PUBLISHER: TechNavio | PRODUCT CODE: 1684885
PUBLISHER: TechNavio | PRODUCT CODE: 1684885
The background music market is forecasted to grow by USD 608 million during 2024-2029, accelerating at a CAGR of 9.3% during the forecast period. The report on the background music market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for bgm in retail sector, growing use of bgm in public spaces, and increased regulatory pressure to prevent music piracy and copyright infringement.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 8.3% |
CAGR | 9.3% |
Incremental Value | $608 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's background music market is segmented as below:
By Product Type
By End-user
By Genre
By Geographical Landscape
This study identifies the growth of music subscription services as one of the prime reasons driving the background music market growth during the next few years. Also, availability of advanced music-mixing systems and introduction of music modernization act will lead to sizable demand in the market.
The report on the background music market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading background music market vendors that include Almotech Media Solutions, AMI Entertainment Network LLC, Auracle Sound Ltd., Brandtrack Inc., CMRRA SODRAC Inc., Heartbeats International AB, HIBOU MUSIC LIBRARY, Imagesound Group, Liberty Media Corp., Mood Media Corp., Open Ear Music Ltd., Qsic Pty Ltd., Rockbot Inc., SOUNDMACHINE, Soundreef, Soundtrack Your Brand Sweden AB, Stingray Media Group., TouchTunes Music Corp., USEA Pte Ltd., and Xenox Music and Media B.V.. Also, the background music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: