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Online Language Learning Market size to grow by USD 36,400.33 million from 2022 to 2027; Growth driven by the cost benefits and flexibility of online language learning- TechnavioNEW YORK, May 26, 2023 /PRNewswire/ -- The online language learning market size is estimated to increase by USD 36,400.33 million, accelerating at a CAGR of 20% during the forecast. The cost benefits and flexibility of online language learning are notably driving the market growth, although the threat from open sources may impede the market growth. Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports- Request a sample report Online Language Learning Market – Market dynamics Leading drivers - The cost benefits and flexibility of online language learning are notably driving the online language learning market growth. Online language learning programs cost less than offline programs. online language learning apps and software are becoming easily accessible with the rapid digital penetration worldwide. The low cost of online language learning combined with its benefits will boost the growth of the online language learning market during the forecast period. Key trends - The use of Artificial Intelligence in language learning is a key trend influencing the online language learning market growth. The introduction of AI in language learning has been found to reduce the time it takes to master a language compared to traditional language learning methods. AI can reduce the time, money, and effort required to complete an online or app-based course and fully personalize each student's digital language learning. Major challenges - The threat from open sources is challenging the online language learning market growth. Massive open online courses (MOOCs) are easily available in open source. The growth of MOOCs is having a major negative impact on the global online language-learning market. Therefore, increasing collaboration between MOOC providers and educational institutions will hamper the growth of the online language learning market during the forecast period. In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market! Online Language Learning Market - Customer landscape To help companies evaluate and develop growth strategies, the report outlines –
Online Language Learning Market – Vendor Analysis Some of the major online language learning market vendors are:
The online language learning market is fragmented, with the presence of several global as well as regional vendors. The degree of fragmentation will accelerate during the forecast period. Vendor offerings -
Online Language Learning Market - Segmentation Assessment The online language learning market is segmented as below:
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 Download a Sample Report What are the key data covered in this Online Language Learning Market report?
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports Corporate M-Learning Market- The corporate M-learning market size is estimated to grow at a CAGR of 18.35% between 2022 and 2027 and the size of the market is forecast to increase by USD 35.04 billion. Cognitive Assessment and Training Market- The cognitive assessment and training market size is estimated to grow at a CAGR of 30.18% between 2022 and 2027. The cognitive assessment and training market size is forecast to increase by USD 13,732.94 million.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 17,000 reports and counting, covering 800 technologies, spanning across 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. Contacts Technavio Research View original content to download multimedia:https://www.prnewswire.com/news-releases/online-language-learning-market-size-to-grow-by-usd-36-400-33-million-from-2022-to-2027-growth-driven-by-the-cost-benefits-and-flexibility-of-online-language-learning-technavio-301834420.html SOURCE Technavio |