Global Language Learning Market - Analysis By Language Type (English, German, French, Chinese, Others), Learning Mode (Offline, Online), Learning Method, End Users, By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)
Executive Summary
The Global Language Learning market was valued at USD 40.22 Billion in 2021 and is expected to grow at a CAGR of 10.6% during the forecast period of 2023-2028. The language learning market is expanding as a result of globalisation, which has increased the demand for international communication, the rise of the e-learning industry, and the increasing use of artificial intelligence in e-learning.
Also, the significant market potential for leading participants is anticipated as a result of rising education investment, an increase in internet and smartphone usage, and multinational corporations' growing desire for hiring multilingual workers.
Additionally, the quick development of technology also made it possible for language learning applications to combine various media, including texts, images, animation, audio, and video, to provide multimedia educational materials and spur students' enthusiasm for learning. Asia Pacific is the fastest-growing region in the Global Language Learning Market. The government's increased emphasis on the education industry, high adoption of digital technology in educational facilities, and the region's high education spending are all factors attributing towards the fastest growth of this segment.
Furthermore, the region's quickly growing economies, numerous initiatives to boost education digitization, rising disposable income, and Internet penetration all contribute to the market of language learning rapid expansion.
Scope of the Report
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