Background Music Market Growth to Remain Steady during 2018 to 2027
Verfasser: ashwani_kailiya on Friday, 13 December 2019Fact.MR’s report on Global Background Music Market
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. These stores are also putting efforts toward strengthening their relationship with consumers using audio branding. According to the report, the background music market is projected to grow at 7% CAGR through 2027.
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In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global Background Music market considering 2013-2017 as the historic year and 2018–2027 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.