Market Prediction and Value
English Proficiency Test: Market Prediction and Value
“The global English language learning market value was around USD 33.5 billion in 2018 and is expected to reach around USD 54.8 billion by 2025, growing at a CAGR of 7.1% in the forecast period. Studies reveal that with growing globalization, consciousness about necessity of developing English skills grows. Wall Street English revealed that 73% of the surveyed individuals hold an opinion that English learning shall become a necessity in the coming years.” (Adroit market research)
Although the bulk of students who apply for study programs abroad, comprise the market for language proficiency tests. Considerable growth in this field globally is due to various other reasons:
* growing economic diversification
* increasing globalization
*requirements by the multinational companies from the employees
*growing immigration numbers
* growing numbers of international students in the foreign universities
* up surging training programmes by the companies for the employees