Seattle, WA -- (SBWIRE) -- 03/06/2020 -- MARKET INTRODUCTION
Background Music is used for music composition, digital recording, creating electronic music and other musical applications. The rise in the digital audio content and the proliferation of music-related applications are boosting the demand for the Background Music market. Music-making software is more affordable as compared to music creation outfits. Additionally, increasingly using AI-based music composing tools with music production software to refine human-generated music through editing and mastering is further propelling the growth of the market.
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Based on regions, North America and Europe are relatively mature market which are navigating the market. In 2018, total North America Background Music Market Size is estimated to be 596 Million USD, growing at a CAGR of 6.45% from 2013. Total Europe Background Music Market Size is estimated to be 388 Million USD, growing at a CAGR of 6.69% from 2013. APAC is expected to be the fastest growing market, especially for the rapid growing Japan, China and India market.The worldwide market for Background Music is expected to grow at a CAGR of roughly 6.5% over the next five years, will reach 1960 million US$ in 2024, from 1340 million US$ in 2019, according to a new Market Research study.
North America is now the key developers of Background Music; most companies are in the USA. Others are in Europe, China, and India.
The Asia-Pacific will occupy for more market share in the following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Background Music.
This report studies the Background Music market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market and splits the Background Music market by product type and applications/end industries.
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Report Metric Details
Companies covered: Ambie Music, Auracle Sound, Brandtrack, Custom Channels, C-Burn, Cloud Cover Music, El Media Group, Express Melody, Music Choice For Business, Music Concierge, Open Ear Music, Pandora for Business, The Playlist Generation, PCMusic, Qsic, Retail Radio Biz, Rockbot, SiriusXM for Business, Soundtrack Your Brand, Storeplay, TouchTunes, and Musicstyling.
Background Music Segmentation:
This report categorizes the market based on technology, deployment, function, offering, application and region.
Market Segment by Regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Product Type Segmentation
Background Music
Industry Segmentation
Retail Stores
Restaurants
Entertainment Places
Public Organizations
Key Questions Addressed by the Report
- Who are the major market players in the Background Music market?
- What are the regional growth trends and the largest revenue-generating regions for the market?
- Which are the significant regions for different industries that are projected to witness remarkable growth for the market?
- Which AI technologies will lead the market in next 5 years?
- What are the major applications of Background Music?
To speak to our analyst for a discussion on the above findings,
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