Global Commercial Background Music Market Size (2024 - 2029)

Global Commercial Background Music Market Analysis

The Global Commercial Background Music Market size is estimated at USD 1.8 billion in 2024, and is expected to reach USD 2.40 billion by 2029, growing at a CAGR of 6.70% during the forecast period (2024-2029).

The commercial background music market is currently experiencing robust growth and is expected to grow owing to the significant expansion in the media & entertainment, restaurant, and hospitality sectors like fitness centers and yoga.

• The media & entertainment industry is one of the biggest users of background music. The industry uses a variety of background music to stimulate emotions of happiness, peace or tension, nervousness, or gear, depending upon the requirement. The growing media and entertainment industry is expected to have a huge impact on the creativity and adoption of background music during the forecast period.
• Background music in malls is used to create a positive and relaxing atmosphere for the customers. It is considered that an increased positive emotion can help to increase sales in the stores. As malls are commercial properties and operate on a large scale, there are dedicated vendors for music streaming in malls and shopping complexes. For instance, My Instore Radio is a subscription-based background music streaming and digital signage solution for malls and shopping centers.
• Playing music in public spaces serves a dual purpose; it not only aims to influence behavior by inducing a calming effect but also helps drown out the ambient noise created by activities like conversations, passengers, and goods movements. With a surge in services and infrastructure, particularly in Asian nations, the demand for background music is poised to rise.
• Music's ability to shape emotions, behaviors, and thoughts makes it a powerful tool in the hospitality sector. For instance, gyms often play high-tempo music to boost user performance, while spas opt for calming tunes to create a serene ambiance. Yoga centers, on the other hand, use ambient sounds like flutes or falling water to foster tranquillity. This versatility underscores music's varied roles in hospitality. The tourism and hospitality sectors are at an all-time high, propelling the growth of the background music industry as well.
• Commercial use of music is strictly prohibited, as it falls under copyright protection. The fees and royalties demanded by music owners can be exorbitant, significantly impacting the background music industry.

Global Commercial Background Music Industry Segmentation

Background music, a recorded sound, is strategically designed to complement visual content like commercials, films, and marketing videos, influencing human behavioral and emotional responses. Typically, it plays softly in empty halls, fitting rooms, virtual spaces, and MMORPGs, ensuring clear communication among multiple speakers.

The report covers global commercial background music market companies. The market is segmented by end-user industry (retail stores and chains, hospitality, healthcare and lifestyle, and other end-user industries) and geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market sizes and forecasts in value (USD) for all the above segments.