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Global $8 Bn Cloud-based Language Learning Market 2019-2024: Growing Requirement of Technology-Enabled Tools that can Facilitate User Engagement, Motivation, and CollaborationDUBLIN, Feb. 11, 2019 /PRNewswire/ -- The "Cloud-based Language Learning Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.  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. Large corporate organizations are investing in the efficient channelization of IT resources and expenditure to bring-in measurable improvements in workforce efficiency, thereby augmenting the growth of the global market. Cloud solutions are designed to enable the resources to learn language on-the-go at their convenience of time, place, and mode. The global cloud-based language learning market is driven by the growing requirement of technology-enabled tools that can facilitate user engagement, motivation, and collaboration. The business outsourcing activities across several countries such as India, the Philippines, Indonesia, China, and Thailand will drive the demand for language training solutions in the global market. The market research report provides in-depth market analysis and segmental analysis of the global cloud-based language learning market by language, end-user type, and geography. The growing dominance of China as the second largest economy in the world and an industrial powerhouse is propelling the demand for Mandarin Chinese courses in the global market. The rise in the business interactions of the other countries with China will positively impact the cloud-based language learning market. Learning Mandarin Chinese opens up more opportunities to work, live, communicate, and understand a country that will continue to play an important role in the world's future. 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. 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. 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. Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Report Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of Study 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Inclusions 5.3 Exclusions 5.4 Currency Conversion 5.5 Market Derivation 6 Market at a Glance 7 Introduction 7.1 Overview 7.2 Cloud-based Language Learning 7.3 Analysis of Cloud-based Applications 7.4 Benefits of Cloud-based Learning Architecture 7.4.1 Cost savings 7.4.2 Seamless connectivity 7.4.3 Ease of deployment 7.4.4 Application reliability 7.4.5 Secure environment 7.4.6 Scalable for organizations of all sizes 7.4.7 Consistent resource performance 8 Market Dynamics 8.1 Market Growth Enablers 8.1.1 High penetration of internet and internet-enabled devices 8.1.2 Importance of continuous education among global citizens 8.1.3 Global workforce and migration of skilled labor 8.1.4 Increased private investments in digital learning 8.1.5 Digitization initiatives in education and learning sector 8.2 Market Growth Restraints 8.2.1 Need for continuous product innovation 8.2.2 Variability in hardware and software 8.2.3 Limited access to closed markets and engagement with local partners 8.2.4 Optimization of internet bandwidth in developing countries 8.2.5 Lack of viable revenue and monetization model 8.3 Market Opportunities & Trends 8.3.1 Going mobile and going social 8.3.2 Gamification in language learning 8.3.3 Collaboration in local markets for content development 8.3.4 Growing popularity of blended learning in education technology 9 Stakeholder Analysis 9.1 stakeholder overview 9.2 Licensing Model 9.3 Actual Usage License (Annual or Monthly) 9.4 Named User LMS License (Annual or Monthly) 9.5 SaaS LMS License 9.6 Perpetual License 9.7 Per Location License 9.8 Unlimited Use LMS License 10 Global Cloud-based Language Learning Market 10.1 Market Overview 10.2 Market Size & Forecast 2018-2024 10.3 Porter's Five Forces Analysis 11 By Language 11.1 Market Overview 11.2 English 11.3 Chinese 11.4 Spanish 11.5 Arabic 11.6 Others 11.6.1 Market Size & Forecast 11.6.2 Portuguese 11.6.3 Germany 11.6.4 Japanese 11.6.5 Russian 12 By End-User 12.1 Market Overview 12.2 Vocational training 12.3 Corporate Training 12.4 Higher Education 12.5 K-12 12.6 Examination Training 13 By Geography Key Company Profiles
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For more information about this report visit https://www.researchandmarkets.com/research/w6dbjd/global_8_bn?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Laura Wood, Senior Manager SOURCE Research and Markets 
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