language learning market 2

Language learning Market Size, Share, Forecast, & Trends Analysis

Language learning Market to be Worth $124.6 Billion by 2031 According to the latest report by Meticulous Research , the global language learning market is forecasted to reach $124.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031. This market expansion is primarily driven by the forces of globalization, the increasing necessity for cross-border communication, the affordability of language learning platforms, and the rising integration of artificial intelligence (AI) in E-learning platforms. However, resistance to adopting English as the primary language of communication in some regions may pose a challenge to this growth. Download free sample report here: https://www.meticulousresearch.com/download- sample- report/cp_id=5561?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_c ontent=09-09-2024 Moreover, the rising demand for multilingual employees by multinational corporations and the growing investments in language education start-ups and small enterprises are anticipated to create significant growth opportunities in the language learning market. However, the shortage of qualified language instructors could hinder market expansion. Noteworthy trends in this sector include the rise of transnational education (TNE), flexible pricing models, and the use of social robots to enhance language learning. The market is segmented by age group (<18 years, 18-20 years, 21-30 years, 31-40 years, and >40 years); language (English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and others); end user (B2B and B2C, with further sub-segmentation into Live [Offline Group Learning and 1:1 Tutoring] and Online [Group Learning and 1:1 Tutoring], and Web & Mobile Apps); and geography. The study also includes a competitive analysis and market evaluation at regional and country levels. In 2024, the <18 years age group is expected to dominate the market, capturing over 43.0% of the global language learning market share. This is attributed to the growing preference for interactive and engaging learning experiences, increasing demand for language skills for international collaboration, expanding higher education opportunities, and the need for immersive, practical language practice. Learning new languages enhances cognitive abilities, such as verbal and spatial reasoning, memory retention, problem- solving skills, and creative expression. English language programs designed for the <18 age group are particularly innovative, interactive, and enjoyable, focusing on foundational language skills that are continually developed and refined. Page 1 of 4 Meticulous Research| sales@meticulousresearch.com

Language learning Market to be Worth $124.6 Billion by 2031 The 18-20 years age group is expected to witness the highest growth rate over the forecast period, driven by the need to improve employability and competitiveness in the job market, a deeper engagement with diverse cultures, history, and arts, and the desire for study abroad experiences. This group includes high school students who are highly motivated to achieve academic excellence and cognitive development. Their enthusiasm for learning various languages and cultures is reflected in their active participation in online language courses, which serve as gateways to effective communication of their ideas, feelings, and experiences. Browse in depth: https://www.meticulousresearch.com/product/language-learning- market- 5561?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=09- 09-2024 In terms of language, the English segment is projected to hold the largest market share, exceeding 67.0% in 2024. This dominance is driven by the growing demand for English language programs, increasing globalization and urbanization, the rising number of English learners worldwide, the popularity of English proficiency tests, and the emphasis on English in educational institutions. English language learning is becoming increasingly important due to globalization, the need for better education and employment opportunities, and the widespread use of information and communications technology (ICT) tools that offer digital learning content. These digital tools, such as mobile apps, eBooks, games, videos, audio clips, software, and online tutoring platforms, provide interactive learning experiences with real-time feedback, enhancing the overall learning process. Conversely, the Mandarin segment is expected to grow at the highest CAGR over the forecast period. Mandarin, a group of Sinitic languages and dialects, is spoken by the majority in northern and southwestern China and holds official status in China, Taiwan, and Singapore. It is the most spoken language globally, with over 1.1 billion speakers. The importance of Mandarin is increasing globally due to changing trade dynamics and its strategic significance in international relations, making it a priority language for various diplomatic activities. Based on end users, the B2B segment is expected to account for the largest share of the language learning market, exceeding 56.0% in 2024. The B2B language learning model involves selling language learning products and services to businesses to help them overcome language barriers and improve communication with international clients and partners. This model focuses on enhancing communication, collaboration, and professional development within various industries. Page 2 of 4 Meticulous Research| sales@meticulousresearch.com

Language learning Market to be Worth $124.6 Billion by 2031 However, the B2C segment is projected to grow at the highest CAGR during the forecast period. The B2C language learning market has undergone significant expansion, primarily driven by the proliferation of web and mobile applications. This segment caters to the unique needs of businesses operating in diverse linguistic environments, offering language education and training services tailored for individuals, corporations, and organizations. Top 10 blog: https://meticulousblog.org/top-10-companies-in-language-learning- market/?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=09 -09-2024 Geographically, Asia-Pacific is expected to dominate the language learning market, capturing over 49.2% of the market share in 2024. The region's growth is fueled by the influx of multinational companies, government initiatives to strengthen education networks, rapid economic development, and rising disposable incomes leading to increased internet penetration. Asia-Pacific offers significant growth opportunities, with market players in the region adopting various strategies to expand their product portfolios, enhance existing products, meet changing user demands, and maintain a competitive edge. For example, in 2022, Hallo Inc. (U.S.) launched an app in India to help users learn English from native teachers and practice speaking with other students worldwide. Additionally, Asia-Pacific is expected to register the highest CAGR of 11.9% during the forecast period. 1 Key Players The major players in the language learning market include 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 Online S.L. (Spain), Babbel GmbH (Germany), Linguistica 360, Inc. (U.S.), Mondly (Romania), ELSA Corp. (U.S.), FluentU (China), Memrise Inc. (U.K.), Mango Languages (U.S.), Rosetta Stone Ltd. (U.S.), Inlingua International Ltd. (Switzerland), Sanako Corporation (Finland), Transparent Language, Inc. (U.S.), and Open Education LLC (U.S.). Quick buy: https://www.meticulousresearch.com/Checkout/65426675?utm_source=pr&utm_medium= social&utm_campaign=product&utm_content=09-09-2024 Page 3 of 4 Meticulous Research| sales@meticulousresearch.com

Language learning Market to be Worth $124.6 Billion by 2031 Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 4 of 4 Meticulous Research| sales@meticulousresearch.com