Online Language Learning Market size to grow by USD 29.96 Bn; APAC to occupy 45% market share - Technavio

PR Newswire
Wednesday, November 23, 2022 at 1:15pm UTC

Online Language Learning Market size to grow by USD 29.96 Bn; APAC to occupy 45% market share - Technavio

PR Newswire

NEW YORK, Nov. 23, 2022 /PRNewswire/ -- The global online language learning market report by Technavio projects an incremental growth of USD 29.96 billion between 2021 and 2026. The growth momentum in the market is accelerating at a CAGR of 18.77%. The report provides a detailed analysis of the current market size, future growth opportunities, regional analysis, and the factors impacting the growth of the market. Understand how the purchase of the report can have a direct impact on your revenue. Download a Free PDF Report Sample

Regional Analysis

About 45% of the market growth will come from APAC and the market in APAC is expected to continue its dominance by registering significant growth during the forecast period. The growth of the regional market is mainly driven by the increasing enrollment of Asian students into foreign universities in North America and Europe. In addition to this, the region is emerging as the global hub for manufacturing and services. Hence, it has become a necessity for professionals to learn foreign languages to converse with clients from various countries. All these factors are fostering the growth of the online language learning market in APAC.

Major Revenue-generating Segment

Based on the product, the market is analyzed across segments such as courses, solutions, and apps. The market growth will be significant in the courses segment over the forecast period. The courses segment will be primarily driven by the rapid growth of self-paced learning in the education market. In addition, the necessity of learning a foreign language is increasing with the growing number of international businesses and an increasing number of international students. Thus, the segment will witness accelerating growth during the forecast period.

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Key Growth Driver

The market is driven by the cost benefits and flexibility of online language learning. Online language learning programs cost less when compared with offline ones. They eliminate the costs associated with setting up classroom space, equipment, and other physical amenities. With the rapid penetration of digital technologies globally, online learning apps and software have become more accessible to end-users. In addition, some of the benefits offered by online language learning programs such as easy registration, flexibility, customization, live chats and forums, and self-paced learning are increasing their popularity among learners. Such benefits along with cost advantages are driving the growth of the online language learning market.

Major Trend

As per Technavio, the use of artificial intelligence in language learning will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth.

Online Language Learning Market: Artificial Intelligence in Language Learning

Some of the vendors in the market are incorporating AI in their language learning programs to enhance the learning experience for end-users. For instance, Duolingo offers AI-powered chatbots to support language learning. The company offers three virtual bots to make the language learning experience more interactive. Similarly, RISE Education Cayman Limited, a China-based junior English language training provider, offers an intelligent learning platform based on AI to empower teachers and parents to improve the learning experiences for students. The platform facilitates communication between students, teachers, and students, along with efficient English language learning experiences. Such developments among vendors are expected to have a positive impact on the growth of the global online language learning market during the forecast period. Get detailed insights into the impact of drivers, trends, and challenges on the growth of the global roti maker market. Buy Report!

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Related Reports:

  • The business English language training market size is predicted to surge to USD 7.20 billion from 2021 to 2026 at a CAGR of 9.76%. The report segments the market by end-user (institutional learners and individual learners), learning method (online learning and blended learning), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
  • The digital English language learning market size in APAC is expected to grow by USD 5.61 billion and record a CAGR of 17.42% during 2021-2025. The market is segmented by end-user (non-academic learners and academic learners), deployment (on-premise and cloud-based), and geography (China, India, and the rest of APAC).

Online Language Learning Market Scope

Report Coverage

Details

Page number

156

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.77%

Market growth 2022-2026

USD 29.96 billion

Market structure

Fragmented

YoY growth (%)

17.67

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key countries

US, China, India, UK, and Spain

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Babbel GmbH, Benesse Holdings Inc., Busuu Ltd., Cengage Learning Inc., Duolingo Inc., Educational Testing Service, EF Education First Ltd., Enux Education Ltd., Houghton Mifflin Harcourt Co., inlingua International Ltd., IXL Learning Inc., Linguarama International Ltd., Linguatronics LC, McGraw Hill Education Inc., New Oriental Education and Technology Group Inc., Oxford University Press, Pearson Plc, Sanako Oy, Think and Learn Pvt. Ltd., and Voxy Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Language
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Language

  • 5.1 Market segments 
    • Exhibit 25: Chart on Language - Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Language - Market share 2021-2026 (%)
  • 5.2 Comparison by Language 
    • Exhibit 27: Chart on Comparison by Language
    • Exhibit 28: Data Table on Comparison by Language
  • 5.3 English - Market size and forecast 2021-2026
    • Exhibit 29: Chart on English - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on English - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on English - Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on English - Year-over-year growth 2021-2026 (%)
  • 5.4 Mandarin - Market size and forecast 2021-2026
    • Exhibit 33: Chart on Mandarin - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Mandarin - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Mandarin - Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Mandarin - Year-over-year growth 2021-2026 (%)
  • 5.5 Spanish - Market size and forecast 2021-2026
    • Exhibit 37: Chart on Spanish - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Data Table on Spanish - Market size and forecast 2021-2026 ($ million)
    • Exhibit 39: Chart on Spanish - Year-over-year growth 2021-2026 (%)
    • Exhibit 40: Data Table on Spanish - Year-over-year growth 2021-2026 (%)
  • 5.6 Others - Market size and forecast 2021-2026
    • Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Language 
    • Exhibit 45: Market opportunity by Language ($ million)

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 46: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 47: Data Table on Product - Market share 2021-2026 (%)
  • 6.2 Comparison by Product 
    • Exhibit 48: Chart on Comparison by Product
    • Exhibit 49: Data Table on Comparison by Product
  • 6.3 Courses - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Courses - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Courses - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Courses - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Courses - Year-over-year growth 2021-2026 (%)
  • 6.4 Solutions - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Solutions - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Solutions - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Solutions - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Solutions - Year-over-year growth 2021-2026 (%)
  • 6.5 Apps - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Apps - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Apps - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Apps - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Apps - Year-over-year growth 2021-2026 (%)
  • 6.6 Market opportunity by Product 
    • Exhibit 62: Market opportunity by Product ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation 
    • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison 
    • Exhibit 66: Chart on Geographic comparison
    • Exhibit 67: Data Table on Geographic comparison
  • 8.3 APAC - Market size and forecast 2021-2026
    • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 8.4 Europe - Market size and forecast 2021-2026
    • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 8.5 North America - Market size and forecast 2021-2026
    • Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 8.6 South America - Market size and forecast 2021-2026
    • Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 8.8 China - Market size and forecast 2021-2026
    • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 8.9 US - Market size and forecast 2021-2026
    • Exhibit 92: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 8.10 India - Market size and forecast 2021-2026
    • Exhibit 96: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 97: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 98: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 8.11 UK - Market size and forecast 2021-2026
    • Exhibit 100: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 101: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 102: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 103: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 8.12 Spain - Market size and forecast 2021-2026
    • Exhibit 104: Chart on Spain - Market size and forecast 2021-2026 ($ million)
    • Exhibit 105: Data Table on Spain - Market size and forecast 2021-2026 ($ million)
    • Exhibit 106: Chart on Spain - Year-over-year growth 2021-2026 (%)
    • Exhibit 107: Data Table on Spain - Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography 
    • Exhibit 108: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 109: Impact of drivers and challenges in 2021 and 2026
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape 
    • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption 
    • Exhibit 111: Overview on factors of disruption
  • 10.4 Industry risks 
    • Exhibit 112: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered 
    • Exhibit 113: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 114: Matrix on vendor position and classification
  • 11.3 Cengage Learning Inc. 
    • Exhibit 115: Cengage Learning Inc. - Overview
    • Exhibit 116: Cengage Learning Inc. - Product / Service
    • Exhibit 117: Cengage Learning Inc. - Key offerings
  • 11.4 Duolingo Inc. 
    • Exhibit 118: Duolingo Inc. - Overview
    • Exhibit 119: Duolingo Inc. - Product / Service
    • Exhibit 120: Duolingo Inc. - Key offerings
  • 11.5 EF Education First Ltd. 
    • Exhibit 121: EF Education First Ltd. - Overview
    • Exhibit 122: EF Education First Ltd. - Product / Service
    • Exhibit 123: EF Education First Ltd. - Key offerings
  • 11.6 Houghton Mifflin Harcourt Co. 
    • Exhibit 124: Houghton Mifflin Harcourt Co. - Overview
    • Exhibit 125: Houghton Mifflin Harcourt Co. - Business segments
    • Exhibit 126: Houghton Mifflin Harcourt Co. - Key offerings
    • Exhibit 127: Houghton Mifflin Harcourt Co. - Segment focus
  • 11.7 IXL Learning Inc. 
    • Exhibit 128: IXL Learning Inc. - Overview
    • Exhibit 129: IXL Learning Inc. - Product / Service
    • Exhibit 130: IXL Learning Inc. - Key offerings
  • 11.8 McGraw Hill Education Inc. 
    • Exhibit 131: McGraw Hill Education Inc. - Overview
    • Exhibit 132: McGraw Hill Education Inc. - Business segments
    • Exhibit 133: McGraw Hill Education Inc. - Key offerings
    • Exhibit 134: McGraw Hill Education Inc. - Segment focus
  • 11.9 New Oriental Education and Technology Group Inc.
    • Exhibit 135: New Oriental Education and Technology Group Inc. - Overview
    • Exhibit 136: New Oriental Education and Technology Group Inc. - Business segments
    • Exhibit 137: New Oriental Education and Technology Group Inc. - Key offerings
    • Exhibit 138: New Oriental Education and Technology Group Inc. - Segment focus
  • 11.10 Pearson Plc 
    • Exhibit 139: Pearson Plc - Overview
    • Exhibit 140: Pearson Plc - Business segments
    • Exhibit 141: Pearson Plc - Key offerings
    • Exhibit 142: Pearson Plc - Segment focus
  • 11.11 Sanako Oy 
    • Exhibit 143: Sanako Oy - Overview
    • Exhibit 144: Sanako Oy - Product / Service
    • Exhibit 145: Sanako Oy - Key offerings
  • 11.12 Voxy Inc. 
    • Exhibit 146: Voxy Inc. - Overview
    • Exhibit 147: Voxy Inc. - Product / Service
    • Exhibit 148: Voxy Inc. - Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 149: Inclusions checklist
    • Exhibit 150: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 151: Currency conversion rates for US$
  • 12.4 Research methodology 
    • Exhibit 152: Research methodology
    • Exhibit 153: Validation techniques employed for market sizing
    • Exhibit 154: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 155: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
Website: www.technavio.com/

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