Global Online Music Education Market Outlook to 2027

Dublin, 16 Feb. 2022 (GLOBE NEWSWIRE) — The “Global Online Music Education Market, By Instrument Type, Session Type, Organizer Type, Learning Type – Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

Global Online Music Education Market held a market size of USD 130.74 Million in 2020 and is projected to reach USD 421.92 Million by 2027. Online Music Education Market is expected to grow at a CAGR 18.4% over the forecast period.

Online music education is a recent technology in the music education industry. It uses online and internet platform computers to teach, guide and train students. Online music education increases interactivity through the use of videos, audios and graphics. Additionally, children find online learning less intimidating and beneficial since they can ask questions without fear of being judged and can replay and review lessons anytime via recorded videos and audios. Online music education also allows learners to be trained by highly trained industry professionals from any remote location. On the other hand, teachers can also keep track of their students’ data, timetables and other related videos and clips for training purposes, using this platform. The increased use of mobile devices and the growth of digitalization across the globe has led to a surge in demand for online music education over the past few years. The trend of online education and training is here to stay for years to come.

Covid-19 has posed a great challenge to the learning industry. Lockdown across the globe has resulted in the slowdown and closure of all learning and training institutes. In this situation, the online platform for music education is a great help for the students as well as the trainers. It allows them to continue their training in remote areas, without being exposed to the spread of the coronavirus. Additionally, growing awareness of various online trainings in developing countries is expected to drive the market demand.

Growth Influencers

The continued growth in the number of Internet users across the world is driving the demand for online music education

One of the most significant factors fueling the growth of the online music education market is the growth in the number of internet users. This has led to an increase in the demand for online training. The increasing use of technologies such as digitalization, artificial intelligence has further promoted the growth of the use of online music education to a large extent.

Covid-19 resulting in worldwide lockdown

The rising number of coronavirus cases across the world has led to a complete lockdown in various countries around the world. The music industry is extremely affected by Covid-19 as it has affected other industries. In this scenario, online music education gives teachers the belief of place and time. Music professionals can train their students in any remote location, anytime. These benefits offered by online music education have led to an increase in demand and are expected to increase over the forecast period.

Lack of awareness about the availability of online music education is hindering the growth of the market

Lack of awareness regarding the existence and usage of online music education in developing countries is one of the most significant factors restraining the growth of the market. Moreover, the trend of online training has just arrived in developing countries like India. There is a lack of knowledge among parents and students regarding the benefits that the online platform can bring to students, which in turn creates an obstacle for the growth of the market.

Regional overview

On a regional basis, the global online music education market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Asia-Pacific dominates the global online music education market, in terms of growth rate, during the forecast period. The growing number of internet users in Asia-Pacific countries is one of the most important factors behind this dominance. Furthermore, the growing trend of learning music among young people coupled with the high adoption rate of advanced technologies is expected to support the growth of the market in the Asia-Pacific region. While the North America region is expected to capture the largest market share of 34% in 2020, and is expected to maintain this dominance over the forecast period.

Competitive landscape

Major players operating in the market include: Berklee College of Music, The Juilliard School, Lessonface.com, Moosiko, MusicGurus, AAFT School, VIP Peilian, Skoove, TakeLessons, Berklee College of Music, Point Blank, Tonara, Yousician, TakeLessons, among others.

The Global Online Music Education Market report offers insights into the pointers below:

  • Market Penetration: The research report provides comprehensive market data offered by major players
  • Market Development: The report offers a detailed analysis of emerging markets and examines penetration in mature segments of the markets.
  • Market Diversification: The research report offers comprehensive insights into untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & Acquisitions, Certifications, Product Launches, Market Collaborations have been provided in this research report. Additionally, the report also includes a SWOT analysis of key market players.

The global online music education market report answers questions such as:

  • What is the market size and forecast of the global online music education market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Online Music Education Market during the assessment period?
  • What are the products/segments/applications to invest in during the assessment period in the Global Online Music Education Market?
  • What are the technology trends in the global online music education market?
  • What strategies are considered favorable for entering the global online music education market?

Main topics covered:

Chapter 1. Research Framework

Chapter 2. Research Methodology

Chapter 3. Summary: Global Online Music Education Market

Chapter 4. Global Online Music Education Market Overview
4.1. Industry Value Chain Analysis
4.2. Industry Outlook
4.3. PESTLE Analysis
4.4. Porter’s Five Forces Analysis
4.5. Market dynamics and trends
4.6. Assessment of the impact of COVID-19 on the growth trend of the market
4.7. Market Growth and Prospects
4.8. Contest Dashboard

Chapter 5. Global Online Music Education Market Analysis, By Instrument Type
5.1. key ideas
5.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 6. Global Online Music Education Market Analysis, By Type
6.1. key ideas
6.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 7. Global Online Music Education Market Analysis, By Session Type
7.1. key ideas
7.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 8. Global Online Music Education Market Analysis, By Organizer Type
8.1. key ideas
8.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 9. Global Online Music Education Market Analysis, By Learner Type
9.1. key ideas
9.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 10. Global Online Music Education Market Analysis, By Region/Country
10.1. key ideas
10.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 11. North America Online Music Education Market Analysis
11.1. key ideas
11.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 12. Europe Online Music Education Market Analysis
12.1. key ideas
12.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 13. Asia-Pacific Online Music Education Market Analysis
13.1. key ideas
13.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 14. Middle East and Africa (MEA) Online Music Education Market Analysis
14.1. key ideas
14.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 15. South America Online Music Education Market Analysis
15.1. key ideas
15.2. Market Size and Forecast, 2017-2027 (Million USD)

Chapter 16. Company Profile (Company Overview, Financial Matrix, Key Product Landscape, Key Personnel, Key Competitors, Contact Address and Business Strategy Outlook)
16.1. Berklee College of Music
16.2. The Juilliard School
16.3. Lessonface.com
16.4. Moosiko
16.5. MusicGurus
16.6. AAFT school
16.7. VIP Peilian
16.8. skoove
16.9. take lessons
16.10. Berklee College of Music
16.11. Point Blank
16.12. Tonara
16.13. Yousician
16.14. take lessons
16.15. Other top players

For more information about this report visit https://www.researchandmarkets.com/r/y510h1


        

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