Background Music Market Analysis of Effective Business
Strategies 2018 To 2026
Background Music Market study provides key insights about market
drivers, restraints, opportunities, new product launches or approval,
regional outlook, and competitive strategies adopted by the leading
players.
The global background music market was valued at US$ 1.35 billion in 2017 and is projected to
reach US$ 2.31 billion by 2026, registering a CAGR of 6.3% over the forecast period (2018-
2026), according to Background Music Market Report, by Product Type (AV System and Music
Streaming), by Application (Retail Stores, Restaurants, Entertainment Places, Public
Organizations, and Others), and by Region (North America, Europe, Asia Pacific, Latin America,
Middle East, and Africa), published by Coherent Market Insights. Increasing demand for
background music in retail stores and restaurants is driving growth of the background music
market. Moreover, increasing number of paid subscriptions is also fueling the market growth.
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Availability of variety of music online and affordable subscription services have increased
demand for background music. Rather than using compact disc, retailers are now downloading
and constantly updating music from online sources. In 2017, retail stores and restaurants
segments accounted for 29.3% and 31.0% share respectively in background music market. In