Brandessence Market Research has published a new report title and According to the Study, "Language Learning Market is valued at USD 31.10 Billion in 2017 and expected to reach USD 172.71 Billion by 2027 with a CAGR of 18.7% over the forecast period".
Key Players for Global Language Learning Market Report: some major key players for Global Language Learning Market are Duolingo Inc, Sanako Corporation, Inlingua International Ltd., Rosetta Stone, Berlitz Corporation, Memrise Inc., Babbel, Busuu Ltd, iTutor Group and others.
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The ability of any human to process or acquire the capacity to use particular language is termed as language acquisition or language learning. It is an active process since the birth and continues throughout the life. Important aspects in any language learning is reading, writing, listening and speaking which are interconnected. According to Swedish study, language learning helps the brain to grow with improved cognitive and critical skills. Learning different languages can land you an opportunity to see the world and boost your career. Many organizations believe in deep connectivity with other cultures to enhance overall growth and seek professionals with multi-linguistic skills to expand their business opportunities.
During the COVID-19 pandemic, has created positive effect on some industries and few of them have experienced the downfall. The pandemic has boosted the online market positively. Major industries shifted to remote working and educational institutes recognized the benefits of online learning. The lockdown gave space for many to go after their hobbies and foreign language learning was choice of many, according to data from many companies. Duolingo reported boost in users by 300%. Cultural curiosity has boosted the language learning market rapidly.
Europe is dominating the Global Language Learning Market
Global Language Learning Market Segmentation:
Global Language Learning Market report is segmented on the basis of Language Type, Services, End-User, and Region & country level. Based upon Language Type, Global Language Learning market is classified as English, French, Spanish, Mandarin and others. The market is classified on the basis of Services are Online courses and Offline courses. On the basis of End-User, market is divided as Educational Sector, Government Sector, Corporate Sector and Others.
Language Learning Market By Regional & Country Level:
North America
U.S.
Canada
Europe
U.K.
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
Mexico
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
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Other Trending Reports on Current Covid-19 Situation:
Global Foreign Language Learning Market is expected to grow with the CAGR of 18.9% over the forecast period.
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