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Digital Language Learning Market Report Overview
global digital language learning market size was USD 4935.16 million in 2021 and is projected to touch USD 40891.05 million by 2031, at a CAGR of 23.55% during the forecast period.
The introduction of cutting-edge technology makes it simple to access the center of knowledge throughout the world by offering virtual classes and a variety of educational materials. It is anticipated that the effective learning environment for students would be provided by the integration of disruptive technologies to deliver tailored and user-friendly online platform. The education industry is significantly impacted by digitalization since technology has been used to make learning processes simpler and more participatory for students. According to conventional wisdom, learning a language exclusively rests on the teaching prowess of the human people most suited for the job and the capabilities demonstrated by instructors to gauge the aptitude levels of their students.
Additionally, an increasing number of private and international businesses with branches in other nations place a premium on hiring staff who are linguistically adept to facilitate client interactions. For the purpose of improving their knowledge and abilities, businesses are required to offer their staff training, which includes courses in digital language learning. The governments of several nations are taking steps to give kids access to platforms for second language study.
COVID-19 Impact: Interruption to the Educational System to Hinder the Market
The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with digital language learning experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Global economic decline was triggered by the COVID-19 pandemic. To stop the spread of the sickness, a number of nations implemented social isolation and travel restrictions. These measures had an impact on most sectors of the economy, particularly the education and business sectors. In the first and second quarters of 2020, digital language learning market suffered significant losses. National lockdowns and the temporary shutdown of educational establishments were brought on by the fast spread of COVID-19 around the world.
As it affected students in more than 190 nations, the pandemic caused the most interruption to the educational system. Nearly all low- and lower-middle-income nations were affected by the closure of schools and other learning facilities, as well as the worldwide student population. As a result, the way that education is imparted has undergone a significant transformation, with the advent of E-learning and its particular model of online instruction.
LATEST TRENDS
"Initiating Number of Projects and Collaborations to Augment the Market"
To expand the market for digital language learning globally, many stakeholders initiated a number of projects. For instance, Byte Dance created the collaboration suite Lark in Singapore as an internal tool to handle its exponential growth. It offered teachers and students unlimited video conferencing time, auto-translation capabilities, real-time co-editing of the project work, and smart calendar scheduling, among other features. The Chinese government ordered a quarter of a billion full-time students to restart their studies through online platforms in mid-February 2020, and as a result, Tencent Classroom, an e-learning center that provides online courses in language acquisition, has been heavily used since then. The Tencent K-12 Online School in Wuhan saw a considerable increase in the number of students attending courses as a result, creating the greatest "online movement" in educational history.
Digital Language Learning Market Segmentation
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By Type
By type, market is segmented into English, Mandarin, Spanish, German and others. The English segment will dominate the market in the coming years.
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By Application
Based on applications, the market is classified into academic and non-academic. The academic segment will lead the global share through 2032.
DRIVING FACTORS
"Access From Many Locations and Flexible Learning Option to Boost the Market Demand"
The digital language learning market is expanding quickly and allowing people from many locations to remain connected and take different courses online. Some of the reasons supporting the market expansion are flexible learning, cheap cost, simple accessibility, increased investments in digital learning activities, and the high efficacy of animation learning. Additionally, in recent years, there has been a surge in consumer desire for new dynamic, engaging, and interactive learning tools that are both simple to use and more effective. It is simple to choose e-learning due to the surge in Internet users, expanding broadband availability, and mobile phones with online capabilities.
"Technology- Enabled Learning to Propel the Market Growth"
The worldwide digital language learning market is expanding as a result of technology-enabled learning, which assists people and businesses in training their workforce. These training modules provide individualized course content that satisfies the particular needs of the end users while providing ongoing and efficient learning at a reasonable cost. Additionally, the accessibility of a visually appealing interface in e-learning is boosting employee productivity compared to conventional learning techniques. Big data and cloud computing are examples of new Internet technologies that have improved information accessibility and flexible storage. The processing of educational information has become simpler and more accessible thanks to cloud-based technologies.
RESTRAINING FACTORS
"Data Security and Privacy Issues to Impede the Market "
The digital language learning market's growth is anticipated to be somewhat constrained by data security and privacy issues, and it is anticipated that the high implementation costs will be a significant barrier to this market's expansion.
Digital Language Learning Market Regional Insights
"Asia Pacific to Hold the Largest Global Digital Language Learning Market Share"
During the projection period, Asia-Pacific is anticipated to have the greatest CAGR. The government's increased emphasis on the education industry, the high adoption of digital technology in educational institutions, and the high investment on education in the area are all factors contributing to the rapid expansion of this region. The market for digital language learning in Asia-Pacific is expected to grow at a high rate due to factors such as fast evolving economies, different initiatives to assist education digitalization, and rising disposable income that encourages Internet use.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
LIST OF TOP DIGITAL LANGUAGE LEARNING COMPANIES
- Rosetta Stone, Inc. (U.S.)
- Fluenz (U.S.)
- Living Language (Penguin Random House, LLC (U.S.)
- Busuu, Ltd (Spain)
- Pearson PLC (UK.)
- Lingoda GmbH (Germany)
- Preply, Inc. (U.S.)
- Verbling, Inc. (U.S.)
- Yabla, Inc (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 4935.16 Million in 2021 |
Market Size Value By |
US$ 40891.05 Million by 2031 |
Growth Rate |
CAGR of 23.55% from 2021 to 2031 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
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By Application
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Frequently Asked Questions
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What value is the digital language learning market expected to touch by 2031?
Over the research period, digital language learning market will be reaching USD 40891.05 million in 2031.
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What CAGR is the digital language learning market expected to exhibit by 2031?
The digital language learning market is expected to exhibit a CAGR of 23.55% by 2031.
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Which are the driving factors of the digital language learning market?
Access from many locations and flexible learning option and technology- enabled learning are the driving factors of the digital language learning market.
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Which are the top companies operating in the digital language learning market?
Babbel, Preply, Yabla, Inc, Lingoda and Busuu, Ltd are the top companies operating the digital language learning market.