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The global cloud-based language learning market is projected to reach values of around $8 billion by 2024LONDON, Jan. 22, 2019 /PRNewswire/ -- The global cloud-based language learning market is projected to reach values of around $8 billion by 2024, growing at a CAGR of approximately 7% during 2018-2024. This market research report also offers market size analysis in terms of the number of users (mn) during the forecast period. The end-user type segment in the global cloud-based language learning market is divided into K12, higher education, vocational training, corporate training, examination number, and others. The corporate sector is the fastest growing end-user segment in the global market, at a CAGR of over 8% during the forecast period. The increasing focus on outsourcing of the e-learning resources is driving the growth of this segment in the global market. The growing investments in corporate wellness programs and training modules with packaged content, platform, and authoring tools will create lucrative opportunities for the vendors operating in the global market.The growing popularity of vocational training that are designed to enhance skills for starting careers is augmenting the growth of this segment. The government initiatives to promote vocation training for skill development will boost revenues in the cloud-based language learning market. The growing demand for foreign language courses that enable people from different fields and countries to participate in programs around the world will encourage service providers to introduce different modules. Market Segmentation by Language • English • Chinese • Spanish • Arabic • Others • German • French • Japanese • Portuguese • Others Market Segmentation by End-User Type • K12 • Higher Education • Vocational Training • Corporate Training • Examination Number • Others Cloud-based Language Learning Market – Geography The global cloud-based language learning market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. APAC occupied the largest market share in 2018, growing at a CAGR of over 7% during the forecast period. The increasing internet penetration, rising disposable expenditure, improvement of public amenities, and progression of the pedagogy in educational institutions are the primary factors attributing to the growth of the APAC market.The growing demand for examination training, especially for GRE, GMAT, TOEFL, and IELTS will contribute to the growing revenues in the APAC market.The expansion of cloud computing services across Africa is fueling the growth of this region in the global market. The establishment of e-government strategies in the educational sector is propelling the demand in the African market. Increasing investments by tech giants such as Google, Amazon, and Microsoft across various African countries will positively impact the cloud-based language learning market. The growing need to learn languages such as English, Chinese, German, and French across various Middle Eastern countries, especially Saudi Africa will propel the development of the market in this region. Market Segmentation by Geography • APAC • China • India • Japan • North America • US • Canada • Europe • UK • France • Spain • Latin America • Brazil • Mexico • MEA • Saudi Arabia • UAE Key Vendor Analysis The global cloud-based language learning market is witnessing significant growth due to the presence of various players. The vendors are focusing on expanding the business and gaining maximum market share by creating awareness about their products. The growing demand for online language courses will encourage companies to diversify their product portfolio in the global market. The players are investing in marketing activities, low or free initial pricing, and broad sampling to sustain the intense competition in the market. The vendors are leveraging freemium offerings with attractive short-term subscription pricing to attract a maximum number of consumers in the global cloud-based language learning market. The major vendors in the global market are: • Speexx • Rosetta Stone Inc. • Duolingo • Busuu.com • Babbel.com Other prominent vendors include 50 Languages, Linguatronics, Sanako, Okpanda, Livemocha, Software and Network Solutions, Voxy, Sanoma, Memrise, and Edusoft. Key market insights include 1. The analysis of global cloud-based language learning market provides market size and growth rate for the forecast period 2018-2024. 2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global cloud-based language learning market. 3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities. 4. It offers a complete overview of market segments and the regional outlook of global cloud-based language learning market. 5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage. Download the full report: https://www.reportbuyer.com/product/5724765 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com
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