Background Music Market Predicted to Witness Surge in The Near Future
Posted by factmr on December 13th, 2019
Fact.MR’s report on Global Background Music Market
According to a recent study of Fact.MR, the background music market is estimated to reach approximately US$ 650 Mn in 2019, registering a Y-o-Y growth at 6.4%. Building unique identity and increasing the consumer footfall are key factors that have been driving the adoption of background music among brick & mortar stores in recent years. These stores are also putting efforts toward strengthening their relationship with consumers using audio branding. According to the report, the background music market is projected to grow at 7% CAGR through 2027.
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In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global Background Music market considering 2013-2017 as the historic year and 2018–2027 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The Background Music market study outlines the key regions – North America, Latin America, Europe, Japan, APEJ and Middle East & Africa– along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are Pandora, Brandtrack, Mood Media, Kasimu, Cloud Cover Music, Open Ear Music, Qsic Pty Ltd., Easy on Hold, Jukeboxy, Sunflower Music Company, NSM Music Ltd., Xenox Music Media, Soundtrack your Brand, SoundMachine, Heartbeats International, Express Melody, Almotech, Custom Channels, CSI Music Service, Almotech, TouchTunes, StorePlay, and USEN Holding Corporation Inc.
The Background Music market report addresses the below-mentioned queries:
On the basis of end use, the Background Music market study incorporates:
Crucial insights in the Background Music market research:
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