Online Music Learning Market Size Growing at 19.1% CAGR by 2030

The global online music learning market is expected to grow from 136.2 million in 2021 to USD 656.7 million by 2030, at a CAGR of 19.1% during the forecast period 2022-2030. An increase in the adoption of smart & connected devices complemented by an equal rise in the number of online users will drive the growth of the online music learning market. Increased government spending on the development of online e-learning platforms and digital content creation for the education sector is also expected to contribute to the market's growth.

The piano segment dominated the market, with a market value of around 59.92 million in 2021.

The instrument type segment is divided into guitar, piano, violin, banjo & others. The piano segment dominated the market, with a market value of around 59.92 million in 2021. A piano is the most popular and primary choice of users when learning music or musical instruments.

The session segment dominated the market, with a market value of around 84.44 million in 2021.

The session type segment is divided into solo & group. The group segment dominated the market, with a market value of around 84.44 million in 2021. Group session enables the teachers to impart knowledge to many students at a time. Group sessions boost the confidence of individual students by allowing them to interact with their fellows & learn from them.

The music studios/academies segment is expected to grow at the fastest CAGR of 20.3% over the forecast period.

The organizer type segment is divided into schools, music studios/academies, & professionals. Over the forecast period, the music studios/academies segment is expected to grow at the fastest CAGR of 20.3%.

The theory segment dominated the market, accounting for around 62.65 million global revenue.

The type segment is divided into music history, musicology, theory, & others. The theory segment dominated the market, accounting for around 62.65 million global revenue.

The hobbyists' segment dominated the market, accounting for around 64.01 million global revenue.

The learner type segment is divided into beginners, hobbyists, & professional musicians. The hobbyists' segment dominated the market, accounting for around 64.01 million global revenue. Online music learning allows an individual to learn at one's pace. It is accessible anytime and from anywhere. It is affordable. It will enable the user to revisit lessons/sessions, among other benefits, making online music learning an ideal mode for hobbyists.

Regional Segmentation Analysis:

The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America is expected to be the largest market during the forecast period. The online music learning market in North America has been expanding rapidly. The United States dominates the online music learning market in North America. The increasing number of Massive Online Open Courses (MOOCs) on various online learning platforms (Coursera, Udemy) contributes to the growing popularity of online music learning in the region. The American Council on Education made a few recommendations about diversifying courses, one of which mentioned awarding credits to students on the completion of online courses available on e-learning platforms such as Coursera, Udemy & edX. Such new developments provide the necessary boost for the growth of the online learning market, which eventually helps the online music learning market to expand & grow.

Competitive Analysis:

The market's major players include Berklee College of Music, The Julliard School, AAFT School, MusicGurus, Skoove, Lessonface, Moosiko, Udemy, Coursera, and Musitechnic, among others.