Online Language Learning Market to Be Worth $10.5 Billion by 2024 - Exclusive Report by Meticulous Research®
LONDON, August 19, 2019 (Newswire.com) - Meticulous Research® has published the latest market research report on the highly intriguing industry segment “Online Language Learning” in the past week. The report states that the global Online Language Learning market will increase at a CAGR of 13.1% from 2019 to reach $10.5 billion by 2025, driven by globalization and a growing need for communication across borders, the growing e-learning market, and a rise in the number of online language learning startups.
The report provides a meticulous analysis of this market by segmenting it on the basis of product (courses, solutions, and support), language (English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and Others), end-user (individual learners, corporate learners, educational institutions, and government learners) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).
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Geographically, Europe commanded the largest share in this market, followed by North America. The major share of Europe is mainly attributed to the prospects of better education, increasing trade with emerging economies, rising demand for better employment opportunities and increasing focus on language learning programs in the corporate sector.
“The advent of cloud infrastructure, peer-to-peer problem solving, and open content creation is further creating significant business opportunities for service providers in e-learning, including online language learning market!” said Uddhav Sable, Research Director at Meticulous Research®.
Among product types, the courses segment commanded the largest share in this market. The largest share of this segment is primarily attributed to the rising need for higher-level skills in the workforce, an increasingly diverse student population, globalization and the demand for lifelong learning.
The key players analyzed in the global Online Language Learning market are Inlingua, Speexxm, Berlitz, Pimsleur, Living Language, McGraw-Hill Education, Duolingo, Inc., Fluenz, Busuu Ltd., and Babbel.
The report is available for purchase in electronic format with multiple license choices and sectional purchases, starting from $499 only.
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Scope of the Report:
1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. 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
4. Market insights
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Globalization and Growing Need for Communication Across Borders
4.1.1.2. Growing E-Learning Market
4.1.1.3. Rise in Number of Online Language Learning Start-Ups
4.1.2. Restraints/Challenges
4.1.2.1. High Cost of Implementation
4.1.2.2. Regulations Pertaining to Data Security and Privacy
4.1.3. Opportunities
4.1.3.1. Rising internet User Base and Mobile Phone Users
4.1.3.2. Emerging Economies
4.1.4. Trends
4.1.4.1. Technological Advancements: Big Data and Artificial intelligence to Assist in Design of Customized Content
4.1.4.2. Flexible Pricing Structure
4.1.4.3. Growing Competition
4.2. User Demographics
4.2.1. By Type
4.2.2. By Age Group
5. Online Language Learning Market, by Product
5.1. Introduction
5.2. Courses
5.3. Solutions
5.3.1. Software
5.3.2. Apps
5.4. Support
6. Online Language Learning Market, by Type
6.1. Introduction
6.2. English
6.3. French
6.4. Spanish
6.5. Mandarin Chinese
6.6. German
6.7. Italian
6.8. Arabic
6.9. Japanese
6.10. Korean
6.11. Other Languages
7. Online Language Learning Market, by End User
7.1. Introduction
7.2. Individual Learners
7.3. Corporate Learners
7.4. Educational institutions
7.5. Government institutions
8. Online Language Learning Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Russia
8.3.7. Poland
8.3.8. Netherlands
8.3.9. Belgium
8.3.10. Sweden
8.3.11. Austria
8.3.12. Switzerland
8.3.13. Finland
8.3.14. Norway
8.3.15. Turkey
8.3.16. Ireland
8.3.17. RoE
8.4. Asia Pacific (APAC)
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. Indonesia
8.4.7. Taiwan
8.4.8. Hong Kong
8.4.9. New Zealand
8.4.10. Rest of APAC
8.5. Middle East
8.5.1. Saudi Arabia
8.5.2. Rest of Middle East
8.6. Latin America
8.6.1. Brazil
8.6.2. Rest of Latin America
9. Competitive Landscape
9.1. Competitive Benchmarking
10. Company Profiles(Business Overview, Financial Overview, Product Portfolio, Recent Developments)
10.1. Berlitz Corporation
10.2. Rosetta Stone Inc.
10.3. Memrise Inc.
10.4. Inlingua international Ltd.
10.5. Sanako Corporation
10.6. Duolingo Inc.
10.7. Lesson Nine GmbH (Babbel)
10.8. Busuu Ltd
10.9. Wespeke Inc.
10.10. I Tutor Group
10.11. Open Education LLC
10.12. Linguistica 360, Inc.
11. Appendix
11.1. Questionnaire
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Source: Meticulous Market Research Pvt. Ltd.
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