Global In-Store Music Service Market to reach USD XX billion by 2027. Global In-Store Music Service Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy CAGR of XX % over the forecast period 2021-2027. In-store music service deals with streaming music of different genres to influence the ambience of an establishment. The In-store music service market is largely driven by the demand from retail stores and restaurants. Several marketing studies show that the right musical ambience can boost the sales of retailers by up to 50%. Restaurants also experience better sales with musical ambience. As per a study conducted in 1999 by Association of Consumer Research, customers raised their average bill amount by 23% while enjoying slower music. The adoption of In-store music services in workplace is also rapidly increasing. A study at Frost School of Music at the University of Miami in 2005, discovered that IT specialists who listened to music finished work quickly and came up with better ideas. These results are encouraging businesses to play music at their offices.
However, lack of awareness about the importance of in-store music, paired with high cost of these services can impede the growth of the market over forecast period of 2021-27. Also, with the increasing millennial population, and greater technology penetration, In-store music service market is likely to increase the market growth during the forecast period.

Considering Asia Pacific, North America, Europe, Latin America and Rest of the World, the regional analysis demonstrates that North America is the most significant player across the world in terms of market share owing to highly modernized society, developed retail stores, and high digitization. At the same time, Asia-Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as increasing technological penetration, modernization of businesses and boom in millennial population would create lucrative growth prospects for the In-Store Music Service Market across Asia-Pacific region.

Major market player included in this report are:
Usen Corporation
Mood Media
PlayNetwork
Imagesound
Brandtrack
TouchTunes
Express Melody
StorePlay
Open Ear Music
Soundreef

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Streaming media service
Audio equipment
By End User:
Retail stores
Cafes & restaurants
Leisure places & hotels
Public institutions
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global In-Store Music Service Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors