Soundjack), Xenox Music & Media B.V., Qsic Pty Ltd., Express Melody, OpenEar Music, Auracle Sound, Cloud Cover Music, and Mood Media Corporation.

Mood Media, PlayNetwork, and TouchTunes are some of the key players in the background music market. The global background music market is highly fragmented due to presence of large number of players in the market. The players compete based on system performance, pricing, and variety in offerings to sustain their position in the market.

Market Drivers: Increasing demand for background music in malls and retail sectors is driving the market growth since past few years
Background music is an essential part of malls, retail stores, elevators, and other spaces to create soothing environment. With emergence of e-commerce and thus, decreasing customer footfalls in stores, retailers are finding new ways to enhance customer experience at their brick and mortar stores.

Background music influences engagement of customers and increases their overall time spend in the departmental stores. This enhances the customer’s shopping experience in malls and retails stores due to which retail stores and malls contribute significant share in the growth of background music market. The impact of this driver is expected to remain high over the forecast period.

𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐆𝐥𝐨𝐛𝐚𝐥 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐌𝐮𝐬𝐢𝐜 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:
-𝐌𝐮𝐬𝐢𝐜 𝐒𝐭𝐫𝐞𝐚𝐦𝐢𝐧𝐠
-𝐀𝐕 𝐒𝐲𝐬𝐭𝐞𝐦𝐬

𝐆𝐥𝐨𝐛𝐚𝐥 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐌𝐮𝐬𝐢𝐜 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:
-𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐭𝐨𝐫𝐞𝐬
-𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭𝐬
-𝐄𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭 𝐏𝐥𝐚𝐜𝐞𝐬
-𝐏𝐮𝐛𝐥𝐢𝐜 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧𝐬
-𝐎𝐭𝐡𝐞𝐫𝐬

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