Language Learning Apps Market to be Worth $26 Billion by 2030

Meticulous Research®-a leading global market research company, published a research report titled, 'Language Learning Apps Market by Offering, Learning Mode (One-on-one, Group), Age Group, Language, End User (Individual Learners, Educational Institutes, Government Bodies, Corporate Learners), and Geography - Global Forecast to 2030'.

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According to this latest publication from Meticulous Research®, the global Language Learning Apps Market is expected to grow at a CAGR of 21.2% from 2023-2030 to reach $26 billion by 2030. The growth of this market is driven by the growing e-learning market, globalization, the growing need for cross-border communication, and the minimal cost of language learning apps. However, a lack of comprehensiveness in a single platform may restrain the growth of this market.

The increasing spending on the education sector, rising internet and mobile phone user base, and growing preferences for multilingual employees by multinational companies are expected to create market growth opportunities. However, the need to ensure the quality and effectiveness of language learning materials and programs and limited access to high-speed internet or smart devices is a major challenge for the players operating in this market. Additionally, the integration of artificial intelligence (AI) & robot technology are major trends in the global language learning apps market.

The global language learning apps market is segmented based on offering, learning mode, age group, and end user. The study also evaluates industry competitors and analyses the market at the country level.

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Based on language, the language learning apps market is broadly segmented into English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and other languages. In 2023, the English language segment is expected to account for the largest share of the language learning apps market. The large market share of this segment is attributed to the growing number of English language learners worldwide, the increasing emphasis on learning English in schools and educational institutions, the growing priority for English in business & professional areas, rising investments in start-ups & small companies teaching English. However, the Mandarin language segment is projected to register the highest CAGR during the forecast period due to the high demand for the Mandarin language due to its economic and cultural significance and growing global demand for increasing business opportunities in China.

Based on end user, the language learning apps market is segmented into individual learners, educational institutes, government bodies, and corporate learners. In 2023, the individual learners segment is estimated to account for the largest share of the language learning apps market. The growth of this segment is driven by the rising adoption of smart devices coupled with faster internet penetration, the increasing need for transmission of live content on the internet for better brand engagement and student reach, the rising adoption of self-learning apps, the surging social media platforms, and the high number of free language learning apps. The segment is also projected to register the highest CAGR during the forecast period.

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Key Players:

The key players operating in the language learning apps market are Duolingo Inc. (U.S.), Memrise Inc. (U.K.), Busuu Ltd (U.K.), Berlitz Corporation (U.S.), Mango Languages (U.S.), Pimsleur (U.S.), Rosetta Stone, Inc. (U.S.), HelloTalk (China), Inlingua International Ltd. (France), Lesson Nine GmbH (Babble) (Germany), PlanB Labs OÜ (Drops) (Estonia), Transparent Language, Inc. (U.S.), Open Education LLC (U.S.), Linguistica 360, Inc. (U.S.), Mondly (Romania), FluentU (A part of Enux Education Limited) (U.S.), Lingvist Technologies OÜ (Estonia), Beelinguapp UG (Germany), ELSA Corp. (U.S.), FALOU APP (Brazil), Lang-8 Inc. (HiNative) (Japan), Tripod Technology GmbH (Tandem) (Germany), and Lingualift (U.K.).

Key questions answered in the report:

Which are the high-growth market segments based on offering, learning mode, age group, language, and end user?

What was the historical market for the language learning apps market?

What are the market forecasts and estimates for the period 2023-2030?

What are the major drivers, restraints, challenges, trends, and opportunities in the language learning apps market?

Who are the major players, and what shares do they hold in the language learning apps market?

How is the competitive landscape in the language learning apps market?

What are the recent developments in the language learning apps market?

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