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Karaoke Market to Grow by USD 442 Million from 2025-2029, Driven by Music-Related Leisure Trends and AI’s Impact on Market Evolution – Technavio – Technavio

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global karaoke market  size is estimated to grow by USD 442 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  4.3%  during the forecast period. Growing popularity of music-related leisure activities is driving market growth, with a trend towards availability of advanced music-mixing systems. However, increasing adoption of virtual musical instruments and music production software  poses a challenge. Key market players include Acoosta Innovations Pvt. Ltd., Audio Video Solutions Corp., Daiichikosho, Digital Products International Inc., inMusic Brands Inc., Jiangmen Boway Sound Equipment Co. Ltd., Karaoke USA, Karavision, Persang Entertainment Pvt. Ltd., Pure Acoustics Inc., Rockville, Samsung Electronics Co. Ltd., Singing Machine, TJ Media, VocoPro, WhiteSquare, Xiaomi Inc., Xing, and ZOOOK.

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Application (For venue, Outdoor, and Home), Product (Fixed and Portable), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

Acoosta Innovations Pvt. Ltd., Audio Video Solutions Corp., Daiichikosho, Digital Products International Inc., inMusic Brands Inc., Jiangmen Boway Sound Equipment Co. Ltd., Karaoke USA, Karavision, Persang Entertainment Pvt. Ltd., Pure Acoustics Inc., Rockville, Samsung Electronics Co. Ltd., Singing Machine, TJ Media, VocoPro, WhiteSquare, Xiaomi Inc., Xing, and ZOOOK

Key Market Trends Fueling Growth

Karaoke markets are thriving with trends in bars and restaurants, where digital platforms and wireless connectivity are transforming the experience. Interactive interfaces, voice recognition, and artificial intelligence are making karaoke more engaging. Digital karaoke systems with large song libraries, display screens, and audio output are popular. Home entertainment is booming with portable systems, built-in speakers, rechargeable batteries, and wireless connectivity options. Outdoor events, casual home entertainment, and karaoke competitions are driving demand. Smart devices, high-tech features, and advanced music-mixing systems are key. Brands like Sybersound, Party Tyme Karaoke, Neat Microphones, and more offer microphones, miniature microphones, and professional sound reproduction. Online streaming services, vlogging, webcasting, podcasting, and TV productions are expanding the market. Household items like cafes and karaoke nights attract foot traffic. Portable karaoke systems, high-speed internet, and entertainment apps are on the rise. Recorded music, instrumental versions, lyrics, and video screens are essential features. 

Advanced music-mixing systems have become essential tools for karaoke creators, particularly for commercial and public spaces. These systems incorporate synthesizers and music-mixing software, enabling the creation of digital or electronic music for karaoke use. Balancing the audio mix is a key challenge in karaoke production, and these systems help achieve this without compromising audio quality. Traditional karaoke tracks often feature overpowering brass and vocals, making it difficult for artists’ voices to be heard. Advanced music-mixing systems address this issue by allowing for better tools and adjustments, resulting in improved sound quality and a more enjoyable experience for users. Features such as frequency reduction, polished sound, and background noise limitation are essential benefits of these systems in karaoke development. 

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Market Challenges

Karaoke Market: Overcoming Challenges in Bars, Restaurants, and Home Entertainment The karaoke market faces several challenges in various sectors, including bars and restaurants, wireless connectivity, voice recognition, interactive interfaces, and digital platforms. In the hospitality industry, bars and restaurants require wireless connectivity for seamless karaoke experiences. Voice recognition and interactive interfaces enhance user experience, while digital platforms and online streaming services broaden the song library selection. At home, digital karaoke systems, display screens, audio output, microphones, and product bundling cater to casual entertainment. Portable systems with built-in speakers, rechargeable batteries, and wireless connectivity options are essential for outdoor events. Karaoke competitions in restaurants, pubs, and cafes attract foot traffic, necessitating high-tech features such as advanced music-mixing systems, synthesizers, and music-mixing software. Home settings, TV productions, and vlogging, webcasting, and podcasting require professional sound reproduction, vocal/voice recording, instrumental recording, and studio-quality equipment from brands like Sybersound, Party Tyme Karaoke, Neat Microphones, and more. Accessories like miniature microphones, C-80 condenser microphones, and Bluetooth speakers further expand the market. Household karaoke systems, MP3 systems, and wireless microphones cater to diverse consumer needs. The market continues to evolve, incorporating smart devices and high-speed internet for a more engaging and convenient karaoke experience.The adoption of virtual musical activities and music production software has seen significant growth in recent years, particularly in developed economies. Music production software allows users to create music with various instruments, tones, and magnitudes at the click of a button. This mobility and convenience have led music composers to prefer software over physical instruments for recording music anytime and anywhere. Notably, laptop brands like Apple Inc., a leading global manufacturer, offer software like GarageBand, which comes with a complete music creation studio. This software integration enhances the functionality and accessibility of laptops for music production.

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Segment Overview 

This karaoke market report extensively covers market segmentation by

Application 1.1 For venue1.2 Outdoor1.3 HomeProduct 2.1 Fixed2.2 PortableGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 For venue-  The global karaoke market, originally rooted in bars, offers a platform for individuals to sing their preferred songs to an appreciative audience. Karaoke establishments come in various forms, ranging from open bars with communal performances to private rooms for friends and family. These venues provide the necessary music and lyrics, enabling singers to concentrate solely on their performance. The market’s expansion is fueled by the growing number of nightclubs and restaurants incorporating karaoke. For instance, LaLa Pocha, a Korean restaurant launched in the US in December 2023, includes karaoke rooms for rent. Music fans find karaoke an appealing alternative, leading to its increasing popularity. In countries like China, Japan, and India, karaoke applications are extensively used in clubs, restaurants, and corporate events. Legal permissions from music composers are essential for playing copyrighted music in bars and restaurants. Generally, businesses acquire blanket licenses, granting them access to a vast catalog of artists and recording studios’ music, fueling the market’s growth during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023) 

Research Analysis

Karaoke markets continue to thrive, offering unique and interactive entertainment experiences in various settings. Bars and restaurants are popular venues for social karaoke sessions, enhanced by wireless connectivity and digital platforms. Advanced technologies like voice recognition, interactive interfaces, and artificial intelligence elevate the experience, allowing users to access vast song libraries from online streaming services. Digital karaoke systems with high-tech features, such as miniature microphones and orchestra accompaniments, are increasingly popular. Home entertainment systems, including smart devices, offer personalized karaoke experiences. Sybersound and Party Tyme Karaoke are notable brands, providing top-notch karaoke equipment and accessories. Recorded music, instrumental versions, and lyrics are essential components, displayed on video screens with moving symbols to guide singers.

Market Research Overview

Karaoke Market: Unleashing the Fun of Singing Anytime, Anywhere! The Karaoke Market is a vibrant and growing industry, offering various solutions for bars and restaurants, home entertainment, and outdoor events. With advanced digital platforms and online streaming services, karaoke has evolved from a simple pastime to an interactive and high-tech experience. Digital karaoke systems come with song libraries, display screens, audio output, microphones, and product bundling options. Portable systems with rechargeable batteries and wireless connectivity options allow for casual home entertainment and outdoor events. High-tech features like voice recognition, interactive interfaces, and artificial intelligence enhance the karaoke experience. Home settings offer all-in-one systems with built-in microphones, TV monitor systems, MP3 systems, and wireless microphones. Karaoke competitions, casual home entertainment, and karaoke nights in bars, pubs, cafes, and even TV productions attract foot traffic and entertainment seekers. Advanced music-mixing systems, synthesizers, and music-mixing software cater to professional singers and vloggers, podcasters, and webcasters. Brands like Sybersound, Party Tyme Karaoke, Neat Microphones, and more offer a range of karaoke equipment, including miniature microphones, professional sound reproduction, and studio recording capabilities. Accessories like Bluetooth speakers and karaoke applications add to the fun. Join the karaoke revolution and unleash your inner singer!

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationFor VenueOutdoorHomeProductFixedPortableGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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