English Language Learning Market to Reach $77.9 Billion by 2030

Redding California, February 19, 2024 - Meticulous Research®, a distinguished global market research company, proudly announces the release of its latest comprehensive research report, 'English Language Learning Market by Methodology (Blended Learning, Offline Learning, Online Learning), Learning Mode, Age Group, End User (Individual Learners, Educational Institutes, Government Bodies), and Geography-Global Forecast to 2030.' The report anticipates that the English language learning market will achieve a noteworthy valuation of $77.9 billion by 2030, exhibiting an impressive Compound Annual Growth Rate (CAGR) of 10.5% from 2023 to 2030.

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Market Dynamics and Overview
The English language learning market experiences robust growth attributed to the escalating importance of English in professional and business domains, augmented investments in language education startups and small enterprises, the cost-effectiveness of English learning apps, and the rising imperative for cross-border communication. Challenges include resistance to adopting English as the primary language in some regions, and a shortage of proficient English tutors. Nevertheless, increased government spending on the education sector and the surge in transnational education (TNE) present growth opportunities for market players.

Segmentation Highlights
1. Methodology:
The English language learning market segments into blended learning, offline learning, and online learning. In 2023, the blended learning segment is poised to dominate the market, driven by the demand for personalized learning, the adoption of advanced offline and online learning systems, the emphasis on effective learning methodologies, and the preference for flexible, self-paced learning.

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2. Learning Mode:
Categorized into self-learning apps and applications and tutoring, the market, in 2023, sees the tutoring segment claiming a substantial market share. This dominance is attributed to investments in e-learning tools, the need for cost-effective educational programs, and the growing demand for enhanced teaching experiences. However, the self-learning apps and applications segment is expected to register a higher CAGR during the forecast period.

3. Age Group:
Segmentation by age group comprises 40 years. In 2023, the 13-17 years segment is expected to lead the market share, driven by the digitization of public schools, an increased number of English learners, a rise in smartphone users, demand for kids' learning apps, and the preference for interactive learning experiences. The 18-20 years segment is projected to register the highest CAGR, supported by the growing need for language skills for international collaboration, enhanced employability, and business communication.

4. End User:
Market segmentation includes individual learners, educational institutes, government bodies, and corporate learners. The individual learners segment is poised to dominate in 2023, owing to increased smart device adoption, enhanced internet accessibility, proliferation of social media platforms, and the presence of well-established language learning sites. This segment is also expected to register the highest CAGR during the forecast period.

5. Geography:
Geographical segmentation covers North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is anticipated to hold the largest market share in 2023, driven by the digitalization of educational content, demand for language skills in cross-border collaborations, widespread availability of E-learning courses, popularity of English learning programs, expanding internet accessibility, government focus on education, and an emphasis on enhancing employability. The region is projected to have the highest CAGR during the forecast period.

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Strategic Insights and Key Players
The report provides strategic insights into high-growth market segments, historical market sizes, forecasts for 2023-2030, major drivers, opportunities, challenges, trends, and competitive landscapes. Key players in the English language learning market include Cambridge University Press & Assessment, New Oriental Education & Technology Group Inc., Houghton Mifflin Harcourt Publishing Company, McGraw-Hill Education, Inc., Duolingo, Inc., Berlitz Corporation, Busuu Limited, Babbel GmbH, ATI STUDIOS A.P.P.S. S.R.L (Mondly), ELSA Corp., FluentU, Memrise Limited, Mango Languages, Rosetta Stone LLC, inlingua International Ltd., Sanako Oy, Transparent Language, Inc., Open Education LLC, EF Education First, International House World Organisation Ltd, English Worldwide, SL (ABA English), and Udemy, Inc.

Mr. Khushal Bombe
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This release was published on openPR.