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English Language Learning Market to be Worth $77.9 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘English Language Learning Market by Methodology (Blended Learning, Offline Learning, Online Learning), Learning Mode, Age Group, End User (Individual Learners, Educational Institutes, Government Bodies), and Geography - Global Forecast to 2030.’Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5127?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=22-01-2024
According to this latest publication from Meticulous Research®, the English language learning market is projected to reach $77.9 billion by 2030, at a CAGR of 10.5% from 2023-2030. The growth of the English language learning market is driven by the rising importance of English in business and professional areas, increasing investments in start-ups and small companies providing language education, the high affordability of English language learning apps, and the growing need for cross-border communication. However, the reluctance to accept English as the primary language in some countries restrains the growth of this market.
Furthermore, increasing government spending on the education sector and the growth in transnational education (TNE) are expected to generate growth opportunities for the players operating in this market. However, the shortage of trained English tutors is a major challenge impacting the growth of the English language learning market.
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The English language learning market is segmented by methodology (blended learning, offline learning, online learning), learning mode (self-learning apps and applications, tutoring), age group (<13 years, 13–17 years, 18-20 years, 21-30 years, 31-40 years, > 40 years), end user (individual learners, educational institutes, government bodies, and corporate learners). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on methodology, the English language learning market is segmented into blended learning, offline learning, and online learning. In 2023, the blended learning segment is expected to account for the largest share of the English language learning market. The large market share of this segment is attributed to the increasing demand for personalized learning, the rising adoption of advanced offline and online learning systems among students and working professionals, the increasing importance of effective learning methodologies, and students’ preference for the flexibility to learn at their own pace.
However, the online learning segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing mobile phone user base, increasing digitalization in the education sector, the increasing investments in E-learning programs, and the emergence of new online learning platforms.
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Based on learning mode, the global English language learning market is segmented into self-learning apps and applications and tutoring. In 2023, the tutoring segment is expected to account for the larger share of the global English language learning market. The large market share of this segment is attributed to the growing investments in e-learning tools and technologies to enhance the teaching experience, the increasing need for education, and the demand for cost-effective programs to address the knowledge gap in students.
However, the self-learning apps and applications segment is projected to register a higher CAGR during the forecast period. The growth of this segment is driven by the increasing consumer acceptance of low-cost technology-based products, increasing digitalization of content, and the growing e-learning market.
Based on age group, the global English language learning market is segmented into <13 years, 13-17 years, 18-20 years, 21- 30 years, 31-40 years, and >40 years. In 2023, the 13-17 years segment is expected to account for the largest share of the global English language learning market. The large market share of this segment is attributed to the increasing digitization of public schools, the rising number of English learners, the significant increase in smartphone users, the increasing demand for kids' learning apps, the rising preference for interactive and engaging learning experiences, and increasing need for immersive and practical language practice.
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Based on end user, the global English language learning market is segmented into individual learners, educational institutes, government bodies, and corporate learners. In 2023, the individual learners segment is expected to account for the largest share of the global English language learning market. The large market share of this segment is attributed to the rising adoption of smart devices, increasing internet accessibility, proliferation of social media platforms, and the presence of numerous well-established language learning sites. Moreover, this segment is projected to register the highest CAGR during the forecast period.
Based on geography, the English language learning market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global English language learning market. Asia-Pacific’s major market share can be attributed to several factors, including the rising trend of digitalizing educational content, growing demand for language skills for cross-border work and collaboration, the widespread availability of E-learning courses, increasing popularity of English learning programs, expanding Internet accessibility, heightened government focus on education through various initiatives, and a growing emphasis on enhancing employability and job prospects. Moreover, this region is projected to register the highest CAGR during the forecast period.
The key players operating in the English language learning market are Cambridge University Press & Assessment (U.K.), New Oriental Education & Technology Group Inc. (China), Houghton Mifflin Harcourt Publishing Company (U.S.) (A Subsidiary of Veritas Capital Fund Management, L.L.C.), McGraw-Hill Education, Inc. (U.S.) (A Subsidiary of Platinum Equity, LLC), Duolingo, Inc. (U.S.), Berlitz Corporation (U.S.) (A Subsidiary of Benesse Holdings, Inc.), Busuu Limited (Spain) (A Subsidiary of Chegg, Inc.), Babbel GmbH (Germany), ATI STUDIOS A.P.P.S. S.R.L (Mondly) (Romania), ELSA Corp. (U.S.), FluentU (China) (A PART OF Enux Education Limited), Memrise Limited (U.K.), Mango Languages (U.S.), Rosetta Stone LLC (U.S.), inlingua International Ltd. (Switzerland), Sanako Oy (Finland), Transparent Language, etc.
TOP 10 COMPANIES IN ENGLISH LANGUAGE LEARNING MARKET >> https://meticulousblog.org/top-10-companies-in-english-language-learning-market/?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=22-01-2024
Related Report:
South East Asia English Language Learning Market by Methodology (Blended Learning, Online Learning), Learning Mode, Age Group, End User (Individual Learners, Educational Institutes, Corporate Learners), and Country - Forecast to 2030 >> https://www.meticulousresearch.com/product/south-east-asia-english-language-learning-market-5677?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=22-01-2024
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