Online Language Learning Market
Online Language Learning - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Online Language Learning Market is accounted for $8.17 billion in 2019 and is expected to reach $20.37 billion by 2027 growing at a CAGR of 12.1% during the forecast period. Globalization and the increasing need for communication across the borders are propelling the market growth. However, technological risks and duplicitous sources may hamper the growth of the market.
Online language learning is a term referred to as the process of learning a new language. The virtual world is playing an important role in most of the sectors, especially in language learning. Globalization and expansion into new geographies are increasing cultural diversity and communication patterns which demand language learning programs and courses.
Based on the mode, the consumer segment is likely to have a huge demand due to growing adoption of the online language learning apps, availability of short and long term pricing plans, and drop in internet data costs are some of the major factors supporting the growth of this segment.
By geography, the Asia Pacific is estimated to have a lucrative growth due to the factors such as substantial young population looking for better job opportunities, escalating penetration of smartphones, growing digitization of content, government initiatives for national online education networks, and shortage of teachers in rapidly developing countries.
Some of the key players profiled in the Online Language Learning Market include Voxy Inc., Duolingo Inc., EF Education First Ltd., Cengage Learning Inc., McGraw-Hill Education Inc., Sanako Corp., Pearson Plc, Rosetta Stone Inc., Houghton Mifflin Harcourt Co., New Oriental Education and Technology Group Inc., Eleutian Technology, Inlingua International, Wall Street English, iTutorGroup, and Babbel.
Modes Covered:
• Consumer
• Higher Education Department (HED)
• K12
• Non-profit
Components Covered:
• Course
• Solution
• Services
Language Types Covered:
• Arabic
• English
• French
• German
• Italian
• Japanese
• Korean
• Mandarin Chinese
• Spanish
• Hindi
• European Language
Types Covered:
• Self-paced
• Instructor-led
Pricing Models Covered:
• Freemium
• Subscription
Platforms Covered:
• App-based
• Web-based
Deployment Modes Covered:
• Hybrid
• Private
• Public
Applications Covered:
• Banking
• Consumer Goods
• Energy
• Entertainment
• Financial Services
• Healthcare
• Insurance
• IT and Telecom
• Manufacturing
• Media
• Retail
End Users Covered:
• Corporate
• Educational Institutes
• Individuals
• Government Institution
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Online Language Learning Market, By Mode
5.1 Introduction
5.2 Consumer
5.3 Higher Education Department (HED)
5.4 K12
5.5 Non-profit
6 Global Online Language Learning Market, By Component
6.1 Introduction
6.2 Course
6.3 Solution
6.3.1 Tutoring
6.3.2 Software as a service (SaaS)
6.4 Services
6.4.1 Support
6.4.2 Training
7 Global Online Language Learning Market, By Language Type
7.1 Introduction
7.2 Arabic
7.3 English
7.4 French
7.5 German
7.6 Italian
7.7 Japanese
7.8 Korean
7.9 Mandarin Chinese
7.10 Spanish
7.11 Hindi
7.12 European Language
8 Global Online Language Learning Market, By Type
8.1 Introduction
8.2 Self-paced
8.3 Instructor-led
9 Global Online Language Learning Market, By Pricing Model
9.1 Introduction
9.2 Freemium
9.3 Subscription
9.3.1 Annual
9.3.2 Monthly
10 Global Online Language Learning Market, By Platform
10.1 Introduction
10.2 App-based
10.3 Web-based
11 Global Online Language Learning Market, By Deployment Mode
11.1 Introduction
11.2 Hybrid
11.3 Private
11.4 Public
12 Global Online Language Learning Market, By Application
12.1 Introduction
12.2 Banking
12.3 Consumer Goods
12.4 Energy
12.5 Entertainment
12.6 Financial Services
12.7 Healthcare
12.8 Insurance
12.9 IT and Telecom
12.10 Manufacturing
12.11 Media
12.12 Retail
13 Global Online Language Learning Market, By End User
13.1 Introduction
13.2 Corporate
13.3 Educational Institutes
13.4 Individuals
13.5 Government Institution
14 Global Online Language Learning Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
16.1 Voxy Inc.
16.2 Duolingo Inc.
16.3 EF Education First Ltd.
16.4 Cengage Learning Inc.
16.5 McGraw-Hill Education Inc.
16.6 Sanako Corp.
16.7 Pearson Plc
16.8 Rosetta Stone Inc.
16.9 Houghton Mifflin Harcourt Co.
16.10 New Oriental Education and Technology Group Inc.
16.11 Eleutian Technology
16.12 Inlingua International
16.13 Wall Street English
16.14 iTutorGroup
16.15 Babbel
List of Tables
1 Global Online Language Learning Market Outlook, By Region (2018-2027) ($MN)
2 Global Online Language Learning Market Outlook, By Mode (2018-2027) ($MN)
3 Global Online Language Learning Market Outlook, By Consumer (2018-2027) ($MN)
4 Global Online Language Learning Market Outlook, By Higher Education Department (HED) (2018-2027) ($MN)
5 Global Online Language Learning Market Outlook, By K12 (2018-2027) ($MN)
6 Global Online Language Learning Market Outlook, By Non-profit (2018-2027) ($MN)
7 Global Online Language Learning Market Outlook, By Component (2018-2027) ($MN)
8 Global Online Language Learning Market Outlook, By Course (2018-2027) ($MN)
9 Global Online Language Learning Market Outlook, By Solution (2018-2027) ($MN)
10 Global Online Language Learning Market Outlook, By Tutoring (2018-2027) ($MN)
11 Global Online Language Learning Market Outlook, By Software as a service (SaaS) (2018-2027) ($MN)
12 Global Online Language Learning Market Outlook, By Services (2018-2027) ($MN)
13 Global Online Language Learning Market Outlook, By Support (2018-2027) ($MN)
14 Global Online Language Learning Market Outlook, By Training (2018-2027) ($MN)
15 Global Online Language Learning Market Outlook, By Language Type (2018-2027) ($MN)
16 Global Online Language Learning Market Outlook, By Arabic (2018-2027) ($MN)
17 Global Online Language Learning Market Outlook, By English (2018-2027) ($MN)
18 Global Online Language Learning Market Outlook, By French (2018-2027) ($MN)
19 Global Online Language Learning Market Outlook, By German (2018-2027) ($MN)
20 Global Online Language Learning Market Outlook, By Italian (2018-2027) ($MN)
21 Global Online Language Learning Market Outlook, By Japanese (2018-2027) ($MN)
22 Global Online Language Learning Market Outlook, By Korean (2018-2027) ($MN)
23 Global Online Language Learning Market Outlook, By Mandarin Chinese (2018-2027) ($MN)
24 Global Online Language Learning Market Outlook, By Spanish (2018-2027) ($MN)
25 Global Online Language Learning Market Outlook, By Hindi (2018-2027) ($MN)
26 Global Online Language Learning Market Outlook, By European Language (2018-2027) ($MN)
27 Global Online Language Learning Market Outlook, By Type (2018-2027) ($MN)
28 Global Online Language Learning Market Outlook, By Self-paced (2018-2027) ($MN)
29 Global Online Language Learning Market Outlook, By Instructor-led (2018-2027) ($MN)
30 Global Online Language Learning Market Outlook, By Pricing Model (2018-2027) ($MN)
31 Global Online Language Learning Market Outlook, By Freemium (2018-2027) ($MN)
32 Global Online Language Learning Market Outlook, By Subscription (2018-2027) ($MN)
33 Global Online Language Learning Market Outlook, By Annual (2018-2027) ($MN)
34 Global Online Language Learning Market Outlook, By Monthly (2018-2027) ($MN)
35 Global Online Language Learning Market Outlook, By Platform (2018-2027) ($MN)
36 Global Online Language Learning Market Outlook, By App-based (2018-2027) ($MN)
37 Global Online Language Learning Market Outlook, By Web-based (2018-2027) ($MN)
38 Global Online Language Learning Market Outlook, By Deployment Mode (2018-2027) ($MN)
39 Global Online Language Learning Market Outlook, By Hybrid (2018-2027) ($MN)
40 Global Online Language Learning Market Outlook, By Private (2018-2027) ($MN)
41 Global Online Language Learning Market Outlook, By Public (2018-2027) ($MN)
42 Global Online Language Learning Market Outlook, By Application (2018-2027) ($MN)
43 Global Online Language Learning Market Outlook, By Banking (2018-2027) ($MN)
44 Global Online Language Learning Market Outlook, By Consumer Goods (2018-2027) ($MN)
45 Global Online Language Learning Market Outlook, By Energy (2018-2027) ($MN)
46 Global Online Language Learning Market Outlook, By Entertainment (2018-2027) ($MN)
47 Global Online Language Learning Market Outlook, By Financial Services (2018-2027) ($MN)
48 Global Online Language Learning Market Outlook, By Healthcare (2018-2027) ($MN)
49 Global Online Language Learning Market Outlook, By Insurance (2018-2027) ($MN)
50 Global Online Language Learning Market Outlook, By IT and Telecom (2018-2027) ($MN)
51 Global Online Language Learning Market Outlook, By Manufacturing (2018-2027) ($MN)
52 Global Online Language Learning Market Outlook, By Media (2018-2027) ($MN)
53 Global Online Language Learning Market Outlook, By Retail (2018-2027) ($MN)
54 Global Online Language Learning Market Outlook, By End User (2018-2027) ($MN)
55 Global Online Language Learning Market Outlook, By Corporate (2018-2027) ($MN)
56 Global Online Language Learning Market Outlook, By Educational Institutes (2018-2027) ($MN)
57 Global Online Language Learning Market Outlook, By Individuals (2018-2027) ($MN)
58 Global Online Language Learning Market Outlook, By Government Institution (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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