December 10, 2019
According to the latest study titled ‘Digital Language Learning Market to 2027 - Global Analysis and Forecasts by Language Type (English, Mandarin, Spanish, German, Others); Deployment Type (On-premise, Cloud); Business Type (Business-to-Business, Business-to-Customer); End User (Academic, Non-Academic)’ available with Market Study Report LLC, the global digital language learning market is estimated to accumulate US $17.18 billion by the year 2027.
Digitalized language learning comprises techniques meant to enhance student’s ability to speak, learn, and write other languages. Digitalization has revolutionized the educational sector in several countries with an aim to prepare their students to meet the standards of education and corporate sectors in the western countries. Globalization in tandem with shifting population preference for getting employment abroad, improved disposable income, rising awareness regarding better education are some of the factors driving the growth of digital language learning market.
According to the study, digital language learning market was valued at US $5.69 billion in 2018 and is anticipated to register a growth rate of 13.4% over the forecast period. The study analyses the market landscape through PEST analysis and ecosystem analysis while inferring the market positioning. Information about the market dynamics covering drivers and restraints is also outlined in the report.
With the advancement in technology, the study also enumerates future trends concerning digital language learning market that involves leveraging advanced and simplified technologies to attract students toward digital education.
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Based on language type, the global digital language learning market is classified as english, german, mandarin, spanish, and others. While as per deployment type, the industry is divided into on-premise and cloud. Speaking of business type, the market is bifurcated into business-to-business and business-to-customer.
In terms of end- user spectrum, the industry is split into academic and non-academic. Considering the geographical landscape, APAC digital language learning market is presumed to experience an accelerated growth in the upcoming years, cites the report.
Some of the vendors that operate in digital language learning market are Babbel, Busuu Ltd., Lingoda GmbH, Fluenz, Pearson PLC, Living Language, Rosetta Stone, Inc., Preply, Inc., Yabla, Inc., and Verbling, Inc. among others.
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