Background Music 2018 Global Market Expected to Grow at CAGR 2.89% and Forecast to 2020

 
The analysts forecast the global background music market to grow at a CAGR of 2.89% during the period 2016-2020. 

Background music is an integral part of modern commercial space like malls, retail stores, transit, elevators and other public spaces. This kind of music is intended for passive listening, and it helps in improving the ambience of the place. It is also seen to affect the customer's mood positively, resulting in better shopping experiences for the customers and the retailers. The increase in the number of commercial spaces, high preference for entertainment, and growth in the tourism sector are the major factors that are driving the market growth.
 
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Covered in this report 
The report covers the present scenario and the growth prospects of the global background music market for 2016-2020. To calculate the market size, Technavio considers the revenue generated by background music used in restaurants, department stores, shopping malls, elevators, airports, cruise ships, and corporate offices in the Americas, APAC, and EMEA. 

The market is divided into the following segments based on geography: 
• Americas 
• APAC 
• EMEA 

The report, Global Background Music Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• Almotech 
• Imagesound 
• Mood Media 
• NSM Music 
• PlayNetwork

Other prominent vendors 
• CSI Music 
• Easy on Hold 
• Hibou Music 
• Sunflower Music 
• Soundjack

Market driver 
• Increased use of background music in elevators 
• For a full, detailed list, view our report 

Market challenge 
• Availability of alternative media 
• For a full, detailed list, view our report 

Market trend 
• Availability of advanced music-mixing systems 
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2020 and what will the growth rate be? 
• What are the key market trends? 
• What is driving this market? 
• What are the challenges to market growth? 
• Who are the key vendors in this market space? 
• What are the market opportunities and threats faced by the key vendors? 
• What are the strengths and weaknesses of the key vendors? 
 
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Table Of Contents – Major Key Points

PART 01: Executive summary
• Highlights

PART 02: Scope of the report
• Market overview
• Customer segments
• Base year
• Vendor segmentation

PART 03: Market research methodology
• Research methodology
• Economic indicators

PART 04: Introduction
• Key market highlights

PART 05: Industry overview
• Evolution of music industry
• Type of music by service
• Types of music fans

PART 06: Market landscape
• Market overview
• Product life cycle
• Global Music Market
• Global background music market
• Global music market versus global background music market
• Five forces analysis

PART 07: Market segmentation by customer
• Global background music market by customer
• Global background music market in hospitality industry
• Global background music market in retail industry
• Global background music market in commercial buildings
• Global background music market in public infrastructure

PART 08: Geographical segmentation
• Global background music market by geography
• Background music market in Americas
• Background music market in EMEA
• Background music market in APAC

PART 09: Buying criteria

PART 10: Market drivers
• Increased use of background music in elevators
• Need to provide better shopping experience to boost sales
• Increased use of background music in tourism industry
• High preference for entertainment

PART 11: Impact of drivers

PART 12: Market challenges
• Availability of alternative media
• Availability of royalty-free background music
• Replacement of background music with visual displays
• Adherence to changing customer preferences

Continued…..

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