DUBLIN--(BUSINESS WIRE)--The "Online Language Learning - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Online Language Learning Market accounted for $8.17 billion in 2019 and is expected to reach $20.37 billion by 2027, growing at a CAGR of 12.1% during the forecast period.
Globalization and the increasing need for communication across the borders are propelling the market growth. However, technological risks and duplicitous sources may hamper the growth of the market.
Online language learning is a term referred to as the process of learning a new language. The virtual world is playing an important role in most of the sectors, especially in language learning. Globalization and expansion into new geographies are increasing cultural diversity and communication patterns which demand language learning programs and courses.
Based on the mode, the consumer segment is likely to have a huge demand due to growing adoption of the online language learning apps, availability of short and long term pricing plans, and drop in internet data costs are some of the major factors supporting the growth of this segment.
By geography, the Asia-Pacific is estimated to have a lucrative growth due to the factors such as substantial young population looking for better job opportunities, escalating penetration of smartphones, growing digitization of content, government initiatives for national online education networks, and shortage of teachers in rapidly developing countries.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Some of the key players profiled in the Online Language Learning Market include
- Voxy Inc.
- Duolingo Inc.
- EF Education First Ltd.
- Cengage Learning Inc.
- McGraw-Hill Education Inc.
- Sanako Corp.
- Pearson Plc
- Rosetta Stone Inc.
- Houghton Mifflin Harcourt Co.
- New Oriental Education and Technology Group Inc.
- Eleutian Technology
- Inlingua International
- Wall Street English
- iTutorGroup
- Babbel
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End-user Analysis
3.8 Emerging Markets
3.9 Impact of COVID-19
4 Porters Five Forces Analysis
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Online Language Learning Market, By Mode
5.1 Introduction
5.2 Consumer
5.3 Higher Education Department (HED)
5.4 K12
5.5 Non-profit
6 Global Online Language Learning Market, By Component
6.1 Introduction
6.2 Course
6.3 Solution
6.3.1 Tutoring
6.3.2 Software as a service (SaaS)
6.4 Services
6.4.1 Support
6.4.2 Training
7 Global Online Language Learning Market, By Language Type
7.1 Introduction
7.2 Arabic
7.3 English
7.4 French
7.5 German
7.6 Italian
7.7 Japanese
7.8 Korean
7.9 Mandarin Chinese
7.10 Spanish
7.11 Hindi
7.12 European Language
8 Global Online Language Learning Market, By Type
8.1 Introduction
8.2 Self-paced
8.3 Instructor-led
9 Global Online Language Learning Market, By Pricing Model
9.1 Introduction
9.2 Freemium
9.3 Subscription
9.3.1 Annual
9.3.2 Monthly
10 Global Online Language Learning Market, By Platform
10.1 Introduction
10.2 App-based
10.3 Web-based
11 Global Online Language Learning Market, By Deployment Mode
11.1 Introduction
11.2 Hybrid
11.3 Private
11.4 Public
12 Global Online Language Learning Market, By Application
12.1 Introduction
12.2 Banking
12.3 Consumer Goods
12.4 Energy
12.5 Entertainment
12.6 Financial Services
12.7 Healthcare
12.8 Insurance
12.9 IT and Telecom
12.10 Manufacturing
12.11 Media
12.12 Retail
13 Global Online Language Learning Market, By End-user
13.1 Introduction
13.2 Corporate
13.3 Educational Institutes
13.4 Individuals
13.5 Government Institution
14 Global Online Language Learning Market, By Geography
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launches
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/eks101
