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Online Music Learning Market Experiences Small Pockets Of Growth

According to report published by The Brainy Insights, the global online music learning market is expected to grow from USD 136.2 million in 2021 to USD 656.7 million by 2030, at a CAGR of 19.1% during the forecast period 2022-2030. North America region emerged as the largest market for the global online music learning market, with a 42.6% share of the market revenue in 2021. North America currently dominates the online music learning market due to increased government spending on the development of e-learning platforms & digital content creation for the education sector. Asia-Pacific is expected to rise in the forecast period due to increasing number of internet users and increasing adoption of smart & connected devices.

Online Music Learning Market Size by Instrument Type, Session Type, Organizer Type, Type, Learner Type, Global Industry Report, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include Berklee College of Music, The Julliard School, AAFT School, MusicGurus, Skoove, Lessonface, Moosiko, Udemy, Coursera, and Musitechnic, among others which are offering more significant opportunities and are continuously focused on latest product developments and venture capital investments to obtain market share.

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The instrument type segment of online music learning market is divided into guitar, piano, violin, banjo & others. The piano segment dominated the market, with a market share of around 44% in 2021. The session type segment is divided into solo & group. The group session type segment dominated the market, with a market share of around 62% in 2021. The organizer type of online music learning market segment is divided into schools, music studios/academies, & professionals. Over the forecast period, the music studios/academies are expected to grow at the fastest CAGR of 20.3%. The type segment is divided into music history, musicology, theory, & others. In 2021, the theory segment dominated the market, accounting for around 46% of global revenue. The learner type segment is divided into beginners, hobbyists, & professional musicians. The hobbyists’ segment dominated the market in 2021, with a market share of around 47%. Hobbyists also don’t look to master a skill; hobbyists do not have the time to accomplish this. Online music learning is the ideal option for hobbyists as the learning happens at one’s own pace, accessible anywhere & anytime, affordable and convenient.

Increasing use of Artificial intelligence and augmented reality facilitates the creation and composition of new music with more ease and convenience. AI and AR are making learning an interactive experience. Using AI and AR by online educational platforms to create music courses that support student learning and achievement is becoming popular. This popularity will help the market expand and grow during the forecast period.

Get more information from Press Release @ Online Music Learning Market Worth $656.7 Million by 2030 | Increasing Application of Artificial Intelligence (AI) and Augmented Reality (AR) for Personalized Experience to Augment Industry Growth: The Brainy Insights

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