According to a new market research report “Online Language Learning Market by Product (Courses, Solutions, Support), Type (English, French, Spanish, Mandarin, Arabic, Japanese, Italian, German), End-user (Individual, Corporate, Government Institutions)- Global Forecast to 2025”, published by Meticulous Research®, the global online language learning market is expected to grow at a CAGR of 13.1% from 2019 to reach $10.5 billion by 2025.
The language learning market is changing at a rapid pace due to the globalization of the economy and the adoption of cost-efficient technology-based products. Across the globe, technological advances have made the provision and management of online learning more accessible. New technologies such as the Internet of Things, cloud computing, and wearable gadgets have resulted in the proliferation of online language learning products and applications. Recent developments such as social networking platforms, improved voice recognition, and computer video cameras have further expanded the potential of technology to enhance language learning. Artificial intelligence, the Internet of Things (IoT), and automation will have the greatest contribution to the growth of online language learning market in the coming years. Big data analytics and cloud technology will help in creating a more efficient learning systems and designing of customized content, with new and innovative means of analyzing unprecedented amount of data from various parts of the world. Technologies such as Innovative Smart Devices (Wearables and e-learning applications) and analytics will have the potential to revolutionize e-learning through remote learning.
Online language learning is a method of learning languages using a digital medium with the assistance of numerous technologies, software and solutions, and the internet. Globalization and growing need for communication across borders, growing E-learning market, and rise in number of online language learning start-ups are the key factors driving the growth of global online language learning market.
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Growth Prospects in Online Language Learning Market
The global online language learning market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product (courses, solutions, and support), by type (English, French, Spanish, Mandarian Chinese, German, Italian, Arabic, Japanese, Korean, and Other language), end user (individual learners, corporate learners, educational institutions, and government institutions), and geography. The study also evaluates industry competitors and analyzes the market at a regional and country level.
Geographically, Europe commanded the largest share of the global online language learning market, followed by North America and Asia Pacific. However, Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Growth in this market is expected to be driven by emerging economies in the region, rising enrolment in online higher education, influx of multinational companies, significant young population looking for better job opportunities, increasing penetration of smartphones, increasing digitization of content, government initiatives for national online education networks, and shortage of teachers in rapidly developing countries.
The key players operating in the global online language learning market are Berlitz Corporation, Rosetta Stone Inc., Memrise Inc., Inlingua International Ltd., Sanako Corporation, Duolingo Inc., Lesson Nine GmbH, Busuu Ltd, WeSpeke Inc., iTutor Group, Open Education LLC, and Linguistica 360, Inc. among others.
Here are the Top 10 Companies in Online Language Learning
Scope of the Report:
Market by Product
Market by Type
Market by End user
- Individual Learners
- Corporate Learners
- Educational Institutions
- Government Learners
Market by Geography
- North America
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- South Korea
- New Zealand
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East & Africa
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