LONDON, Sept. 16, 2022 /PRNewswire/ — The global language learning market size in terms of revenue was worth of USD 59.60 Billion in 2021 and is expected to reach USD 191.06 Billion in 2028, growing at a CAGR of 18.3% from 2022 to 2028.
With a higher rate of language learning adoption across all countries, as well as rising Government support regarding the digital language learning and Rise in Globalization of economy along with technological advancement is a key driving factor for the growth of the Language Learning Market.
Language Learning Market Size Share Companies & Trends Analysis Report By Type (English, Spanish, German, Chinese, French, Others), By Learning Mode (Offline, Online), By End-Users (Institutional Learner, Individual Learner), Based On Region And Segment Forecasts 2022 – 2028
Get Sample of Report at: https://brandessenceresearch.com/requestSample/PostId/1507
Language Learning Market Key Companies Covered in this Research Report
Rosetta Stone LTD.
EF Education First Ltd
Babbel
Speexx
Sanako Corporation
Intap Labs Pvt. Ltd.
Ufostudio
Busuu
Duolingo
Others
Growing adoption of language learning is becoming a part of this growing ecosystem nowadays. The onset of the Covid-19 pandemic resulted in the closure of all institutes and schools, which led to drastic changes in the education sector, with a significant increase in e-learning, whereby education is undertaken remotely using digital platforms. According to UNICEF, during Covid-19, schools for more than 168 million children globally have been totally closed for almost a full year. As well, according to the World Economic Forum, various regions or countries are at different points in their COVID-19 infection rates, and currently, more than 1.2 billion children in 186 countries are impacted by school closures due to the pandemic. This has raised the demand for online language learning during the Covid-19 situation.
Also, rise in globalization of the economy as well as technological advancement is one of the major factors driving the growth of the language learning market over the forecast period. This has become the leading driver of demand within the global market for language learning. Learning different languages can give a person an opportunity to see the world and boost the person’s profession. Therefore, the rise in globalization of the economy as well as technological advancement is driving the market. For example; according to an article, in 2020, Duolingo had become the most popular way to learn a language globally and the most downloaded education app in the world. The company allowed to achieve enormous scale with over 500 million total users and around 40 million monthly active users in every country in the world. Also, according to the World Health Organization, who announced that Covid-19 had become a global pandemic in 2020, 30 million new learners began studying a language on Duolingo, which is 67% more new learners than during the same period in 2019.
Global Language Learning Market Segmentation:
By Type
English
Spanish
German
Chinese
French
Others
By Learning Mode
Offline
Online
By End-Users
Institutional Learner
Individual Learner
Buy this report now: https://brandessenceresearch.com/Checkout?report_id=1507
Market Trends of Language Learning Market
Language learning has become more of a necessity for organizations, education, and government bodies to equip them with the relevant skills and capabilities for the future. Latest trends and technologies in the market are enhancing the revenue stream of the language learning market worldwide.
Rising Interest of Learning New Languages Among Gen Z Population is Enhancing Market Sale
Gen Z are the passive learners and learning for this generation has been structured to be more active, incorporated more on-demand online learning tools, and been more collaborative. Young learners see language learning as a tool to create and retain connections with the culture, family, and media they care about the most. For example, in the U.S., about 60% of U.S. language learners are under the age of 30. The interest amongst Gen Z towards language learning has increased dramatically. It is also reported that Asian languages, mainly Japanese and Korean, are particularly popular among Gen Z learners, especially because younger people use language study to connect to their other interests, like culture and movies. Furthermore, growing interest towards studying in foreign countries has also led Gen Z drives interest in language learning. Besides aforesaid factors, getting placed in MNCs companies is another aspect to learn new languages as language skills open an entire world of opportunities. As a result, interest of Gen Z in language learning is growing day by day and are trending in the market all over the world.
Growing Implementation of Smarter Artificial Intelligence is Trending in Language Learning Globally
Artificial Intelligence (AI) is also being implemented ever more widely in education, from automated assessment to speech recognition, adaptive and personalized provision of educational resources. Digital upskilling indeed transformed the approach global organizations perceive learning & development (L&D) especially when the use of virtual classrooms has become the most viable alternative during the COVID-19 pandemic. This shifted learning leaders’ emphasis to digital learning modalities to continue training their employees wherever they are. Digital language learning has become the norm for corporations as L&D functions start to shift from traditional in-person face-to-face (F2F) learning to online and virtual modes of learning. This has led to the wider use of technology in L&D than ever before. In September 2021, Indian Institute of Technology-Bombay (IIT-B) have launched an artificial intelligence (AI)-based software ecosystem that converts scientific and technical content from English to Hindi and various other Indian languages. The demand for artificial intelligence (AI) has become trendy way in the corporate learning sphere. It paved the path for a more immersive learning environment and training design that benefits employees, students and organizations, educational bodies as it improves efficiency and productivity.
All mentioned trends in the language learning markets are permitting the industry participants to align with their goals and to strengthen their sale.
Get Methodology at: https://brandessenceresearch.com/requestMethodology/PostId/1507
Language Learning Market Regional Analysis
Europe is expected to dominate the Global Language Learning Market within the forecast period attributed to highest number of foreign language learners in this region. According to the study by Pew Research Center, highest numbers of primary and secondary students learning foreign language are from European countries. Duolingo, U.S. based firm stated that language learners increased in 2020 in U.K by 132%. The choice of language in this region is English, French and German. In the U.S., Spanish is the top choice by language learners. Asia Pacific is expected to develop at a significant rate owing to the increase demand for language learning as well as rising investments and expansion by various MNC’s. Furthermore, language learning is also a part of curriculum in the region is also expected to support the growth of language learning market over the forecast period.
On Special Requirement Language Learning Market Report is also available for below region:
North America
U.S., Canada
Europe
Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA
Get Full Access of all Report: https://brandessenceresearch.com/technology-and-media/language-learning-market
Related Reports:
E-learning Market Size to Hit USD 1370.56 Billion by 2028
Foreign Language Learning Market Size, Share, Companies & Trends Analysis By Product (Solutions, Courses, Support), By Type (French, English, Mandarin, German, Spanish, Korean, Japanese, Italian), By End-Use (Corporate Learners, Government Learners, Individual Learners, Educational Institute), Based On Region, And Segment Forecasts, 2022 – 2028
Simulation Software Market Size Share Companies & Trends Analysis Report By Component (Software {Finite Element Analysis, Computational Fluid Dynamics, Electromagnetic Waves}, Services {Design And Consulting, Support And Maintenance}) By Deployment (Cloud, On-Premises), By Application (ELearning And Training, R&D), By End-User (Automobile, Aerospace And Defense, Electrical And Electronics, Industrial Manufacturing, Healthcare, Education And Research), Based On Region And Segment Forecasts 2022 – 2028
The Facility Management Market Size is projected to reach USD 98.07 Billion by 2028
Home Security Systems Market Size & Share to Surpass USD 95.08 Billion by 2028
Service Robotics Market Size is projected to reach USD 140.94 Billion by 2027
Document Imaging Market Size is Expected to Reach USD 242.34 Billion by 2028
Pet Tech Market is Expected to Reach USD 22075.5 Million by 2028
OLED TV Market size is expected to Reach USD 22.63 Bn by 2028
i-Factor: Live Market intelligence platform
I-Factor is our guaranteed seal to keep our clients ahead of the competition, always. This knowledge platform delivers real-time updates on key economic indicators, competitive landscape, changing demand, trends, customized regional insights, and more. The platform visualizes key data points to help make decision making agile, trustworthy, and holistic. Register for free trial here at https://brandessenceresearch.com/i-factor/login/userRegister
Brandessence Market Research & Consulting Pvt ltd.
Brandessence Market Research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Follow Us: Linkedin Blog: Digital Gaming Companies
Contact:
Mr. Vishal Sawant
Email: vishal@brandessenceresearch.com
Email: Sales@brandessenceresearch.com
Corporate Sales: +44-2038074155
Asia Office: +917447409162
Logo: https://mma.prnewswire.com/media/1392316/BEMR_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/at-18-3-cagr-language-learning-market-to-hit-usd-191-06-billion-by-2028-global-growth-industry-trends-value-analysis–forecast-by-brandessence-market-research-301626100.html
SOURCE Brandessence Market Research And Consulting Private Limited
(Bloomberg) — The Biden administration's announcement that qualifying borrowers can receive up to $20,000 in forgiveness on federally held student loans first elicited cheers from many of the 43 million Americans eligible to have their debt wiped. Then came a barrage of questions.Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniTurkey Seeks to Be First NATO Member to Join China-Led SCOUkraine Latest: Biden Warns Putin; Nuclear Plant Gets Grid PowerWhat to Watch
The centerpiece of the student debt-relief plan that President Joe Biden announced last month is his decision to cancel up to $20,000 per borrower in federal loans. But the more far-reaching — and, over time, more expensive — element of the president’s strategy is his blueprint for a revamped income-linked repayment plan, which would sharply reduce what many borrowers pay every month. It could, however, have unintended consequences. Unscrupulous schools, including for-profit institutions, have l
For all you parents out there: want your kids to get filthy rich? One path to great wealth is going to a first-class university. That's what a study from global research firm Altrata shows. Here is its ranking of the top 10 U.
A school bus driver in Brusly, La turned himself in on Tuesday evening following a bizarre incident involving him and a 13-year-old middle school girl on his bus route.
Since President Joe Biden announced his plans to cancel up to $20,000 in student loan debt for qualifying Americans last month, people have been wondering: When can I apply? See: 5 'Shark Tank' Fails…
The U.S. News & World Report college rankings delivered some big surprises. Last year's No. 2 Columbia University in Manhattan tumbled 16 spots to 18.
Teachers do so much more than impart knowledge but it is getting harder for them each day.
Parents whose children received Pell Grants are not eligible for the $20,000 in forgiveness although they took out loans federal Parent PLUS loans to help
Shiva Rajbhandari, 18, beat out an opponent endorsed by a local far-right group that had harassed officials and supported banning books.
Jones and his company, Free Speech Systems, are on trial in Connecticut in a lawsuit brought by an FBI agent who responded to the shooting and relatives of eight of the 20 first graders and six educators killed in the December 2012 massacre.
Yeshiva University has abruptly suspended student club activity in the wake of a U.S. Supreme Court decision earlier this week that ordered the school to recognize — for now — an LGBTQ student group. In an email to students, university officials on Friday said that it “hold off on all undergraduate club activities while it immediately takes steps to follow the roadmap provided by the U.S. Supreme Court to protect YU's religious freedom.” On Wednesday, the high court cleared the way for the LGBTQ group, YU Pride Alliance, to gain official recognition from the Jewish university in New York.
L.A. schools Supt. Carvalho and Police Chief Moore reach for strategies to prevent more overdose deaths on and off school grounds.
President Joe Biden announced his administration's much-anticipated plan for student loan forgiveness on Aug. 24. But now, a group of senators is urging the administration to revise the forgiveness of…
During the 2020 census, The Associated Press documented cases of census takers who were pressured by their supervisors to enter false information into a computer system about homes they had not visited so they could close cases during the waning days of the census. Supervisors were able to track their census takers' work in real time through mobile devices that the census takers used to record information about households' numbers, demographic characteristics and members' relationships to one another. As a result, supervisors would get alerts when actions raised red flags about accuracy, such as a census taker recording data on a home while far away from the address or a census taker conducting an interview in just a few minutes.
The underlying pressures driving inflation in Canada are likely to peak in the fourth quarter of this year, economists told Reuters, though most see signs fast rising prices are becoming entrenched and warn a recession may be needed to avoid a spiral. Canada's inflation data for August will be released on Tuesday, with analysts forecasting the headline rate will edge down to 7.3%, from 7.6% in July and a four-decade high of 8.1% in June. But all eyes will be on the three core measures of inflation – CPI Common, CPI Median and CPI Trim – which taken together are seen as a better indicator of underlying price pressures.
(Bloomberg) — Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniTurkey Seeks to Be First NATO Member to Join China-Led SCOUkraine Latest: Biden Warns Putin; Nuclear Plant Gets Grid PowerWhat to Watch as Commodities Traders Prepare for PowellTycoon Running a Quarter of China’s Copper Trade Is on the RopesArabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs Group Inc, HSBC Holdings Plc and SNB Capital to manage it
The coalition aims to advance 1 million Blacks in jobs with opportunities for growth by 2030.
(Bloomberg) — Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniTurkey Seeks to Be First NATO Member to Join China-Led SCOUkraine Latest: Biden Warns Putin; Nuclear Plant Gets Grid PowerWhat to Watch as Commodities Traders Prepare for PowellTycoon Running a Quarter of China’s Copper Trade Is on the RopesRampant inflation has been at the core of this year’s equities selloff and it’s not going away. Now comes the hard part: positioning for it.In theory, steeply ris
Cybersecurity stocks have underperformed vs. the S&P 500. But cloud security companies may be better positioned as corporate budgets tighten.
Markets face another hefty interest rate hike in the week ahead as policymakers continue their fight against stubborn inflation.
