Global Corporate Online Language Learning Market Overview:
The global corporate online language learning market is expected to grow at a sluggish pace during the forecast period, according to the AMA study. The growing concern of organisations for the improvement of business communication skills of the employees, increasing adoption of corporate training services, and the increasing smartphone & internet penetration across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Growing Concerns of Organisations for Improvement of Business Communication Skills of the Employees
- Increasing Adoption from Corporate Training Providers
- Increasing Smartphone & Internet Penetration Across the World
- Increasing Implementation of Artificial Intelligence in Online Language Learning Platform
- Availability of Open Source Platforms
- Opportunities for Cloud-based Deployments Propelled by Growing Adoption of Cloud Solutions
- Short Term Challenges for Market Vendors Due to COVID-19 Pandemic as the Operations, Hiring of Employees, and Investments in Training of the Employees of Corporate Companies have been Stopped
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Pearson (United States), Rosetta Stone (United States), Lingoda (Berlin), Busuu Ltd (Spain), Berlitz Corporation (United States), Fluency Corp (United States), Blackboard (United States), Cactus Worldwide Ltd. (United Kingdom) and Fluenz Inc (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Corporate Online Language Learning market by 2025. Considering Market by Enterprise SIze, the sub-segment i.e. SMEs will boost the Corporate Online Language Learning market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Corporate Online Language Learning market. Considering Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Corporate Online Language Learning market. Considering Market by Deployment, the sub-segment i.e. On-Premise will boost the Corporate Online Language Learning market.
Stringent Worldwide Government Regulations Regarding Lockdown in Different Countries Leading to Shutting Down of Corporate Companies Operations which is Expected to Reduce the Demand for Corporate Online Language Learning Solutions
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 Corporate 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 Corporate 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.