Meticulous Research®—a leading global market research
company, published a research report titled, ‘Language Learning Apps Market by
Offering, Learning Mode (One-on-one, Group), Age Group, Language, End User
(Individual Learners, Educational Institutes, Government Bodies, Corporate
Learners), and Geography - Global Forecast to 2030’.
Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5658?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=03-01-2024
According to this latest publication from Meticulous
Research®, the global Language Learning Apps Market is expected to grow at a
CAGR of 21.2% from 2023-2030 to reach $26 billion by 2030. The growth of this
market is driven by the growing e-learning market, globalization, the growing
need for cross-border communication, and the minimal cost of language learning
apps. However, a lack of comprehensiveness in a single platform may restrain
the growth of this market.
The increasing spending on the education sector, rising
internet and mobile phone user base, and growing preferences for multilingual
employees by multinational companies are expected to create market growth
opportunities. However, the need to ensure the quality and effectiveness of
language learning materials and programs and limited access to high-speed
internet or smart devices is a major challenge for the players operating in
this market. Additionally, the integration of artificial intelligence (AI)
& robot technology are major trends in the global language learning apps
market.
The global language learning apps market is segmented based
on offering, learning mode, age group, and end user. The study also evaluates
industry competitors and analyses the market at the country level.
Speck to our analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5658?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=03-01-2024
Based on offering, the global language learning apps market
is segmented into online courses and apps, tutoring, and software as a service
(SaaS). In 2023, the online courses and apps segment is estimated to account
for the largest share of the language learning apps market. The growth of this
segment is driven by the growing need for certificates and credentials
recognized by institutions, the increasing need to access educational content
from anywhere, the need for cost-effective, diverse course offerings, and
increasing government support for online education initiatives and investments
in digital infrastructure. However, the tutoring segment is projected to
register the highest CAGR during the forecast period due to the growing need
for one-to-one online tutoring to maximize engagement and comprehension,
increasing focus on individual learner needs for skill improvements, increasing
need for customized and personalized learning experience, and growing need of
cultural insights, context, real-world applications of languages from online
tutors.
Based on learning mode, the language learning apps market is
segmented into one-on-one learning and group learning. In 2023, the one-on-one
learning segment is estimated to account for the largest share of the language
learning apps market. The growth of this segment is driven by globalization and
interconnectedness, the need for highly personalized experiences tailored to
the individual learner's pace, the increasing need for more cost-effective
alternatives to traditional language schools or immersion programs, growing
focus on specific learning objectives, rising demand for job opportunities,
growing need for continuous self-improvement and skill development are driving
the growth of this segment. However, the group learning segment is projected to
register the highest CAGR during the forecast period due to the opportunities
it provides for learners to experience and adapt to various teaching and
learning methods, the increasing need for personalized and flexible language
education experiences, increasing need for peer evaluation for continuous
improvement, the need for real-time feedback on pronunciation, grammar, and
language usage with the convenience of in-person interaction.
Based on age group, the language learning apps market is
segmented into <18 years, 18–20 years, 21–30 years, 31–40 years, and >40
years. In 2023, the <18 years segment is estimated to account for the
largest share of the Language Learning Apps market. The increasing digitization
of public schools, rising number of language learners, significant increase in
smartphone users, increasing demand for kids learning apps, the rising
popularity of online interactive games for language learning, and the growing
e-learning platforms are expected to drive the segment growth in the coming
years. However, the 18–20 years segment is projected to register the highest
CAGR during the forecast period due to the increasing language exchange
programs, rising preference for interactive and engaging learning experiences,
expansion of higher education opportunities, growing need for cognitive
abilities development, enabling learners to grasp complex grammar rules,
vocabulary, and abstract concepts more readily.
Browse in depth @ https://www.meticulousresearch.com/product/language-learning-apps-market-5658?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=03-01-2024
Based on language, the language learning apps market is
broadly segmented into English, French, Spanish, Mandarin, German, Italian,
Arabic, Japanese, Korean, and other languages. In 2023, the English language
segment is expected to account for the largest share of the language learning
apps market. The large market share of this segment is attributed to the
growing number of English language learners worldwide, the increasing emphasis
on learning English in schools and educational institutions, the growing priority
for English in business & professional areas, rising investments in
start-ups & small companies teaching English. However, the Mandarin
language segment is projected to register the highest CAGR during the forecast
period due to the high demand for the Mandarin language due to its economic and
cultural significance and growing global demand for increasing business
opportunities in China.
Based on end user, the language learning apps market is
segmented into individual learners, educational institutes, government bodies,
and corporate learners. In 2023, the individual learners segment is estimated
to account for the largest share of the language learning apps market. The
growth of this segment is driven by the rising adoption of smart devices
coupled with faster internet penetration, the increasing need for transmission
of live content on the internet for better brand engagement and student reach,
the rising adoption of self-learning apps, the surging social media platforms,
and the high number of free language learning apps. The segment is also
projected to register the highest CAGR during the forecast period.
Request Free Research Report Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=5658?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=03-01-2024
Based on geography, the language learning apps market is
segmented into North America, Asia-Pacific, Europe, Latin America, and the
Middle East & Africa. In 2023, Asia-Pacific is estimated to account for the
largest share and highest CAGR of the language learning apps market. The large
market share of this region is attributed to the growing need to improve
communication across borders, high demand for multilingual professionals,
rising adoption of self-learning apps in corporate training programs and language
institutes, increasing digitalization of educational content government
initiatives to strengthen national education networks, increasing demand for
flexible and convenient language learning options, and rising demand for online
cost-effective programs that address the knowledge gap in students. The market
is also projected to register the highest CAGR during the forecast period.
Key Players:
The key players operating in the language learning apps
market are Duolingo Inc. (U.S.), Memrise Inc. (U.K.), Busuu Ltd (U.K.), Berlitz
Corporation (U.S.), Mango Languages (U.S.), Pimsleur (U.S.), Rosetta Stone,
Inc. (U.S.), HelloTalk (China), Inlingua International Ltd. (France), Lesson
Nine GmbH (Babble) (Germany), PlanB Labs OÜ (Drops) (Estonia), Transparent
Language, Inc. (U.S.), Open Education LLC (U.S.), Linguistica 360, Inc. (U.S.),
Mondly (Romania), FluentU (A part of Enux Education Limited) (U.S.), Lingvist
Technologies OÜ (Estonia), Beelinguapp UG (Germany), ELSA Corp. (U.S.), FALOU
APP (Brazil), Lang-8 Inc. (HiNative) (Japan), Tripod Technology GmbH (Tandem)
(Germany), and Lingualift (U.K.).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5658?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=03-01-2024
No comments:
Post a Comment