Market Overview:
The global in-store background music market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for background music in retail stores, cafes & restaurants, leisure & hospitality, and public organizations. Additionally, the growing trend of using AV system equipment for providing background music is also propelling the growth of this market. However, high installation and maintenance costs associated with AV system equipment are restraining the growth of this market to some extent. On the basis of type, the global in-store background music market can be segmented into music streaming and AV system equipment. Music streaming accounted for a major share of this market in 2017 and is expected to maintain its dominance during the forecast period owing to its low installation and maintenance costs as compared to AV system equipment.
Product Definition:
In-store Background Music is the term used to describe the type of music that is played in a retail store. This type of music can be used to create a specific mood or atmosphere, and can also be used to promote certain products or brands. In-store Background Music can be very important for retailers, as it can help create a more positive shopping experience for customers and encourage them to spend more time in the store.
Music Streaming:
In-store background music is the playing of recorded music in retail stores to enhance customer shopping experience. The concept has been around for a while but only recently has it started to gain traction. In-store background music can be used by any store, big or small, and works well with all types of customers; it does not require an extensive marketing budget like video advertising and other forms of promotion either.
AV System Equipment:
AV system equipment is used to play back the audio tracks and provide an enhanced experience to the customers. The AV system includes components such as a player, amplifier, speakers, and headphones. The growing trend of installing sound systems in automobiles has been acting as one of the major factors driving market growth over the past few years. In addition, rising demand for home theatre systems coupled with increasing disposable income levels in emerging economies including China & India is expected to boost industry growth over the forecast period.
Application Insights:
The retail stores segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The use of background music in supermarkets, hypermarkets, shopping malls and boutique stores has become a trend to attract customers. Moreover, increasing preference for online shopping is expected to drive demand over the forecast period as consumers prefer listening to purchases being made through headphones while browsing through websites. This has led retailers such as Walmart Inc., Carrefour S.A., Ahold USA Inc., Metro AG and others adopt various strategies including providing free Wi-Fi access in their stores along with an app that helps customers scan product codes from their smartphones which eventually saves time during checkouts at brick-and-mortar retail locations.
Regional Analysis:
North America dominated the global in-store background music market with a revenue share of over 35.0% in 2017. This growth can be attributed to the rising adoption of digital services and technologies, such as online shopping, among consumers. Furthermore, increasing demand for on-demand music streaming has led to an increase in demand for portable audio systems that can be used privately at home or while traveling within the car. The U.S.
Asia Pacific is expected to witness significant growth during the forecast period owing to growing consumer awareness regarding health.
Growth Factors:
- Increasing demand for background music in retail stores to create a positive customer experience
- Proliferation of portable devices and headphones that allow customers to listen to personal music selections while shopping
- Advances in digital signage and audio technologies that provide more flexibility and options for retailers when selecting background music content
- Growing trend of "experiential" retailing, which emphasizes the use of sensory elements like music to create a unique shopping environment
- Increased focus on customer retention and loyalty programs by retailers, which can be enhanced through the use of customized background music
Scope Of The Report
Report Attributes
Report Details
Report Title
In-store Background Music Market Research Report
By Type
Music Streaming, AV System Equipment
By Application
Retail Stores, Cafes & Restaurants, Leisure & Hospitality, Public Organizations, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global In-store Background Music Market Report Segments:
The global In-store Background Music market is segmented on the basis of:
Types
Music Streaming, AV System Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Stores, Cafes & Restaurants, Leisure & Hospitality, Public Organizations, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The In-store Background Music Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Music Streaming
- AV System Equipment
- By Application:
- Retail Stores
- Cafes & Restaurants
- Leisure & Hospitality
- Public Organizations
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the In-store Background Music Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
In-store background music is a type of audio that plays in retail establishments such as grocery stores, pharmacies, and convenience stores. It is typically used to create an ambient atmosphere and to help customers feel comfortable while shopping.
Some of the major players in the in-store background music market are 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.
The in-store background music market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 In-store Background Music Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 In-store Background Music Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 In-store Background Music Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the In-store Background Music Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global In-store Background Music Market Size & Forecast, 2018-2028
4.5.1 In-store Background Music Market Size and Y-o-Y Growth
4.5.2 In-store Background Music Market Absolute $ Opportunity
Chapter 5 Global In-store Background Music Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 In-store Background Music Market Size Forecast by Type
5.2.1 Music Streaming
5.2.2 AV System Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global In-store Background Music Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 In-store Background Music Market Size Forecast by Applications
6.2.1 Retail Stores
6.2.2 Cafes & Restaurants
6.2.3 Leisure & Hospitality
6.2.4 Public Organizations
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global In-store Background Music Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 In-store Background Music Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America In-store Background Music Analysis and Forecast
9.1 Introduction
9.2 North America In-store Background Music Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America In-store Background Music Market Size Forecast by Type
9.6.1 Music Streaming
9.6.2 AV System Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America In-store Background Music Market Size Forecast by Applications
9.10.1 Retail Stores
9.10.2 Cafes & Restaurants
9.10.3 Leisure & Hospitality
9.10.4 Public Organizations
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe In-store Background Music Analysis and Forecast
10.1 Introduction
10.2 Europe In-store Background Music Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe In-store Background Music Market Size Forecast by Type
10.6.1 Music Streaming
10.6.2 AV System Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe In-store Background Music Market Size Forecast by Applications
10.10.1 Retail Stores
10.10.2 Cafes & Restaurants
10.10.3 Leisure & Hospitality
10.10.4 Public Organizations
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific In-store Background Music Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific In-store Background Music Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific In-store Background Music Market Size Forecast by Type
11.6.1 Music Streaming
11.6.2 AV System Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific In-store Background Music Market Size Forecast by Applications
11.10.1 Retail Stores
11.10.2 Cafes & Restaurants
11.10.3 Leisure & Hospitality
11.10.4 Public Organizations
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America In-store Background Music Analysis and Forecast
12.1 Introduction
12.2 Latin America In-store Background Music Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America In-store Background Music Market Size Forecast by Type
12.6.1 Music Streaming
12.6.2 AV System Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America In-store Background Music Market Size Forecast by Applications
12.10.1 Retail Stores
12.10.2 Cafes & Restaurants
12.10.3 Leisure & Hospitality
12.10.4 Public Organizations
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) In-store Background Music Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) In-store Background Music Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) In-store Background Music Market Size Forecast by Type
13.6.1 Music Streaming
13.6.2 AV System Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) In-store Background Music Market Size Forecast by Applications
13.10.1 Retail Stores
13.10.2 Cafes & Restaurants
13.10.3 Leisure & Hospitality
13.10.4 Public Organizations
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 In-store Background Music Market: Competitive Dashboard
14.2 Global In-store Background Music Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mood Media
14.3.2 PlayNetwork
14.3.3 TouchTunes
14.3.4 Usen Corporation
14.3.5 SiriusXM for Business
14.3.6 Pandora for Business
14.3.7 Almotech
14.3.8 Imagesound
14.3.9 NSM Music.
14.3.10 CSI Music
14.3.11 Easy on Hold
14.3.12 Sunflower Music
14.3.13 Soundjack
14.3.14 Xenon Music Media
14.3.15 Soundtrack Your Brand
14.3.16 Jamendo Listening
14.3.17 Heartbeats International
14.3.18 SoundMachine
14.3.19 Rockbot
14.3.20 Jukeboxy
14.3.21 Cloud Cover Music
14.3.22 Custom Channels
14.3.23 Auracle Sound
14.3.24 Brandtrack
14.3.25 Kasimu
14.3.26 Soundreef
14.3.27 Express Melody
14.3.28 Qsic
14.3.29 StorePlay
14.3.30 Open Ear Music
