Background Music Market

Background Music Market (Type: AV System Equipment and In-app & Web) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Background Music Market Outlook 2031

  • The global background music market was valued over US$ 1.5 Bn in 2021
  • It is estimated to expand at a CAGR of 5.1% from 2022 to 2031
  • The global background music market is expected to surpass value of US$ 2.3 Bn by the end of 2031

Analysts’ Viewpoint on Background Music Market Scenario

The background music market is driven by the demand from various end-use segments such as hotels, fitness & recreational sports centers, spas and wellness centers, etc. Music in the background fills a sense of cheerfulness to business spaces, boosting the experience of customers at malls or gyms or even restaurants. Moreover, there is a growing awareness about the positive impact of music on employees in corporate spaces, which is another factor driving the background music market. In addition, numerous manufacturers in the background music market are acquiring small-scale companies or working in collaboration with companies to gain a competitive edge in the global market. However, unauthorized replication and distribution of sound recordings known as music piracy have been impacting the background music market growth.

background music market

Overview of Background Music Market

Background music is becoming a necessary component in almost all current commercial infrastructures. The purpose of background music is to improve the ambiance of a commercial location. Furthermore, organizations have noticed the marketing side of background music as a way to boost productivity by strengthening customer relationships.

Surge in Demand for Background Music in Hospitality Sector Fuels Market Growth

Background music is important in the hospitality sector since it serves as a medium for attracting customers' attention. Consumers can purchase food from the comfort of their own homes via online services, which has resulted in a significant drop in the number of people visiting eateries. In order to meet this challenge, restaurants are providing extensive menus, in-house entertainment, excellent service, and other value-added services, along with background music systems playing an important role in enhancing the customer experience.

Rise in Use of Background Music at Foodservice Outlets for Customer Engagement to Drive Global Market

Background music is gaining immense popularity in pubs, cafes, bars, and restaurants. These foodservice outlets are increasingly focusing on several profitable strategies to enhance consumer experience. Furthermore, background music in these outlets also helps to hold consumers for a longer period of time, which, in turn, helps in increasing the average money spent by consumers.

Music Streaming Through In-Apps Web Gains Popularity at Gyms, Sports Clubs

The global background music market has been bifurcated into AV system equipment and In-apps web. The AV system equipment segment held a key share, and is also expected to grow at the highest CAGR during the forecast period. The AV system equipment market is driven by demand from health clubs and the hospitality sector. According to the International Health, Racquet & Sports Club Association (IHRSA), 174 million members are served by 201,000 health clubs and more. This lends credibility to the burgeoning gym and health club segment, which will open up several avenues for market growth. Furthermore, due to the relevance of music in reducing weariness in gym-goers, owners use it throughout training sessions, resulting in the rise in use of background music systems

Regional Outlook of Background Music Market

The growth of the background music market is being driven by rising number of commercial spaces such as shopping malls, cafes, and restaurants. Malls are including value-added components, such as background music, to create an atmosphere of leisure and pleasure that is difficult to replicate online. Key players in the background music market are focusing on entering emerging markets such as the Indian Subcontinent with their unique music offerings. The diverse and authentic Indian restaurants are highly popular among tourists. This is likely to contribute to the growth of the Asia Pacific background music market in the near future.

Analysis of Key Players in Global Background Music Market

Key players operating in the background music market are focusing on research & development and expansion of product portfolio to attract more customers. Furthermore, numerous manufacturers in the background music market are planning to acquire small-scale companies or work in collaboration with them to gain a competitive share in the global market. USEN CORPORATION, Mood Media, Sirius XM Radio Inc., TouchTunes Music Corporation, PlayNetwork Inc., Imagesound Limited, NSM Music, Music Concierge, Rockbot, and Almotech Limited are the prominent entities operating in this market.

Each of these players has been profiled in the background music market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments in Global Background Music Market

  • In October 2021, SiriusXM and Audio Up Inc. entered into a creative and strategic agreement to develop new original scripted podcasts and audio entertainment concepts. In December 2020, the company launched 1300-class satellite series. This will provide continuous and expanded delivery of its audio entertainment and information services across North America.
  • In September 2020, USEN Corporation launched a product named U Music. It was possible by collaborative research on the AI BGM project which focuses on AI technology fused in background music. This technological advancement will help the company build its reputation globally and expand its opportunity in other countries.

Global Background Music Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 1.5 Bn

Market Forecast Value in 2031

US$ 2.3 Bn

Growth Rate

(CAGR)

5.1%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • AV System Equipment
    • In-app & Web
  • End Use Industry
    • Hotels & Motels
    • Retail Stores
    • Cafes & Restaurants
    • Workplace
    • Fitness and Recreational Sport Centers
    • Spas & Wellness Centers
    • Beauty & Hair Salons
    • Others

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Mexico
  • Germany
  • France
  • Portugal
  • Russia
  • Japan
  • China
  • India
  • GCC Countries
  • South Africa
  • Brazil

Companies Profiled

  • USEN CORPORATION
  • Mood Media
  • Sirius XM Radio Inc.
  • TouchTunes Music Corporation
  • PlayNetwork Inc.
  • Imagesound Limited
  • NSM Music
  • Music Concierge
  • Rockbot
  • Almotech Limited

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the background music market in 2021?

The market valued more than US$ 1.5 Bn

What would be the CAGR During 2022-2031?

The market is estimated to grow at a CAGR of 5.1%

What are the prominent drivers in the background music market?

Rising demand from fitness business segment

How the In-app & web segment is performing in the background music market?

The In-app & web segment is expected to account for the highest market share during the forecast period

How promising is the Asia Pacific region in the background music market?

The Asia Pacific region is likely to be the most lucrative market in the upcoming years

Who are the prominent players in the background music market?

USEN CORPORATION, Mood Media, Sirius XM Radio Inc., TouchTunes Music Corporation, PlayNetwork Inc., Imagesound Limited, NSM Music, Music Concierge, Rockbot, and Almotech Limited

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Key Market Indicators

            5.4.1. Overview of Music & Entertainment Market

        5.5. Covid-19 Impact Analysis

        5.6. Value Chain Analysis

        5.7. Industry SWOT Analysis

        5.8. Global Background Music Market Analysis and Forecast, 2017 - 2031

            5.8.1. Market Value Projections (US$ Mn)

    6. Global Background Music Market Analysis and Forecast, By Type

        6.1. Global Background Music Market Size (US$ Mn) Forecast, By Type, 2017 - 2031

            6.1.1. AV System Equipment

            6.1.2. In-app & Web

        6.2. Incremental Opportunity, By Service Type

    7. Global Background Music Market Analysis and Forecast, By End-user

        7.1. Global Background Music Market Size (US$ Mn) Forecast, By End-user, 2017 - 2031

            7.1.1. Hotels & Motels

            7.1.2. Retail Stores

            7.1.3. Cafes & Restaurants

            7.1.4. Workplace

            7.1.5. Fitness and Recreational Sport Centers

            7.1.6. Spas & Wellness Centers

            7.1.7. Beauty & Hair Salons

            7.1.8. Others (Museums, etc.)

        7.2. Incremental Opportunity, By End-user

    8. Global Background Music Market Analysis and Forecast, Region

        8.1. Global Background Music Market Size (US$ Mn) Forecast, By Region, 2017 - 2031

            8.1.1. North America

            8.1.2. Europe

            8.1.3. Asia Pacific

            8.1.4. Middle East & Africa

            8.1.5. South America

        8.2. Incremental Opportunity, By Region

    9. North America Background Music Market Analysis and Forecast

        9.1. Regional Snapshot

        9.2. Covid-19 Impact Analysis

        9.3. Customer Analysis

        9.4. Background Music Market Size (US$ Mn) Forecast, By Type, 2017 - 2031

            9.4.1. AV System Equipment

            9.4.2. In-app & Web

        9.5. Background Music Market Size (US$ Mn) Forecast, By End-user, 2017 - 2031

            9.5.1. Hotels & Motels

            9.5.2. Retail Stores

            9.5.3. Cafes & Restaurants

            9.5.4. Workplace

            9.5.5. Fitness and Recreational Sport Centers

            9.5.6. Spas & Wellness Centers

            9.5.7. Beauty & Hair Salons

            9.5.8. Others (Museums, etc.)

        9.6. Background Music Market Size (US$ Mn) Forecast, By Country & Sub-region, 2017 - 2031

            9.6.1. U.S.

            9.6.2. Mexico

            9.6.3. Rest of North America

        9.7. Incremental Opportunity Analysis

    10. Europe Background Music Market Analysis and Forecast

        10.1. Regional Snapshot

        10.2. Covid-19 Impact Analysis

        10.3. Customer Analysis

        10.4. Background Music Market Size (US$ Mn) Forecast, By Type, 2017 - 2031

            10.4.1. AV System Equipment

            10.4.2. In-app & Web

        10.5. Background Music Market Size (US$ Mn) Forecast, By End-user, 2017 - 2031

            10.5.1. Hotels & Motels

            10.5.2. Retail Stores

            10.5.3. Cafes & Restaurants

            10.5.4. Workplace

            10.5.5. Fitness and Recreational Sport Centers

            10.5.6. Spas & Wellness Centers

            10.5.7. Beauty & Hair Salons

            10.5.8. Others (Museums, etc.)

        10.6. Background Music Market Size (US$ Mn) Forecast, By Country & Sub-region, 2017 - 2031

            10.6.1. Germany

            10.6.2. France

            10.6.3. Portugal

            10.6.4. Russia

            10.6.5. Rest of Europe

        10.7. Incremental Opportunity Analysis

    11. Asia Pacific Background Music Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Covid-19 Impact Analysis

        11.3. Customer Analysis

        11.4. Background Music Market Size (US$ Mn) Forecast, By Type, 2017 - 2031

            11.4.1. AV System Equipment

            11.4.2. In-app & Web

        11.5. Background Music Market Size (US$ Mn) Forecast, By End-user, 2017 - 2031

            11.5.1. Hotels & Motels

            11.5.2. Retail Stores

            11.5.3. Cafes & Restaurants

            11.5.4. Workplace

            11.5.5. Fitness and Recreational Sport Centers

            11.5.6. Spas & Wellness Centers

            11.5.7. Beauty & Hair Salons

            11.5.8. Others (Museums, etc.)

        11.6. Background Music Market Size (US$ Mn) Forecast, By Country & Sub-region, 2017 - 2031

            11.6.1. China

            11.6.2. India

            11.6.3. Japan

            11.6.4. Rest of Asia Pacific

        11.7. Incremental Opportunity Analysis

    12. Middle East & Africa Background Music Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Covid-19 Impact Analysis

        12.3. Customer Analysis

        12.4. Background Music Market Size (US$ Mn) Forecast, By Type, 2017 - 2031

            12.4.1. AV System Equipment

            12.4.2. In-app & Web

        12.5. Background Music Market Size (US$ Mn) Forecast, By End-user, 2017 - 2031

            12.5.1. Hotels & Motels

            12.5.2. Retail Stores

            12.5.3. Cafes & Restaurants

            12.5.4. Workplace

            12.5.5. Fitness and Recreational Sport Centers

            12.5.6. Spas & Wellness Centers

            12.5.7. Beauty & Hair Salons

            12.5.8. Others (Museums, etc.)

        12.6. Background Music Market Size (US$ Mn) Forecast, By Country & Sub-region, 2017 - 2031

            12.6.1. GCC

            12.6.2. South Africa

            12.6.3. Rest of Middle East & Africa

        12.7. Incremental Opportunity Analysis

    13. South America Background Music Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Covid-19 Impact Analysis

        13.3. Customer Analysis

        13.4. Background Music Market Size (US$ Mn) Forecast, By Type, 2017 - 2031

            13.4.1. AV System Equipment

            13.4.2. In-app & Web

        13.5. Background Music Market Size (US$ Mn) Forecast, By End-user, 2017 - 2031

            13.5.1. Hotels & Motels

            13.5.2. Retail Stores

            13.5.3. Cafes & Restaurants

            13.5.4. Workplace

            13.5.5. Fitness and Recreational Sport Centers

            13.5.6. Spas & Wellness Centers

            13.5.7. Beauty & Hair Salons

            13.5.8. Others (Museums, etc.)

        13.6. Background Music Market Size (US$ Mn) Forecast, By Country & Sub-region, 2017 - 2031

            13.6.1. Brazil

            13.6.2. Rest of South America

        13.7. Incremental Opportunity Analysis

    14. Competition Landscape

        14.1. Market Player – Competition Dashboard

        14.2. Market Share Analysis-2020 (%)

        14.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Financial/Revenue (Segmental Revenue), Strategy & Business Overview, Service Portfolio)

            14.3.1. Mood Media

                14.3.1.1. Company Overview

                14.3.1.2. Sales Area/Geographical Presence

                14.3.1.3. Financial/Revenue (Segmental Revenue)

                14.3.1.4. Strategy & Business Overview

                14.3.1.5. Service Portfolio

            14.3.2. PlayNetwork

                14.3.2.1. Company Overview

                14.3.2.2. Sales Area/Geographical Presence

                14.3.2.3. Financial/Revenue (Segmental Revenue)

                14.3.2.4. Strategy & Business Overview

                14.3.2.5. Service Portfolio

            14.3.3. TouchTunes

                14.3.3.1. Company Overview

                14.3.3.2. Sales Area/Geographical Presence

                14.3.3.3. Financial/Revenue (Segmental Revenue)

                14.3.3.4. Strategy & Business Overview

                14.3.3.5. Service Portfolio

            14.3.4. Usen Corporation

                14.3.4.1. Company Overview

                14.3.4.2. Sales Area/Geographical Presence

                14.3.4.3. Financial/Revenue (Segmental Revenue)

                14.3.4.4. Strategy & Business Overview

                14.3.4.5. Service Portfolio

            14.3.5. SiriusXM for Business

                14.3.5.1. Company Overview

                14.3.5.2. Sales Area/Geographical Presence

                14.3.5.3. Financial/Revenue (Segmental Revenue)

                14.3.5.4. Strategy & Business Overview

                14.3.5.5. Service Portfolio

            14.3.6. Pandora for Business

                14.3.6.1. Company Overview

                14.3.6.2. 14.3.1.2. Sales Area/Geographical Presence

                14.3.6.3. Financial/Revenue (Segmental Revenue)

                14.3.6.4. Strategy & Business Overview

                14.3.6.5. Service Portfolio

            14.3.7. Almotech

                14.3.7.1. Company Overview

                14.3.7.2. Sales Area/Geographical Presence

                14.3.7.3. Financial/Revenue (Segmental Revenue)

                14.3.7.4. Strategy & Business Overview

                14.3.7.5. Service Portfolio

            14.3.8. Imagesound

                14.3.8.1. Company Overview

                14.3.8.2. Sales Area/Geographical Presence

                14.3.8.3. Financial/Revenue (Segmental Revenue)

                14.3.8.4. Strategy & Business Overview

                14.3.8.5. Service Portfolio

            14.3.9. NSM Music.

                14.3.9.1. Company Overview

                14.3.9.2. Sales Area/Geographical Presence

                14.3.9.3. Financial/Revenue (Segmental Revenue)

                14.3.9.4. Strategy & Business Overview

                14.3.9.5. Service Portfolio

            14.3.10. CSI Music

                14.3.10.1. Company Overview

                14.3.10.2. Sales Area/Geographical Presence

                14.3.10.3. Financial/Revenue (Segmental Revenue)

                14.3.10.4. Strategy & Business Overview

                14.3.10.5. Service Portfolio

    15. Key Takeaway

        15.1. Identification of Potential Market Spaces

            15.1.1. Type

            15.1.2. End-user

            15.1.3. Region

        15.2. Preferred Sales & Marketing Strategy

        15.3. Prevailing Market Risks

    List Of Tables

    Table 1: Global Background Music Market, by Type, US$ Mn 2017-2031

    Table 2: Global Background Music Market, by End-user, US$ Mn 2017-2031

    Table 3: Global Background Music Market, by Region, US$ Mn 2017-2031

    Table 4: North America Background Music Market, by Type, US$ Mn 2017-2031

    Table 5: North America Background Music Market, by End-user, US$ Mn 2017-2031

    Table 6: North America Background Music Market, by Country, US$ Mn 2017-2031

    Table 7: Europe Background Music Market, by Type, US$ Mn 2017-2031

    Table 8: Europe Background Music Market, by End-user, US$ Mn 2017-2031

    Table 9: Europe Background Music Market, by Country, US$ Mn 2017-2031

    Table 10: Asia Pacific Background Music Market, by Type, US$ Mn 2017-2031

    Table 11: Asia Pacific Background Music Market, by End-user, US$ Mn 2017-2031

    Table 12: Asia Pacific Background Music Market, by Country, US$ Mn 2017-2031

    Table 13: Middle East & Africa Background Music Market, by Type, US$ Mn 2017-2031

    Table 14: Middle East & Africa Background Music Market, by End-user, US$ Mn 2017-2031

    Table 15: Middle East & Africa Background Music Market, by Country, US$ Mn 2017-2031

    Table 16: South America Background Music Market, by Type, US$ Mn 2017-2031

    Table 17: South America Background Music Market, by End-user, US$ Mn 2017-2031

    Table 18: South America Background Music Market, by Country, US$ Mn 2017-2031

    List of Figures

    Figure 1: Global Background Music Market, by Type, US$ Mn 2017-2031

    Figure 2: Global Background Music Market, Incremental Opportunity Analysis, by Type, US$ Mn 2017-2031

    Figure 3: Global Background Music Market, by End-user, US$ Mn 2017-2031

    Figure 4: Global Background Music Market, Incremental Opportunity Analysis, by End-user, US$ Mn 2017-2031

    Figure 5: Global Background Music Market, by Region, US$ Mn 2017-2031

    Figure 6: Global Background Music Market, Incremental Opportunity Analysis, by Region, US$ Mn 2017-2031

    Figure 7: North America Background Music Market, by Type, US$ Mn 2017-2031

    Figure 8: North America Background Music Market, Incremental Opportunity Analysis, by Type, US$ Mn 2017-2031

    Figure 9: North America Background Music Market, by End-user, US$ Mn 2017-2031

    Figure 10: North America Background Music Market, Incremental Opportunity Analysis, by End-user, US$ Mn 2017-2031

    Figure 11: North America Background Music Market, by Country, US$ Mn 2017-2031

    Figure 12: North America Background Music Market, Incremental Opportunity Analysis, by Country, US$ Mn 2017-2031

    Figure 13: Europe Background Music Market, by Type, US$ Mn 2017-2031

    Figure 14: Europe Background Music Market, Incremental Opportunity Analysis, by Type, US$ Mn 2017-2031

    Figure 15: Europe Background Music Market, by End-user, US$ Mn 2017-2031

    Figure 16: Europe Background Music Market, Incremental Opportunity Analysis, by End-user, US$ Mn 2017-2031

    Figure 17: Europe Background Music Market, by Country, US$ Mn 2017-2031

    Figure 18: Europe Background Music Market, Incremental Opportunity Analysis, by Country, US$ Mn 2017-2031

    Figure 19: Asia Pacific Background Music Market, by Type, US$ Mn 2017-2031

    Figure 20: Asia Pacific Background Music Market, Incremental Opportunity Analysis, by Type, US$ Mn 2017-2031

    Figure 21: Asia Pacific Background Music Market, by End-user, US$ Mn 2017-2031

    Figure 22: Asia Pacific Background Music Market, Incremental Opportunity Analysis, by End-user, US$ Mn 2017-2031

    Figure 23: Asia Pacific Background Music Market, by Country, US$ Mn 2017-2031

    Figure 24: Asia Pacific Background Music Market, Incremental Opportunity Analysis, by Country, US$ Mn 2017-2031

    Figure 25: Middle East & Africa Background Music Market, by Type, US$ Mn 2017-2031

    Figure 26: Middle East & Africa Background Music Market, Incremental Opportunity Analysis, by Type, US$ Mn 2017-2031

    Figure 27: Middle East & Africa Background Music Market, by End-user, US$ Mn 2017-2031

    Figure 28: Middle East & Africa Background Music Market, Incremental Opportunity Analysis, by End-user, US$ Mn 2017-2031

    Figure 29: Middle East & Africa Background Music Market, by Country, US$ Mn 2017-2031

    Figure 30: Middle East & Africa Background Music Market, Incremental Opportunity Analysis, by Country, US$ Mn 2017-2031

    Figure 31: South America Background Music Market, by Type, US$ Mn 2017-2031

    Figure 32: South America Background Music Market, Incremental Opportunity Analysis, by Type, US$ Mn 2017-2031

    Figure 33: South America Background Music Market, by End-user, US$ Mn 2017-2031

    Figure 34: South America Background Music Market, Incremental Opportunity Analysis, by End-user, US$ Mn 2017-2031

    Figure 35: South America Background Music Market, by Country, US$ Mn 2017-2031

    Figure 36: South America Background Music Market, Incremental Opportunity Analysis, by Country, US$ Mn

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