Sound Masking System Market Revenue Growth Predicted by 2025

Posted by Akshay Solanki on February 18th, 2021

The Global Sound Masking System Market is expected to reach 171.38 Million by 2025, registering a CAGR of 4.8% during the forecast period (2019–2025). In this report, Market Research Future (MRFR) includes market segmentation and market dynamics to offer a better glimpse of the market in the coming years.
Office workers need speech privacy in corporate complexes. To ensure this, several enterprises around the world are deploying sound masking systems in their office buildings. Sound masking system is an electronic acoustical product that enables speech privacy of employees working in both closed and open office environments. Furthermore, sound masking reduces noise disturbance caused by office machinery and other unwanted sounds, enabling employees to concentrate better and enhance their productivity. A sound masking system comprises masking noise generator, amplifiers, an equalizer, and loudspeakers placed above the ceiling tile. An artificial sound referred to as pink or white noise, produced through the loudspeakers by using auditory masking, is added to an office environment to reduce unwanted sound. In November 2017, Cambridge Sound Management, Inc., a provider of sound masking technology partnered with Lutron Electronics, the leader in energy-saving, wireless lighting and shade control, to provide sound masking systems in various sites such as conference rooms, huddle rooms, lobbies, and medical offices. This helps the company that helps in speech protection in private and public spaces. Thus, the need for speech privacy in office buildings is expected to fuel the growth of the global sound masking system market during the forecast period.
Segmental Analysis
The Global Sound Masking System Market has been segmented into type and application.
Based on type, the sound masking system has been categorized as networked and non-networked. The networked segment accounted for the larger market share in 2018 and is expected to register a CAGR of 4.6% during the forecast period. The networked sound masking can be installed in areas including office environments, healthcare facilities, education institutes, and hotels buildings. This one of the major factors responsible for the growth of the networked system market during the forecast period.
By application, the global sound masking system market has been segmented into hospitals & healthcare, hotels, offices, education, and others. The offices segment accounted for the largest market share of 36.1% in 2018, and it is expected to register a CAGR of 5.0% during the forecast period. This is due to the increasing need for speech privacy in an office environment, especially from the nearby surroundings. Furthermore, sound masking systems help to provide a comfortable working environment for the employees by making human speech less intelligible. These are some of the factors responsible for the larger market share of the office segment in the sound masking system market. Whereas the hospitals and healthcare segment was the second-largest market in 2018, valued at USD 27.07 million; it is projected to register the highest CAGR during the assessment period.
Competitive Analysis
The prominent players operating in the sound masking system market are Cambridge Sound Management (US), K.R. Moeller Associates Ltd (Canada), Soundmask Global Pty Ltd (Australia), Speech Privacy Systems (US), AtlasIED (US), AET (UK), SoftDB (Canada), Lencore (US), Jade Communications Inc.(US), Pro Circuit Inc. (US), and Dukane AV Inc. (US).
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Akshay Solanki

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Akshay Solanki
Joined: December 29th, 2020
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