Press release
Language Learning Market Projected to Reach $124.6 Billion by 2031
Meticulous Research® recently published a report titled, "Language Learning Market by Age Group (40 years), Language (English, Mandarin, Spanish, French, German, Italian, Japanese), End User (B2C, B2B), and Geography - Global Forecast to 2031."Download sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5561
According to the report, the language learning market is anticipated to reach $124.6 billion by 2031, growing at a CAGR of 10.7% from 2024 to 2031. Key factors fueling this growth include increased globalization, the rising need for cross-border communication, affordable language-learning apps, and the expanding use of AI in E-learning. Despite these drivers, resistance to English as a primary communication language in some regions may limit growth.
Moreover, the growing demand for multilingual employees among multinational corporations and increased investment in language-teaching startups present significant growth opportunities. However, a shortage of trained language instructors poses a challenge. Emerging trends in this market include transnational education (TNE), flexible pricing models, and the integration of social robots in language learning.
Browse in depth: https://www.meticulousresearch.com/product/language-learning-market-5561
By Geography: The Asia-Pacific region is projected to hold the largest market share in 2024 (above 49%), with growth driven by foreign investment, government educational initiatives, and rising disposable incomes that promote Internet accessibility. Asia-Pacific is also forecasted to achieve the highest CAGR of 11.9% over the forecast period.
Key Players
The language learning market is led by major companies such as Cambridge University Press (U.K.), New Oriental Education & Technology Group Inc. (China), Houghton Mifflin Harcourt Company (U.S.), McGraw-Hill Education, Inc. (U.S.), Duolingo Inc. (U.S.), Berlitz Corporation (U.S.), Busuu Online S.L. (Spain), Babbel GmbH (Germany), Mondly (Romania), ELSAA Corp. (U.S.), FluentU (China), and Memrise Inc. (U.K.).
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This study assesses competitors and analyzes market trends at regional and national levels, providing valuable insights for investors and stakeholders in the language learning industry.
* Research:
1. Cloud Managed Services Market: https://www.meticulousresearch.com/download-sample-report/cp_id=5485
2. Europe Digital Transformation Market : https://www.meticulousresearch.com/download-sample-report/cp_id=5697
3. Digital Transformation Market: https://www.meticulousresearch.com/download-sample-report/cp_id=4980
4. Asia-Pacific Digital Transformation Market : https://www.meticulousresearch.com/download-sample-report/cp_id=5699
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