Over the past five years, the Language Learning Software Developers industry has expanded, despite decelerating growth, given the proliferation of industry players and increased products and services. In the coming years, increasing incomes, immigration, government spending on education and globalization are projected to all be primary drivers of industry growth. However, the market will continue to fragment as declining barriers to entry and new software platforms allow for the entry of new players.
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.