Global Online Language Training Market Overview:
Because of the globalization of the economy and the development of cost-effective technology-based products, the online language learning market is changing at a rapid rate. Globalization and the growing need for cross-border communication, the growing E-learning industry, the impact of COVID-19, and the penetration of artificial intelligence in e-learning are all driving this sector's growth. Furthermore, rising education spending, growing internet, and mobile phone user base, and multinational firms' preference for multilingual staff create growth prospects for players in the online language learning market.
- Globalization and the growing need for communication across borders
- Growing e-learning market
- Availability of open-source platforms
- Increasing spending on the education sector
- Rising preference for multilingual employees by the multinational companies
- Growing internet and mobile phone user base
The Online Language Training Providers' top companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The strong competition, shifting consumer purchasing habits, demographic trends, and regular modifications in customer preference all present strong market growth potential.
Some of the key players profiled in the report are Berlitz Corporation (United States), Rosetta Stone Inc. (United States), Memrise Inc. (United Kingdom), Inlingua International Ltd. (Switzerland), Sanako Corporation (Finland), Duolingo Inc. (United States), Babbel (Germany), Busuu Ltd (United Kingdom), iTutor Group (Taiwan), Open Education LLC (United States) and Linguistica 360, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Online Language Training market by 2026. Considering Market by Language, the sub-segment i.e. English will boost the Online Language Training market. Considering Market by Mode, the sub-segment i.e. Consumer will boost the Online Language Training market.
Latest Market Insights:
Rosetta Stone Inc. (U.S.) announced to offer free unlimited language tutoring for all consumer subscribers through June 30, 2020. With this live tutoring, the company commits to offer the users with tutoring sessions from native speakers who could help language learners to practice new language by listening and speaking in an interactive environment.
In March 2020, Sanako Corporation announced free subscription to Sanako Connect- a new remote language classroom solution for schools. Sanako Connect allows students and teachers to access sessions from anywhere using laptop, chromebook or tablet and also facilitates audio and text-based communication tools between teacher and students
What Can be Explored with the Online Language Training Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Language Training Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Language Training
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Language Training 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 Training 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 by targeting key target audience that includes Online Language Training Providers, Online Language Training Association, Online Language Training International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others.
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.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Online Language Training Market?
The Online Language Training market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Online Language Training Market?
Top performing companies in the Global Online Language Training market are Berlitz Corporation (United States), Rosetta Stone Inc. (United States), Memrise Inc. (United Kingdom), Inlingua International Ltd. (Switzerland), Sanako Corporation (Finland), Duolingo Inc. (United States), Babbel (Germany), Busuu Ltd (United Kingdom), iTutor Group (Taiwan), Open Education LLC (United States) and Linguistica 360, Inc. (United States), to name a few.
3. What trending factors would impact Online Language Training Market growth most?
"Penetration of artificial intelligence in e-learning" is seen as one of major influencing trends for Online Language Training Market during projected period 2020-2026.