Cost benefits associated with learning from an online platform will drive the online language learning market

Date: 15 April 2020

According to a research report published by Azoth Analytics in March, 2020, the Global Online Language Learning Market was valued at USD 11893.8 million during the year 2019. Global Online Language Learning market is expected to grow due to a number of factors that include changing growing need of the candidates to speak different languages to access various opportunities, growing economic diversification, increasing globalization, increasing demand of multilingual employees by the multinational companies.

Global Online Language Learning Market is primarily driven by growing urbanization, employment of women and demand for employees from different countries.  Online platforms help people to learn a language of their choice. They are loaded with interactive videos and audios making the learning process more fun and effective. 

Cost benefits associated with language learning from an online platform will drive the market in coming years. Online learning can be done regardless of time and location. The Asia Pacific region holds the largest market of Online Language Learning and is estimated that it will continue to dominate the market share in forecast period. However, it may lose its market share to Europe and American region which will also to grow with highest growth rate among the regions.

Videos and audio available online can be downloaded and watched multiple times to clarify the concept. In addition, online learning is convenient than offline, which can, in turn, propel market growth in coming years. Increasing use of smartphones and easy availability of internet can further impel market expansion. Moreover, increasing investment in research and development and increasing number of corporations globally, rising disposable income and accelerating economic growth are expected to drive the market. Companies having high investment opportunity with the new edge technologies for research and development of new interactive products will likely to gain market share in the forecast period.

The Azoth Analytics research report on GlobalOnline Language Learning Market has analysed and segmented the Online Language Learning market By Value (USD Million). The report has further analysed the market By Product Type (Courses, Solutions, Support) and By Languages (English, Mandarin, Spanish & Others). The global Online Language Learning market has been analysed by region (North America, Europe & APAC) and by country (U.S., U.K, Germany, China, India) for the historical period of 2015-2019 and the forecast period of 2020-2025.