Europe Online Language Learning Market to be Worth $8 Billion by 2030
Added: (Thu Dec 14 2023)
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Meticulous Research®—a leading global market research company, published a research report titled, ‘Europe Online Language Learning Market by Learning Mode (Self-learning Apps, Tutoring), Age Group, Language (English, Mandarin, Spanish), End User (Individual Learners, Educational Institutions), and Country - Forecast to 2030.’
According to this latest publication from Meticulous Research®, the Europe Online Language Learning Market is projected to reach $8 billion by 2030, at a CAGR of 17.3% from 2023 to 2030. The growth of this market is driven by the increasing adoption of artificial intelligence in e-learning, the availability of cost-effective online language learning apps, and the growing need for communication across borders due to globalization. Additionally, the increasing preference for multilingual employees among multinational companies and the growing popularity of transnational education (TNE) are expected to create significant market growth opportunities.
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However, data security & privacy concerns restrain the growth of this market. Furthermore, the lack of trained professionals to teach languages is a major challenge for the players in this market. Flexible pricing structures, wearable technologies, and e-learning are prominent trends in the Europe online language learning market.
The Europe online language learning market is segmented based on learning mode, age group, language, end user, and country. The study also evaluates industry competitors and analyzes the market at the country level.
Based on learning mode, the Europe online language learning market is broadly segmented into self-learning apps and tutoring. In 2023, the self-learning apps segment is expected to account for the larger share of the Europe online language learning market. This segment's large market share is attributed to increasing technological advancements, rising adoption of self-learning apps, growing need for corporate training programs, and increasing demand for flexible and convenient learning options. Moreover, the self-learning apps segment is projected to register the highest CAGR during the forecast period.
Based on age group, the Europe 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 Europe online language learning market. The large market share of this segment is attributed to the increasing demand for children’s learning apps and the rising popularity of language learning methods tailored for children, such as online interactive games, language learning cartoons, and language books and stories on online language learning platforms. Moreover, the <18 years segment is projected to register the highest CAGR during the forecast period.
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Based on language, the Europe online language learning market is broadly segmented into English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and other languages. In 2023, the English segment is expected to account for the largest share of the Europe online language learning market. The large market share of this segment is attributed to the increasing emphasis on English language learning in educational institutions, the growing number of English language learners worldwide, and the growing popularity of English language proficiency tests. However, the Mandarin segment is projected to register the highest CAGR during the forecast period.
Based on end user, the Europe online language learning market is broadly segmented into individual learners, educational institutions, government institutes, and corporate learners. In 2023, the individual learner’s segment is expected to account for the largest share of the Europe online language learning market. The large market share of this segment is attributed to the rising interest in travel and cultural exploration, supportive and active online communities and language exchange platforms, customization and personalization features in online language learning platforms, and availability of diverse language options and proficiency levels in online platforms. Moreover, the individual learner segment is projected to register the highest CAGR during the forecast period.
Based on country, the Europe online language learning market is segmented into the U.K., Germany, France, Italy, Spain, Russia, Poland, the Netherlands, Belgium, Sweden, Austria, Switzerland, Finland, Norway, Turkey, Ireland, Luxembourg, and the Rest of Europe. In 2023, Germany is expected to account for the largest share of the Europe online language learning market. Germany’s major market share is primarily attributed to the growing popularity of the English language in the country, the rising number of immigrants and international students, technological advancements and digital infrastructure in the education sector, and growing government support for education and lifelong learning. Moreover, the market in Germany is projected to register the highest CAGR during the forecast period.
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Key Players:
The key players operating in the Europe 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 Europe’s 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 Europe online language learning market?
Who are the major players in the Europe online language learning market, and what are their market shares?
What is the competitive landscape in the Europe online language learning market?
What are the recent developments in the Europe online language learning market?
What are the key growth strategies adopted by major players in the Europe online language learning market?
What are the key country trends, and which are the high-growth countries?
Who are the local emerging players in the Europe online language learning market, and how do they compete with the other players?
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