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Language Learning Market Share

Report ID: GMI5995
Published Date: Jun 2023
Report Format: PDF

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Language Learning Market Share

Major companies operating in the language learning market are :

Babbel Gmbh
Berlitz Corporation
Busuu Ltd. (Chegg)
Duolingo
EF Education First
eLanguage, LLC
Houghton Mifflin Harcourt Company
Inlingua International Ltd.
McGraw-Hill Education, Inc.
Memrise
New Oriental Education & Technology Group Inc.
Rosetta Stone LLC
Sanako Corporation
Speexx
Voxy.

The competitive landscape is characterized by continuous innovations as companies strive to improve their offerings with new features, integrations, and partnerships.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of language learning was reached USD 52 billion in 2022 and will grow at a CAGR of over 20% between 2023 and 2032. With increased globalization, businesses are expanding their operations across borders, leading to a growing need for employees with language skills, boosting the industry demand.

The individual learner segment held a market share of over 60% in 2022, owing to the preference for self-paced learning, where individuals can control the time and speed of their language learning journey.

Europe held over 30% share in industry in 2022, driven by the rapid adoption of 5G infrastructure. Europe has a strong digital infrastructure and wide internet penetration, making language learning platforms easily accessible to learners across the continent.

Babbel Gmbh, Berlitz Corporation, Busuu Ltd. (Chegg), Duolingo, EF Education First, eLanguage, LLC, Houghton Mifflin Harcourt Company, New Oriental Education & Technology Group Inc., Rosetta Stone LLC, Sanako Corporation, Speexx, and Voxy.