Report overview
All the music played by the business site through professional technical equipment is collectively referred to as "background music".In the shopping environment, store music is an important factor affecting consumers' shopping experience.The compound annual growth rate from 2019 to 2025 is 6%, according to QYR analyst market research.The increase in the use of background music in travel and retail stores was one of the major growth factors for the global market.Using background music in these places can reduce the boredom of visitors and improve their overall experience.Regionally, North America and Europe are relatively mature markets that are dominating market development.In 2018, the north American background music market grew at a compound annual rate of 6% over the last five years.The overall European market for background music is growing at a compound annual rate of 7 per cent.The asia-pacific region will be the fastest growing market for some time to come, especially for the fast-growing markets of Japan, China and India.Mood Media, SiriusXM for Business, Usen Corporation, TouchTunes, PlayNetwork, Pandora for Business are the leading providers of in-store music services in the global market.The nature of the service determines the existence of many small suppliers in the market. The global background music market is highly competitive and fragmented.Providers compete on pricing, size and type of music library, copyright, and so on to maintain market position.In order to expand their influence and market share, suppliers must not only develop new ideas and technologies, but also keep abreast of emerging technologies and current music trends that may affect their services in order to remain competitive in the market.Based on end users, the market is divided into retail stores, cafes and restaurants, leisure and hotels, public organizations, etc.In 2018, leisure and hospitality accounted for the largest market share with 30%, with retail stores and cafes and restaurants also playing an important role in the in-store BG music service market.Based on the solution, the market is divided into music streaming media services and AV system equipment.Music Streaming Service occupied the largest market share in 2018, with a market share of more than 85%.The availability of advanced music mixing systems is one of the latest trends that will gain momentum in the background music market over the next few years.Most major in-store music service providers have established sales networks.These have been keen to expand their sales of background music through their licensed distributors or their partners.In order to achieve better sales business, background music providers usually invest in their marketing channels every year.
This report aims to provide a comprehensive presentation of the global market for In-store Music Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding In-store Music Service. This report contains market size and forecasts of In-store Music Service in global, including the following market information:
Global In-store Music Service Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global In-store Music Service market was valued at US$ 1788.3 million in 2022 and is projected to reach US$ 2677.2 million by 2029, at a CAGR of 5.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global In-store Music Service key players include Mood Media, SiriusXM for Business, Usen Corporation, etc. Global top three manufacturers hold a share about 30%.
North America is the largest market, with a share over 40%, followed by Europe, and Asia Pacific, both have a share about 50 percent.
In terms of product, Streaming Media Service is the largest segment, with a share over 85%. And in terms of application, the largest application is Leisure Places and Hotels, followed by Retail Stores, Cafes and Restaurants, Public Institutions, etc.
We surveyed the In-store Music Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global In-store Music Service Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global In-store Music Service Market Segment Percentages, by Type, 2022 (%)
Streaming Media Service
Audio Equipment
Global In-store Music Service Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global In-store Music Service Market Segment Percentages, by Application, 2022 (%)
Retail Stores
Cafes and Restaurants
Leisure Places and Hotels
Public Institutions
Others
Global In-store Music Service Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global In-store Music Service Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies In-store Music Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies In-store Music Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Mood Media
PlayNetwork
TouchTunes
Usen Corporation
SiriusXM for Business
Pandora for Business
Almotech
Imagesound
NSM Music.
CSI Music
Easy on Hold
Sunflower Music
Soundjack
Xenon Music Media
Soundtrack Your Brand
Jamendo Listening
Heartbeats International
SoundMachine
Rockbot
Jukeboxy
Cloud Cover Music
Custom Channels
Auracle Sound
Brandtrack
Kasimu
Soundreef
Express Melody
Qsic
StorePlay
Open Ear Music
Outline of Major Chapters:
Chapter 1: Introduces the definition of In-store Music Service, market overview.
Chapter 2: Global In-store Music Service market size in revenue.
Chapter 3: Detailed analysis of In-store Music Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of In-store Music Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
