Global Online Language Learning Market 2020-2024
Technavio has been monitoring the global online language learning market and it is poised to grow by USD 18.61 bn during 2020-2024, progressing at a CAGR of 18% during the forecast period. Our reports on global online language learning market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by cost benefits and flexibility of online language learning. In addition, artificial intelligence (ai) in language learning is anticipated to boost the growth of the global online language learning market as well.
Technavio’s global online language learning market is segmented as below:
Key Trends for global online language learning market growth
This study identifies artificial intelligence (ai) in language learning as the prime reasons driving the global online language learning market growth during the next few years.
Prominent vendors in global online language learning market
We provide a detailed analysis of around 25 vendors operating in the global online language learning market, including some of the vendors such as Cengage Learning Inc., Duolingo Inc., EF Education First Ltd., Houghton Mifflin Harcourt Co., McGraw-Hill Education Inc., New Oriental Education and Technology Group Inc., Pearson Plc, Rosetta Stone Inc., Sanako Corp. and Voxy Inc. .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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