The article cited AMA's Global Background Music Market Study explored substantial growth with CAGR of 6.1%. According to the study, Growing demand for cloud-based solutions for background music is one of the primary growth factors for the market. Increasing use of BGM in public spaces is also expected to contribute significantly to the Background Music market. Overall, Retail Stores applications of Background Music, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Almotech Media Solutions (Ireland), Imagesound (United Kingdom), Mood Media (United States), NSM Music Group (United Kingdom), CSI Music Services (Canada), Easy On Hold (United States), HIBOU MUSIC (France), Nimbletank (United Kingdom) and SBA Music (Australia) pushing strong cash flow in Market which is also a key in driving revenue growth.

AMA’s Analyst on the Global Background Music market identified that the demand is rising in many different parts of the world as "Adoption of Artificial Intelligence (AI) in Music Composition". Furthermore, some recent industry insights like "In May 2020, SiriusXM teamed up with Calm, a popular meditation and mindfulness app, to launch The Calm Channel. The new channel features soothing music, tranquil soundscapes, and mindfulness meditations to help listeners reduce stress and improve mental wellbeing. The launch of The Calm Channel is part of SiriusXM's efforts to expand its content offerings and provide subscribers with high-quality entertainment and wellness content." is constantly making the industry dynamic. One of the challenges that industry facing is "Rapid changes in technology"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Background Music market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Background Music market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Background Music market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Background Music market and other related sub-markets covered in the study.

o Key & emerging players in the Background Music market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Background Music market size is calculated using market estimation process, the Background Music market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Background Music market size has been validated using both top-down and bottom-up approaches.