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Online Language Learning Market - Embedded Analytical Features to Boost Growth| TechnavioThe global online language learning market is expected to grow at a CAGR of close to 19% during the period 2017-2021, according to a new market research study by Technavio. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180102005308/en/ 
Technavio has published a new market research report on the global online language learning market 2017-2021 under their education library. (Graphic: Business Wire) The report categorizes the global online language learning market by language (English, Mandarin, Spanish, and Arabic) and by product (courses, support, and apps). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA. Avail Technavio's Year-End Special offer: Get 50% off on this report and all other reports covering industries like ICT; energy; food and beverage; healthcare and life sciences; automotive; industrial automation; education; and many more. Offer valid only from Dec 18 - Jan 7. Market driver: online language learning courses are low-priced than offline alternatives Previously, language schools, tutors, and regular language classes at schools were the most effective ways of language learning. However, with advances in technology, online courses are designed to connect students with teachers or other language learners. Online language learning facilitates virtual classroom setup and an asynchronous mode of learning through blended methods when digital content is used to learn a course. According to Jhansi Mary, a lead analyst at Technavio for education technology research, "Online language learning courses can be targeted and sold for specific segments such as test preparation and corporate training, and cross-cultural training. Besides, online learing does not restrict learners to a specific geography. As a result, with online language learning, vendors can develop numerous types of products and services catering to a specific group of learners at marginal additional costs. This inevitably provides them a high pricing leverage against traditional learning methods." Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Market trend: embedded analytical features During the early stages of online language learning market, many vendors focused on entering this market by converting traditional learning content into digital format. As the next stage of development, vendors began to embed analytics into language learning solutions, to ensure that learners have access to appropriate content and to provide individualized learning. For instance, the language learning app offered by Transparent Language provides synchronized learning features, providing insights on the learners' progress, while storing data consumed by them. The students can measure their performance by self-evaluation on parameters of reading, listening, grammar, writing, and listening skills. Thus, analytics will play a crucial role in popularizing online language training among end-users. Market challenge: high cost of implementation Online language learning courses are used by educational institutions and language learning centers that need a collaborative learning environment. Whereas larger institutes can afford to invest in e-learning and m-learning programs and training facilities smaller institutions cannot, deterring their use. Furthermore, individual coursework that incorporates small audio clips come with an expensive price tag (News - Alert). Is your business on track for a successful future? Learn how Technavio can help Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions. Some of the vendors in the market
The global online language learning market is extremely competitive as it is characterized by the presence of many players. These vendors offer a variety of language learning products and online services. Vendors are facing intense competition with respect to the pricing strategy that they follow, owing to commoditization. To gain a competitive edge in the market, vendors are increasingly incorporating technologies such as Big Data, cloud computing, artificial intelligence, and virtual reality into the online language learning ecosystem. Get a sample copy of the global online language learning market report free of cost Access Technavio's continuously growing education technology research library and find expert analysis on hundreds of markets. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20180102005308/en/ |
