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What is the Market Size for Language Learning Applications Globally?
What is the Market Size for Language Learning Applications Globally?
The global language learning market size is USD 49 billion in 2020. By 2025, it is projected to reach USD $115 billion (Chowdhry, 2023). Additionally, language learning application market size was USD 3.147 billion in 2021. By 2031, market is expected to reach USD 16.63 billion with a compound annual growth rate (CAGR) of 16.38% (Business Research Insights, 2023).
(Business Research Insights, 2023)
Memrise Pricing
Memrise Pricing
Memrise offer both free and paid subscription options. Here are the breakdown of their pricing structure (Memrise, n.d.-d):
Memrise Financial Statistics
Memrise Financial Statistics
Memrise made an estimated $21.5 million revenue in 2022, a 12% decrease year-on-year;
Memrise has 65 million registered users;
It has raised $21.8 million, with its latest round in June 2018;
It currently employs 71 employees (Curry, 2024b).
(Curry, 2024b)
(Curry, 2024b)
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