Global Online Music Education Market to 2027 – Continued Growth in Internet Users Drives Demand

DUBLIN, February 11, 2022–(BUSINESS WIRE)–The report “Global Online Music Education Market, By Instrument Type, Session Type, Organizer Type, Learning Type – Forecast to 2027” has been added. at 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. Teachers can also track their student 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.

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 convenience of place and time. Music professionals can train their students in any remote location, anytime. These benefits offered by online music education have resulted in an increase in demand which is expected to grow 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.

Overview of segments

The global online music education market is segmented by instrument type, type, session type, organizer type, learner type.

By device type

  • Piano

  • Guitar

  • Banjo

  • Violin

  • Others

The piano segment held the largest share of 34% in 2020. The segment is expected to maintain this dominance during the forecast period. The guitar segment is also expected to grow at the highest rate at a CAGR of 19.2% during the forecast period.

By type

  • music history

  • Musicology

  • Theory

  • Others

The theoretical segment held the largest share of around 59% in 2020. The segment is expected to maintain this dominance during the forecast period. The music history segment is also expected to grow at the highest rate during the forecast period.

By session type

Based on the type of session, the solo segment is expected to grow at the highest rate during the forecast period.

By type of organizer

  • Schools

  • Music studios/academy

  • Professionals

Based on the type of organizer, the schools segment is estimated to dominate the education market in the online market, with a share of over 39% in 2020. While the music studios/academies segment is expected to grow at the highest rate of 20.1% over the forecast. period, and is expected to overtake the school segment in terms of market share, by 2023.

By type of learner

  • Beginners

  • Amateurs

  • Professional musicians

The learner type segment was dominated by the amateur sub-segment, with the largest share in 2020, and is expected to maintain this dominance over the forecast period.

Companies cited

  • Berklee College of Music

  • The Juilliard School

  • Lessonface.com

  • Moosiko

  • MusicGurus

  • AAFT school

  • VIP Peilian

  • skoove

  • take lessons

  • Berklee College of Music

  • Point Blank

  • Tonara

  • Yousician

  • take lessons

For more information about this report visit https://www.researchandmarkets.com/r/dzqf4z

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220211005393/en/

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