PUBLISHER: TechNavio | PRODUCT CODE: 1416068
PUBLISHER: TechNavio | PRODUCT CODE: 1416068
The online language learning market is forecasted to grow by USD 42.10 bn during 2023-2028, accelerating at a CAGR of 19.73% during the forecast period. The report on the online language learning market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the cost benefits and flexibility of online language learning, emphasis on language learning by the corporate sector, and increasing enrollment of foreign students.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 19.18% |
CAGR | 19.73% |
Incremental Value | $42.10bn |
Technavio's online language learning market is segmented as below:
By End-user
By Language
By Geographical Landscape
This study identifies the artificial intelligence in language learning as one of the prime reasons driving the online language learning market growth during the next few years. Also, mobile learning and gamification in language learning and embedded analytical features will lead to sizable demand in the market.
The report on the online language learning market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online language learning market vendors that include Babbel GmbH, Berlitz Corp., Cengage Learning Inc., Chegg Inc., Duolingo Inc., Educational Testing Service, edX LLC, EF Education First Ltd., Enux Education Ltd., Houghton Mifflin Harcourt Co., inlingua International Ltd., iTutorGroup Inc., IXL Learning Inc., McGraw Hill LLC, Sanako Oy, Think and Learn Pvt. Ltd., uFaber Edutech Pvt. Ltd., University of Oxford, Voxy Inc., and New Oriental Education and Technology Group Inc.. Also, the online language learning market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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