Global Online Language Learning Market Overview:
Online language learning is the process of learning languages through digital mediums such as software and mobile apps that have access to the Internet. The Global online language training market is expected to grow with a steady growth rate in the near future. The development in the field of education and high demand for industry-specific knowledge and skills are creating an opportunity for content development, catering for industry-specific needs related to language training. With the arrival of cloud-based services, there is an opportunity for creating an online module and cloud-based platform offering language learning to the user at the ease of fingertips.
- New technologies such as the Internet of Things, Cloud Computing, and Wearable Gadgets have Resulted in the Proliferation of Online Language Learning
- Companies Involved in the Hospitality and Retail Sectors are Heavily Reliant on a Strong Workforce Across Different Countries and Appreciates Multilingual Employees
- Cost Benefits of Online Language Learning
- Artificial Intelligence (AI) in Language Learning
- Globalization and Expansion into New Geographies are Increasing Cultural Diversity and Communication Patterns which Demand Language Learning Programs and Courses
- Growing Travel and Tourism Industry Along with Increasing Demands of Online Courses
Consumers are generally quick-change, to get or use new-fangled products, better experience, better convenience and quicker; to find and meet the needs of consumers, and exceeding expectations, better service. Although in the online language learning market the need and preference of consumers are persistent. The world changes significantly, especially in the language learning market, and now internet and cloud-based learning modules, applications are changing the traditional sectors, to more efficient and economical for users in addition to increased reach to users worldwide.
Some of the key players profiled in the report are Cengage Learning, Inc. (United States), EF Education First Ltd. (Switzerland), Houghton Mifflin Harcourt Co. (United States), McGraw-Hill Education, Inc. (United States), New Oriental Education and Technology Group Inc. (China), Pearson Plc (United Kingdom), Rosetta Stone, Inc. (United States), Sanako Corp. (Finland) and Voxy Inc. (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Online Language Learning market by 2025. Considering Market by End Users, the sub-segment i.e. Individual will boost the Online Language Learning market. Considering Market by Language , the sub-segment i.e. English will boost the Online Language Learning market.
According to a European Commission study, 45% of Europeans said they think they landed a better job in their own country due to their foreign language skills.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Language Learning market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Language Learning market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.