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Europe Online Language Learning Market, by Learning Mode (Self-learning Apps, Tutoring), Age Group, Language (English, Mandarin, Spanish), End User (Individual Learners, Educational Institutions), and Country - Forecast to 2030
Report ID: MRICT - 104866 Pages: 230 Jun-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe Europe Online Language Learning Market is projected to reach $8 billion by 2030, at a CAGR of 17.3% during the forecast period of 2024–2030. The growth of this market is driven by the increasing adoption of artificial intelligence in e-learning, the availability of cost-effective online language learning apps, and the growing need for cross-border communication due to globalization. Additionally, the increasing preference for multilingual employees among multinational companies and the growing popularity of transnational education (TNE) are expected to create significant market growth opportunities.
However, data security & privacy concerns restrain the growth of this market. Furthermore, the lack of trained professionals to teach languages is a major challenge for the players in this market. Flexible pricing structures, wearable technologies, and e-learning are prominent trends in the Europe online language learning market.
Technological advancements worldwide have made establishing and managing online language learning more accessible. Technologies like the IoT, cloud computing, the Internet, and wearable gadgets have significantly expanded the reach of online language learning products and applications. Furthermore, the emergence of social networking platforms and the integration of voice recognition & computer video cameras have further expanded the potential of technology to enhance online language learning.
The benefits of modern technologies have led to the modernization of foreign language learning, resulting in the emergence of online language learning platforms. Neural network capabilities were utilized with AI language education platforms to revolutionize education for students, teachers, and the enterprise sector. AI algorithms have the potential to advance e-learning in every field. In the case of language learning, AI personalizes teachings and lessons to each learner, reducing the time, cost, and pressure involved in completing online or app-based courses.
Furthermore, the introduction of wearable technology to facilitate language learning is one of the key trends gaining traction in the corporate world. Wearable technologies, including HoloLens, fitness trackers, smartwatches, and smart glasses, assist users in learning languages in an advanced manner. For instance, Google Glass offers website access and supports over 150 apps, including media, utilities, and language learning. It promotes learner interaction and language fluency by facilitating language learning in different set-ups, such as collaborative and individual.
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In 2024, the Self-learning Apps Segment is Expected to Dominate the Europe Online Language Learning Market
Based on learning mode, the Europe online language learning market is broadly segmented into self-learning apps and tutoring. In 2024, the self-learning apps segment is expected to account for the largest share of the Europe online language learning market. This segment's large market share is attributed to the increasing popularity and usage of mobile devices, growing demand for flexible and convenient learning options, and increasing recognition of the effectiveness and efficiency of self-learning apps. Moreover, the self-learning apps segment is projected to register the highest CAGR during the forecast period.
In 2024, the <18 years Segment is Expected to Dominate the Europe Online Language Learning Market
Based on age group, the Europe online language learning market is broadly segmented into <18 years, 18-20 years, 21-30 years, 31-40 years, and >40 years. In 2024, the <18 years segment is expected to account for the largest share of the Europe online language learning market. The large market share of this segment is attributed to the rising demand for interactive and engaging learning experiences among young learners, the growing significance of language skills for cross-border collaboration and career advancement, and the increasing need for immersive and practical language practice. Moreover, the <18 years segment is projected to register the highest CAGR during the forecast period.
In 2024, the English Segment is Expected to Dominate the Europe Online Language Learning Market
Based on language, the Europe online language learning market is broadly segmented into English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and other languages. In 2024, the English segment is expected to account for the largest share of the Europe online language learning market. The large market share of this segment is attributed to the growing number of English language learners worldwide, the increasing emphasis on English language learning in educational institutions, and the growing popularity of English language proficiency tests such as TOEFL and IELTS. However, the Mandarin segment is projected to register the highest CAGR during the forecast.
Germany: Fastest-growing Market in Europe
Based on country, the Europe online language learning market is segmented into Germany, the U.K., France, Italy, Spain, Russia, Poland, the Netherlands, Belgium, Sweden, Austria, Switzerland, Finland, Norway, Turkey, Ireland, Luxembourg, and the Rest of Europe. In 2024, Germany is projected to register the highest CAGR during the forecast period due to the growing demand for language skills in professional settings, workforce demands and career opportunities, and the availability of a wide range of language options and proficiency levels in online platforms. Moreover, the market in Germany is projected to register the highest CAGR during the forecast period.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major companies operating in the Europe online language learning market in the last few years. The key players profiled in the Europe online language learning market report are Berlitz Corporation (U.S.), Rosetta Stone, Inc. (U.S.), Memrise Inc. (U.K.), Inlingua International Ltd. (France), Sanako Corporation (Finland), Duolingo Inc. (U.S.), Babble GmbH (Germany), Busuu Limited (U.K.), Transparent Language, Inc. (U.S.), Open Education LLC (U.S.), Linguistica 360, Inc. (U.S.), Mondly (Romania), FluentU (A part of Enux Education Limited), Mango Languages (U.S.), Cambridge University Press (U.K.), New Oriental Education & Technology Group Inc. (China), Houghton Mifflin Harcourt Company (U.S.), McGraw-Hill Education, Inc. (U.S.), and ELSA Corp. (U.S.).
Scope of the report:
Europe Online Language Learning Market Assessment, by Learning Mode
Europe Online Language Learning Market Assessment, by Age Group
Europe Online Language Learning Market Assessment, by Language
Europe Online Language Learning Market Assessment, by End User
Europe Online Language Learning Market Assessment, by Country
Key questions answered in the report:
The Europe online language learning market is projected to reach $8 billion by 2030, at a CAGR of 17.3% during the forecast period.
Factors such as the increasing adoption of artificial intelligence in e-learning, the availability of cost-effective online language learning apps, and the growing need for cross-border communication due to globalization are driving the growth of this market.
The key players operating in the Europe online language learning market are Berlitz Corporation (U.S.), Rosetta Stone, Inc. (U.S.), Memrise Inc. (U.K.), Inlingua International Ltd. (France), Sanako Corporation (Finland), Duolingo Inc. (U.S.), Babble GmbH (Germany), Busuu Limited (U.K.), Transparent Language, Inc. (U.S.), Open Education LLC (U.S.), Linguistica 360, Inc. (U.S.), Mondly (Romania), and FluentU (A part of Enux Education Limited).
The lack of trained professionals to teach language is a major challenge for players in this market.
The key growth strategies adopted by most companies in this market include agreements, collaborations, and partnerships. These strategies enable companies to strengthen their product portfolios and enhance their geographic reach in the Europe online language learning market.
Published Date: Nov-2024
Published Date: Jul-2024
Published Date: Jul-2024
Published Date: Jul-2024
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