DUBLIN--(BUSINESS WIRE)--The "Online Language Learning Market by Product (Course, Solution, Support), Type (English, French, Spanish, Mandarin, Arabic, Japanese, Italian, German), End (Individual, Corporate, Educational Institution, Government) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global online language learning market is expected to grow at a CAGR of 13.1% from 2019 to reach $10.5 billion by 2025.
The growth in online language learning market is mainly attributed to globalization and growing need for communication across borders, growing E-learning market, and rise in the number of online language learning start-ups. Moreover, technological advancements, flexible pricing structure, and growing competition are the major trends in this market.
In addition, rising internet user base and mobile phone users and emerging economies offer growth opportunities for the players operating in this market. However, the high cost of implementation and regulations pertaining to data security and privacy are the key factors expected to hinder the adoption of online language learning products.
Courses segment is estimated to command the largest share of global online language learning market in 2019 and it is expected to continue its dominance during the forecast period, mainly due to the need for higher-level skills in the workforce, an increasingly diverse student population, globalization, and the demand for lifelong learning.
On the basis of end-user, the online language learning market for individual learners commanded the largest share of the global market. This is attributed to a growing demand for second language learning, need for personalized content, a rising number of enrollments in foreign universities, and the growing trend towards finding better opportunities in foreign countries.
Europe commanded the largest share of the global online language learning market in 2018, followed by North America, Asia-Pacific, Middle East & Africa, and Latin America. The large share of this regional segment is mainly attributed to the rising number of immigrants in the region, high education expenditure, growing economy, home to the number of large corporations and best educational institutions, and shift of focus from traditional classroom language learning to online mode.
Key Topics Covered:
1.1. Market Ecosystem
1.2. Currency and Limitations
1.3. Key Stakeholders
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1. Market Dynamics
18.104.22.168. Globalization and Growing Need for Communication Across Borders
22.214.171.124. Growing E-Learning Market
126.96.36.199. Rise in Number of Online Language Learning Start-Ups
188.8.131.52. High Cost of Implementation
184.108.40.206. Regulations Pertaining to Data Security and Privacy
220.127.116.11. Rising internet User Base and Mobile Phone Users
18.104.22.168. Emerging Economies
22.214.171.124. Technological Advancements: Big Data and Artificial intelligence to Assist in Design of Customized Content
126.96.36.199. Flexible Pricing Structure
188.8.131.52. Growing Competition
4.2. User Demographics
4.2.1. By Type
4.2.2. By Age Group
5. Online Language Learning Market, by Product
6. Online Language Learning Market, by Type
6.5. Mandarin Chinese
6.11. Other Languages
7. Online Language Learning Market, by End User
7.2. Individual Learners
7.3. Corporate Learners
7.4. Educational institutions
7.5. Government institutions
8. Online Language Learning Market, by Geography
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.
For more information about this report visit https://www.researchandmarkets.com/r/p6qtkm