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Language Learning Market Size

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

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Language Learning Market Size

Language Learning Market size valued at USD 52 billion in 2022 and is anticipated to grow at a CAGR of 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. Language learning cater to this demand by offering specialized courses for professionals in various industries. Moreover, these platforms often provide business-oriented language training, helping individuals enhance their communication skills in international business settings.

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Language learning include online and offline platforms that provide resources, courses, and interactive features to assist learners in acquiring new languages. They offer a range of exercises, lessons, and assessments to improve language skills through various learning methods.

Language Learning Market Report Attributes
Report Attribute	Details
Base Year:	2022
Language Learning Market Size in 2022:	USD 52.7 Billion
Forecast Period:	2023 - 2032
Forecast Period 2023 - 2032 CAGR:	20.8%
2032 Value Projection:	USD 337.2 Billion
Historical Data for:	2018 - 2022
No. of Pages:	250
Tables, Charts & Figures:	303
Segments covered:	Language, Learning Mode, Learning Type, End User, and Region
Growth Drivers:	Rising globalization Increasing demand for multilingualism Rising trend of e-learning Integration of AR and VR technology with language learning platform Growing learning platform collaboration with educational institutions
Pitfalls & Challenges:	Lack of personalized instruction Competition from free resources

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The lack of personalized instruction can hinder language learning market growth during the forecast period. While language learning offers personalized features, they may not fully replicate the benefits of in-person instruction. Some learners may require direct feedback, interaction, and guidance from language teachers or native speakers, which may be lacking in online platforms. This factor may hinder market size.

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.