Meticulous Research®—a leading global market research company, published a research report titled, ‘Language Learning Market by Age Group (40 years), Language (English, Mandarin, Spanish, French, German, Italian, Japanese), End User (B2C, B2B), and Geography—Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the global language learning market is projected to reach $120.5 billion by 2030, at a CAGR of 10.5% during the forecast period.
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The growth of the language learning market is driven by globalization and the growing need for cross-border communication, minimal platform price of language learning applications, and increasing adoption of artificial intelligence (AI) in E-learning. However, the reluctance to accept English as a primary language for communication in some countries may restrain the growth of this market.
Furthermore, the growing preferences for multilingual employees by multinational companies and increasing investments in start-ups and small companies teaching languages are expected to offer significant growth opportunities for the language learning market. However, the lack of trained professionals to teach language may hinder this market's growth. Additionally, transnational education (TNE), flexible pricing structure, and enhancing language education through social robots are prominent trends in this market.
The global language learning market is segmented by age group (40 years); language (English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and other languages); end user (B2B {Live (Offline [Group Learning and 1:1 Tutoring] and Online [Group Learning and 1:1 Tutoring]) and Web & Mobile Apps} and B2C {Live (Offline [Group Learning and 1:1 Tutoring] and Online [Group Learning and 1:1 Tutoring]) and Web & Mobile Apps}); and geography. The study also evaluates industry competitors and analyzes the market at regional and country levels.
Based on age group, the global language learning market is segmented into 40 years. In 2023, the