Digital Marketing Courses

Online Language Learning Market to Record USD 21.57 Bn Growth | Cengage Learning Inc., Duolingo Inc., and EF Education First Ltd. emerge as dominant players

Online Language Learning Market to Record USD 21.57 Bn Growth | Cengage Learning Inc., Duolingo Inc., and EF Education First Ltd. emerge as dominant players
Written by Publishing Team

You can not find what you’re looking for? Customize Report-

Don’t miss the chance to speak to our analyst and learn more insights about this market report. Our analysts can help you customize this report according to your needs. Analysts and industry experts will work directly with you to understand your requirements and provide you with personalized data in no time.

we offer 1,000 USD Worth free customization at time of purchase. Talk to our analyst now!

According to a recent market study by Technavio, The size of the online language learning market It is expected to increase by $21.57 billion From 2019 to 2024. However, growth momentum is expected to slow at a CAGR of 20% during the forecast period. The report provides a detailed analysis of drivers and opportunities, winning strategies, competitive scenario, future market trends, market size and estimates, and key investment pockets.

APAC will record the highest growth rate, occupying 45% of the global market share. China And India The main markets for online language learning are in the Asia Pacific region.

Download Free Sample: For more additional information on major countries across geographies.

Seller Insights-

The online language learning market is fragmented due to the presence of many regional and international players.

Cengage Learning Inc.: The company offers English language teaching and learning products to students and professionals.

Duolingo Corporation: The company offers several online language courses such as English, Chinese, Spanish, and others.

EF Education First Ltd: The company offers more than 150 academic courses across 50 destinations and 9 languages. Some of the popular courses are EF Intensive Course, EF General Course and EF Basic Course.

Houghton Mifflin Harcourt Company: The company offers intervention solutions that meet curricular needs beyond core disciplines. The company also offers district and country-level cognitive and formative assessment tools and platform solutions.

McGraw-Hill Education Company: The company offers digital learning solutions that include adaptive digital learning tools, online assessment software, course management, cloud-based management software, cloud-based class activity, capture and replay, online access to e-books, social networking and community tools.

Find additional features about sellers and their product offerings. Download a free sample report

Regional Market Outlook

The growth of the online language learning market in the Asia Pacific region will be significant during the forecast period. Increasing enrollment of Asian students in foreign universities in North America And Europe Driving the growth of the online language learning market in the Asia Pacific region. In addition, factors such as an increase in the number of start-ups, an increase in investments, a steady growth of the economy, and favorable government measures contribute to the growth of the regional market.

Download our free sample report For more key points about the regional market share of most of the above countries.

The latest drivers and trends driving the market-

  • Online language learning marketplace driver:
    • Cost and flexibility benefits of online language learning:

Online language learning costs less compared to offline learning courses because it eliminates costs associated with classroom space, equipment, and other classroom essentials. In addition, many advantages offered by online language learning models such as easy registration, flexibility, customized learning materials, conversations, live forums, feedback on exams and tests, and self-learning increases its popularity among students, which leads to growth of the market.

  • Online language learning market trend:
    • The use of artificial intelligence (AI) in language learning:

Market vendors focus on launching online language learning models by integrating artificial intelligence. By leveraging AI, sellers are able to offer customized products to business learners, students, and travelers. Although AI integration is still in the process of being formed, it is expected to gain momentum among users during the forecast period and have a positive impact on market growth.

Find additional information on many of the other market drivers and indicators mentioned on our site Free sample report.

Related Reports:

Smart Education Market by Product, End User, and Geography – Forecast and Analysis 2021-2025

Educational Consulting Market by Type and Geography – Forecast and Analysis 2021-2025

Scope of the online language learning market

Report coverage

details

page number

120

base year

2019

prediction period

2020-2024

Growth Momentum and CAGR

slowing at a compound annual growth rate of 20%

Market Growth 2021-2024

$21.57 billion

Market Structure, Market Structure

fragmented

Annual Growth (%)

25.00

Regional Analysis

Asia Pacific, Europe, North America, South America, Middle East and Africa

Market share performance

Asia Pacific at 45%

Main consuming countries

China, India, USA, UK and Spain

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Cengage Learning Inc. and Duolingo Inc. and EF Education First Ltd. and Houghton Mifflin Harcourt Co. and McGraw-Hill Education Inc. and New Oriental Education and Technology Group Inc. and Pearson Plc and Rosetta Stone Inc. and Sanako Corp. Foxy Company

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID-19 and future consumer dynamics, market status analysis for the forecast period.

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

about us
Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of organizations 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 Current and potential markets and assess their competitive positions within changing market scenarios.

Call
Technavio Research
Jesse Maeda
Marketing and Media Executive
United States: +1844364 1100
United Kingdom: +44 203893 3200
email: [email protected]
Website: www.technavio.com/

The source is Technavio

.

About the author

Publishing Team