Global Online Language Learning Market 2019-2023: By Courses, Apps, Providers, Emerging Trends, Vendor Analysis, Regions and Business Opportunities
This report on online language learning provides in depth analysis of online learning involves courses offered by institutions,By Languages, Courses, Apps, Providers, Emerging Trends, Vendor Analysis, and Regional Opportunities till 2023.
Dallas, United States – November 15, 2018 /MarketersMedia/ —
Online language learning is the process of learning languages through digital mediums such as software and mobile apps that have access to the Internet.
Analysts forecast the Global Online Language Learning Market to grow at a CAGR of 17.89% during the period 2019-2023.
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The online language learning market is driven by the desire for better education and employment opportunities. The adoption of SMAC (social, mobile, analytics & cloud) in online language learning has transformed the way that content is being delivered to those willing to take up these courses. AI integrated online language learning is the popular trend, which is enabling the educators to develop content that caters to all types of users and their needs, meanwhile driving business innovations. Mobile apps, software, eBooks, video and audio clips, e-learning, and games are some of the methods being used for online language learning. These are interactive and provide a real-time feedback feature to the users.
English is the second most spoken language in the world, and it is the most popular among language learners. People who migrate from non-English speaking countries to English speaking countries need to pass an English proficiency test. These online learning methods can be very useful. A person can learn the language on the go, and is constantly provided with small tests to evaluate and improve their skills. Most of these apps and software come with a free trial period followed by a subscription plan. They are cost-effective, interactive, and are designed for various levels of proficiency.
Key players in this industry like:-
• Duolingo
• Busuu
• Babbel
• Rosetta Stone
• Houghton Mifflin Harcourt, etc.
Are constantly developing new strategies to grow their business, as the market is competitive. Many open source and free resources are available on the internet, which may affect the growth of these paid apps and software. The market for online English learning was valued at approximately $3 billion in 2017 just for the USA. The Asia Pacific region is expected to have the highest growth in the global online language learning market during the forecast period, owing to its rising population which is seeking jobs and education in foreign countries.
Market driver
• Cost benefits of online language learning
• For a full, detailed list, view our report
Market challenge
• Threat from open sources
• For a full, detailed list, view our report
Market trend
• Artificial intelligence (AI) in language learning
• For a full, detailed list, view our report
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Major Point from Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: MARKET SEGMENTATION BY LANGUAGE
Market segmentation by language
Comparison by language
English – Market size and forecast 2018-2023
Mandarin – Market size and forecast 2018-2023
Spanish – Market size and forecast 2018-2023
Others – Market size and forecast 2018-2023
Market opportunity by language
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Artificial Intelligence (AI) in language learning
Mobile learning and gamification in language learning
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Duolingo
Houghton Mifflin Harcour
Pearson
Rosetta Stone
Sanako
PART 15: APPENDIX
Research methodology
List of abbreviations
PART 16: EXPLORE TECHNAVIO
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