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North America held dominant position in the global background music market in 2017 and is projected to retain its dominance throughout the forecast period.
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BACKGROUND BACKGROUND MUSIC MUSIC MARKET MARKET Market Size (2019) Market Size (2019) US$ 1,491.9 MN US$ 1,491.9 MN CAGR ( CAGR (2019 2019– –2027 2027) ) © Coherent Market Insights. All Rights Reserved 6.3% 6.3%
Segmentation (Scope) AV System Music Streaming Retail Stores Restaurants Entertainment Places Public Organizations Others © Coherent Market Insights. All Rights Reserved © Coherent Market Insights. All Rights Reserved
Major Drivers Increasing demand for Background Music in malls and retail sector Changing preference of key end users towards providing luxury facilities to attract customers © Coherent Market Insights. All Rights Reserved © Coherent Market Insights. All Rights Reserved
NORTH AMERICA ASIA PACIFIC Market Size (2018) US$ 497.0 MN Market Size (2018) US$ 315.2 MN CAGR 6.3% CAGR 6.9% © Coherent Market Insights. All Rights Reserved © Coherent Market Insights. All Rights Reserved
Major Players Mood Media Corporation Soundnet Limited (Soundjack) PlayNetwork, Inc. Xenox Music & Media BV TouchTunes Music Corporation Qsic Pty Ltd. Sirius XM Radio Inc. Express In Music Almotech Media Solutions OpenEar Music Imagesound Group Auracle Sound Ltd. Easy On Hold Cloud Cover Music © Coherent Market Insights. All Rights Reserved © Coherent Market Insights. All Rights Reserved