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Global Background Music Market 2016-2020 with Almotech, Imagesound, Mood Media, NSM Music & PlayNetwork Dominating - Research and MarketsResearch and Markets has announced the addition of the "Global Background Music Market 2016-2020" report to their offering. The global background music market to grow at a CAGR of 2.89% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global background music market for 2016-2020. To calculate the market size, the analyst 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 report also includes a discussion of the key vendors operating in this market. According to the report, a key driver for market growth will be the need to provide a better shopping experience to boost sales. Background music has a significant role in providing a better shopping experience to consumers that eventually leads to boost in sales. It creates an ambience that is appealing to consumers and influences a customer's buying decision. The type of background music played at a place depends on the kind of environment. Most restaurants, shopping malls, and retail outlets play low-volume muic to encourage consumers to stay longer. Further, the report states that one of the challenges hampering market growth will be the availability of royalty-free background music. Many online portals such as Purple Planet, Premium Beat, and Productiontrax provide royalty-free background music for commercial use. The licensing fee varies depending on the customer's use and selected tracks. Many free-to-use tracks available online just require the customer to credit the owner of the track. Royalty-free background music does not generate much revenue as most of the available tracks are free to use. This hinders the revenue growth of vendors, which offers background music on subscription as a small business would opt for royalty free music to paid music service. Key vendors - Almotech - Imagesound - Mood Media - NSM Music - PlayNetwork Other prominent vendors - Easy on Hold - Hibou Music - Sunflower Music - Soundjack Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Industry overview Part 06: Market landscape Part 07: Market segmentation by customer Part 08: Geographical segmentation Part 09: Buying criteria Part 10: Market drivers Part 11: Impact of drivers Part 12: Market challenges Part 13: Impact of drivers and challenges Part 14: Market trends Part 15: Vendor landscape Part 16: Appendix For more information about this report visit http://www.researchandmarkets.com/research/wnwsmm/global_background Related Topics: Music
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