About Online Language Learning
Online language learning is the process of learning languages through digital mediums such as software and mobile apps that have access to the Internet. The Global online language training market is expected to grow with a steady growth rate in the near future. The development in the field of education and high demand for industry-specific knowledge and skills are creating an opportunity for content development, catering for industry-specific needs related to language training. With the arrival of cloud-based services, there is an opportunity for creating an online module and cloud-based platform offering language learning to the user at the ease of fingertips.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Consumers are generally quick-change, to get or use new-fangled products, better experience, better convenience and quicker; to find and meet the needs of consumers, and exceeding expectations, better service. Although in the online language learning market the need and preference of consumers are persistent. The world changes significantly, especially in the language learning market, and now internet and cloud-based learning modules, applications are changing the traditional sectors, to more efficient and economical for users in addition to increased reach to users worldwide. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Online Language Learning market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cengage Learning, Inc. (United States), EF Education First Ltd. (Switzerland), Houghton Mifflin Harcourt Co. (United States), McGraw-Hill Education, Inc. (United States), New Oriental Education and Technology Group Inc. (China), Pearson Plc (United Kingdom), Rosetta Stone, Inc. (United States), Sanako Corp. (Finland) and Voxy Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Language Learning market by Type (Course, Solution and Support) and Region.
On the basis of geography, the market of Online Language Learning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Individual will boost the Online Language Learning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Language , the sub-segment i.e. English will boost the Online Language Learning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Artificial Intelligence (AI) in Language Learning
Market Growth Drivers:
New technologies such as the Internet of Things, Cloud Computing, and Wearable Gadgets have Resulted in the Proliferation of Online Language Learning, Companies Involved in the Hospitality and Retail Sectors are Heavily Reliant on a Strong Workforce Across Different Countries and Appreciates Multilingual Employees and Cost Benefits of Online Language Learning
Restraints:
Threat from Open Sources
Opportunities:
Globalization and Expansion into New Geographies are Increasing Cultural Diversity and Communication Patterns which Demand Language Learning Programs and Courses and Growing Travel and Tourism Industry Along with Increasing Demands of Online Courses
According to a European Commission study, 45% of Europeans said they think they landed a better job in their own country due to their foreign language skills.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.