Technavio has been monitoring the online language learning market and it is poised to grow by USD 21.57 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Online Language Learning Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- What are the major trends in the market?
- Artificial Intelligence (AI) in language learning is one of the major trends in the market.
- Who are the top players in the market?
- Cengage Learning Inc., Duolingo Inc., EF Education First Ltd., Houghton Mifflin Harcourt Co., McGraw-Hill Education Inc., New Oriental Education and Technology Group Inc., Pearson Plc, Rosetta Stone Inc., Sanako Corp., and Voxy Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Increasing enrollment of foreign students is one of the major factors driving the market. However, the threat from open sources restraints the market growth.
- How big is the APAC market?
- The APAC region will contribute 45% of market growth.
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View market snapshot before purchasing
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Cengage Learning Inc., Duolingo Inc., EF Education First Ltd., Houghton Mifflin Harcourt Co., McGraw-Hill Education Inc., New Oriental Education and Technology Group Inc., Pearson Plc, Rosetta Stone Inc., Sanako Corp., and Voxy Inc. are some of the major market participants. The increasing enrollment of foreign students will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Online Language Learning Market 2020-2024: Segmentation
Online Languages Learning Market is segmented as below:
- Language
- English
- Mandarin
- Spanish
- Others
- Geography
- APAC
- Europe
- North America
- South America
- MEA
- Product
- Courses
- Solutions
- Apps
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Online Language Learning Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online languages learning market report covers the following areas:
- Online Language Learning Market Size
- Online Language Learning Market Trends
- Online Language Learning Market Analysis
This study identifies artificial Intelligence (AI) in language learning as one of the prime reasons driving the online language learning market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Online Language Learning Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist online languages learning market growth during the next five years
- Estimation of the online languages learning market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the online languages learning market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online languages learning market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Courses Market size and forecast 2019-2024
- Solutions Market size and forecast 2019-2024
- Apps Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Language
- Market segments
- Comparison by Language
- English Market size and forecast 2019-2024
- Mandarin Market size and forecast 2019-2024
- Spanish Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Language
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver Supply led growth
- Volume driver Demand led growth
- Volume driver Demand shift in adjacent markets
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Cengage Learning Inc.
- Duolingo Inc.
- EF Education First Ltd.
- Houghton Mifflin Harcourt Co.
- McGraw-Hill Education Inc.
- New Oriental Education and Technology Group Inc.
- Pearson Plc
- Rosetta Stone Inc.
- Sanako Corp.
- Voxy Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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