Sound Masking System Market Analysis by Application (Education, Offices, Hotels, Hospitals & Healthcare, and Others); and by Type (Networked and Non-Networked)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

Global Sound Masking System Market Report Scope

Global Sound Masking System Market Highlights Over 2023 - 2033

The global sound masking system market is estimated to garner a significant revenue by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 182.0 Million in the year 2022. The growth of the market can be attributed to the increasing demand for sound masking system for use in offices. As per the Center for Disease Control, nearly 22 Million workers each year are exposed to potentially damaging noise at work.

GET A SAMPLE COPY OF THIS REPORT

Sound masking systems refer to the use of ambient sound to mask disruptive environmental noise in a space. It is a burgeoning industry in interior acoustics that has been shown to effectively mask distracting noises while increasing privacy, productivity, and well-being for room users. The system is majorly present in two types such as networked and non-networked. Moreover, there has been a growing demand for smart spaces that is anticipated to surge the growth of the global sound masking system market.  For instance, more than 40 Million smart buildings are present worldwide in the year 2022

Global Sound Masking System Market: Growth Drivers and Challenges

Growth Drivers

• Rise in the Number of Hospitals – Sounding masking helps to reduce the impact of noise on the patients, enabling them to sleep better. Hence, it is projected to boost the growth of the global sound masking system market. There are more than 6, 000 hospitals in the year 2020 in the United States.

• Increase in the Number of Hotels– There are more than 6,50,000 hotels and resorts around the globe in the year 2019.

• Rising Number of Spas – In the United States, there are more than 26, 000 spa facilities in the year 2020.

• Increasing Need for Employee Productivity– Sound masking can improve more than 15 percent of productivity through eliminating outside distractions.

Challenges

• Lack of Skilled Expertise in Providing Directions

• Lack of Awareness Among the Organizations

• High Cost for the Deployment of the System

The global sound masking system market is segmented and analyzed for demand and supply by application into education, offices, hotels, hospitals & healthcare, and others. Out of these, the office's segment is expected to hold the largest share over the forecast period owing to the increasing privacy in the workplaces, and growing demand to reduce distractions in order to improve the employees’ concentration level. More than 70 percent of the workers in the organizations’ complaints related to privacy at work in the year 2022.

Global Sound Masking System Market Regional Synopsis

Regionally, the global sound masking system market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 on the back of rising investment in sound masking technology in order to improve the productivity and efficiency of employees.

The market in the Europe region is anticipated to witness the fastest growth over the forecast period owing to the increasing growth of the hotel business.  In the year 2019, number of hotels accounted for more than 200 thousand in the European Union.

Market Segmentation

Our in-depth analysis of the global sound masking system market includes the following segments:

Customize this report: Request Customization

Key Companies Dominating the Global Sound Masking System Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global sound masking system market that are included in our report are Dukane AV, Emmis Operating Company, Soft dB, VIBRA-SONIC CONTROL, ARCAT, Inc., Biamp Systems, Herman Miller, Inc., Pro Circuit, Inc., Communication Service Corporation, K.R. Moeller Associates Ltd., and others.

Global Sound Masking System Market: Latest Developments

• August, 2019: Soft db announced the release of a Chicago Plenum version of one of its sound masking speaker products, the SMS-SURF4, that complies with the City of Chicago Environmental Air Quality Regulations (CCEA).

• December, 2018: Biamp Systems announced the acquisition of Cambridge Sound Management (CSM), a pioneer in the sound masking system market, from Gladstone Investment Corp.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.