Global Online Language Learning Market Share To Grow At A CAGR Of 18.8% By 2028

21-Apr-2022 | Facts and Factors

According to the Facts & Factors report, the global online language learning market was worth about 14.2 (USD billion) in 2021 and is predicted to grow to around 28.5 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 18.8%.

Online language learning is student-centered, allowing for the customization and modularization of knowledge while also ensuring maximum flexibility and exemplifying the qualities of active learning in the teaching mode. Geographic expansion and globalization are expanding cultural diversity and communication patterns, necessitating the development of linguistic courses and programs.

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Browse the full “Online Language Learning Market By Product (Institutional Learners and Individual Learners), By Language (Japanese, German, French, Chinese, Spanish, English, and Others), and By Region-Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” report at https://www.fnfresearch.com/online-language-learning-market

The expanding range of tourism developments, as well as the rising demand for online courses, may act as catalysts in the global online language learning market. In the majority of countries, education is regarded not only as a human right but also as a responsibility to ensure residents' and governments' access to basic education. National governments also announce an instant increase in education investment to support the global education crisis. Simple information access, focus on virtual reality, a powerful approach, and the incorporation of cutting-edge technology are driving forces of the size of the online language learning market.

Furthermore, improved education, soaring technology & phone users, and international corporations' multilingual choice provide people working in the total online language learning market with immense opportunities for growth. However, many companies are unsure of the basics of online language learning, which is predicted to stifle the market's growth. Furthermore, internet access is not available in every part of the world, restricting market growth.

The global online language learning market is segregated on the basis of product, language, and region. By product, the market is divided into institutional learners and individual learners. In 2020, the individual learner's segment commanded the largest proportion of the market. Rising internet accessibility, an increase in mobile phone customer base, and the consistent release of mobile applications at reasonable rates by major players are among the factors driving this segment's growth. By language, the market is divided into Japanese, German, French, Spanish, English, and others.

Because of growing globalization, awareness of developing English language skills, priority for English over other languages, and implementation of English as a global language, the English language accounted for the largest share of the global online language learning market in 2020. Mandarin Chinese, on the other hand, is anticipated to grow at the fastest CAGR during the projected period given the rapidly changing worldwide trade & economic circumstances, soaring deals with Chinese companies, expanding education opportunities in China, and industry expansion in the country.

Due to factors such as rising admissions in online higher education, the rapid expansion of multinational companies, a substantial young population looking for better job opportunities, growing smartphone penetration, rising digitalization of content, government plans for national online education networks, and teacher shortages in rapidly developing countries, Asia Pacific region is expected to be the fastest-growing regional market during the forecast period.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 14.2 Billion

Projected Market Size in 2028

USD 28.5 Billion

CAGR Growth Rate

18.8% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Pearson ELT, Wall Street English, EF Education First, Berlitz Languages, Inlingua International, Rosetta Stone, Vipkid, New Oriental, Dexway, Macmillan Education, Eleutian Technology, Live Language, Duolingo, Linguatronics, Houghton Mifflin Harcourt, Babbel, Sanako Corporation, iTutorGroup, Busuu, 51talk, and SANS Inc., among others

Key Segment

By Product, Language, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the main competitors dominating the global online language learning market are Pearson ELT, Wall Street English, EF Education First, Berlitz Languages, Inlingua International, Rosetta Stone, Vipkid, New Oriental, Dexway, Macmillan Education, Eleutian Technology, Live Language, Duolingo, Linguatronics, Houghton Mifflin Harcourt, Babbel, Sanako Corporation, iTutorGroup, Busuu, 51talk, and SANS Inc.

Recent Development

  • March 2020: Sanako Corporation announced the availability of a subscription service for Sanako Connect, a new remote classroom learning solution for schools. Sanako Connect enables teachers and students to access sessions from any location using a Chromebook, laptop, or tablet, as well as text and audio-based communication tools between students and teachers.
  • April 2020: Rosetta Stone Inc. announced that all consumer subscribers will receive unlimited free language tutoring. The company commits to providing users with live tutoring from native speakers who can assist language learners in practicing a new language by speaking and listening in an interactive way.

The global online language learning market is segmented as follows:

By Product

  • Institutional Learners
  • Individual Learners

By Language

  • Japanese
  • German
  • French
  • Spanish
  • English
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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