Boston, MA -- (SBWIRE) -- 09/02/2016 -- Background music is an integral part of modern commercial space like malls, retail stores, transit, elevators and other public spaces. This kind of music is intended for passive listening, and it helps in improving the ambience of the place. It is also seen to affect the customer's mood positively, resulting in better shopping experiences for the customers and the retailers. The increase in the number of commercial spaces, high preference for entertainment, and growth in the tourism sector are the major factors that are driving the market growth.

Technavio's analysts forecast the global background music market to grow at a CAGR of 2.89% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global Background Music Market 2016-2020

Covered in this report

The report covers the present scenario and the growth prospects of the global background music market for 2016-2020. To calculate the market size, Technavio considers the revenue generated by background music used in restaurants, department stores, shopping malls, elevators, airports, cruise ships, and corporate offices in the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Background Music Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Almotech
-Imagesound
-Mood Media
-NSM Music
-PlayNetwork

Other prominent vendors

-CSI Music
-Easy on Hold
-Hibou Music
-Sunflower Music
-Soundjack

Market driver

-Increased use of background music in elevators
-For a full, detailed list, view our report

Market challenge

-Availability of alternative media
-For a full, detailed list, view our report

Market trend

-Availability of advanced music-mixing systems
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Almotech, , Imagesound, , Mood Media, , NSM Music, , PlayNetwork, , CSI Music, , Easy on Hold, , Hibou Music, , Sunflower Music, , Soundjack.

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