Online Language Learning Market size to grow by USD 29.96 Bn; APAC to occupy 45% market share

NEW YORK, Nov. 23, 2022 /PRNewswire/ — The global online language learning market report by Technavio projects an incremental growth of USD 29.96 trillion between 2021 and 2026. The growth momentum in the market is accelerating at a CAGR of 18.77%. The report provides a detailed analysis of the current market size, future growth opportunities, regional analysis, and the factors impacting the growth of the market. Understand how the purchase of the report can have a direct impact on your income. Download a Free PDF Report Sample

Technavio has announced its latest market research report titled Global Online Language Learning Market 2022-2026

Regional Analysis

About 45% of the market growth will come from APAC and the market in APAC is expected to continue its dominance by registering significant growth during the forecast period. The growth of the regional market is mainly driven by the increasing enrollment of Asian students into foreign universities in North America and Europe. In addition to this, the region is emerging as the global hub for manufacturing and services. Hence, it has become a necessity for professionals to learn foreign languages ​​to converse with clients from various countries. All these factors are fostering the growth of the online language learning market in APAC.

Major Revenue-generating Segment

Based on the product, the market is analyzed across segments such as courses, solutions, and apps. The market growth will be significant in the courses segment over the forecast period. The courses segment will be primarily driven by the rapid growth of self-paced learning in the education market. In addition, the necessity of learning a foreign language is increasing with the growing number of international businesses and an increasing number of international students. Thus, the segment will witness accelerating growth during the forecast period.

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Key Growth Driver

The market is driven by the cost benefits and flexibility of online language learning. Online language learning programs cost less when compared with offline ones. They eliminate the costs associated with setting up classroom space, equipment, and other physical amenities. With the rapid penetration of digital technologies globally, online learning apps and software have become more accessible to end-users. In addition, some of the benefits offered by online language learning programs such as easy registration, flexibility, customization, live chats and forums, and self-paced learning are increasing their popularity among learners. Such benefits along with cost advantages are driving the growth of the online language learning market.

Major Trend

As per Technavio, the use of artificial intelligence in language learning will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth.

Online Language Learning Market: Artificial Intelligence in Language Learning

Some of the vendors in the market are incorporating AI in their language learning programs to enhance the learning experience for end-users. For instance, Duolingo offers AI-powered chatbots to support language learning. The company offers three virtual bots to make the language learning experience more interactive. Similarly, RISE Education Cayman Limited, a China-based junior English language training provider, offers an intelligent learning platform based on AI to empower teachers and parents to improve the learning experiences for students. The platform facilitates communication between students, teachers, and students, along with efficient English language learning experiences. Such developments among vendors are expected to have a positive impact on the growth of the global online language learning market during the forecast period. Get detailed insights into the impact of drivers, trends, and challenges on the growth of the global roti maker market. Buy Report!

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Related Reports:

  • The business English language training market size is predicted to increase to USD 7.20 trillion from 2021 to 2026 at a CAGR of 9.76%. The report segments the market by end-user (institutional learners and individual learners), learning method (online learning and blended learning), and geography (APAC, Europe, North America, South Americaand Middle East and Africa).

  • The digital English language learning market size in APAC is expected to grow by USD 5.61 trillion and record a CAGR of 17.42% during 2021-2025. The market is segmented by end-user (non-academic learners and academic learners), deployment (on-premise and cloud-based), and geography (China, Indianand the rest of APAC).

Online Language Learning Market Scope

Report Coverage

Details

Page number

156

Base year

2021

Historical period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.77%

Market growth 2022-2026

USD 29.96 trillion

Market structure

Fragmented

YoY growth (%)

17.67

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key countries

US, China, India, UK, and Spain

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Babbel GmbH, Benesse Holdings Inc., Busuu Ltd., Cengage Learning Inc., Duolingo Inc., Educational Testing Service, EF Education First Ltd., Enux Education Ltd., Houghton Mifflin Harcourt Co., inlingua International Ltd., IXL Learning Inc ., Linguarama International Ltd., Linguatronics LC, McGraw Hill Education Inc., New Oriental Education and Technology Group Inc., Oxford University Press, Pearson Plc, Sanako Oy, Think and Learn Pvt. Ltd., and Voxy Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Language

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Online Language Learning Market 2022-2026

Global Online Language Learning Market 2022-2026

Cision

Cision

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SOURCE Technavio

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