English Language Training (ELT) Market Insights and Forecast 2024

"The Business Research Company recently released a comprehensive report on the Global English Language Training (ELT) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The English language training (ELT) market size has grown strongly in recent years. It will grow from $78.73 billion in 2023 to $83.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to globalization and international communication, education and career opportunities, the need for effective cross-cultural communication, the surge in popularity of online English language courses, and the rise in internet penetration.

The English language training (ELT) market size is expected to see strong growth in the next few years. It will grow to $107.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the growing significance of English, the rising number of students opting to study abroad, increasing globalization, the increasing use of digital platforms and tools, growing demand for a skilled workforce. Major trends in the forecast period include the adoption of technology-enhanced language learning methods, integration of artificial intelligence (AI) and machine learning, product innovation, and public and private investments in digital education infrastructure.

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Market Drivers and Trends:

The growing significance of English is expected to propel the growth of the English language training market going forward. English is a West Germanic language widely spoken and understood globally, primarily used as a first or second language in many countries. English speakers are growing due to globalization, increased access to education, and the dominance of English in international business and media. Effective communication in English requires not just knowledge of vocabulary and grammar, but also the ability to express oneself clearly and confidently. Language training helps learners develop these communication skills through speaking, listening, reading, and writing exercises. For instance, in November 2023, according to a survey of 2,000 people and an analysis of over 4.3 million online searches in the top 100 most populous countries by Preply, a US-based online tutoring platform, there was significant interest in learning English in 2022. In the UAE, an average of 34,800 searches were made for the term 'learn English' and a remarkable 1.1 million searches for 'translate to English'. Similarly, in Malaysia, there were 23 searches for 'learn English' per 10,000 of the population, along with 801 searches per 10,000 for 'translate to English'. Therefore, the growing significance of English is driving the growth of the English language training (ELT) market.

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Major Key Players of the Market:

EF Education First, Pearson Plc, Vipkid Co, McGraw-Hill Education, Houghton Mifflin Harcourt Publishing Co., New Oriental Education & Technology Group, Duolingo, Rosetta Stone Ltd., TEFL International, Preply Inc., GEDU Global Education, Meten, Novakid Inc., Eleutian Technology Inc., New Channel International Education Group Ltd., Voxy, iTutorGroup Inc., Aeon Media Group Ltd., Inlingua International Ltd., Clear English Coach, Wall Street English, China Online Education Group, Berlitz Corp., Fluency Corp, Signum International ltd.

English Language Training (ELT) Market 2024 Key Insights:

• The English language training (ELT) market size is expected to see strong growth in the next few years. It will grow to $107.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• The Impact Of English Language Growth On The English Language Training Market
• Innovative Gamified English Learning Products Transforming The ELT Market
• Asia-Pacific was the largest region in the English language learning market in 2023

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