October 21, 2022 03:20 ET | Source: Adroit Market Research Adroit Market Research
Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — The increase in internet users is one of the key factors driving the global online music learning market. As a result of the rising usage of technology such as digitization and artificial intelligence, online music learning has grown in popularity. During the projection period, the online music learning market would be driven by a number of factors, including the increasing interest penetration and acceptance of smart & connected devices. The business for creating and teaching digital information has expanded as a result of the move toward online learning platforms brought on by the lockdown caused by the pandemic.
By 2030, the global online music learning market is projected to grow from its current size of USD 132.75 million to USD 672.14 million at a CAGR of 19.5% during the forecasted period.
Music education is now more accessible to kids all over the world because of technological advancements and rising internet usage. Online music learning is delivered through a variety of techniques, such as instant messaging, file sharing, video conferencing, and digital whiteboarding. The global online music learning market is changing from the conventional music learning method thanks to digital music technologies like YouTube, digital sheet music and applications, and cloud-based systems. The global online music learning market benefits from the presence of music TV shows and music festivals.
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Global online music learning market scope:
The range of uses for AI and AR has increased due to increased research and developments. Online music learning will become more personalized, interactive, and enjoyable with the use of AI and AR. These clever programs will produce brand-new sounds, sound patterns, rhythms, and even entire records. Because of the higher level of involvement provided by the interactive aspect, it is on par with traditional offline music education. The global online music learning market exposure for online music education is still at a modest level, and it is still in its early stages of development.
The market will likely face difficulties due to the questions and worries surrounding online learning platforms and the preference for traditional teaching in emerging countries. In poor nations, there may be a lack of knowledge regarding the availability and advantages of online music education, which could limit the global online music learning market expansion.
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The piano segment had the biggest market share over the forecast period. The fact that the piano is the monarch of all instruments explains its appeal. Even for a novice, playing the piano is simple to become used to. Playing the piano enhances memory retention, hand-eye coordination, focus, and dedication. The ability to play the piano serves as the foundation for learning how to play all other instruments.
In terms of growth rate throughout the anticipated period, Asia-Pacific will dominate the global online music learning industry. One of the most significant causes leading to this domination is the increasing number of internet users in Asia-Pacific nations. Additionally, it is anticipated that the high rate of adoption of cutting-edge technology, combined with the growing trend of music education among young people, will promote online music learning market expansion in the Asia-Pacific region.
For instance, Yousician raised money in April 2021 to create more functional music instruction applications. They worked together with internet platforms and provide programs that teach different instruments using an interactive and gamified method.
Important points from the Table of Contents:
2. Research Methodology
3. Market Outlook
4. The Online Music Learning Market by Service Outlook, 2019-2029 (USD Billion)
5. The Market by Type, 2019-2029 (USD Billion)
6. The Online Music Learning Market by Application, 2019-2029 (USD Billion)
7. Segment of the market by End-Users, 2019-2029 (USD Billion)
8. Special Segments
9. The Online Music Learning Market by Region, 2019-2029 (USD Billion)
9.1. North America
9.1.1. the US
9.2.1. the UK
9.2.4. Rest of Europe
9.3. the Asia Pacific
9.3.4. Rest of Asia Pacific
9.4. South America
10. Competitive Landscape
11. Company Profiles
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