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.
According to our (Global Info Research) latest study, the global Background Music market size was valued at USD 1779.1 million in 2022 and is forecast to a readjusted size of USD 2697.2 million by 2029 with a CAGR of 6.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Background Music key players include Mood Media, SiriusXM for Business, Usen Corporation, TouchTunes, PlayNetwork, etc. Global top five manufacturers hold a share about 45%. North America is the largest market, with a share about 40%, followed by Europe, the Middle East and Africa, with a share about 25 percent. In terms of product, Music Streaming is the largest segment, with a share about 85%. And in terms of application, the largest application is Leisure & Hospitality, followed by Retail Stores, Cafes & Restaurants, Public Organizations, etc.
This report is a detailed and comprehensive analysis for global Background Music market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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This report profiles key players in the global Background Music market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Mood Media, PlayNetwork, TouchTunes, Usen and SiriusXM for Business, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segment by Type
Music Streaming
AV System Equipment
Market segment by Application
Retail Stores
Cafes & Restaurants
Leisure & Hospitality
Public Organizations
Others
Market segment by players, this report covers
Mood Media
PlayNetwork
TouchTunes
Usen
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
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Analysis of the Global Background Music MarketA new study published by Fact.MR on the global Background Music market includes a global analysis and opportunity assessment for the period 2018 to 2027.
The report offers a comprehensive assessment of the key market dynamics in detail.
The analysts take into account the historic as well as the current growth parameters to project the growth of the Background Music market with maximum accuracy.According to a recent study of Fact.MR, the background music market is estimated to reach approximately US$ 650 Mn in 2019, registering a Y-o-Y growth at 6.4%.
Building unique identity and increasing the consumer footfall are key factors that have been driving the adoption of background music among brick & mortar stores in recent years.
The report provides a Y-o-Y growth trend analysis and the current and future market volume projections (Units) for the assessment period.
The impact of the novel COVID-19 pandemic on the Background Music market is assessed in the report along with valuable insights pertaining to how market participants are adapting to the current situation.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=3068In a bid to recognize the growth prospects in the Background Music market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.
The background music market size is expected to reach USD 2.49 billion by 2027 according to a new study by Polaris Market Research.
The report “Background Music Market Share, Size, Trends, Industry Analysis Report, By Product Type (AV System, and Music Streaming); By End Use (Retail Stores, Cafes & Restaurants, Leisure & Hospitality, Public Organization, and Others), By Regions; Segment Forecast, 2020 –2027; By Regions; Segment Forecast, 2020–2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Restaurants and other food service outlets use multiple marketing tactics and strategies to increase the footfall.
Auditory experience plays a vital role in distinguishing the restaurant brands from their competitors, which makes it a key area of consideration for every restaurant or café chain.
However, the perceived benefits associated with background music systems can vary from customer to customer, as a result, it has a certain level of limitations to it.
Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/background-music-market/request-for-sample Hiring of music consultants by stores, restaurants, and many other businesses is rising significantly owing to their ability to provide expertise on suitable background music.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
