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Online Music Education Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Online Music Education Market- (By Instrument Type - Piano, Guitar, Banjo, Violin, Other; By Type - Music History, Musicology, Theory, Others; By Session Type – Solo and Group; By Organiser Type - Schools, Music Studios/ Academy, Professionals; By Learner Type - Beginners, Hobbyists and Professional Musicians) – Industry Dynamics, Market Size, and Opportunity Forecast to 2027

  • Published On: 13-Dec-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1221106
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Online Music Education Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2020US$ 130.7 Mn
Expected Revenue in 2027US$ 421.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR18.4%
Segments coveredBy Instrument Type, By Type, By Session Type, By Organiser Type, By Learner Type, and Region
Key CompaniesBerklee College of Music, The Juilliard School, Lessonface, Moosiko, MusicGurus, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

According to the report published by Astute Analytica, the Global Online Music Education Market generated a revenue of US$ 130.74 million in the year 2020.

Globally, the online music education market recorded around 5 Mn users in the year 2020.

Berklee College of Music, The Juilliard School, Lessonface, Moosiko, MusicGurus, AAFT School, VIP Peilian, Skoove, Lessonface.com, Point Blank, Tonara, Yousician, Coursera, Musitechnic, Udemy, TrueFire, and TakeLessons are some of the major players present in the global online music education market.

During the outbreak of Covid-19, the education sector quickly adopted smart and online learning which augmented the growth of online music education market.

The cumulative market share of the five major players is close to 44.4%. 

Online learning presents an attractive, effective, and affordable option. Online music education allows students to learn at their own pace. This benefit is highly preferred by students and parents.

The Global Online Music Education market is estimated to grow at a CAGR of 18.4% during the period 2021-2027.

The online music education market is estimated to generate a revenue of US$ 421.9 million in 2027.

The online music education market is witnessing around 15.74 Mn users by the end of the year 2027.

North America dominated the global online music education market in 2020 with 34.3% of the market share.

Asia Pacific online music education is estimated to forecast a CAGR of 19.6% during the period of 2021-2027. This is due to the transformation and digitalisation of education sector in countries like China, India, Japan and South Korea.