In-store Music Service - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

All the music played by the business site through professional technical equipment is collectively referred to as "background music".In the shopping environment, store music is an important factor affecting consumers' shopping experience.The compound annual growth rate from 2019 to 2025 is 6%, according to QYR analyst market research.The increase in the use of background music in travel and retail stores was one of the major growth factors for the global market.Using background music in these places can reduce the boredom of visitors and improve their overall experience.Regionally, North America and Europe are relatively mature markets that are dominating market development.In 2018, the north American background music market grew at a compound annual rate of 6% over the last five years.The overall European market for background music is growing at a compound annual rate of 7 per cent.The asia-pacific region will be the fastest growing market for some time to come, especially for the fast-growing markets of Japan, China and India.Mood Media, SiriusXM for Business, Usen Corporation, TouchTunes, PlayNetwork, Pandora for Business are the leading providers of in-store music services in the global market.The nature of the service determines the existence of many small suppliers in the market. The global background music market is highly competitive and fragmented.Providers compete on pricing, size and type of music library, copyright, and so on to maintain market position.In order to expand their influence and market share, suppliers must not only develop new ideas and technologies, but also keep abreast of emerging technologies and current music trends that may affect their services in order to remain competitive in the market.Based on end users, the market is divided into retail stores, cafes and restaurants, leisure and hotels, public organizations, etc.In 2018, leisure and hospitality accounted for the largest market share with 30%, with retail stores and cafes and restaurants also playing an important role in the in-store BG music service market.Based on the solution, the market is divided into music streaming media services and AV system equipment.Music Streaming Service occupied the largest market share in 2018, with a market share of more than 85%.The availability of advanced music mixing systems is one of the latest trends that will gain momentum in the background music market over the next few years.Most major in-store music service providers have established sales networks.These have been keen to expand their sales of background music through their licensed distributors or their partners.In order to achieve better sales business, background music providers usually invest in their marketing channels every year.

The global market for In-store Music Service was estimated to be worth US$ 1738 million in 2023 and is forecast to a readjusted size of US$ 2661.2 million by 2030 with a CAGR of 6.2% during the forecast period 2024-2030

Global In-store Music Service key players include Mood Media, SiriusXM for Business, Usen Corporation, etc. Global top three manufacturers hold a share about 30%.

North America is the largest market, with a share over 40%, followed by Europe, and Asia Pacific, both have a share about 50 percent.

In terms of product, Streaming Media Service is the largest segment, with a share over 85%. And in terms of application, the largest application is Leisure Places and Hotels, followed by Retail Stores, Cafes and Restaurants, Public Institutions, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for In-store Music Service, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of In-store Music Service by region & country, by Type, and by Application.

The In-store Music Service market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding In-store Music Service.

Market Segmentation


By Company


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


Segment by Type
:

Streaming Media Service

Audio Equipment


Segment by Application


Retail Stores

Cafes and Restaurants

Leisure Places and Hotels

Public Institutions

Others

By Region

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of In-store Music Service manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Revenue of In-store Music Service in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Revenue of In-store Music Service in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Frequently Asked Questions