Online Language Learning System Market Size, Growth, Share, and Industry Analysis, By Type (Enterprise Level, School Level, and Personal Level), By Application (Mobile Phone, Computer, and Tablets), Regional Forecast To 2031

Updated On: 08 April 2024

Online Language Learning System Market REPORT OVERVIEW

• 

• Request a Free sample to learn more about this report

The global online language learning system market size was USD 13780 million in 2022, is expected to touch USD 59873 million by 2031, at a CAGR of 17.7% during the forecast period.

The global COVID-19 pandemic was unprecedented & staggering, with online language learning systems experiencing higher-than-anticipated demand across all regions compared to pre-pandemic times. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels post the pandemic. During the period mentioned above, the market is expected to see a rapid increase in the supply, production, and need for online language learning systems.

Online language learning and knowledge is a student-centered program that allows customization and modularization of knowledge and ensures maximum flexibility, imbibing the qualities of active learning in the teaching and learning process. Geographic expansion, liberalization, and globalization are expanding cultural diversity and communication mediums, thus necessitating the development of linguistic courses and programs worldwide, leading to the rise of online language learning systems.

The expansion of tourist visits and the rising demand for online courses will drive the worldwide online language learning market. The market's catalysts are information access, focus on virtual reality, and the incorporation of advanced technology. Furthermore, improved educational provisions, rising technological developments, and multilingual preference by corporations for international employees are immense opportunities for the online language learning system market.

COVID-19 Impact: Closure of Businesses Propelled Market Growth and Share

E-learning, involving remote teaching via digital networks, boosted market growth as the epidemic forced the closure of all educational institutions. Most business ventures were shut down during the pandemic, and most overseas travels was banned to ensure international employees' safety. As a result, professionals were interested in learning new languages and improving their competitiveness in global marketplaces. Therefore, the pandemic fueled the language learning market growth during the last two years and will continue to see a growing user base in developing regions.

LATEST TRENDS

"Rising E-learning Opportunities to Boost Market Growth and Share"

The online language learning market is increasing rapidly with opportunities, enabling individuals from different geographies to learn various online courses. Low and affordable costs, improved accessibility, and investments in digital learning apps are some factors favoring market growth. The rise in internet users and access to broadband services with mobile phones and online capabilities will make it easy to opt for online learning systems during the forecasted period.

Online Language Learning System Market SEGMENTATION

• 

• Request a Free sample to learn more about this report

• By Type

The market is subcategorized into types and consists of enterprise level, school level, and personal level.

• By Application

The market is subcategorized based on applications into mobile phones, computers, and tablets.

DRIVING FACTORS

"Technological Advancements to Drive Market Growth and Demand"

Advanced technology learning will help individuals and organizations to train their workforce during the period, a significant factor driving the online language learning system market growth worldwide. The training modules offer effective learning at low costs, providing customized courses that meet the requirements of consumers. Advanced internet technologies, such as artificial intelligence and cloud computing, have resulted in flexible storage and easy platform access. Cloud-based processes and systems have made the procedure of learning the syllabus faster, thus boosting accessibility.

"Rising Demand for Distance Learning and Inclusion in Universities to Fuel Growth"

The rising demand for online learning platforms due to the prevalence of distance learning and the inclusion of foreign languages in university curriculums are the significant factors driving the learning system market's growth. If pursued through universities and certified institutes, distance learning offers better interaction opportunities with native speakers, thus improving the learning process. Therefore, with technological advancements in education and teaching, the interest in online learning systems is growing worldwide.

RESTRAINING FACTORS

"Lack of Internet in Developing Countries to Impeded Market Growth"

With the lack of internet and broadband services in developing countries such as Africa and Asia, the market will see a slump in its growth. Lack of initiatives, unawareness about knowledge of operating systems, technological inferiority, and high costs and inflation in these areas are the major factors impeding market growth and share of e-learning platforms. The low disposable income of consumers is also a restraining factor, leading to the market's downward trajectory in the region.

Online Language Learning System Market REGIONAL INSIGHTS

• 

• Request a Free sample to learn more about this report

"Asia Pacific to Lead Market Share due to First-Generation Learners"

The Asia Pacific region is a potential market for online language learning systems as the area will lead the online language learning system market share. The reasons for this are the growing presence of the internet in developing countries, rising demand to learn the language by first-generation learners from the international community, and the advantages of additional skills gained from learning an international language. Thus, the market is set to boom exponentially in countries such as India as students seek to upskill themselves in the region.

KEY INDUSTRIAL PLAYERS

"First-Generation Learners in Asia to Boost Market Demand for Players"

The report analyzes leading market players in the industry, and the information is published after research, analysis of trends, key industry developments, initiatives, and technological developments and innovations. The report also includes research on companies, technical and environmental outcomes, and newly emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the online language system market. Therefore, the factors specified in the report are subject to manipulation as the dynamics and situation of the market change.

List of Market Players Profiled

• Duolingo (U.S.)
• Babbel (U.S.)
• Rosetta Stone (U.S.)
• Memrise (U.K.)
• NEW Oriental (China)
• Netdragon (China)
• Busuu (Britain)
• LinguaLeo (Russia)
• Wall Street English (Spain)
• Open English (U.S.)
• Italki (China)
• Voxy (U.S.)

INDUSTRY DEVELOPMENT

April 2020: Rosetta Stone Inc. announced that all its subscribers would receive unlimited and free language tutoring, significantly boosting the company's market share. The company is committed to provide users with live tutoring from native regional speakers who assist language learners in learning a new language by speaking and listening in interactive sessions. This development positively affected the company's profits and revenues, thereby increasing its ranking worldwide in the global competitor's index.

REPORT COVERAGE

The report examines elements that will affect the demand & supply and estimate dynamic forces for the forecasted period. After evaluating the market factors, the report provides an extensive, comprehensive SWOT analysis. The information estimates the factors mentioned, taken into consideration after thorough research. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers and acquisitions, and an analysis of the risks of the dental endodontics industry. The report lists the leading industrial players worldwide and the regions that will experience growth during the forecast period.