South Korea Background Music Market was valued at USD 0.28 Billion in 2022 and is projected to reach USD 0.85 Billion by 2030, growing at a CAGR of 14.6% from 2024 to 2030.
The South Korean background music market has seen significant growth over the past decade, driven by the country's thriving entertainment, media, and technology sectors. From K-pop to gaming, background music has become a pivotal element in setting the tone and enhancing user experiences across various industries. As businesses continuously strive to create immersive environments, the demand for high-quality background music has expanded exponentially, influencing both local and international markets.
In South Korea, the background music market is primarily divided into two categories: traditional music licensing and custom music production. Traditional licensing involves acquiring pre-existing tracks from music libraries, while custom production involves working with composers to create bespoke soundtracks tailored to specific business needs. Both methods serve different purposes, depending on the industry’s requirements and budget constraints.
The entertainment industry remains the largest consumer of background music, especially in areas such as film, television, and video games. Music plays a vital role in shaping the emotional tone of a scene or gaming experience. Additionally, the retail and hospitality industries have seen an uptick in the use of background music, aiming to influence customer mood, increase foot traffic, and enhance the overall shopping or dining experience.
In recent years, the rise of technology-driven platforms has further amplified the demand for background music. Streaming services, gaming platforms, and virtual reality applications now rely heavily on background soundtracks to captivate users and create fully immersive experiences. With the growth of the South Korean tech industry, companies are constantly seeking innovative ways to integrate music into their platforms.
As the demand for background music increases, so do the requirements from industries. Businesses are seeking music that is not only high-quality but also customizable, flexible, and compatible with different media formats. Moreover, companies are becoming more mindful of copyright laws and licensing regulations, ensuring that they use music ethically and legally. This growing awareness is pushing the background music market to evolve and adapt to new technological advances, ultimately creating a more dynamic and diverse soundscape.
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Mood Media
PlayNetwork
TouchTunes
Usen Corporation
SiriusXM for Business
Pandora for Business
Almotech
Imagesound
NSM Music.
CSI Music
Easy on Hold
Sunflower Music
Soundjack
Xenon Music Media
Soundtrack Your Brand
Jamendo Listening
Heartbeats International
SoundMachine
Rockbot
Jukeboxy
Cloud Cover Music
Custom Channels
Auracle Sound
Brandtrack
Kasimu
Soundreef
Express Melody
Qsic
StorePlay
Open Ear Music
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Background Music Market
Retail
Hospitality
Corporate Offices
Healthcare
Public Spaces
Education
Streaming Services
Digital Downloads
Broadcast Radio
Custom Compositions
CDs and Physical Media
Background Music for Dining
Background Music for Retail Settings
Background Music for Events and Receptions
Background Music for Waiting Areas
Background Music for Outdoor Spaces
Royalty-Free Music
Licensed Music
Creative Commons Music
Customized Licensing Packages
Short-Form (up to 1 minute)
Medium-Form (1 to 5 minutes)
Long-Form (over 5 minutes)
Looping Music
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Background Music Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Background Music Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Background Music Market, By Type
6. South Korea Background Music Market, By Application
7. South Korea Background Music Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Background Music Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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