Global Online language learning Market Segments: by Mode (Non-profit, Higher Education Department (HED), Government, Consumer, K-12, and Corporate); by Product Type (Software as a Service, Applications, and Tutoring) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Language learning market is the term applied to the modern language learning process. Virtual worlds, particularly in language learning, play a significant role in most domains. Globalization and the development of fresh geographies increase cultural diversity and communication habits that include programs and courses in language learning. Companies that are involved in hospitality and retail are highly dependent and value multilingual workers in different nations. These entities hire local staff to their global offices or educate current staff through language learning programs to meet the requirement.
Market Highlights
Global Online language learning market is expected to project a notable CAGR of 11.90% in 2030.
Global Online language learning Market to surpass USD 29.6 billion by 2030 from USD XXXX million in 2020 at a CAGR of 11.90 % in the coming years, i.e., 2021-30. Simple access to information, convergence with virtual reality, a strong approach, and the integration of latest technology are key drivers of the size of the online market for language learning. In addition, increased education, rising internet, and mobile users, and multi-lingual choice by multinational companies give people working on the overall online language learning market enormous growth opportunities. The main drivers of the online language learning market are globalization and the increasing need for cross-border communication.
Global Online language learning Market: Segments
SaaS segment to grow with the highest CAGR during 2020-30
Global Online language learning market is segmented by Product Type into Software as a service, Applications, and Tutoring. It is anticipated that software as a service sector will account for the largest part of the overall online language learning market in during the predicted timeline. Reduced investment, rapid deployment, and acceptance in most organizations of SaaS-based management solutions are among the main drivers of the sector's growth.
Consumer segment to grow with the highest CAGR during 2020-30
Global Online language learning market is divided by Mode into Non-profit, Higher education department (HED), Government, Consumer, K-12, and Corporate. Based on mode, by 2030, the consumer category will account for the largest proportion of the global online learning industry. The growing use of online language learning apps, the proliferation of short and long-term price schemes, and the decline in Internet costs are some of the major contributing factors to this segment's growth.
Global Online language learning Market Dynamics
Drivers
Rise in Tourism
The growing range of developments in tourism as well as the surging demand for online courses serves as a possible catalyst on the global online market for language learning.
Increased investment on education
Education is seen in the majority of countries not only as a human right but also as the responsibility to guarantee access to basic training for residents and governments. The national governments also declare an immediate increase in investment in education to support the crisis in global education.
Simpler access to information
Simple access to information, convergence with virtual reality, a strong approach, and the integration of latest technology are key drivers of the size of the online market for language learning. In addition, increased education, rising internet, and mobile users, and multi-lingual choice by multinational companies give people working on the overall online language learning market enormous growth opportunities
Restraint
Lack of awareness regarding online language learning existence
Many businesses are there which are not aware of the basics of the online language learning which is estimated to hinder the growth of the online language learning market. In addition, access to internet has not penetrated to all parts of the world thus hindering the market growth.
Global Online language learning Market: Key Players
Berlitz Corporation (U.S.)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Inlingua International Ltd. (Switzerland)
Open Education LLC (U.S.)
Babbel (Germany)
Rosetta Stone Inc. (U.S.)
Linguistica 360, Inc. (U.S.).
Duolingo Inc. (U.S.)
Sanako Corporation (Finland)
iTutor Group (Taiwan)
Memrise Inc. (U.K.)
Other Prominent Players
Global Online language learning Market: Regions
Global Online language learning market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Online language learning in Asia Pacific held the largest market share of XX.X% in the year 2020. The Area of Asia Pacific, followed by Europe, the Middle East & Africa, and Latin America is expected to have the highest portion of the overall online language learning industry by 2030. Asia-Pacific is also the fastest-growing area due to factors such as increased enrollment in online high schools, the proliferation of multinationals, largely young people searching for better jobs, increased mobile penetration, increased content digitization, government interventions in national online education networks, and a lack of teachers.
Global Online language learning market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Online language learning Market report also contains analysis on:
Online language learning Segments:
By Mode
Non-profit
Higher education department (HED)
Government
Consumer
K-12
Corporate
By Product Type
Software as a service
Applications
Tutoring
Online language learning Dynamics
Online language learning Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global Online language learning Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Online language learning Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Online language learning Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Online language learning Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Mode: Market Share (2020-2030);
1. Non-profit, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Higher education department (HED), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Government, Consumer, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. K-12, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Corporate, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. ByProduct Type: Market Share (2020-2030F)
1. Software as a service, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Applications, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Tutoring Palm Oil, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Berlitz Corporation (U.S.)
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Inlingua International Ltd. (Switzerland)
3. Open Education LLC (U.S.)
4. Babbel (Germany)
5. Rosetta Stone Inc. (U.S.)
6. Linguistica 360, Inc. (U.S.).
7. Duolingo Inc. (U.S.)
8. Sanako Corporation (Finland)
9. iTutor Group (Taiwan)
10. Memrise Inc. (U.K.)
11. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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