(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 25, 2021 (GLOBE NEWSWIRE) -- The "Online Acting Education Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The online acting education market is projected to grow at a rapid pace during the forecast period. Online acting education refers to the form of acting education in which students are taught virtually with the use of the internet. The world is undergoing rapid digitalization, and the number of people using the internet and electronic gadgets has been increasing at a significant pace which is anticipated to propel the growth of the online acting education market during the forecast period. Also, a growing number of acting institutes are now launching online acting classes online, which is further expected to surge the online acting education market during the forecast period.
The recent outbreak of the novel coronavirus disease had a positive impact on the online acting education market. The pandemic had a huge impact on revolutionizing acting education and shifted a huge population towards using digital technologies for acting education. Due to lockdowns in most parts of the world, acting institutes were closed and acting students were left locked into their houses. This prompted various acting institutes to launch online acting courses during the pandemic, which led to the shifting of acting students to online acting classes. Although the growth of online acting education will decline after the pandemic, as traditional acting classes are still preferred, the market growth will be higher compared to the pre-pandemic period.
One of the key factors supplementing the online acting education market growth includes the growing number of people using the internet and electronic gadgets all around the globe. With the rise in internet and electronic gadget users, the usage of online acting education is increasing leading to market growth. According to International Telecommunication Union (ITU), 28.7% of the population of the world were internet users in 2010 which increased to 41.5% in 2015 and further increased to 51% in 2019. Also, there were 553 million people in the world who had fixed broadband subscriptions in 2010 which rose to 841 million in 2015 and further rose to 1.13 billion in 2019. With the rise in digitalization, the number of people using the internet has been increasing at an even greater pace. As per 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.
Moreover, the number of electronic gadget users has been increasing at a great pace around the world. For example, according to an ICEA report, India witnessed a 14.5% growth rate in the smartphone market in 2018 with 142.5 million units shipped. The report also states that the country is expected to have 829 million smartphone users by 2022. The world is witnessing a rapid increase in electronic gadget users, along with the increase in internet usage, which is anticipated to surge the market growth during the forecast period. In June 2020, NTIA, United States Department of Commerce, showed in its report that around 80% population in America was using the internet by November 2019, and are increasingly using a larger and more varied range of devices.
According to data from World Bank, internet users in the USA were 69.7% of the population in 2011 which rose to 88.5% IN 2018. The data also shows that the fixed broadband subscriptions (per 100 people) were 26.1 in 2009 which rose to 34.7 in 2019. Also, NTIA stated that only 27% US population used a smartphone in 2011, which later soared in popularity and were used by 68% of the American population by 2019. The rapid digitalization is leading to the increased number of acting enthusiasts opting for online acting education which is anticipated to propel the market growth during the forecast period.
- The Lee Strasberg Theatre & Film Institute
- New York Film Academy
- Tisch School of the Arts
- Guildhall School of Music & Drama
- The Juilliard School
- California Institute of the Arts
- Barry John Acting Studio
- Stagemilk Drama School
Key Topics Covered:
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Online Acting Education Market Analysis, by Class Type
5.2. Live Classes
5.3. Pre-Recorded Video Classes
5.4. Text-Based Classes
6. Online Acting Education Market Analysis, by Acting Level
7. Online Acting Education Market Analysis, by Time Period
8. Online Acting Education Market Analysis, by Geography
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
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