Language Learning Software Developers in the US - Industry Market Research Report

Language Learning Software Developers in the US - Industry Market Research Report

Language Learning Software Developers in the US

Long-term trends like globalization, immigration and internet connectivity have continued to usher in revenue growth for language learning software developers. As the US population becomes more diverse, use of language learning apps expands, especially with Spanish-focused courses. Consumers have continued to prefer on-demand, convenient options for self-improvement and learning, which has fueled revenue growth. Industry-wide revenue has climbed at a CAGR of 2.1% to $4.0 billion over the five years to 2023, when revenue will jump by an estimated 4.2%.

Operators in this industry develop software that teaches users a foreign language. Companies may provide software-based learning methods as an alternative to classroom instruction or as a supplement. Various software features include speech-recognition technology, online practice sessions with native speakers and language learning games.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.