Around 70% of world’s economic growth over the next few years is expected to come from emerging markets. It is expected that soon after 2030, the Chinese economy will surpass the U.S. economy. Moreover, the emerging markets have a combined population of more than 4 billion representing 60% of the world’s population and a large percentage of these people are younger than 40. This large base of young and tech-savvy population, vibrant entrepreneurial culture and an enabling regulatory environment demands — Online Language Learning courses. Emerging economies such as India, China, and Brazil provide significant growth opportunities for the international online language learning solution providers.
Meticulous Research® in its latest publication on Online Language Learning market states that the global Online Language Learning market is expected to grow at a CAGR of 13.1% from 2019 to 2025 to reach $10,518.3 million by 2025.
The growth of the global Online Language Learning market is mainly attributed to globalization and growing need for communication across borders, growing e-learning market, and rise in number of online language learning start-ups. Growing trade across nations, especially with emerging economies is a key factor driving the demand for online language learning courses. In addition, rising penetration of internet services and increasing number of smartphone users across the globe also showcase growth prospects in terms of higher penetration and technological evolution of the online language learning industry.
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To provide efficient analysis, Meticulous Research® has segmented this market on the basis by product (courses, solutions, and support), by type (English, French, Spanish, Mandarin Chinese, German, Italian, Arabic, Japanese, Korean, and Other language), end user (individual learners, corporate learners, educational institutions, and government institutions), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Key Topics Covered in This Report:
1.1. Market Ecosystem
1.2. Currency and Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
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4. Market insights
4.1. Market Dynamics
22.214.171.124. Globalization and Growing Need for Communication Across Borders
126.96.36.199. Growing E-Learning Market
188.8.131.52. Rise in Number of Online Language Learning Start-Ups
184.108.40.206. High Cost of Implementation
220.127.116.11. Regulations Pertaining to Data Security and Privacy
18.104.22.168. Rising internet User Base and Mobile Phone Users
22.214.171.124. Emerging Economies
126.96.36.199. Technological Advancements: Big Data and Artificial intelligence to Assist in Design of Customized Content
188.8.131.52. Flexible Pricing Structure
184.108.40.206. Growing Competition
4.2. User Demographics
4.2.1. By Type
4.2.2. By Age Group
5. Online Language Learning Market, by Product
6. Online Language Learning Market, by Type
6.5. Mandarin Chinese
6.11. Other Languages
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Geographically, Europe commanded the largest share of the global online language learning market in 2018, followed by North America and Asia Pacific regions. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. Growth in this market is mainly driven by growing demand for language learning tools in emerging economies in the region, rising enrolment in online higher education, influx of multinational companies in emerging markets, large share of young population residing in this region looking for better job opportunities, increasing penetration of smartphones, increasing digitization of content, government initiatives for development of national online education networks, and shortage of teachers in developing countries.
Based on type, English language accounted for the largest share of this market in 2018. The large share of this segment is mainly attributed to the growing need of learning English for businesses to communicate with customers, employees, and officials. Growing trade across nations is driving the need for English communication skills, specifically in the emerging countries across Asia Pacific region. This in turn supporting the growth of the online English language learning tools market.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Berlitz Corporation (U.S.), Rosetta Stone Inc. (U.S.), Memrise Inc. (U.K.), Inlingua International Ltd. (Switzerland), Sanako Corporation (Finland), Duolingo Inc. (U.S.), Lesson Nine GmbH (Germany), Busuu Ltd (U.K.), WeSpeke Inc. (U.S.), iTutor Group (Taiwan), Open Education LLC (U.S.), and Linguistica 360, Inc. (U.S.).
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