Online Language Learning Market to Grow by USD 21.57 bn | Cost Benefits and Flexibility of Online Language Learning to Boost Market Growth

Key Market Dynamics:

  • market drivers
  • Market Challenge

That Cost benefits and flexibility of online language learning are driving the growth of the online language learning market. Online language learning programs are cheaper compared to offline programs. Classroom, equipment, and other physical facilities are not charged for online language learning programs. The software and hardware necessary to enroll and complete course assignments are the minimum requirements for an online language learning program. Online learning also has other benefits such as easy registration, time flexibility, tailored learning materials, live chats and forums, instant feedback on quizzes and tests, and self-paced learning. Therefore, the low cost of online language learning along with its benefits will drive the growth of the global online language learning market over the forecast period.

Artificial intelligence (AI) in language learning will challenge the online language learning market during the forecast period. The introduction of AI in language learning reduces the time it takes to learn a language compared to traditional methods of language learning. The curriculum of online language learning platforms is very relevant and adapted to the needs of the learners. The learning content is tailor-made for business learners, students and travelers, for example. The implementation of AI in language learning is still in its infancy. However, it is expected to gain more favor among the users during the forecast period.

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market segmentation

By product, the Online Language Learning market report is segmented into Courses, Solutions and Apps. That courses segment will witness significant market share growth during the forecast period. The course segment is primarily driven by the rapid growth of self-paced e-learning in the education market.

Geographically, the market is segmented into APAC, Europe, North America, South Americaand MEA. APAC will be the leading region with 45% of the market growth during the forecast period. China and India are the key countries for online language learning market in APAC.

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Some companies mentioned

    • Cengage Learning Inc.
    • Duolingo Inc.
    • EF Education First Ltd.
    • Houghton Mifflin Harcourt Co.
    • McGraw-Hill Education Inc.
    • New Oriental Education and Technology Group Inc.
    • Pearson Plc
    • Rosetta Stone Inc.
    • Sanako Corp.
    • Voxy Inc.
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Scope of the online language learning market

report coverage

details

page number

120

base year

2019

forecast period

2020-2024

Growth Dynamics & CAGR

Deceleration at a CAGR of 20%

Market growth 2021-2024

$21.57 billion

market structure

fragmented

YoY Growth (%)

25.00

Regional Analysis

APAC, Europe, North America, South America and MEA

make a market contribution

APAC at 45%

Important consumer countries

China, India, USA, UK and Spain

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

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

market dynamics

Stem Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, Market State Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Main topics covered:

summary

market landscape

  • market ecosystem
  • market characteristics

market size

  • market definition
  • Market Segment Analysis
  • Market size 2019
  • Market Outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Summary of the Five Forces
  • bargaining power of buyers
  • bargaining power of suppliers
  • Threat of new entrants
  • Danger from substitutes
  • threat of rivalry
  • market condition

Market segmentation by product

  • market segments
  • Comparison by product
  • Courses – Market Size and Forecast 2019-2024
  • Solutions – Market Size and Forecast 2019-2024
  • Apps – Market Size and Forecast 2019-2024
  • Market opportunity by product

Market segmentation by language

  • market segments
  • Comparison by language
  • English – Market Size and Forecast 2019-2024
  • Mandarin – market size and forecast 2019-2024
  • Spanish – Market size and forecast 2019-2024
  • Others – Market Size and Forecast 2019-2024
  • Market opportunity by language

customer landscape

geographic landscape

  • Geographic Segmentation
  • Geographical comparison
  • APAC – Market Size and Forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market Size and Forecast 2019-2024
  • Important Leading Countries
  • Market Opportunities by Geography
  • Volume drivers – supply-driven growth
  • Volume Driver – Demand Driven Growth
  • Volume driver – shift in demand in adjacent markets
  • market challenges
  • market trends

provider landscape

  • overview
  • provider landscape
  • disturbance of the landscape
  • providers covered
  • Market positioning of providers
  • Cengage Learning Inc.
  • Duolingo Inc.
  • EF Education First Ltd.
  • Houghton Mifflin Harcourt Co.
  • McGraw-Hill Education Inc.
  • New Oriental Education and Technology Group Inc.
  • Pearson Plc
  • Rosetta Stone Inc.
  • Sanako Corp.
  • Voxy Inc.

attachment

  • scope of the report
  • Currency conversion rates for US$
  • research methodology
  • List of abbreviations

about us
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