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English Language Learning Industry Expected to Hit $81.1 Billion by 2031
Meticulous Research® has released a comprehensive report titled, "English Language Learning Market—Global Forecasts to 2031," detailing the trends and projections for the growing market. The global English language learning market is projected to grow at a CAGR of 11.1% from 2024, reaching $81.1 billion by 2031. This growth is fueled by the increasing necessity of English in global commerce, greater investments in English education, and affordable language learning technologies. On the downside, resistance to using English in specific countries may slow this growth.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5127
Rising educational expenditures and initiatives in transnational education (TNE) are expected to provide market opportunities. However, a significant obstacle remains—the shortage of skilled teachers. AI and e-learning innovations are also reshaping the industry.
The market is divided by methodology, learning mode, age group, and end user. In methodology, blended learning is expected to dominate in 2024, though online learning is expected to grow at a faster pace due to the demand for digital tools.
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Learning mode is divided into self-learning apps and tutoring. Tutoring is predicted to lead in 2024 due to its personalized nature, while self-learning apps will grow rapidly due to their accessibility.
In age group, the 13-17 years segment is expected to dominate, though the 18-20 age group is forecasted to grow the fastest.
Key Players:
The key players operating in the English language learning market are Cambridge University Press (U.K.), New Oriental Education & Technology Group Inc. (China), Houghton Mifflin Harcourt Company (U.S.), McGraw-Hill Education, Inc. (U.S.), Duolingo Inc. (U.S.), Berlitz Corporation (U.S.), Busuu Ltd (U.K.), Babbel GmbH (Germany), Linguistica 360, Inc. (U.S.), Mondly (Romania), ELSA Corp. (U.S.), FluentU (A part of Enux Education Limited) (China), Memrise Inc. (U.K.), Mango Languages (U.S.), Rosetta Stone Ltd. (A part of IXL Learning, Inc.) (U.S.), Inlingua International Ltd. (Switzerland), Sanako Corporation (Finland), Transparent Language, Inc. (U.S.), and Open Education LLC (U.S.).
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Key questions answered in the report-
- Which are the high-growth market segments based on methodology, learning mode, age group, and end user?
- What was the historical market for the English language learning market?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, challenges, trends, and opportunities in the English language learning market?
- Who are the major players, and what shares do they hold in the English language learning market?
- How is the competitive landscape in the English language learning market?
- What are the recent developments in the English language learning market?
- What strategies are adopted by the major players in the English language learning market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global English language learning market, and how do they compete with the other players?
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