Global Online Language Learning Market Overview:
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 | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
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
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Analyst at AMA Research see United States Players to retain maximum share of Global Online Language Learning market by 2028. Considering Market by End Users, the sub-segment i.e. Individual will boost the Online Language Learning market. Considering Market by Language , the sub-segment i.e. English will boost the Online Language Learning market.
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.
What Can be Explored with the Online Language Learning Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Language Learning Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Language Learning
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Language Learning market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Language Learning market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.