Asia-Pacific Online Language Learning Market to be Worth $22.5 Billion by 2030
Meticulous
Research®—a
leading global market research company, published a research report titled, ‘Asia-Pacific Online Language Learning Market,
by Learning Mode (Self-learning Apps & Applications, Tutoring), Age Group,
Language (English, Mandarin, Spanish), End User (Individual Learners,
Educational Institutions), and Country - Forecast to 2030.’
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Free sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5541?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=05-01-2024
According
to this latest publication from Meticulous Research®,
the Asia-Pacific online language learning market is projected to reach $22.5
billion by 2030, at a CAGR of 23.6% from 2023 to 2030. The growth
of this market is driven by globalization and the growing need for
communication across borders, the growing e-learning market, and the rising
importance of English in business and professional areas. Additionally, the
increasing spending on the education sector and the rising penetration of the
Internet and smartphone user base are expected to create market growth
opportunities.
However,
the reluctance to accept English as a primary language for communication in
some countries restrains the growth of this market. High capital expenditure in
developing countries is a major challenge for the players operating in this
market. Flexible pricing structure and artificial intelligence & robot
technology are prominent trends in the Asia-Pacific online language learning
market.
The
Asia-Pacific online language learning market is segmented by learning mode, age
group, language, and end user. The study also evaluates industry competitors
and analyzes the market at the country level.
Based
on learning mode, the
Asia-Pacific online language learning market is broadly segmented into
self-learning apps, applications and tutoring. In 2023, the self-learning apps
and applications segment is expected to account for the largest share of the
Asia-Pacific online language learning market. This segment's large market share
is attributed to increasing technological advancements, including AI, AR/VR,
rising adoption of self-learning apps in educational institutions, and
increasing demand for flexible and convenient learning options. Additionally,
the integration of social features in self-learning apps that allow users to
connect with language learners and native speakers worldwide is driving market
growth. This segment is also projected to register the highest CAGR during the
forecast period.
Based
on age group, the Asia-Pacific online language
learning market is broadly segmented into <18 years, 18-20 years, 21-30
years, 31-40 years, and >40 years. In 2023, the <18 years segment is
expected to account for the largest share of the Asia-Pacific online language
learning market. The large market share of this segment is attributed to the
increasing demand for kids learning apps and the rising popularity of kids’
different language learning methods, such as online interactive games for
language learning, language learning cartoon videos, and language books and
stories. Also, the expansion of higher education opportunities and the
increasing need for immersive practical language practice are driving market
growth. This segment is also projected to register the highest CAGR during the
forecast period.
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However,
India is projected to register the highest CAGR during the forecast period due
to the increased demand for online language learning platforms, the growing
e-learning market, the increasing adoption of remote learning, and increasing
government initiatives to strengthen the education sector.
Key
Players:
The
key players operating in the Asia-Pacific online language learning market
include Berlitz Corporation (U.S.), Rosetta Stone, Inc. (U.S.), Memrise Inc.
(U.K.), Inlingua International Ltd. (France), Sanako Corporation (Finland),
Duolingo Inc. (U.S.), Babble GmbH (Germany), Busuu Limited (U.K.), Transparent
Language, Inc. (U.S.), Open Education LLC (U.S.), Linguistica 360, Inc. (U.S.),
Mondly (Romania), FluentU (A part of Enux Education Limited), Mango Languages
(U.S.), Cambridge University Press (U.K.), New Oriental Education &
Technology Group Inc. (China), Houghton Mifflin Harcourt Company (U.S.),
McGraw-Hill Education, Inc. (U.S.), and ELSA Corp. (U.S.).
Key
questions answered in the report-
· Which
high-growth market segments are based on learning mode, age group, language,
end user, and country?
· What
was the historical market for Asia-Pacific online language learning market?
· What
are the market forecasts and estimates for 2023–2030?
· What
are the major drivers, restraints, opportunities, challenges, and trends in the
Asia-Pacific online language learning market?
· Who
are the major players, and what shares do they hold in the Asia-Pacific online
language learning market?
· How
is the competitive landscape in the Asia-Pacific online language learning
market?
· What
are the recent developments in the Asia-Pacific online language learning
market?
· What
strategies are adopted by the major players in the Asia-Pacific online language
learning market?
· What
are the key geographic trends, and which are the high-growth countries?
· Who
are the local emerging players in the Asia-Pacific online language learning
market, and how do they compete with the other players?
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