Language Learning Software Developers
Over the past five years to 2018, the Language Learning Software Developers industry has expanded greatly. Long-term trends such as globalization, immigration and internet connectivity, caused revenue to climb. Rising per capita disposable income has also benefited the industry by providing consumers with the income they need to purchase industry products, which may be viewed by many consumers as discretionary items. The industry has undergone significant changes over the past five years. The proliferation of internet connectivity and mobile devices have expanded the number of platforms on which industry software can be operated. Over the five years to 2023, industry revenue is forecast to climb. Increasing incomes, immigration, government spending on education and globalization are projected to contribute to industry growth; however, the market will approach saturation, stifling some growth.
Operators in this industry develop software that teaches users a foreign language. Companies may provide software-based learning methods as an alternative to classroom instruction or as a supplement. Various software features include speech-recognition technology, online practice sessions with native speakers and language-learning games.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.