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The online theater education market is expected to grow at a rapid rate during the forecast period. Online theater education refers to the form of theater education in which students learn virtually using the Internet.
The world is undergoing rapid digitization and the number of people using internet and electronic gadgets has increased at a significant rate which is expected to propel the growth of the online theater education market during the forecast period. In addition, an increasing number of theater institutes are now launching online drama courses online, which is expected to further increase the online training market during the forecast period.
The recent outbreak of the novel coronavirus disease has had a positive impact on the online theater education market. The pandemic has had a huge impact on the theater education revolution and has shifted a huge population towards the use of digital technologies for theater education. Due to closures in most parts of the world, theater institutes have been closed and theater students have been left locked in their homes. This prompted various theater institutes to launch online theater classes during the pandemic, which led to the transfer of theater students to online theater classes. Although the growth of online theater education declines after the pandemic, as traditional theater classes are still preferred, the market growth will be higher compared to the pre-pandemic period.
The increase in the number of Internet users and electronic gadgets.
One of the key factors that complement the growth of the online theater education market includes the increasing number of people using the internet and electronic gadgets around the world. With the increase in the number of Internet users and electronic gadgets, the use of online theater education is increasing, leading to market growth. According to the International Telecommunication Union (ITU), 28.7% of the world’s population were Internet users in 2010, which rose to 41.5% in 2015 and 51% in 2019.
In addition, there were 553 million people worldwide who had fixed broadband subscriptions in 2010, which grew to 841 million in 2015 and again to 1.13 billion in 2019. With the rise of digitization, the number of people using the Internet has grown at an even greater rate. According to the Telecom Regulatory Authority of India, the average wireless data usage per wireless data subscriber was 11 GB per month in India in FY20 and is expected to reach 18 GB by 2024. In addition, the number of users of electronic gadgets has increased at a great rate across the world. For example, according to an ICEA report, India experienced a 14.5% growth rate in the smartphone market in 2018 with 142.5 million units shipped. The report also says the country is expected to have 829 million smartphone users by 2022.
The world is witnessing a rapid increase in the number of users of electronic gadgets as well as the increase in internet usage which is expected to accelerate the growth of the market during the forecast period. In June 2020, the NTIA, the United States Department of Commerce, showed in its report that approximately 80% of the American population was using the internet in November 2019 and increasingly using a wider range of devices and more. varied.
According to World Bank data, Internet users in the United States made up 69.7% of the population in 2011, which rose to 88.5% IN 2018. The data also shows that broadband subscriptions fixed (per 100 people) were 26.1 in 2009, which rose to 34.7. in 2019. Additionally, the NTIA said that only 27% of the US population used a smartphone in 2011, which then gained popularity and was used by 68% of the US population by 2019. Rapid digitization is leading the increase in the number of actor hobbyists opting for online actor training which is expected to propel the market growth during the forecast period.
Interim institutes launching online courses.
Some of the well-known names in the drama class category have started taking online courses to teach theater to people, which has made more people learn theater online, which is expected to drive the market growth of online theater education during forecasting. period. For example, the Lee Strasberg Theater & Film Institute located in New York City, USA, launched its online acting subscription to teach acting skills to both new and experienced students. The lessons take place live and are interactive. In addition, another popular theater institute, Barry John Acting Studio, located in New Delhi, India, has started their acting classes online. Due to the growing interest of people in learning to act online, some well-known e-learning platforms like Udemy and Coursera have started offering online acting lessons which is further expected to propel the growth. of the online theater education market during the forecast period.
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
5. Online Interim Training Market Analysis, By Class Type
6. Online Interim Education Market Analysis, Interim Level
7. Online Interim Training Market Analysis, By Period
8. Online Interim Education Market Analysis, By Geography
9. Competitive environment and analysis
10. Company profiles
- The Lee Strasberg Theater & Film Institute
- New York Film Academy
- Tisch School of the Arts
- Guildhall School of Music and Drama
- The Juilliard school
- California Institute of the Arts
- Barry John Acting Studio
- Stagemilk School of Drama
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