What is the Compound Annual Growth Rate (CAGR) of the cloud based language learning market for next 8 years?

In cloud-based language learning, resources are stored in the cloud and can be accessed from mobiles and computers. A cloud-based language learning platform facilitates users to access information and allows data sharing and multi-user collaboration effectively. Growing demand for e-learning technology has increased the demand for cloud-based solutions. Cloud-based solutions offer an ideal environment for a virtual classroom to access information effectively and easily. The majority of cloud computing providers use C-Sharp and JAVA to make cloud servers. Hence, the global language market is expected to witness a significant shift during the forecast period, owing to emergence of cloud-as-a-service. As a result of this, many businesses have shifted to the cloud, offering cloud-based language learning to customers.

The global cloud based language learning market was valued for US$ 202.2 Mn in 2019 is expected to exhibit a CAGR of 13.7% during the forecast period.

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Constant advancements in cloud-based technologies are expected to drive growth of the global cloud based language learning market during the forecast period
According to the Telecom Regulatory Authority of India (TRAI), a consultation paper on cloud computing published in June 2016, cloud computing accounted for 33% of IT expenditure globally in 2015. Various organizations around the world are investing heavily in cloud infrastructure since it offers various benefits to academics. Moreover, it can be used as a personal workspace and enhances learning and teaching experiences. Cloud-based or Web 2.0 technologies are a vast array of free or nearly free, socially oriented, and web-based tools such as collaborative, generative, documentative, communicative, and interactive Web 2.0. Furthermore, Web 2.0 tools support collaboration and sharing information required for active and social learning. Hence, these factors are expected to drive the global cloud-based language learning market during the forecast period.

Increasing proliferation of cloud computing technology is expected to propel the global cloud based language learning market growth over the forecast period
In the recent past, the education sector has started gradually shifting towards digital transformation. It has emerged as one of the most dynamics industries to adopt advancements in telecommunication, technology, networking technologies, etc. Language learning is a key segment in the education industry and is rapidly shifting towards the cloud computing model and cloud-based learning solutions, which in turn, is expected to become an essential model of language learning in the near future. Thus, growing proliferation of cloud computing technology is expected to support the global market growth over the forecast period.

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